1-bed · 640 sqftMAG 540, Dubai South · 4th floor · completed 2020

408, MAG 540

Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 408 · DLD and Ejari recordsUpdated 14 December 2025

Last soldAED 467K29 December 2022

Current rentAED 44K /yr14 December 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 408, MAG 540

Today

What is 408 worth today?

Last sold for AED 466,820 in 2022

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14 Dec 2025

14 Dec 2025RentedRenewal

AED 44,000/yr12 months · AED 69 per sqft

14 Dec 2024

14 Dec 2024RentedRenewal

AED 44,000/yr12 months · AED 69 per sqft

29 Dec 2022

29 Dec 2022Sold by developerReady

AED 466,820AED 729 per sqft

1 Oct 2022

1 Oct 2022RentedRenewal

AED 22,000/yr12 months · AED 35 per sqft

1 Oct 2021

1 Oct 2021RentedRenewal

AED 22,000/yr12 months · AED 35 per sqft

1 Oct 2020

1 Oct 2020RentedNew contract

AED 24,000/yr12 months · AED 38 per sqft

Source: Dubai Land Department. Updated 14 December 2025.

Key facts

Type: 1-bed apartment
Size: 640 sqft
Floor: 4th of 6
Parking: G-51
Developer: MAG
Completed: 2020
Service charge: AED 10,000 /yr
Last sold: AED 467K · December 2022
Building: MAG 540

About 408, MAG 540

408 is a one-bedroom apartment of 640 sqft on the 4th floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 29 December 2022 for AED 466,820, or AED 729 per sqft, 12% above the AED 650 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 14 December 2025, is AED 44,000 a year: a gross yield of 9.4% on the 2022 price, before the service charge of about AED 10,000 a year.

Sales and rents for 408 over time

Sales

Unit 408, each saleTypical one-bed in MAG 540

408 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 408, each contractTypical one-bed in MAG 540

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 540, and where 408 sits

All 45 1-beds →

MAG 540 · all types986 /sqft

408 last sold in December 2022 at AED 729 per sqft, 12% above what one-beds in MAG 540 were fetching at the time (AED 650). 408's AED 44,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
25 Jun 202525 June 2025	640 sqft	700,000	1,093
22 Jun 202522 June 2025	641 sqft	640,000	998
18 Jun 202518 June 2025	665 sqft	700,000	1,051
12 Jun 202512 June 2025	638 sqft	645,000	1,011

0 1-bed sales in the last 12 months

MAG 540

Building

85 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 1 sold in the last 12 months.

Typical price per sqft: AED 986
Typical sale: AED 950K
Typical rent: AED 58K /yr
Typical yield: 8.9%

MAG 540, Dubai South: prices, sales and rents →

Other units on the 4th floor

All 85 units in MAG 540


401	2-bed	1,039 sqft	AED 700KAED 700,000 · Oct 2023October 2023	75,000 /yr
402	1-bed	665 sqft	AED 680KAED 680,000 · Apr 2025April 2025	63,000 /yr
403	Studio	476 sqft	AED 401KAED 400,555 · Jul 2016July 2016	26,000 /yr
404		640 sqft	AED 730KAED 730,000 · Sep 2025September 2025	55,946 /yr
405	2-bed	1,005 sqft	AED 699KAED 698,608 · Sep 2022September 2022	80,000 /yr
406	1-bed	665 sqft	AED 561KAED 560,957 · Jun 2016June 2016	58,142 /yr
407	Studio	476 sqft	AED 396KAED 395,555 · Jul 2016July 2016	18,000 /yr
409	1-bed	640 sqft	AED 552KAED 552,000 · Jul 2016July 2016	35,200 /yr
410	1-bed	638 sqft	AED 549KAED 549,000 · Jun 2016June 2016	64,000 /yr
411	1-bed	636 sqft	AED 552KAED 552,000 · Jul 2016July 2016	47,000 /yr
412	1-bed	638 sqft	AED 549KAED 549,000 · Jun 2016June 2016	77,333 /yr
413	2-bed	963 sqft	AED 1.05MAED 1,050,000 · Jan 2024January 2024	150,000 /yr
414	2-bed	963 sqft	AED 770KAED 770,000 · Apr 2018April 2018	47,000 /yr

1–7 of 13

408, MAG 540 in numbers

Sold once: by MAG on 29 December 2022 for AED 466,820, or AED 729 per sqft.
Rented since October 2020 on 5 Ejari contracts, from AED 24,000 to AED 44,000 a year.
At AED 44,000 a year the gross yield on the 2022 price is 9.4%, before a service charge of about AED 10,000 a year (AED 15.65 per sqft).

Source: Dubai Land Department. Updated 14 December 2025.

Questions about 408, MAG 540

What did unit 408 last sell for?

AED 466,820 on 29 December 2022, sold by the developer: AED 729 per sqft for 640 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 44,000 a year on the contract renewed on 14 December 2025. The previous contract, from December 2024, was AED 44,000; the unit has been rented since October 2020.

How big is unit 408?

640 sqft (59.5 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 408, MAG 540

Starts from the last sale price (AED 467K, 29 December 2022). Switch to today's estimate once you have unlocked it.

Price: AED 466,820
Deposit, UAE resident (20%): AED 93,364
Deposit, non-resident (40%): AED 186,728
Monthly over 25 years at 3.7%: AED 1,910

Plus AED 22,517 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →