2-bed · 1,007 sqftMAG 540, Dubai South · 5th floor · completed 2020

505, MAG 540

Sold prices and rental history: sold once, by the developer in July 2016, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 505 · DLD and Ejari recordsUpdated 6 June 2025

Last soldAED 843K19 July 2016

Current rentAED 60K /yr6 June 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 505, MAG 540

Today

What is 505 worth today?

Last sold for AED 842,707 in 2016

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6 Jun 2025

6 Jun 2025RentedRenewal

AED 60,000/yr12 months · AED 60 per sqft

6 Jun 2024

6 Jun 2024RentedRenewal

AED 60,000/yr12 months · AED 60 per sqft

6 Jun 2023

6 Jun 2023RentedNew contract

AED 60,000/yr12 months · AED 60 per sqft

19 Jul 2016

19 Jul 2016Sold by developerOff-plan

AED 842,707AED 836 per sqft

Source: Dubai Land Department. Updated 6 June 2025.

Key facts

Type: 2-bed apartment
Size: 1,007 sqft
Floor: 5th of 6
Parking: G-62
Developer: MAG
Completed: 2020
Service charge: AED 15,800 /yr
Last sold: AED 843K · July 2016
Building: MAG 540

About 505, MAG 540

505 is a two-bedroom apartment of 1,007 sqft on the 5th floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 July 2016 for AED 842,707, or AED 836 per sqft.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 6 June 2025, is AED 60,000 a year: a gross yield of 7.1% on the 2016 price, before the service charge of about AED 15,800 a year.

Sales and rents for 505 over time

Sales

Unit 505, each saleTypical two-bed in MAG 540

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

Rents

Unit 505, each contractTypical two-bed in MAG 540

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

2-beds in MAG 540, and where 505 sits

All 24 2-beds →

2-beds in MAG 540 · last 12 months986 /sqft MAG 540 · all types986 /sqft

Over the last 12 months two-beds sold for AED 950,000, around AED 986 per sqft, and rent for AED 53,000 to 150,000 a year. 505's AED 60,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
28 Nov 202528 November 2025	963 sqft	950,000	986
7 May 20257 May 2025	1,005 sqft	1,150,000	1,144
4 Apr 20254 April 2025	1,040 sqft	975,000	937
31 Jul 202431 July 2024	1,007 sqft	830,000	823

1 2-bed sale 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 5th floor

All 85 units in MAG 540


501	2-bed	1,040 sqft	AED 975KAED 975,000 · Apr 2025April 2025	58,000 /yr
502	1-bed	667 sqft	AED 561KAED 560,957 · Jun 2016June 2016	77,333 /yr
503	Studio	476 sqft	AED 302KAED 302,000 · Apr 2023April 2023	40,000 /yr
504	1-bed	640 sqft	AED 512KAED 511,584 · Dec 2017December 2017	55,000 /yr
506		667 sqft	AED 765KAED 765,000 · Aug 2025August 2025	47,890 /yr
507	Studio	476 sqft	AED 275KAED 275,000 · Dec 2022December 2022	45,000 /yr
508	1-bed	640 sqft	AED 576KAED 575,532 · Feb 2020February 2020	38,000 /yr
509	1-bed	641 sqft	AED 640KAED 640,000 · Jun 2025June 2025	36,750 /yr
510	1-bed	638 sqft	AED 549KAED 549,000 · Jun 2016June 2016	65,333 /yr
511	1-bed	636 sqft	AED 552KAED 552,000 · Jul 2016July 2016	30,000 /yr
512	1-bed	638 sqft	AED 549KAED 549,000 · Jun 2016June 2016	48,000 /yr
513	2-bed	963 sqft	AED 750KAED 750,000 · Dec 2018December 2018
514	2-bed	963 sqft	AED 850KAED 850,000 · Jul 2024July 2024	55,000 /yr

1–7 of 13

505, MAG 540 in numbers

Sold once: by MAG on 19 July 2016 for AED 842,707, or AED 836 per sqft.
Rented since June 2023 on 3 Ejari contracts, at AED 60,000 a year.
At AED 60,000 a year the gross yield on the 2016 price is 7.1%, before a service charge of about AED 15,800 a year (AED 15.65 per sqft).
Two-beds in MAG 540 sold for AED 950,000–950,000 in the 12 months to November 2026; the building's median across all types is AED 986 per sqft.

Source: Dubai Land Department. Updated 6 June 2025.

Questions about 505, MAG 540

What did unit 505 last sell for?

AED 842,707 on 19 July 2016, sold by the developer: AED 836 per sqft for 1,007 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 60,000 a year on the contract renewed on 6 June 2025. The previous contract, from June 2024, was AED 60,000; the unit has been rented since June 2023.

How big is unit 505?

1,007 sqft (93.6 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 540 sold for AED 950,000 to 950,000 in the last 12 months, around AED 986 per sqft.

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Mortgage on 505, MAG 540

Starts from the last sale price (AED 843K, 19 July 2016). Switch to today's estimate once you have unlocked it.

Price: AED 842,707
Deposit, UAE resident (20%): AED 168,541
Deposit, non-resident (40%): AED 337,083
Monthly over 25 years at 3.7%: AED 3,448

Plus AED 40,403 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →