1-bed · 640 sqftMAG 540, Dubai South · 5th floor · completed 2020

508, MAG 540

Sold prices and rental history: sold once, by the developer in February 2020, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 508 · DLD and Ejari recordsUpdated 20 July 2023

Last soldAED 576K26 February 2020

Current rentAED 38K /yr20 July 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 508, MAG 540

Today

What is 508 worth today?

Last sold for AED 575,532 in 2020

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20 Jul 2023

20 Jul 2023RentedNew contract

AED 38,000/yr12 months · AED 60 per sqft

1 Jul 2022

1 Jul 2022RentedRenewal

AED 25,000/yr12 months · AED 39 per sqft

1 Jul 2021

1 Jul 2021RentedNew contract

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

26 Feb 2020

26 Feb 2020Sold by developerReady

AED 575,532AED 899 per sqft

Source: Dubai Land Department. Updated 20 July 2023.

Key facts

Type: 1-bed apartment
Size: 640 sqft
Floor: 5th of 6
Parking: G-65
Developer: MAG
Completed: 2020
Service charge: AED 10,000 /yr
Last sold: AED 576K · February 2020
Building: MAG 540

About 508, MAG 540

508 is a one-bedroom apartment of 640 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 26 February 2020 for AED 575,532, or AED 899 per sqft.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 20 July 2023, is AED 38,000 a year: a gross yield of 6.6% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for 508 over time

Sales

Unit 508, each saleTypical one-bed in MAG 540

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

Rents

Unit 508, 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 508 sits

All 45 1-beds →

MAG 540 · all types986 /sqft

508's AED 38,000 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 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
505	2-bed	1,007 sqft	AED 843KAED 842,707 · Jul 2016July 2016	60,000 /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
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

508, MAG 540 in numbers

Sold once: by MAG on 26 February 2020 for AED 575,532, or AED 899 per sqft.
Rented since July 2021 on 3 Ejari contracts, from AED 22,000 to AED 38,000 a year.
At AED 38,000 a year the gross yield on the 2020 price is 6.6%, before a service charge of about AED 10,000 a year (AED 15.65 per sqft).

Source: Dubai Land Department. Updated 20 July 2023.

Questions about 508, MAG 540

What did unit 508 last sell for?

AED 575,532 on 26 February 2020, sold by the developer: AED 899 per sqft for 640 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 38,000 a year on the contract signed on 20 July 2023. The previous contract, from July 2022, was AED 25,000; the unit has been rented since July 2021.

How big is unit 508?

640 sqft (59.5 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 508 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 508, MAG 540

Starts from the last sale price (AED 576K, 26 February 2020). Switch to today's estimate once you have unlocked it.

Price: AED 575,532
Deposit, UAE resident (20%): AED 115,106
Deposit, non-resident (40%): AED 230,213
Monthly over 25 years at 3.7%: AED 2,355

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →