512, MAG 540
Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 512, MAG 540
What is 512 worth today?
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Source: Dubai Land Department. Updated 29 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 638 sqft
- Floor
- 5th of 6
- Parking
- G-69
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 549K · June 2016
- Building
- MAG 540
About 512, MAG 540
512 is a one-bedroom apartment of 638 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 7 June 2016 for AED 549,000, or AED 860 per sqft, in line with the AED 856 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 29 February 2024, is AED 48,000 a year: a gross yield of 8.7% on the 2016 price, before the service charge of about AED 10,000 a year.
Sales and rents for 512 over time
512 has sold once; the dashed line is the one-bed median of each year in the building.
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 512 sits
All 45 1-beds →512 last sold in June 2016 at AED 860 per sqft, in line with what one-beds in MAG 540 were fetching at the time (AED 856). 512's AED 48,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
MAG 540
Building85 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%
Other units on the 5th floor
All 85 units in MAG 540| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 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 | |
| 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 |
512, MAG 540 in numbers
- Sold once: by MAG on 7 June 2016 for AED 549,000, or AED 860 per sqft.
- Rented since February 2020 on 4 Ejari contracts, from AED 35,000 to AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2016 price is 8.7%, before a service charge of about AED 10,000 a year (AED 15.65 per sqft).
Source: Dubai Land Department. Updated 29 February 2024.
Questions about 512, MAG 540
What did unit 512 last sell for?
AED 549,000 on 7 June 2016, sold by the developer: AED 860 per sqft for 638 sqft. It is the only registered sale of the unit.
What is the rent for unit 512?
AED 48,000 a year on the contract renewed on 29 February 2024. The previous contract, from March 2023, was AED 42,121; the unit has been rented since February 2020.
How big is unit 512?
638 sqft (59.3 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 512 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 512, MAG 540
Starts from the last sale price (AED 549K, 7 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 549,000
- Deposit, UAE resident (20%)
- AED 109,800
- Deposit, non-resident (40%)
- AED 219,600
- Monthly over 25 years at 3.7%
- AED 2,246
Plus AED 28,068 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →