602, 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 602, MAG 540
What is 602 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 21 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 6th of 6
- Parking
- G-73
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,400 /yr
- Last sold
- AED 566K · June 2016
- Building
- MAG 540
About 602, MAG 540
602 is a one-bedroom apartment of 667 sqft on the 6th 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 565,957, or AED 849 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 6 Ejari contracts. The current contract, renewed on 21 February 2025, is AED 64,000 a year: a gross yield of 11.3% on the 2016 price, before the service charge of about AED 10,400 a year.
Sales and rents for 602 over time
602 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 602 sits
All 45 1-beds →602 last sold in June 2016 at AED 849 per sqft, in line with what one-beds in MAG 540 were fetching at the time (AED 856). 602's AED 64,000 is in the upper 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 6th floor
All 85 units in MAG 540| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,040 sqft | No registered sale | 75,000 /yr | |
| 603 | Studio | 476 sqft | AED 270KAED 270,000 · Dec 2022December 2022 | ||
| 604 | 1-bed | 640 sqft | AED 457KAED 457,483 · Nov 2022November 2022 | 55,000 /yr | |
| 605 | 2-bed | 1,007 sqft | AED 830KAED 830,000 · Jul 2024July 2024 | 75,000 /yr | |
| 606 | 1-bed | 667 sqft | AED 495KAED 495,000 · Apr 2024April 2024 | 40,000 /yr | |
| 607 | Studio | 476 sqft | AED 300KAED 300,000 · Jun 2023June 2023 | 42,000 /yr | |
| 608 | 1-bed | 640 sqft | AED 410KAED 410,000 · Mar 2023March 2023 | 55,000 /yr | |
| 609 | 1-bed | 641 sqft | AED 541KAED 540,555 · Jun 2016June 2016 | 55,000 /yr | |
| 610 | 1-bed | 638 sqft | AED 541KAED 540,555 · Jun 2016June 2016 | 55,000 /yr | |
| 611 | 1-bed | 636 sqft | AED 599KAED 599,000 · May 2016May 2016 | 34,000 /yr | |
| 612 | 1-bed | 638 sqft | AED 600KAED 600,000 · Jul 2024July 2024 | ||
| 613 | 2-bed | 963 sqft | AED 670KAED 670,000 · Sep 2023September 2023 | ||
| 614 | 2-bed | 963 sqft | AED 778KAED 777,777 · Aug 2017August 2017 | 57,750 /yr |
602, MAG 540 in numbers
- Sold once: by MAG on 7 June 2016 for AED 565,957, or AED 849 per sqft.
- Rented since January 2020 on 6 Ejari contracts, from AED 33,000 to AED 64,000 a year.
- At AED 64,000 a year the gross yield on the 2016 price is 11.3%, before a service charge of about AED 10,400 a year (AED 15.65 per sqft).
Source: Dubai Land Department. Updated 21 February 2025.
Questions about 602, MAG 540
What did unit 602 last sell for?
AED 565,957 on 7 June 2016, sold by the developer: AED 849 per sqft for 667 sqft. It is the only registered sale of the unit.
What is the rent for unit 602?
AED 64,000 a year on the contract renewed on 21 February 2025. The previous contract, from February 2024, was AED 43,000; the unit has been rented since January 2020.
How big is unit 602?
667 sqft (62.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.
What is unit 602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 602? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 602, MAG 540
Starts from the last sale price (AED 566K, 7 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 565,957
- Deposit, UAE resident (20%)
- AED 113,191
- Deposit, non-resident (40%)
- AED 226,383
- Monthly over 25 years at 3.7%
- AED 2,316
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →