2-bed · 1,036 sqftMAG 530, Dubai South · 1st floor · completed 2020

101, MAG 530

Sold prices and rental history: sold twice, last in August 2024, and rented once, from November 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 9 August 2024
Last soldAED 800K9 August 2024
Current rentAED 42K /yr3 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, MAG 530

What is 101 worth today?

Last sold for AED 800,000 in 2024

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9 Aug 2024SoldReady
AED 800,000AED 772 per sqft
3 Nov 2019RentedNew contract
AED 42,000/yr12 months · AED 41 per sqft
5 Jan 2017Sold by developerOff-plan
AED 855,555AED 825 per sqft

Source: Dubai Land Department. Updated 9 August 2024.

Key facts

Type
2-bed apartment
Size
1,036 sqft
Floor
1st of 6
Parking
G-01
Developer
MAG
Completed
2020
Service charge
AED 16,700 /yr
Last sold
AED 800K · August 2024
Building
MAG 530

About 101, MAG 530

101 is a two-bedroom apartment of 1,036 sqft on the 1st floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 9 August 2024 for AED 800,000, or AED 772 per sqft.

One Ejari contract is registered, from 3 November 2019. The current contract, signed on 3 November 2019, is AED 42,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 16,700 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical two-bed in MAG 530
800K900K2017202020232026Typical sale price by year: 2017 AED 835,555; 2018 AED 820,000; 2025 AED 925,000Sold by developer, January 2017: AED 855,555 (AED 825 per sqft)Sold, August 2024: AED 800,000 (AED 772 per sqft)

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

Rents
Unit 101, each contractTypical two-bed in MAG 530
40K60K20192021202320252027Typical rent by year: 2019 AED 45,000; 2020 AED 40,000; 2021 AED 43,000; 2022 AED 44,000; 2023 AED 47,000; 2024 AED 67,000; 2026 AED 67,000New contract, November 2019: AED 42,000 a year

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

2-beds in MAG 530, and where 101 sits

All 12 2-beds →

Over the last 12 months two-beds sold for AED 795,000 to 1,150,000, around AED 1,046 per sqft, and rent for AED 62,000 to 80,000 a year. 101's AED 42,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Mar 20261,085,000
5 Jan 20261,150,000
18 Nov 2025795,000
16 Jun 20251,150,000
3 2-bed sales in the last 12 months

MAG 530

Building

92 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 5 sold in the last 12 months.

Typical price per sqft
AED 1,133
Typical sale
AED 795K
Typical rent
AED 50K /yr
Typical yield
7.0%
MAG 530, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 92 units in MAG 530
Value
1021-bedAED 576K · May 2017
103StudioAED 456K · Jun 2018
1041-bedAED 541K · Mar 2017
1052-bedNo registered sale
1061-bedAED 566K · May 2017
107StudioAED 440K · Jul 2018
1081-bedAED 529K · Sep 2018
1–7 of 14

101, MAG 530 in numbers

  • Sold twice: first on 5 January 2017 for AED 855,555, last on 9 August 2024 for AED 800,000 (AED 772 per sqft).
  • Rented since November 2019 on one Ejari contract, at AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 16,700 a year (AED 16.14 per sqft).
  • Two-beds in MAG 530 sold for AED 795,000–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,133 per sqft.

Source: Dubai Land Department. Updated 9 August 2024.

Questions about 101, MAG 530

What did unit 101 last sell for?

AED 800,000 on 9 August 2024: AED 772 per sqft for 1,036 sqft. The unit has 2 registered sales; the first was AED 855,555 in January 2017.

What is the rent for unit 101?

AED 42,000 a year on the contract signed on 3 November 2019.

How big is unit 101?

1,036 sqft (96.2 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 101 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 530 sold for AED 795,000 to 1,150,000 in the last 12 months, around AED 1,046 per sqft.

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Mortgage on 101, MAG 530

Starts from the last sale price (AED 800K, 9 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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