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1-bed · 638 sqftMAG 530, Dubai South · 3rd floor · completed 2020

309, MAG 530

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

Unit 309 · DLD and Ejari recordsUpdated 29 May 2024
Last soldAED 580K29 May 2024
Current rentAED 30K /yr1 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, MAG 530

What is 309 worth today?

Last sold for AED 580,000 in 2024

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29 May 2024SoldReady
AED 580,000AED 909 per sqft
1 Dec 2020RentedRenewal
AED 30,000/yr12 months · AED 47 per sqft
1 Dec 2019RentedNew contract
AED 36,000/yr12 months · AED 57 per sqft
14 Jun 2017Sold by developerOff-plan
AED 537,777AED 843 per sqft

Source: Dubai Land Department. Updated 29 May 2024.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
3rd of 6
Parking
G-71
Developer
MAG
Completed
2020
Service charge
AED 10,300 /yr
Last sold
AED 580K · May 2024
Building
MAG 530

About 309, MAG 530

309 is a one-bedroom apartment of 638 sqft on the 3rd floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 29 May 2024 for AED 580,000, or AED 909 per sqft, 17% above the AED 775 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 1 December 2020, is AED 30,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 10,300 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in MAG 530
500K600K700K2017202020232026Typical sale price by year: 2017 AED 549,000; 2018 AED 545,555; 2019 AED 536,812; 2023 AED 497,500; 2024 AED 530,000; 2025 AED 670,000Sold by developer, June 2017: AED 537,777 (AED 843 per sqft)Sold, May 2024: AED 580,000 (AED 909 per sqft)

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

Rents
Unit 309, each contractTypical one-bed in MAG 530
40K20192021202320252027Typical rent by year: 2019 AED 30,000; 2020 AED 28,000; 2021 AED 26,500; 2022 AED 29,000; 2023 AED 32,000; 2024 AED 40,000; 2025 AED 50,400; 2026 AED 50,000New contract, December 2019: AED 36,000 a yearRenewal, December 2020: AED 30,000 a year

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

1-beds in MAG 530, and where 309 sits

All 66 1-beds →

309 last sold in May 2024 at AED 909 per sqft, 17% above what one-beds in MAG 530 were fetching at the time (AED 775). Over the last 12 months one-beds sold for AED 745,000, around AED 1,166 per sqft, and rent for AED 35,490 to 65,000 a year. 309's AED 30,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Dec 2025745,000
20 Aug 2025690,000
12 Aug 2025730,000
30 May 2025700,000
1 1-bed sale 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 3rd floor

All 92 units in MAG 530
Value
3012-bedAED 816K · Jul 2017
3021-bedAED 566K · Nov 2017
303StudioAED 320K · Jul 2023
3041-bedAED 547K · Mar 2017
3052-bedAED 719K · Mar 2023
3061-bedAED 536K · Apr 2017
307StudioAED 456K · Jan 2017
1–7 of 14

309, MAG 530 in numbers

  • Sold twice: first on 14 June 2017 for AED 537,777, last on 29 May 2024 for AED 580,000 (AED 909 per sqft).
  • Rented since December 2019 on 2 Ejari contracts, from AED 36,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 10,300 a year (AED 16.14 per sqft).
  • One-beds in MAG 530 sold for AED 745,000–745,000 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 29 May 2024.

Questions about 309, MAG 530

What did unit 309 last sell for?

AED 580,000 on 29 May 2024: AED 909 per sqft for 638 sqft. The unit has 2 registered sales; the first was AED 537,777 in June 2017.

What is the rent for unit 309?

AED 30,000 a year on the contract renewed on 1 December 2020. The previous contract, from December 2019, was AED 36,000.

How big is unit 309?

638 sqft (59.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 530 sold for AED 745,000 to 745,000 in the last 12 months, around AED 1,166 per sqft.

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Mortgage on 309, MAG 530

Starts from the last sale price (AED 580K, 29 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 580,000
Deposit, UAE resident (20%)
AED 116,000
Deposit, non-resident (40%)
AED 232,000
Monthly over 25 years at 3.7%
AED 2,373

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