407, MAG 530
Sold prices and rental history: sold once, by the developer in December 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 407, MAG 530
What is 407 worth today?
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Source: Dubai Land Department. Updated 31 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 4th of 6
- Parking
- G-53
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,600 /yr
- Last sold
- AED 456K · December 2016
- Building
- MAG 530
About 407, MAG 530
407 is a studio of 473 sqft on the 4th floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 December 2016 for AED 455,555, or AED 962 per sqft.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 31 December 2025, is AED 35,000 a year: a gross yield of 7.7% on the 2016 price, before the service charge of about AED 7,600 a year.
Sales and rents for 407 over time
407 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 530, and where 407 sits
All 12 studios →Over the last 12 months studios sold for AED 540,000, around AED 1,133 per sqft, and rent for AED 30,000 to 48,000 a year. 407's AED 35,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Dec 202518 December 2025 | 476 sqft | 540,000 | 1,133 | ||
| 27 Sep 202427 September 2024 | 476 sqft | 455,000 | 955 | ||
| 27 Sep 202327 September 2023 | 476 sqft | 335,000 | 703 | ||
| 4 Jul 20234 July 2023 | 476 sqft | 320,000 | 671 |
MAG 530
Building92 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%
Other units on the 4th floor
All 92 units in MAG 530| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,036 sqft | AED 816KAED 815,555 · Jul 2017July 2017 | 74,550 /yr | |
| 402 | 1-bed | 666 sqft | AED 730KAED 730,000 · Aug 2025August 2025 | 60,000 /yr | |
| 403 | Studio | 476 sqft | AED 404KAED 404,397 · Aug 2017August 2017 | 28,200 /yr | |
| 404 | 1-bed | 638 sqft | AED 516KAED 515,555 · Aug 2018August 2018 | 42,000 /yr | |
| 405 | 2-bed | 1,005 sqft | AED 1.15MAED 1,150,000 · Jun 2025June 2025 | 68,500 /yr | |
| 406 | 1-bed | 666 sqft | AED 541KAED 540,555 · Mar 2017March 2017 | 55,000 /yr | |
| 408 | 1-bed | 638 sqft | AED 575KAED 575,000 · Aug 2024August 2024 | 39,360 /yr | |
| 409 | 1-bed | 638 sqft | AED 413KAED 413,000 · Jun 2024June 2024 | 50,000 /yr | |
| 410 | 1-bed | 638 sqft | AED 625KAED 625,000 · May 2025May 2025 | 49,000 /yr | |
| 411 | 1-bed | 623 sqft | AED 528KAED 527,522 · Aug 2017August 2017 | 30,000 /yr | |
| 412 | 1-bed | 624 sqft | AED 556KAED 555,500 · Jul 2017July 2017 | 52,000 /yr | |
| 413 | 1-bed | 654 sqft | AED 550KAED 550,000 · Aug 2017August 2017 | 29,000 /yr | |
| 414 | 1-bed | 654 sqft | AED 550KAED 550,000 · May 2023May 2023 | 46,000 /yr | |
| 415 | 1-bed | 663 sqft | AED 560KAED 560,000 · Jan 2018January 2018 | 34,000 /yr |
407, MAG 530 in numbers
- Sold once: by MAG on 26 December 2016 for AED 455,555, or AED 962 per sqft.
- Rented since August 2020 on 6 Ejari contracts, from AED 22,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2016 price is 7.7%, before a service charge of about AED 7,600 a year (AED 16.14 per sqft).
- Studios in MAG 530 sold for AED 540,000–540,000 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 31 December 2025.
Questions about 407, MAG 530
What did unit 407 last sell for?
AED 455,555 on 26 December 2016, sold by the developer: AED 962 per sqft for 473 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 35,000 a year on the contract renewed on 31 December 2025. The previous contract, from January 2025, was AED 35,000; the unit has been rented since August 2020.
How big is unit 407?
473 sqft (43.9 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 530 sold for AED 540,000 to 540,000 in the last 12 months, around AED 1,133 per sqft.
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Mortgage on 407, MAG 530
Starts from the last sale price (AED 456K, 26 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 455,555
- Deposit, UAE resident (20%)
- AED 91,111
- Deposit, non-resident (40%)
- AED 182,222
- Monthly over 25 years at 3.7%
- AED 1,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →