408, MAG 530
Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, MAG 530
What is 408 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 25 August 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 638 sqft
- Floor
- 4th of 6
- Parking
- G-54
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,300 /yr
- Last sold
- AED 575K · August 2024
- Building
- MAG 530
About 408, MAG 530
408 is a one-bedroom apartment of 638 sqft on the 4th floor of MAG 530, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 August 2024 for AED 575,000, or AED 900 per sqft, 13% above the AED 799 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 25 August 2025, is AED 39,360 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 10,300 a year.
Sales and rents for 408 over time
408 has sold twice; 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 530, and where 408 sits
All 66 1-beds →408 last sold in August 2024 at AED 900 per sqft, 13% above what one-beds in MAG 530 were fetching at the time (AED 799). 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. 408's AED 39,360 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Dec 202529 December 2025 | 638 sqft | 745,000 | 1,166 | ||
| 20 Aug 202520 August 2025 | 663 sqft | 690,000 | 1,041 | ||
| 12 Aug 202512 August 2025 | 666 sqft | 730,000 | 1,096 | ||
| 30 May 202530 May 2025 | 638 sqft | 700,000 | 1,096 |
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 | |
| 407 | Studio | 473 sqft | AED 456KAED 455,555 · Dec 2016December 2016 | 35,000 /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 |
408, MAG 530 in numbers
- Sold twice: first on 3 January 2019 for AED 532,797, last on 23 August 2024 for AED 575,000 (AED 900 per sqft).
- Rented since November 2019 on 6 Ejari contracts. The rent fell from AED 45,000 to AED 33,000 in 2020 and recovered to AED 39,360 by August 2025.
- At AED 39,360 a year the gross yield on the 2024 price is 6.9%, 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 25 August 2025.
Questions about 408, MAG 530
What did unit 408 last sell for?
AED 575,000 on 23 August 2024: AED 900 per sqft for 638 sqft. The unit has 2 registered sales; the first was AED 532,797 in January 2019.
What is the rent for unit 408?
AED 39,360 a year on the contract renewed on 25 August 2025. The previous contract, from August 2024, was AED 41,000; the unit has been rented since November 2019.
How big is unit 408?
638 sqft (59.3 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 408 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.
Selling 408? 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 408, MAG 530
Starts from the last sale price (AED 575K, 23 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 575,000
- Deposit, UAE resident (20%)
- AED 115,000
- Deposit, non-resident (40%)
- AED 230,000
- Monthly over 25 years at 3.7%
- AED 2,353
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →