2-bed · 966 sqftMAG 535, Dubai South · 1st floor · completed 2020

114, MAG 535

Sold prices and rental history: sold once, by the developer in November 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 114 · DLD and Ejari recordsUpdated 31 August 2026
Last soldAED 747K7 November 2018
Current rentAED 60K /yr31 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 114, MAG 535

What is 114 worth today?

Last sold for AED 746,760 in 2018

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31 Aug 2026RentedRenewal
AED 60,000/yr12 months · AED 63 per sqft
31 Aug 2025RentedRenewal
AED 60,000/yr12 months · AED 63 per sqft
31 Aug 2024RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
15 Aug 2022RentedNew contract
AED 38,000/yr12 months · AED 39 per sqft
15 Aug 2021RentedNew contract
AED 37,000/yr12 months · AED 38 per sqft
1 Jan 2021RentedRenewal
AED 40,000/yr12 months · AED 42 per sqft
1 Jan 2020RentedNew contract
AED 42,000/yr12 months · AED 43 per sqft
7 Nov 2018Sold by developerOff-plan
AED 746,760AED 773 per sqft

Source: Dubai Land Department. Updated 31 August 2026.

Key facts

Type
2-bed apartment
Size
966 sqft
Floor
1st of 6
Parking
G-14
Developer
MAG
Completed
2020
Service charge
AED 14,700 /yr
Last sold
AED 747K · November 2018
Building
MAG 535

About 114, MAG 535

114 is a two-bedroom apartment of 966 sqft on the 1st floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 7 November 2018 for AED 746,760, or AED 773 per sqft, in line with the AED 762 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 31 August 2026, is AED 60,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 14,700 a year.

Sales and rents for 114 over time

Sales
Unit 114, each saleTypical two-bed in MAG 535
800K1M2016201920222025Typical sale price by year: 2016 AED 799,000; 2018 AED 765,524; 2019 AED 799,000; 2025 AED 1,000,000Sold by developer, November 2018: AED 746,760 (AED 773 per sqft)

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

Rents
Unit 114, each contractTypical two-bed in MAG 535
40K60K201920222025Typical rent by year: 2019 AED 43,000; 2020 AED 39,500; 2021 AED 37,513; 2022 AED 39,900; 2023 AED 47,730; 2024 AED 55,650; 2025 AED 65,000; 2026 AED 65,750New contract, January 2020: AED 42,000 a yearRenewal, January 2021: AED 40,000 a yearNew contract, August 2021: AED 37,000 a yearNew contract, August 2022: AED 38,000 a yearNew contract, August 2024: AED 50,000 a yearRenewal, August 2025: AED 60,000 a yearRenewal, August 2026: AED 60,000 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 535, and where 114 sits

All 24 2-beds →

114 last sold in November 2018 at AED 773 per sqft, in line with what two-beds in MAG 535 were fetching at the time (AED 762). Over the last 12 months two-beds sold for AED 1,025,000 to 1,060,000, around AED 1,020 per sqft, and rent for AED 54,790 to 75,000 a year. 114's AED 60,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Jul 20261,025,000
12 Feb 20261,060,000
28 Nov 20251,025,000
2 Oct 20251,000,000
3 2-bed sales in the last 12 months

MAG 535

Building

86 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 7 sold in the last 12 months.

Typical price per sqft
AED 1,036
Typical sale
AED 1.03M
Typical rent
AED 55K /yr
Typical yield
7.6%
MAG 535, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 86 units in MAG 535
Value
1012-bedAED 799K · Feb 2019
1021-bedAED 690K · Sep 2026
103StudioAED 380K · Sep 2018
1041-bedAED 556K · Jul 2016
1052-bedAED 1.03M · Jul 2026
1061-bedAED 640K · Sep 2024
107StudioAED 330K · Dec 2023
1–7 of 13

114, MAG 535 in numbers

  • Sold once: by MAG on 7 November 2018 for AED 746,760, or AED 773 per sqft.
  • Rented since January 2020 on 7 Ejari contracts. The rent fell from AED 42,000 to AED 37,000 in 2021 and recovered to AED 60,000 by August 2026.
  • At AED 60,000 a year the gross yield on the 2018 price is 8.0%, before a service charge of about AED 14,700 a year (AED 15.24 per sqft).
  • Two-beds in MAG 535 sold for AED 1,025,000–1,060,000 in the 12 months to November 2026; the building's median across all types is AED 1,036 per sqft.

Source: Dubai Land Department. Updated 31 August 2026.

Questions about 114, MAG 535

What did unit 114 last sell for?

AED 746,760 on 7 November 2018, sold by the developer: AED 773 per sqft for 966 sqft. It is the only registered sale of the unit.

What is the rent for unit 114?

AED 60,000 a year on the contract renewed on 31 August 2026. The previous contract, from August 2025, was AED 60,000; the unit has been rented since January 2020.

How big is unit 114?

966 sqft (89.7 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 114 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 535 sold for AED 1,025,000 to 1,060,000 in the last 12 months, around AED 1,020 per sqft.

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Mortgage on 114, MAG 535

Starts from the last sale price (AED 747K, 7 November 2018). Switch to today's estimate once you have unlocked it.
Price
AED 746,760
Deposit, UAE resident (20%)
AED 149,352
Deposit, non-resident (40%)
AED 298,704
Monthly over 25 years at 3.7%
AED 3,055

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