2-bed · 1,040 sqftMAG 535, Dubai South · 3rd floor · completed 2020

301, MAG 535

Sold prices and rental history: sold once, by the developer in April 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 30 January 2026
Last soldAED 818K28 April 2016
Current rentAED 75K /yr30 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, MAG 535

What is 301 worth today?

Last sold for AED 818,000 in 2016

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30 Jan 2026RentedRenewal
AED 75,000/yr12 months · AED 72 per sqft
30 Jan 2025RentedNew contract
AED 75,000/yr12 months · AED 72 per sqft
30 Jan 2025RentedNew contract
AED 75,000/yr12 months · AED 72 per sqft
12 Dec 2023RentedNew contract
AED 65,000/yr12 months · AED 62 per sqft
1 May 2021RentedNew contract
AED 38,500/yr14 months · AED 37 per sqft
1 Jul 2019RentedNew contract
AED 41,000/yr12 months · AED 39 per sqft
28 Apr 2016Sold by developerOff-plan
AED 818,000AED 786 per sqft

Source: Dubai Land Department. Updated 30 January 2026.

Key facts

Type
2-bed apartment
Size
1,040 sqft
Floor
3rd of 6
Parking
G-29
Developer
MAG
Completed
2020
Service charge
AED 15,800 /yr
Last sold
AED 818K · April 2016
Building
MAG 535

About 301, MAG 535

301 is a two-bedroom apartment of 1,040 sqft on the 3rd floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 28 April 2016 for AED 818,000, or AED 786 per sqft, 5% below the AED 827 two-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 30 January 2026, is AED 75,000 a year: a gross yield of 9.2% on the 2016 price, before the service charge of about AED 15,800 a year.

Sales and rents for 301 over time

Sales
Unit 301, 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, April 2016: AED 818,000 (AED 786 per sqft)

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

Rents
Unit 301, each contractTypical two-bed in MAG 535
40K60K80K20192021202320252027Typical 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, July 2019: AED 41,000 a yearNew contract, May 2021: AED 38,500 a yearNew contract, December 2023: AED 65,000 a yearNew contract, January 2025: AED 75,000 a yearNew contract, January 2025: AED 75,000 a yearRenewal, January 2026: AED 75,000 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 301 sits

All 24 2-beds →

301 last sold in April 2016 at AED 786 per sqft, 5% below what two-beds in MAG 535 were fetching at the time (AED 827). 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. 301's AED 75,000 is at the top 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 3rd floor

All 86 units in MAG 535
Value
3021-bedAED 590K · Sep 2024
303StudioAED 300K · Jan 2022
3041-bedAED 511K · Dec 2016
3052-bedNo registered sale
3061-bedAED 650K · Oct 2025
307StudioAED 399K · May 2016
3081-bedAED 400K · Sep 2023
1–7 of 13

301, MAG 535 in numbers

  • Sold once: by MAG on 28 April 2016 for AED 818,000, or AED 786 per sqft.
  • Rented since July 2019 on 6 Ejari contracts, from AED 41,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2016 price is 9.2%, before a service charge of about AED 15,800 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 30 January 2026.

Questions about 301, MAG 535

What did unit 301 last sell for?

AED 818,000 on 28 April 2016, sold by the developer: AED 786 per sqft for 1,040 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 75,000 a year on the contract renewed on 30 January 2026. The previous contract, from January 2025, was AED 75,000; the unit has been rented since July 2019.

How big is unit 301?

1,040 sqft (96.6 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 301 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 301, MAG 535

Starts from the last sale price (AED 818K, 28 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 818,000
Deposit, UAE resident (20%)
AED 163,600
Deposit, non-resident (40%)
AED 327,200
Monthly over 25 years at 3.7%
AED 3,347

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