407, MAG 535
Sold prices and rental history: sold once, by the developer in June 2016, and rented once, from July 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, MAG 535
What is 407 worth today?
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Source: Dubai Land Department. Updated 15 July 2020.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 4th of 6
- Parking
- G-50
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,200 /yr
- Last sold
- AED 394K · June 2016
- Building
- MAG 535
About 407, MAG 535
407 is a studio of 473 sqft on the 4th floor of MAG 535, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 28 June 2016 for AED 393,555, or AED 831 per sqft, in line with the AED 831 studios in the building were fetching at the time.
One Ejari contract is registered, from 15 July 2020. The current contract, signed on 15 July 2020, is AED 22,000 a year: a gross yield of 5.6% on the 2016 price, before the service charge of about AED 7,200 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 535, and where 407 sits
All 12 studios →407 last sold in June 2016 at AED 831 per sqft, in line with what studios in MAG 535 were fetching at the time (AED 831). 407's AED 22,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Dec 202419 December 2024 | 476 sqft | 540,000 | 1,133 | ||
| 20 Dec 202320 December 2023 | 473 sqft | 330,000 | 697 | ||
| 26 Jul 202326 July 2023 | 476 sqft | 275,000 | 577 | ||
| 19 Jan 202219 January 2022 | 476 sqft | 300,000 | 629 |
MAG 535
Building86 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%
Other units on the 4th floor
All 86 units in MAG 535| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,040 sqft | AED 840KAED 840,000 · Apr 2016April 2016 | 65,000 /yr | |
| 402 | 1-bed | 655 sqft | AED 549KAED 549,000 · May 2016May 2016 | 38,500 /yr | |
| 403 | Studio | 476 sqft | No registered sale | 50,000 /yr | |
| 404 | 1-bed | 642 sqft | AED 570KAED 570,000 · Apr 2018April 2018 | 52,000 /yr | |
| 405 | 2-bed | 993 sqft | AED 791KAED 790,555 · Jul 2016July 2016 | 54,790 /yr | |
| 406 | 1-bed | 655 sqft | AED 549KAED 549,000 · May 2016May 2016 | 38,400 /yr | |
| 408 | 1-bed | 642 sqft | AED 480KAED 480,000 · Feb 2022February 2022 | 48,000 /yr | |
| 409 | 1-bed | 638 sqft | AED 386KAED 386,000 · Aug 2022August 2022 | 58,000 /yr | |
| 410 | 1-bed | 638 sqft | AED 549KAED 549,000 · May 2016May 2016 | 37,000 /yr | |
| 411 | 1-bed | 634 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | 47,000 /yr | |
| 412 | 1-bed | 637 sqft | AED 700KAED 700,000 · Jan 2026January 2026 | 60,000 /yr | |
| 413 | 2-bed | 966 sqft | AED 781KAED 780,555 · Jan 2019January 2019 | 75,000 /yr | |
| 414 | 2-bed | 966 sqft | AED 781KAED 780,555 · Oct 2017October 2017 | 60,500 /yr |
407, MAG 535 in numbers
- Sold once: by MAG on 28 June 2016 for AED 393,555, or AED 831 per sqft.
- Rented since July 2020 on one Ejari contract, at AED 22,000 a year.
- At AED 22,000 a year the gross yield on the 2016 price is 5.6%, before a service charge of about AED 7,200 a year (AED 15.24 per sqft).
Source: Dubai Land Department. Updated 15 July 2020.
Questions about 407, MAG 535
What did unit 407 last sell for?
AED 393,555 on 28 June 2016, sold by the developer: AED 831 per sqft for 473 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 22,000 a year on the contract signed on 15 July 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.
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Mortgage on 407, MAG 535
Starts from the last sale price (AED 394K, 28 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 393,555
- Deposit, UAE resident (20%)
- AED 78,711
- Deposit, non-resident (40%)
- AED 157,422
- Monthly over 25 years at 3.7%
- AED 1,610
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →