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1-bed · 636 sqftMAG 540, Dubai South · 1st floor · completed 2020

111, MAG 540

Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 20 November 2022
Last soldAED 549K8 May 2016
Current rentAED 30K /yr20 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 111, MAG 540

What is 111 worth today?

Last sold for AED 549,000 in 2016

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20 Nov 2022RentedNew contract
AED 30,000/yr12 months · AED 47 per sqft
15 May 2022RentedRenewal
AED 26,000/yr12 months · AED 41 per sqft
15 May 2021RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft
1 Mar 2020RentedNew contract
AED 30,000/yr12 months · AED 47 per sqft
8 May 2016Sold by developerOff-plan
AED 549,000AED 863 per sqft

Source: Dubai Land Department. Updated 20 November 2022.

Key facts

Type
1-bed apartment
Size
636 sqft
Floor
1st of 6
Parking
G-11
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 549K · May 2016
Building
MAG 540

About 111, MAG 540

111 is a one-bedroom apartment of 636 sqft on the 1st floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 8 May 2016 for AED 549,000, or AED 863 per sqft, 13% above the AED 763 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 20 November 2022, is AED 30,000 a year: a gross yield of 5.5% on the 2016 price, before the service charge of about AED 10,000 a year.

Sales and rents for 111 over time

Sales
Unit 111, each saleTypical one-bed in MAG 540
400K600K800K2016201920222025Typical sale price by year: 2016 AED 549,000; 2022 AED 423,742; 2023 AED 445,000; 2024 AED 600,000; 2025 AED 685,000; 2026 AED 775,000Sold by developer, May 2016: AED 549,000 (AED 863 per sqft)

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

Rents
Unit 111, each contractTypical one-bed in MAG 540
20K40K60K20192021202320252027Typical rent by year: 2019 AED 30,000; 2020 AED 33,000; 2021 AED 30,000; 2022 AED 35,000; 2023 AED 38,000; 2024 AED 44,000; 2025 AED 57,571; 2026 AED 58,000New contract, March 2020: AED 30,000 a yearNew contract, May 2021: AED 24,000 a yearRenewal, May 2022: AED 26,000 a yearNew contract, November 2022: AED 30,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 540, and where 111 sits

All 48 1-beds →

111 last sold in May 2016 at AED 863 per sqft, 13% above what one-beds in MAG 540 were fetching at the time (AED 763). Over the last 12 months one-beds sold for AED 740,000 to 800,000, around AED 1,187 per sqft, and rent for AED 15,000 to 77,500 a year. 111's AED 30,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Sep 2026740,000
16 Mar 2026760,000
5 Mar 2026790,000
26 Feb 2026800,000
4 1-bed sales in the last 12 months

MAG 540

Building

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

Typical price per sqft
AED 1,150
Typical sale
AED 795K
Typical rent
AED 58K /yr
Typical yield
7.5%
MAG 540, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 85 units in MAG 540
Value
1012-bedNo registered sale
1021-bedAED 551K · Jun 2016
103StudioAED 270K · Mar 2023
1041-bedAED 610K · Jun 2024
1052-bedNo registered sale
1061-bedAED 790K · Mar 2026
107StudioAED 381K · Jul 2016
1–7 of 13

111, MAG 540 in numbers

  • Sold once: by MAG on 8 May 2016 for AED 549,000, or AED 863 per sqft.
  • Rented since March 2020 on 4 Ejari contracts. The rent fell from AED 30,000 to AED 24,000 in 2021 and recovered to AED 30,000 by November 2022.
  • At AED 30,000 a year the gross yield on the 2016 price is 5.5%, before a service charge of about AED 10,000 a year (AED 15.65 per sqft).
  • One-beds in MAG 540 sold for AED 740,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 1,150 per sqft.

Source: Dubai Land Department. Updated 20 November 2022.

Questions about 111, MAG 540

What did unit 111 last sell for?

AED 549,000 on 8 May 2016, sold by the developer: AED 863 per sqft for 636 sqft. It is the only registered sale of the unit.

What is the rent for unit 111?

AED 30,000 a year on the contract signed on 20 November 2022. The previous contract, from May 2022, was AED 26,000; the unit has been rented since March 2020.

How big is unit 111?

636 sqft (59.1 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 111 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 540 sold for AED 740,000 to 800,000 in the last 12 months, around AED 1,187 per sqft.

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Mortgage on 111, MAG 540

Starts from the last sale price (AED 549K, 8 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 549,000
Deposit, UAE resident (20%)
AED 109,800
Deposit, non-resident (40%)
AED 219,600
Monthly over 25 years at 3.7%
AED 2,246

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