2-bed · 1,005 sqftMAG 540, Dubai South · 2nd floor · completed 2020

205, MAG 540

Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 205 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 750K24 August 2022
Current rentAED 60K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 205, MAG 540

What is 205 worth today?

Last sold for AED 750,000 in 2022

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1 Sep 2023RentedNew contract
AED 60,000/yr12 months · AED 60 per sqft
24 Aug 2022Sold by developerReady
AED 750,000AED 746 per sqft
1 Oct 2019RentedNew contract
AED 75,000/yr60 months · AED 75 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
2-bed apartment
Size
1,005 sqft
Floor
2nd of 6
Parking
G-19
Developer
MAG
Completed
2020
Service charge
AED 15,700 /yr
Last sold
AED 750K · August 2022
Building
MAG 540

About 205, MAG 540

205 is a two-bedroom apartment of 1,005 sqft on the 2nd floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 24 August 2022 for AED 750,000, or AED 746 per sqft, in line with the AED 744 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 September 2023, is AED 60,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 15,700 a year.

Sales and rents for 205 over time

Sales
Unit 205, each saleTypical two-bed in MAG 540
800K1M20182020202220242026Typical sale price by year: 2018 AED 745,000; 2022 AED 698,608; 2024 AED 850,000; 2025 AED 975,000Sold by developer, August 2022: AED 750,000 (AED 746 per sqft)

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

Rents
Unit 205, each contractTypical two-bed in MAG 540
40K60K80K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 60,000; 2021 AED 40,000; 2022 AED 47,138; 2023 AED 55,000; 2024 AED 58,000; 2025 AED 75,000; 2026 AED 75,000New contract, October 2019: AED 75,000 a yearNew contract, September 2023: 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 540, and where 205 sits

All 24 2-beds →

205 last sold in August 2022 at AED 746 per sqft, in line with what two-beds in MAG 540 were fetching at the time (AED 744). Over the last 12 months two-beds sold for AED 925,000 to 950,000, around AED 952 per sqft, and rent for AED 53,000 to 150,000 a year. 205's AED 60,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Oct 2026925,000
28 Nov 2025950,000
7 May 20251,150,000
4 Apr 2025975,000
2 2-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 2nd floor

All 85 units in MAG 540
Value
2012-bedAED 850K · Apr 2024
2021-bedAED 740K · Sep 2026
203StudioAED 275K · Sep 2022
2041-bedAED 546K · Jun 2016
2061-bedAED 400K · Jun 2021
207StudioAED 270K · Sep 2022
2081-bedAED 551K · Jun 2016
1–7 of 13

205, MAG 540 in numbers

  • Sold once: by MAG on 24 August 2022 for AED 750,000, or AED 746 per sqft.
  • Rented since October 2019 on 2 Ejari contracts, from AED 75,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2022 price is 8.0%, before a service charge of about AED 15,700 a year (AED 15.65 per sqft).
  • Two-beds in MAG 540 sold for AED 925,000–950,000 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 1 September 2023.

Questions about 205, MAG 540

What did unit 205 last sell for?

AED 750,000 on 24 August 2022, sold by the developer: AED 746 per sqft for 1,005 sqft. It is the only registered sale of the unit.

What is the rent for unit 205?

AED 60,000 a year on the contract signed on 1 September 2023. The previous contract, from October 2019, was AED 75,000.

How big is unit 205?

1,005 sqft (93.4 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 205 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 540 sold for AED 925,000 to 950,000 in the last 12 months, around AED 952 per sqft.

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Mortgage on 205, MAG 540

Starts from the last sale price (AED 750K, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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