307, MAG 540
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 307, MAG 540
What is 307 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 25 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 3rd of 6
- Parking
- G-35
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 396K · July 2016
- Building
- MAG 540
About 307, MAG 540
307 is a studio of 476 sqft on the 3rd floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 10 July 2016 for AED 395,555, or AED 830 per sqft, in line with the AED 841 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 25 March 2024, is AED 27,000 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 7,500 a year.
Sales and rents for 307 over time
307 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 540, and where 307 sits
All 12 studios →307 last sold in July 2016 at AED 830 per sqft, in line with what studios in MAG 540 were fetching at the time (AED 841). 307's AED 27,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jun 20239 June 2023 | 476 sqft | 300,000 | 630 | ||
| 18 Apr 202318 April 2023 | 476 sqft | 302,000 | 634 | ||
| 13 Mar 202313 March 2023 | 476 sqft | 270,000 | 567 | ||
| 28 Dec 202228 December 2022 | 476 sqft | 275,000 | 577 |
MAG 540
Building85 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%
Other units on the 3rd floor
All 85 units in MAG 540| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,039 sqft | AED 750KAED 750,000 · Mar 2019March 2019 | ||
| 302 | 1-bed | 665 sqft | AED 800KAED 800,000 · Feb 2026February 2026 | 58,000 /yr | |
| 303 | Studio | 476 sqft | AED 270KAED 270,000 · Sep 2022September 2022 | 38,000 /yr | |
| 304 | 1-bed | 640 sqft | AED 700KAED 700,000 · Jun 2025June 2025 | 57,093 /yr | |
| 305 | 2-bed | 1,005 sqft | AED 1.15MAED 1,150,000 · May 2025May 2025 | 96,000 /yr | |
| 306 | 1-bed | 665 sqft | AED 390KAED 390,000 · Nov 2021November 2021 | ||
| 308 | 1-bed | 640 sqft | AED 551KAED 550,957 · Jun 2016June 2016 | 77,333 /yr | |
| 309 | 1-bed | 640 sqft | AED 600KAED 600,000 · Feb 2025February 2025 | 60,000 /yr | |
| 310 | 1-bed | 638 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | 72,500 /yr | |
| 311 | 1-bed | 636 sqft | AED 440KAED 440,000 · Aug 2023August 2023 | 53,500 /yr | |
| 312 | 1-bed | 638 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | 50,000 /yr | |
| 313 | 2-bed | 963 sqft | AED 685KAED 685,000 · Sep 2022September 2022 | 75,000 /yr | |
| 314 | 2-bed | 963 sqft | AED 740KAED 740,000 · Mar 2018March 2018 | 53,000 /yr |
307, MAG 540 in numbers
- Sold once: by MAG on 10 July 2016 for AED 395,555, or AED 830 per sqft.
- Rented since March 2020 on 4 Ejari contracts. The rent fell from AED 27,000 to AED 23,000 in 2022 and recovered to AED 27,000 by March 2024.
- At AED 27,000 a year the gross yield on the 2016 price is 6.8%, before a service charge of about AED 7,500 a year (AED 15.65 per sqft).
Source: Dubai Land Department. Updated 25 March 2024.
Questions about 307, MAG 540
What did unit 307 last sell for?
AED 395,555 on 10 July 2016, sold by the developer: AED 830 per sqft for 476 sqft. It is the only registered sale of the unit.
What is the rent for unit 307?
AED 27,000 a year on the contract signed on 25 March 2024. The previous contract, from March 2022, was AED 23,000; the unit has been rented since March 2020.
How big is unit 307?
476 sqft (44.2 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 307 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 307? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 307, MAG 540
Starts from the last sale price (AED 396K, 10 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 395,555
- Deposit, UAE resident (20%)
- AED 79,111
- Deposit, non-resident (40%)
- AED 158,222
- Monthly over 25 years at 3.7%
- AED 1,618
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →