308, MAG 540
Sold prices and rental history: sold once, by the developer in June 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 308, MAG 540
What is 308 worth today?
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Source: Dubai Land Department. Updated 12 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 640 sqft
- Floor
- 3rd of 6
- Parking
- G-36
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 551K · June 2016
- Building
- MAG 540
About 308, MAG 540
308 is a one-bedroom apartment of 640 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 7 June 2016 for AED 550,957, or AED 860 per sqft, in line with the AED 857 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, renewed on 12 February 2026, is AED 77,333 a year: a gross yield of 14.0% on the 2016 price, before the service charge of about AED 10,000 a year.
Sales and rents for 308 over time
308 has sold once; the dashed line is the one-bed median of each year in the building.
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 308 sits
All 48 1-beds →308 last sold in June 2016 at AED 860 per sqft, in line with what one-beds in MAG 540 were fetching at the time (AED 857). 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. 308's AED 77,333 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Sep 202625 September 2026 | 665 sqft | 740,000 | 1,112 | ||
| 16 Mar 202616 March 2026 | 640 sqft | 760,000 | 1,187 | ||
| 5 Mar 20265 March 2026 | 665 sqft | 790,000 | 1,187 | ||
| 26 Feb 202626 February 2026 | 665 sqft | 800,000 | 1,202 |
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 | ||
| 307 | Studio | 476 sqft | AED 396KAED 395,555 · Jul 2016July 2016 | 27,000 /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 |
308, MAG 540 in numbers
- Sold once: by MAG on 7 June 2016 for AED 550,957, or AED 860 per sqft.
- Rented since January 2020 on 8 Ejari contracts, from AED 34,000 to AED 77,333 a year.
- At AED 77,333 a year the gross yield on the 2016 price is 14.0%, 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 12 February 2026.
Questions about 308, MAG 540
What did unit 308 last sell for?
AED 550,957 on 7 June 2016, sold by the developer: AED 860 per sqft for 640 sqft. It is the only registered sale of the unit.
What is the rent for unit 308?
AED 77,333 a year on the contract renewed on 12 February 2026. The previous contract, from February 2025, was AED 64,000; the unit has been rented since January 2020.
How big is unit 308?
640 sqft (59.5 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 308 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 308, MAG 540
Starts from the last sale price (AED 551K, 7 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 550,957
- Deposit, UAE resident (20%)
- AED 110,191
- Deposit, non-resident (40%)
- AED 220,383
- Monthly over 25 years at 3.7%
- AED 2,254
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →