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1-bed · 636 sqftMAG 540, Dubai South · 3rd floor · completed 2020

311, MAG 540

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 1 May 2026
Last soldAED 440K17 August 2023
Current rentAED 54K /yr1 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, MAG 540

What is 311 worth today?

Last sold for AED 440,000 in 2023

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1 May 2026RentedNew contract
AED 53,500/yr12 months · AED 84 per sqft
15 Mar 2024RentedNew contract
AED 37,000/yr12 months · AED 58 per sqft
17 Aug 2023SoldReady
AED 440,000AED 691 per sqft
15 Mar 2023RentedNew contract
AED 33,000/yr12 months · AED 52 per sqft
12 Mar 2022RentedNew contract
AED 26,000/yr12 months · AED 41 per sqft
5 Jun 2016Sold by developerOff-plan
AED 530,555AED 834 per sqft

Source: Dubai Land Department. Updated 1 May 2026.

Key facts

Type
1-bed apartment
Size
636 sqft
Floor
3rd of 6
Parking
G-39
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 440K · August 2023
Building
MAG 540

About 311, MAG 540

311 is a one-bedroom apartment of 636 sqft on the 3rd floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 17 August 2023 for AED 440,000, or AED 691 per sqft, in line with the AED 707 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 May 2026, is AED 53,500 a year: a gross yield of 12.2% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, June 2016: AED 530,555 (AED 834 per sqft)Sold, August 2023: AED 440,000 (AED 691 per sqft)

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

Rents
Unit 311, each contractTypical one-bed in MAG 540
40K60K20192021202320252027Typical 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 2022: AED 26,000 a yearNew contract, March 2023: AED 33,000 a yearNew contract, March 2024: AED 37,000 a yearNew contract, May 2026: AED 53,500 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 311 sits

All 48 1-beds →

311 last sold in August 2023 at AED 691 per sqft, in line with what one-beds in MAG 540 were fetching at the time (AED 707). 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. 311's AED 53,500 is in the upper 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 3rd floor

All 85 units in MAG 540
Value
3012-bedAED 750K · Mar 2019
3021-bedAED 800K · Feb 2026
303StudioAED 270K · Sep 2022
3041-bedAED 700K · Jun 2025
3052-bedAED 1.15M · May 2025
3061-bedAED 390K · Nov 2021
307StudioAED 396K · Jul 2016
1–7 of 13

311, MAG 540 in numbers

  • Sold twice: first on 5 June 2016 for AED 530,555, last on 17 August 2023 for AED 440,000 (AED 691 per sqft).
  • Rented since March 2022 on 4 Ejari contracts, from AED 26,000 to AED 53,500 a year.
  • At AED 53,500 a year the gross yield on the 2023 price is 12.2%, 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 1 May 2026.

Questions about 311, MAG 540

What did unit 311 last sell for?

AED 440,000 on 17 August 2023: AED 691 per sqft for 636 sqft. The unit has 2 registered sales; the first was AED 530,555 in June 2016.

What is the rent for unit 311?

AED 53,500 a year on the contract signed on 1 May 2026. The previous contract, from March 2024, was AED 37,000; the unit has been rented since March 2022.

How big is unit 311?

636 sqft (59.1 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 311 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 311, MAG 540

Starts from the last sale price (AED 440K, 17 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

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