406, MAG 540
Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, MAG 540
What is 406 worth today?
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Source: Dubai Land Department. Updated 19 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 665 sqft
- Floor
- 4th of 6
- Parking
- G-49
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,400 /yr
- Last sold
- AED 561K · June 2016
- Building
- MAG 540
About 406, MAG 540
406 is a one-bedroom apartment of 665 sqft on the 4th 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 560,957, or AED 856 per sqft, in line with the AED 857 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 10 Ejari contracts. The current contract, signed on 19 September 2026, is AED 76,000 a year: a gross yield of 13.6% on the 2016 price, before the service charge of about AED 10,400 a year.
Sales and rents for 406 over time
406 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 406 sits
All 48 1-beds →406 last sold in June 2016 at AED 856 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. 406's AED 76,000 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 4th floor
All 85 units in MAG 540| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,039 sqft | AED 700KAED 700,000 · Oct 2023October 2023 | 75,000 /yr | |
| 402 | 1-bed | 665 sqft | AED 680KAED 680,000 · Apr 2025April 2025 | 63,000 /yr | |
| 403 | Studio | 476 sqft | AED 401KAED 400,555 · Jul 2016July 2016 | 45,000 /yr | |
| 404 | 1-bed | 640 sqft | AED 730KAED 730,000 · Sep 2025September 2025 | 55,946 /yr | |
| 405 | 2-bed | 1,005 sqft | AED 699KAED 698,608 · Sep 2022September 2022 | 80,000 /yr | |
| 407 | Studio | 476 sqft | AED 396KAED 395,555 · Jul 2016July 2016 | 18,000 /yr | |
| 408 | 1-bed | 640 sqft | AED 467KAED 466,820 · Dec 2022December 2022 | 44,000 /yr | |
| 409 | 1-bed | 640 sqft | AED 552KAED 552,000 · Jul 2016July 2016 | 35,200 /yr | |
| 410 | 1-bed | 638 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | 77,333 /yr | |
| 411 | 1-bed | 636 sqft | AED 552KAED 552,000 · Jul 2016July 2016 | 47,000 /yr | |
| 412 | 1-bed | 638 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | 77,333 /yr | |
| 413 | 2-bed | 963 sqft | AED 1.05MAED 1,050,000 · Jan 2024January 2024 | 150,000 /yr | |
| 414 | 2-bed | 963 sqft | AED 770KAED 770,000 · Apr 2018April 2018 | 70,000 /yr |
406, MAG 540 in numbers
- Sold once: by MAG on 7 June 2016 for AED 560,957, or AED 856 per sqft.
- Rented since December 2019 on 10 Ejari contracts. The rent fell from AED 30,000 to AED 15,000 in 2026 and recovered to AED 76,000 by September 2026.
- At AED 76,000 a year the gross yield on the 2016 price is 13.6%, before a service charge of about AED 10,400 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 19 September 2026.
Questions about 406, MAG 540
What did unit 406 last sell for?
AED 560,957 on 7 June 2016, sold by the developer: AED 856 per sqft for 665 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 76,000 a year on the contract signed on 19 September 2026. The previous contract, from July 2026, was AED 15,000; the unit has been rented since December 2019.
How big is unit 406?
665 sqft (61.8 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 406 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 406, MAG 540
Starts from the last sale price (AED 561K, 7 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 560,957
- Deposit, UAE resident (20%)
- AED 112,191
- Deposit, non-resident (40%)
- AED 224,383
- Monthly over 25 years at 3.7%
- AED 2,295
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →