Studio · 476 sqftMAG 540, Dubai South · 4th floor · completed 2020

407, MAG 540

Sold prices and rental history: sold once, by the developer in July 2016, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 407 · DLD and Ejari recordsUpdated 21 December 2023

Last soldAED 396K10 July 2016

Current rentAED 18K /yr21 December 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 407, MAG 540

Today

What is 407 worth today?

Last sold for AED 395,555 in 2016

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21 Dec 2023

21 Dec 2023RentedNew contract

AED 18,000/yr12 months · AED 38 per sqft

29 Nov 2022

29 Nov 2022RentedNew contract

AED 25,000/yr12 months · AED 53 per sqft

10 Jul 2016

10 Jul 2016Sold by developerOff-plan

AED 395,555AED 830 per sqft

Source: Dubai Land Department. Updated 21 December 2023.

Key facts

Type: Studio apartment
Size: 476 sqft
Floor: 4th of 6
Parking: G-50
Developer: MAG
Completed: 2020
Service charge: AED 7,500 /yr
Last sold: AED 396K · July 2016
Building: MAG 540

About 407, MAG 540

407 is a studio of 476 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 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 since 2022 on 2 Ejari contracts. The current contract, signed on 21 December 2023, is AED 18,000 a year: a gross yield of 4.5% on the 2016 price, before the service charge of about AED 7,500 a year.

Sales and rents for 407 over time

Sales

Unit 407, each saleTypical studio in MAG 540

407 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 407, each contractTypical studio in MAG 540

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 407 sits

All 12 studios →

MAG 540 · all types1,150 /sqft

407 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). 407's AED 18,000 is at the bottom of that range.

Recent studio sales	Size	Price (AED)	Per sqft
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

0 studio 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 4th floor

All 85 units in MAG 540


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
406	1-bed	665 sqft	AED 561KAED 560,957 · Jun 2016June 2016	76,000 /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

1–7 of 13

407, MAG 540 in numbers

Sold once: by MAG on 10 July 2016 for AED 395,555, or AED 830 per sqft.
Rented since November 2022 on 2 Ejari contracts, from AED 25,000 to AED 18,000 a year.
At AED 18,000 a year the gross yield on the 2016 price is 4.5%, before a service charge of about AED 7,500 a year (AED 15.65 per sqft).

Source: Dubai Land Department. Updated 21 December 2023.

Questions about 407, MAG 540

What did unit 407 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 407?

AED 18,000 a year on the contract signed on 21 December 2023. The previous contract, from November 2022, was AED 25,000.

How big is unit 407?

476 sqft (44.2 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 407, 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 →