408, MAG 540
Sold prices and rental history: sold once, by the developer in December 2022, 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 408, MAG 540
What is 408 worth today?
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Source: Dubai Land Department. Updated 14 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 640 sqft
- Floor
- 4th of 6
- Parking
- G-51
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,000 /yr
- Last sold
- AED 467K · December 2022
- Building
- MAG 540
About 408, MAG 540
408 is a one-bedroom apartment of 640 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 29 December 2022 for AED 466,820, or AED 729 per sqft, 12% above the AED 650 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 14 December 2025, is AED 44,000 a year: a gross yield of 9.4% on the 2022 price, before the service charge of about AED 10,000 a year.
Sales and rents for 408 over time
408 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 408 sits
All 48 1-beds →408 last sold in December 2022 at AED 729 per sqft, 12% above what one-beds in MAG 540 were fetching at the time (AED 650). 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. 408's AED 44,000 is in the lower 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 | |
| 406 | 1-bed | 665 sqft | AED 561KAED 560,957 · Jun 2016June 2016 | 76,000 /yr | |
| 407 | Studio | 476 sqft | AED 396KAED 395,555 · Jul 2016July 2016 | 18,000 /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 |
408, MAG 540 in numbers
- Sold once: by MAG on 29 December 2022 for AED 466,820, or AED 729 per sqft.
- Rented since October 2020 on 6 Ejari contracts, from AED 24,000 to AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2022 price is 9.4%, 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 14 December 2025.
Questions about 408, MAG 540
What did unit 408 last sell for?
AED 466,820 on 29 December 2022, sold by the developer: AED 729 per sqft for 640 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 44,000 a year on the contract renewed on 14 December 2025. The previous contract, from December 2024, was AED 44,000; the unit has been rented since October 2020.
How big is unit 408?
640 sqft (59.5 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 408 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 408, MAG 540
Starts from the last sale price (AED 467K, 29 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 466,820
- Deposit, UAE resident (20%)
- AED 93,364
- Deposit, non-resident (40%)
- AED 186,728
- Monthly over 25 years at 3.7%
- AED 1,910
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →