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1-bed · 640 sqftMAG 540, Dubai South · 4th floor · completed 2020

409, MAG 540

Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 10 March 2025
Last soldAED 552K10 July 2016
Current rentAED 35K /yr10 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, MAG 540

What is 409 worth today?

Last sold for AED 552,000 in 2016

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10 Mar 2025RentedNew contract
AED 35,200/yr12 months · AED 55 per sqft
10 Mar 2025RentedNew contract
AED 35,200/yr12 months · AED 55 per sqft
10 Mar 2023RentedRenewal
AED 29,000/yr12 months · AED 45 per sqft
10 Mar 2022RentedNew contract
AED 27,000/yr12 months · AED 42 per sqft
25 Feb 2020RentedNew contract
AED 30,000/yr12 months · AED 47 per sqft
10 Jul 2016Sold by developerOff-plan
AED 552,000AED 862 per sqft

Source: Dubai Land Department. Updated 10 March 2025.

Key facts

Type
1-bed apartment
Size
640 sqft
Floor
4th of 6
Parking
G-52
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 552K · July 2016
Building
MAG 540

About 409, MAG 540

409 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 10 July 2016 for AED 552,000, or AED 862 per sqft, in line with the AED 860 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 10 March 2025, is AED 35,200 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 10,000 a year.

Sales and rents for 409 over time

Sales
Unit 409, 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, July 2016: AED 552,000 (AED 862 per sqft)

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

Rents
Unit 409, 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, February 2020: AED 30,000 a yearNew contract, March 2022: AED 27,000 a yearRenewal, March 2023: AED 29,000 a yearNew contract, March 2025: AED 35,200 a yearNew contract, March 2025: AED 35,200 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 409 sits

All 48 1-beds →

409 last sold in July 2016 at AED 862 per sqft, in line with what one-beds in MAG 540 were fetching at the time (AED 860). 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. 409's AED 35,200 is in the lower 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 4th floor

All 85 units in MAG 540
Value
4012-bedAED 700K · Oct 2023
4021-bedAED 680K · Apr 2025
403StudioAED 401K · Jul 2016
4041-bedAED 730K · Sep 2025
4052-bedAED 699K · Sep 2022
4061-bedAED 561K · Jun 2016
407StudioAED 396K · Jul 2016
1–7 of 13

409, MAG 540 in numbers

  • Sold once: by MAG on 10 July 2016 for AED 552,000, or AED 862 per sqft.
  • Rented since February 2020 on 5 Ejari contracts, from AED 30,000 to AED 35,200 a year.
  • At AED 35,200 a year the gross yield on the 2016 price is 6.4%, 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 10 March 2025.

Questions about 409, MAG 540

What did unit 409 last sell for?

AED 552,000 on 10 July 2016, sold by the developer: AED 862 per sqft for 640 sqft. It is the only registered sale of the unit.

What is the rent for unit 409?

AED 35,200 a year on the contract signed on 10 March 2025. The previous contract, from March 2025, was AED 35,200; the unit has been rented since February 2020.

How big is unit 409?

640 sqft (59.5 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 409 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 409, MAG 540

Starts from the last sale price (AED 552K, 10 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 552,000
Deposit, UAE resident (20%)
AED 110,400
Deposit, non-resident (40%)
AED 220,800
Monthly over 25 years at 3.7%
AED 2,258

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