501, MAG 540
Sold prices and rental history: sold twice, last in April 2025, 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 501, MAG 540
What is 501 worth today?
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Source: Dubai Land Department. Updated 4 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,040 sqft
- Floor
- 5th of 6
- Parking
- G-58
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 16,300 /yr
- Last sold
- AED 975K · April 2025
- Building
- MAG 540
About 501, MAG 540
501 is a two-bedroom apartment of 1,040 sqft on the 5th floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 4 April 2025 for AED 975,000, or AED 937 per sqft, 6% above the AED 882 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 2 October 2024, is AED 58,000 a year: a gross yield of 5.9% on the 2025 price, before the service charge of about AED 16,300 a year.
Sales and rents for 501 over time
501 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 540, and where 501 sits
All 24 2-beds →501 last sold in April 2025 at AED 937 per sqft, 6% above what two-beds in MAG 540 were fetching at the time (AED 882). Over the last 12 months two-beds sold for AED 925,000 to 950,000, around AED 952 per sqft, and rent for AED 53,000 to 150,000 a year. 501's AED 58,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Oct 202628 October 2026 | 1,007 sqft | 925,000 | 918 | ||
| 28 Nov 202528 November 2025 | 963 sqft | 950,000 | 986 | ||
| 7 May 20257 May 2025 | 1,004 sqft | 1,150,000 | 1,144 | ||
| 31 Jul 202431 July 2024 | 1,007 sqft | 830,000 | 823 |
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 5th floor
All 85 units in MAG 540| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 667 sqft | AED 561KAED 560,957 · Jun 2016June 2016 | 77,333 /yr | |
| 503 | Studio | 476 sqft | AED 302KAED 302,000 · Apr 2023April 2023 | 39,000 /yr | |
| 504 | 1-bed | 640 sqft | AED 512KAED 511,584 · Dec 2017December 2017 | 58,000 /yr | |
| 505 | 2-bed | 1,007 sqft | AED 925KAED 925,000 · Oct 2026October 2026 | 60,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 765KAED 765,000 · Aug 2025August 2025 | 47,890 /yr | |
| 507 | Studio | 476 sqft | AED 275KAED 275,000 · Dec 2022December 2022 | 42,000 /yr | |
| 508 | 1-bed | 640 sqft | AED 576KAED 575,532 · Feb 2020February 2020 | 57,000 /yr | |
| 509 | 1-bed | 641 sqft | AED 640KAED 640,000 · Jun 2025June 2025 | 60,000 /yr | |
| 510 | 1-bed | 638 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | 74,666 /yr | |
| 511 | 1-bed | 636 sqft | AED 552KAED 552,000 · Jul 2016July 2016 | 30,000 /yr | |
| 512 | 1-bed | 638 sqft | AED 549KAED 549,000 · Jun 2016June 2016 | 20,000 /yr | |
| 513 | 2-bed | 963 sqft | AED 750KAED 750,000 · Dec 2018December 2018 | ||
| 514 | 2-bed | 963 sqft | AED 850KAED 850,000 · Jul 2024July 2024 | 55,000 /yr |
501, MAG 540 in numbers
- Sold twice: first on 9 October 2018 for AED 750,000, last on 4 April 2025 for AED 975,000 (AED 937 per sqft).
- Rented since September 2019 on 6 Ejari contracts. The rent fell from AED 40,000 to AED 34,000 in 2021 and recovered to AED 58,000 by October 2024.
- At AED 58,000 a year the gross yield on the 2025 price is 5.9%, before a service charge of about AED 16,300 a year (AED 15.65 per sqft).
- Two-beds in MAG 540 sold for AED 925,000–950,000 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 4 April 2025.
Questions about 501, MAG 540
What did unit 501 last sell for?
AED 975,000 on 4 April 2025: AED 937 per sqft for 1,040 sqft. The unit has 2 registered sales; the first was AED 750,000 in October 2018.
What is the rent for unit 501?
AED 58,000 a year on the contract renewed on 2 October 2024. The previous contract, from October 2023, was AED 48,000; the unit has been rented since September 2019.
How big is unit 501?
1,040 sqft (96.6 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 540 sold for AED 925,000 to 950,000 in the last 12 months, around AED 952 per sqft.
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Mortgage on 501, MAG 540
Starts from the last sale price (AED 975K, 4 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 975,000
- Deposit, UAE resident (20%)
- AED 195,000
- Deposit, non-resident (40%)
- AED 390,000
- Monthly over 25 years at 3.7%
- AED 3,989
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →