502, MAG 540
Sold prices and rental history: sold once, by the developer in June 2016, 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 502, MAG 540
What is 502 worth today?
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Source: Dubai Land Department. Updated 10 January 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 5th of 6
- Parking
- G-59
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,400 /yr
- Last sold
- AED 561K · June 2016
- Building
- MAG 540
About 502, MAG 540
502 is a one-bedroom apartment of 667 sqft on the 5th 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 841 per sqft, in line with the AED 857 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 10 January 2026, is AED 77,333 a year: a gross yield of 13.8% on the 2016 price, before the service charge of about AED 10,400 a year.
Sales and rents for 502 over time
502 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 502 sits
All 48 1-beds →502 last sold in June 2016 at AED 841 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. 502's AED 77,333 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 5th floor
All 85 units in MAG 540| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,040 sqft | AED 975KAED 975,000 · Apr 2025April 2025 | 58,000 /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 |
502, MAG 540 in numbers
- Sold once: by MAG on 7 June 2016 for AED 560,957, or AED 841 per sqft.
- Rented since January 2020 on 7 Ejari contracts, from AED 31,000 to AED 77,333 a year.
- At AED 77,333 a year the gross yield on the 2016 price is 13.8%, 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 10 January 2026.
Questions about 502, MAG 540
What did unit 502 last sell for?
AED 560,957 on 7 June 2016, sold by the developer: AED 841 per sqft for 667 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 77,333 a year on the contract renewed on 10 January 2026. The previous contract, from January 2025, was AED 64,000; the unit has been rented since January 2020.
How big is unit 502?
667 sqft (62.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 502 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 502, 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 →