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2-bed · 1,007 sqftMAG 540, Dubai South · 5th floor · completed 2020

505, MAG 540

Sold prices and rental history: sold twice, last in October 2026, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 28 October 2026
Last soldAED 925K28 October 2026
Current rentAED 60K /yr6 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, MAG 540

What is 505 worth today?

Last sold for AED 925,000 in 2026

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28 Oct 2026SoldReady
AED 925,000AED 918 per sqft
6 Jun 2025RentedRenewal
AED 60,000/yr12 months · AED 60 per sqft
6 Jun 2025RentedRenewal
AED 60,000/yr12 months · AED 60 per sqft
6 Jun 2024RentedRenewal
AED 60,000/yr12 months · AED 60 per sqft
6 Jun 2023RentedNew contract
AED 60,000/yr12 months · AED 60 per sqft
19 Jul 2016Sold by developerOff-plan
AED 842,707AED 836 per sqft

Source: Dubai Land Department. Updated 28 October 2026.

Key facts

Type
2-bed apartment
Size
1,007 sqft
Floor
5th of 6
Parking
G-62
Developer
MAG
Completed
2020
Service charge
AED 15,800 /yr
Last sold
AED 925K · October 2026
Building
MAG 540

About 505, MAG 540

505 is a two-bedroom apartment of 1,007 sqft on the 5th floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 28 October 2026 for AED 925,000, or AED 918 per sqft.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 6 June 2025, is AED 60,000 a year: a gross yield of 6.5% on the 2026 price, before the service charge of about AED 15,800 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in MAG 540
800K1M2016201920222025Typical sale price by year: 2018 AED 745,000; 2022 AED 698,608; 2024 AED 850,000; 2025 AED 975,000Sold by developer, July 2016: AED 842,707 (AED 836 per sqft)Sold, October 2026: AED 925,000 (AED 918 per sqft)

505 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 505, each contractTypical two-bed in MAG 540
40K60K80K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 60,000; 2021 AED 40,000; 2022 AED 47,138; 2023 AED 55,000; 2024 AED 58,000; 2025 AED 75,000; 2026 AED 75,000New contract, June 2023: AED 60,000 a yearRenewal, June 2024: AED 60,000 a yearRenewal, June 2025: AED 60,000 a yearRenewal, June 2025: AED 60,000 a year

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 505 sits

All 24 2-beds →

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. 505's AED 60,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Nov 2025950,000
7 May 20251,150,000
4 Apr 2025975,000
31 Jul 2024830,000
2 2-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 5th floor

All 85 units in MAG 540
Value
5012-bedAED 975K · Apr 2025
5021-bedAED 561K · Jun 2016
503StudioAED 302K · Apr 2023
5041-bedAED 512K · Dec 2017
5061-bedAED 765K · Aug 2025
507StudioAED 275K · Dec 2022
5081-bedAED 576K · Feb 2020
1–7 of 13

505, MAG 540 in numbers

  • Sold twice: first on 19 July 2016 for AED 842,707, last on 28 October 2026 for AED 925,000 (AED 918 per sqft).
  • Rented since June 2023 on 4 Ejari contracts, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2026 price is 6.5%, before a service charge of about AED 15,800 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 28 October 2026.

Questions about 505, MAG 540

What did unit 505 last sell for?

AED 925,000 on 28 October 2026: AED 918 per sqft for 1,007 sqft. The unit has 2 registered sales; the first was AED 842,707 in July 2016.

What is the rent for unit 505?

AED 60,000 a year on the contract renewed on 6 June 2025. The previous contract, from June 2025, was AED 60,000; the unit has been rented since June 2023.

How big is unit 505?

1,007 sqft (93.6 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 505 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 505, MAG 540

Starts from the last sale price (AED 925K, 28 October 2026). Switch to today's estimate once you have unlocked it.
Price
AED 925,000
Deposit, UAE resident (20%)
AED 185,000
Deposit, non-resident (40%)
AED 370,000
Monthly over 25 years at 3.7%
AED 3,784

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