Studio · 476 sqftMAG 540, Dubai South · 5th floor · completed 2020

507, MAG 540

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 507 · DLD and Ejari recordsUpdated 1 September 2026

Last soldAED 275K28 December 2022

Current rentAED 42K /yr1 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 507, MAG 540

Today

What is 507 worth today?

Last sold for AED 275,000 in 2022

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1 Sep 2026

1 Sep 2026RentedRenewal

AED 42,000/yr12 months · AED 89 per sqft

1 Sep 2025

1 Sep 2025RentedNew contract

AED 45,000/yr12 months · AED 95 per sqft

15 Aug 2025

15 Aug 2025RentedRenewal

AED 34,793/yr6 months · AED 73 per sqft

15 Aug 2024

15 Aug 2024RentedNew contract

AED 40,000/yr12 months · AED 84 per sqft

14 Jun 2024

14 Jun 2024RentedNew contract

AED 54,386/yr11 months · AED 114 per sqft

28 Dec 2022

28 Dec 2022SoldReady

AED 275,000AED 577 per sqft

10 Jul 2016

10 Jul 2016Sold by developerOff-plan

AED 400,555AED 841 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type: Studio apartment
Size: 476 sqft
Floor: 5th of 6
Parking: G-64
Developer: MAG
Completed: 2020
Service charge: AED 7,500 /yr
Last sold: AED 275K · December 2022
Building: MAG 540

About 507, MAG 540

507 is a studio of 476 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 December 2022 for AED 275,000, or AED 577 per sqft, in line with the AED 567 studios in the building were fetching at the time.

It has been rented continuously since 2024 on 5 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 42,000 a year: a gross yield of 15.3% on the 2022 price, before the service charge of about AED 7,500 a year.

Sales and rents for 507 over time

Sales

Unit 507, each saleTypical studio in MAG 540

507 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 507, each contractTypical studio in MAG 540

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 540, and where 507 sits

All 12 studios →

MAG 540 · all types1,150 /sqft

507 last sold in December 2022 at AED 577 per sqft, in line with what studios in MAG 540 were fetching at the time (AED 567). 507's AED 42,000 is in the upper half of that range.

Recent studio sales	Size	Price (AED)	Per sqft
9 Jun 20239 June 2023	476 sqft	300,000	630
18 Apr 202318 April 2023	476 sqft	302,000	634
13 Mar 202313 March 2023	476 sqft	270,000	567
21 Dec 202221 December 2022	476 sqft	270,000	567

0 studio 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


501	2-bed	1,040 sqft	AED 975KAED 975,000 · Apr 2025April 2025	58,000 /yr
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
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

1–7 of 13

507, MAG 540 in numbers

Sold twice: first on 10 July 2016 for AED 400,555, last on 28 December 2022 for AED 275,000 (AED 577 per sqft).
Rented since June 2024 on 5 Ejari contracts. The rent fell from AED 54,386 to AED 34,793 in 2025 and recovered to AED 42,000 by September 2026.
At AED 42,000 a year the gross yield on the 2022 price is 15.3%, before a service charge of about AED 7,500 a year (AED 15.65 per sqft).

Source: Dubai Land Department. Updated 1 September 2026.

Questions about 507, MAG 540

What did unit 507 last sell for?

AED 275,000 on 28 December 2022: AED 577 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 400,555 in July 2016.

What is the rent for unit 507?

AED 42,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2025, was AED 45,000; the unit has been rented since June 2024.

How big is unit 507?

476 sqft (44.2 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 507, MAG 540

Starts from the last sale price (AED 275K, 28 December 2022). Switch to today's estimate once you have unlocked it.

Price: AED 275,000
Deposit, UAE resident (20%): AED 55,000
Deposit, non-resident (40%): AED 110,000
Monthly over 25 years at 3.7%: AED 1,125

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