1-bed · 640 sqftMAG 540, Dubai South · 5th floor · completed 2020

508, MAG 540

Sold prices and rental history: sold once, by the developer in February 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 508 · DLD and Ejari recordsUpdated 28 March 2026

Last soldAED 576K26 February 2020

Current rentAED 57K /yr28 March 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 508, MAG 540

Today

What is 508 worth today?

Last sold for AED 575,532 in 2020

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28 Mar 2026

28 Mar 2026RentedNew contract

AED 57,000/yr12 months · AED 89 per sqft

20 Jul 2023

20 Jul 2023RentedNew contract

AED 38,000/yr12 months · AED 60 per sqft

1 Jul 2022

1 Jul 2022RentedRenewal

AED 25,000/yr12 months · AED 39 per sqft

1 Jul 2021

1 Jul 2021RentedNew contract

AED 22,000/yr12 months · AED 35 per sqft

26 Feb 2020

26 Feb 2020Sold by developerReady

AED 575,532AED 899 per sqft

Source: Dubai Land Department. Updated 28 March 2026.

Key facts

Type: 1-bed apartment
Size: 640 sqft
Floor: 5th of 6
Parking: G-65
Developer: MAG
Completed: 2020
Service charge: AED 10,000 /yr
Last sold: AED 576K · February 2020
Building: MAG 540

About 508, MAG 540

508 is a one-bedroom apartment of 640 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 26 February 2020 for AED 575,532, or AED 899 per sqft.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 28 March 2026, is AED 57,000 a year: a gross yield of 9.9% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for 508 over time

Sales

Unit 508, each saleTypical one-bed in MAG 540

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

Rents

Unit 508, each contractTypical one-bed in MAG 540

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 508 sits

All 48 1-beds →

1-beds in MAG 540 · last 12 months1,187 /sqft MAG 540 · all types1,150 /sqft

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. 508's AED 57,000 is in the upper half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

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 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
507	Studio	476 sqft	AED 275KAED 275,000 · Dec 2022December 2022	42,000 /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

508, MAG 540 in numbers

Sold once: by MAG on 26 February 2020 for AED 575,532, or AED 899 per sqft.
Rented since July 2021 on 4 Ejari contracts, from AED 22,000 to AED 57,000 a year.
At AED 57,000 a year the gross yield on the 2020 price is 9.9%, 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 28 March 2026.

Questions about 508, MAG 540

What did unit 508 last sell for?

AED 575,532 on 26 February 2020, sold by the developer: AED 899 per sqft for 640 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 57,000 a year on the contract signed on 28 March 2026. The previous contract, from July 2023, was AED 38,000; the unit has been rented since July 2021.

How big is unit 508?

640 sqft (59.5 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 508 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 508, MAG 540

Starts from the last sale price (AED 576K, 26 February 2020). Switch to today's estimate once you have unlocked it.

Price: AED 575,532
Deposit, UAE resident (20%): AED 115,106
Deposit, non-resident (40%): AED 230,213
Monthly over 25 years at 3.7%: AED 2,355

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