514, MAG 540
Sold prices and rental history: sold twice, last in July 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 514, MAG 540
What is 514 worth today?
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Source: Dubai Land Department. Updated 8 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 963 sqft
- Floor
- 5th of 6
- Parking
- G-71
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 15,100 /yr
- Last sold
- AED 850K · July 2024
- Building
- MAG 540
About 514, MAG 540
514 is a two-bedroom apartment of 963 sqft on the 5th floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 8 July 2024 for AED 850,000, or AED 882 per sqft, 8% above the AED 817 two-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 8 July 2024, is AED 55,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 15,100 a year.
Sales and rents for 514 over time
514 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 514 sits
All 24 2-beds →514 last sold in July 2024 at AED 882 per sqft, 8% above what two-beds in MAG 540 were fetching at the time (AED 817). 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. 514's AED 55,000 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 | ||
| 4 Apr 20254 April 2025 | 1,040 sqft | 975,000 | 937 |
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 | |
| 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, MAG 540 in numbers
- Sold twice: first on 17 September 2017 for AED 777,777, last on 8 July 2024 for AED 850,000 (AED 882 per sqft).
- Rented since April 2020 on 3 Ejari contracts, from AED 45,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 15,100 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 8 July 2024.
Questions about 514, MAG 540
What did unit 514 last sell for?
AED 850,000 on 8 July 2024: AED 882 per sqft for 963 sqft. The unit has 2 registered sales; the first was AED 777,777 in September 2017.
What is the rent for unit 514?
AED 55,000 a year on the contract renewed on 8 July 2024. The previous contract, from January 2023, was AED 52,000; the unit has been rented since April 2020.
How big is unit 514?
963 sqft (89.5 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 514 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 514, MAG 540
Starts from the last sale price (AED 850K, 8 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →