602, 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 602, MAG 540
What is 602 worth today?
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Source: Dubai Land Department. Updated 1 March 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 6th of 6
- Parking
- G-73
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,400 /yr
- Last sold
- AED 566K · June 2016
- Building
- MAG 540
About 602, MAG 540
602 is a one-bedroom apartment of 667 sqft on the 6th 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 565,957, or AED 849 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, signed on 1 March 2026, is AED 77,500 a year: a gross yield of 13.7% on the 2016 price, before the service charge of about AED 10,400 a year.
Sales and rents for 602 over time
602 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 602 sits
All 48 1-beds →602 last sold in June 2016 at AED 849 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. 602's AED 77,500 is at the top 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 6th floor
All 85 units in MAG 540| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,040 sqft | No registered sale | 75,000 /yr | |
| 603 | Studio | 476 sqft | AED 270KAED 270,000 · Dec 2022December 2022 | ||
| 604 | 1-bed | 640 sqft | AED 457KAED 457,483 · Nov 2022November 2022 | 60,000 /yr | |
| 605 | 2-bed | 1,007 sqft | AED 830KAED 830,000 · Jul 2024July 2024 | 75,000 /yr | |
| 606 | 1-bed | 667 sqft | AED 495KAED 495,000 · Apr 2024April 2024 | 40,000 /yr | |
| 607 | Studio | 476 sqft | AED 300KAED 300,000 · Jun 2023June 2023 | 42,000 /yr | |
| 608 | 1-bed | 640 sqft | AED 760KAED 760,000 · Mar 2026March 2026 | 55,000 /yr | |
| 609 | 1-bed | 641 sqft | AED 541KAED 540,555 · Jun 2016June 2016 | 55,000 /yr | |
| 610 | 1-bed | 638 sqft | AED 541KAED 540,555 · Jun 2016June 2016 | 55,000 /yr | |
| 611 | 1-bed | 636 sqft | AED 599KAED 599,000 · May 2016May 2016 | 34,000 /yr | |
| 612 | 1-bed | 638 sqft | AED 600KAED 600,000 · Jul 2024July 2024 | ||
| 613 | 2-bed | 963 sqft | AED 670KAED 670,000 · Sep 2023September 2023 | ||
| 614 | 2-bed | 963 sqft | AED 778KAED 777,777 · Aug 2017August 2017 | 60,638 /yr |
602, MAG 540 in numbers
- Sold once: by MAG on 7 June 2016 for AED 565,957, or AED 849 per sqft.
- Rented since January 2020 on 7 Ejari contracts, from AED 33,000 to AED 77,500 a year.
- At AED 77,500 a year the gross yield on the 2016 price is 13.7%, 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 1 March 2026.
Questions about 602, MAG 540
What did unit 602 last sell for?
AED 565,957 on 7 June 2016, sold by the developer: AED 849 per sqft for 667 sqft. It is the only registered sale of the unit.
What is the rent for unit 602?
AED 77,500 a year on the contract signed on 1 March 2026. The previous contract, from February 2025, was AED 64,000; the unit has been rented since January 2020.
How big is unit 602?
667 sqft (62.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.
What is unit 602 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 602, MAG 540
Starts from the last sale price (AED 566K, 7 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 565,957
- Deposit, UAE resident (20%)
- AED 113,191
- Deposit, non-resident (40%)
- AED 226,383
- Monthly over 25 years at 3.7%
- AED 2,316
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →