603, MAG 540
Sold prices and rental history: sold twice, last in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, MAG 540
What is 603 worth today?
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Source: Dubai Land Department. Updated 21 December 2022.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 6th of 6
- Parking
- G-74
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,500 /yr
- Last sold
- AED 270K · December 2022
- Building
- MAG 540
About 603, MAG 540
603 is a studio of 476 sqft on the 6th floor of MAG 540, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 21 December 2022 for AED 270,000, or AED 567 per sqft, in line with the AED 567 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 603 over time
603 has sold twice; the dashed line is the studio median of each year in the building.
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 603 sits
All 12 studios →603 last sold in December 2022 at AED 567 per sqft, in line with what studios in MAG 540 were fetching at the time (AED 567).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 28 Dec 202228 December 2022 | 476 sqft | 275,000 | 577 |
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 | |
| 602 | 1-bed | 667 sqft | AED 566KAED 565,957 · Jun 2016June 2016 | 77,500 /yr | |
| 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 |
603, MAG 540 in numbers
- Sold twice: first on 10 July 2016 for AED 405,555, last on 21 December 2022 for AED 270,000 (AED 567 per sqft).
Source: Dubai Land Department. Updated 21 December 2022.
Questions about 603, MAG 540
What did unit 603 last sell for?
AED 270,000 on 21 December 2022: AED 567 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 405,555 in July 2016.
How big is unit 603?
476 sqft (44.2 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 603 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 603, MAG 540
Starts from the last sale price (AED 270K, 21 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 270,000
- Deposit, UAE resident (20%)
- AED 54,000
- Deposit, non-resident (40%)
- AED 108,000
- Monthly over 25 years at 3.7%
- AED 1,105
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →