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1-bed · 655 sqftMAG 545, Dubai South · 3rd floor · completed 2020

302, MAG 545

Sold prices and rental history: sold once, by the developer in November 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 25 February 2023
Last soldAED 605K13 November 2017
Current rentAED 33K /yr25 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, MAG 545

What is 302 worth today?

Last sold for AED 605,000 in 2017

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25 Feb 2023RentedNew contract
AED 33,000/yr12 months · AED 49 per sqft
1 Dec 2021RentedNew contract
AED 27,000/yr12 months · AED 40 per sqft
24 Sep 2020RentedRenewal
AED 27,000/yr12 months · AED 40 per sqft
24 Sep 2019RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
13 Nov 2017Sold by developerOff-plan
AED 605,000AED 923 per sqft

Source: Dubai Land Department. Updated 25 February 2023.

Key facts

Type
1-bed apartment
Size
655 sqft
Floor
3rd of 6
Parking
G-32
Developer
MAG
Completed
2020
Service charge
AED 9,300 /yr
Last sold
AED 605K · November 2017
Building
MAG 545

About 302, MAG 545

302 is a one-bedroom apartment of 655 sqft on the 3rd floor of MAG 545, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 13 November 2017 for AED 605,000, or AED 923 per sqft, 15% above the AED 801 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 25 February 2023, is AED 33,000 a year: a gross yield of 5.5% on the 2017 price, before the service charge of about AED 9,300 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical one-bed in MAG 545
500K600K2016201920222025Typical sale price by year: 2016 AED 525,555; 2017 AED 505,277; 2018 AED 536,488; 2019 AED 520,555; 2024 AED 599,500; 2025 AED 647,500; 2026 AED 670,000Sold by developer, November 2017: AED 605,000 (AED 923 per sqft)

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

Rents
Unit 302, each contractTypical one-bed in MAG 545
40K20192021202320252027Typical rent by year: 2019 AED 30,000; 2020 AED 28,000; 2021 AED 27,000; 2022 AED 29,000; 2023 AED 33,500; 2024 AED 40,000; 2025 AED 48,000; 2026 AED 50,000New contract, September 2019: AED 30,000 a yearRenewal, September 2020: AED 27,000 a yearNew contract, December 2021: AED 27,000 a yearNew contract, February 2023: AED 33,000 a year

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

1-beds in MAG 545, and where 302 sits

All 48 1-beds →

302 last sold in November 2017 at AED 923 per sqft, 15% above what one-beds in MAG 545 were fetching at the time (AED 801). Over the last 12 months one-beds sold for AED 620,000 to 720,000, around AED 1,050 per sqft, and rent for AED 37,400 to 66,000 a year. 302's AED 33,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Oct 2026670,000
9 Sep 2026620,000
18 Jun 2026680,000
12 Dec 2025720,000
5 1-bed sales in the last 12 months

MAG 545

Building

86 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 1,059
Typical sale
AED 675K
Typical rent
AED 51K /yr
Typical yield
7.4%
MAG 545, Dubai South: prices, sales and rents →

Other units on the 3rd floor

All 86 units in MAG 545
Value
3012-bedAED 750K · May 2019
303StudioAED 386K · Dec 2016
3041-bedAED 544K · Nov 2018
3052-bedNo registered sale
3061-bedAED 541K · Jul 2016
307StudioAED 395K · Sep 2019
3081-bedAED 563K · Oct 2016
1–7 of 13

302, MAG 545 in numbers

  • Sold once: by MAG on 13 November 2017 for AED 605,000, or AED 923 per sqft.
  • Rented since September 2019 on 4 Ejari contracts, from AED 30,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2017 price is 5.5%, before a service charge of about AED 9,300 a year (AED 14.21 per sqft).
  • One-beds in MAG 545 sold for AED 620,000–720,000 in the 12 months to November 2026; the building's median across all types is AED 1,059 per sqft.

Source: Dubai Land Department. Updated 25 February 2023.

Questions about 302, MAG 545

What did unit 302 last sell for?

AED 605,000 on 13 November 2017, sold by the developer: AED 923 per sqft for 655 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 33,000 a year on the contract signed on 25 February 2023. The previous contract, from December 2021, was AED 27,000; the unit has been rented since September 2019.

How big is unit 302?

655 sqft (60.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 545 sold for AED 620,000 to 720,000 in the last 12 months, around AED 1,050 per sqft.

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Mortgage on 302, MAG 545

Starts from the last sale price (AED 605K, 13 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 605,000
Deposit, UAE resident (20%)
AED 121,000
Deposit, non-resident (40%)
AED 242,000
Monthly over 25 years at 3.7%
AED 2,475

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