1-bed · 638 sqftMAG 545, Dubai South · 3rd floor · completed 2020

309, MAG 545

Sold prices and rental history: sold once, by the developer in December 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 1 February 2021
Last soldAED 511K26 December 2016
Current rentAED 25K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, MAG 545

What is 309 worth today?

Last sold for AED 510,555 in 2016

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1 Feb 2021RentedNew contract
AED 25,000/yr12 months · AED 39 per sqft
18 Dec 2019RentedNew contract
AED 27,000/yr12 months · AED 43 per sqft
26 Dec 2016Sold by developerOff-plan
AED 510,555AED 800 per sqft

Source: Dubai Land Department. Updated 1 February 2021.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
3rd of 6
Parking
G-39
Developer
MAG
Completed
2020
Service charge
AED 9,100 /yr
Last sold
AED 511K · December 2016
Building
MAG 545

About 309, MAG 545

309 is a one-bedroom apartment of 638 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 26 December 2016 for AED 510,555, or AED 800 per sqft, in line with the AED 816 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 February 2021, is AED 25,000 a year: a gross yield of 4.9% on the 2016 price, before the service charge of about AED 9,100 a year.

Sales and rents for 309 over time

Sales
Unit 309, 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, December 2016: AED 510,555 (AED 800 per sqft)

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

Rents
Unit 309, 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, December 2019: AED 27,000 a yearNew contract, February 2021: AED 25,000 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 309 sits

All 48 1-beds →

309 last sold in December 2016 at AED 800 per sqft, in line with what one-beds in MAG 545 were fetching at the time (AED 816). 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. 309's AED 25,000 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
3021-bedAED 605K · Nov 2017
303StudioAED 386K · Dec 2016
3041-bedAED 544K · Nov 2018
3052-bedNo registered sale
3061-bedAED 541K · Jul 2016
307StudioAED 395K · Sep 2019
1–7 of 13

309, MAG 545 in numbers

  • Sold once: by MAG on 26 December 2016 for AED 510,555, or AED 800 per sqft.
  • Rented since December 2019 on 2 Ejari contracts, from AED 27,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2016 price is 4.9%, before a service charge of about AED 9,100 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 1 February 2021.

Questions about 309, MAG 545

What did unit 309 last sell for?

AED 510,555 on 26 December 2016, sold by the developer: AED 800 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 309?

AED 25,000 a year on the contract signed on 1 February 2021. The previous contract, from December 2019, was AED 27,000.

How big is unit 309?

638 sqft (59.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 309 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 309, MAG 545

Starts from the last sale price (AED 511K, 26 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 510,555
Deposit, UAE resident (20%)
AED 102,111
Deposit, non-resident (40%)
AED 204,222
Monthly over 25 years at 3.7%
AED 2,089

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