1-bed · 637 sqftMAG 545, Dubai South · 3rd floor · completed 2020

312, MAG 545

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 23 September 2024
Last soldAED 599K23 September 2024
Current rentAED 29K /yr1 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 312, MAG 545

What is 312 worth today?

Last sold for AED 599,000 in 2024

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23 Sep 2024SoldReady
AED 599,000AED 940 per sqft
1 Jan 2024RentedRenewal
AED 28,665/yr12 months · AED 45 per sqft
1 Jan 2023RentedNew contract
AED 27,300/yr12 months · AED 43 per sqft
5 Jan 2022RentedNew contract
AED 26,000/yr12 months · AED 41 per sqft
15 Dec 2020RentedRenewal
AED 24,000/yr12 months · AED 38 per sqft
15 Dec 2019RentedNew contract
AED 25,000/yr12 months · AED 39 per sqft
26 Dec 2016Sold by developerOff-plan
AED 510,555AED 801 per sqft

Source: Dubai Land Department. Updated 23 September 2024.

Key facts

Type
1-bed apartment
Size
637 sqft
Floor
3rd of 6
Parking
G-42
Developer
MAG
Completed
2020
Service charge
AED 9,100 /yr
Last sold
AED 599K · September 2024
Building
MAG 545

About 312, MAG 545

312 is a one-bedroom apartment of 637 sqft on the 3rd floor of MAG 545, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 September 2024 for AED 599,000, or AED 940 per sqft, in line with the AED 940 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 January 2024, is AED 28,665 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 9,100 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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 801 per sqft)Sold, September 2024: AED 599,000 (AED 940 per sqft)

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

Rents
Unit 312, each contractTypical one-bed in MAG 545
20K40K20192021202320252027Typical 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 25,000 a yearRenewal, December 2020: AED 24,000 a yearNew contract, January 2022: AED 26,000 a yearNew contract, January 2023: AED 27,300 a yearRenewal, January 2024: AED 28,665 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 312 sits

All 48 1-beds →

312 last sold in September 2024 at AED 940 per sqft, in line with what one-beds in MAG 545 were fetching at the time (AED 940). 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. 312's AED 28,665 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 50K /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

312, MAG 545 in numbers

  • Sold twice: first on 26 December 2016 for AED 510,555, last on 23 September 2024 for AED 599,000 (AED 940 per sqft).
  • Rented since December 2019 on 5 Ejari contracts, from AED 25,000 to AED 28,665 a year.
  • At AED 28,665 a year the gross yield on the 2024 price is 4.8%, 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 23 September 2024.

Questions about 312, MAG 545

What did unit 312 last sell for?

AED 599,000 on 23 September 2024: AED 940 per sqft for 637 sqft. The unit has 2 registered sales; the first was AED 510,555 in December 2016.

What is the rent for unit 312?

AED 28,665 a year on the contract renewed on 1 January 2024. The previous contract, from January 2023, was AED 27,300; the unit has been rented since December 2019.

How big is unit 312?

637 sqft (59.2 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 312 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 312, MAG 545

Starts from the last sale price (AED 599K, 23 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 599,000
Deposit, UAE resident (20%)
AED 119,800
Deposit, non-resident (40%)
AED 239,600
Monthly over 25 years at 3.7%
AED 2,451

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