2-bed · 966 sqftMAG 545, Dubai South · 3rd floor · completed 2020

314, MAG 545

Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 314 · DLD and Ejari recordsUpdated 22 August 2023
Last soldAED 699K24 August 2022
Current rentAED 45K /yr22 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 314, MAG 545

What is 314 worth today?

Last sold for AED 699,070 in 2022

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22 Aug 2023RentedNew contract
AED 44,759/yr12 months · AED 46 per sqft
22 Feb 2023RentedNew contract
AED 44,743/yr12 months · AED 47 per sqft
24 Aug 2022Sold by developerReady
AED 699,070AED 724 per sqft
5 Oct 2019RentedNew contract
AED 75,000/yr60 months · AED 78 per sqft

Source: Dubai Land Department. Updated 22 August 2023.

Key facts

Type
2-bed apartment
Size
966 sqft
Floor
3rd of 6
Parking
G-44
Developer
MAG
Completed
2020
Service charge
AED 13,700 /yr
Last sold
AED 699K · August 2022
Building
MAG 545

About 314, MAG 545

314 is a two-bedroom apartment of 966 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 24 August 2022 for AED 699,070, or AED 724 per sqft.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 22 August 2023, is AED 44,759 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 13,700 a year.

Sales and rents for 314 over time

Sales
Unit 314, each saleTypical two-bed in MAG 545
800K1M20222023202420252026Typical sale price by year: 2022 AED 715,364; 2024 AED 984,500; 2025 AED 999,000Sold by developer, August 2022: AED 699,070 (AED 724 per sqft)

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

Rents
Unit 314, each contractTypical two-bed in MAG 545
40K60K80K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 55,000; 2021 AED 37,500; 2023 AED 49,880; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 75,000New contract, October 2019: AED 75,000 a yearNew contract, February 2023: AED 44,743 a yearNew contract, August 2023: AED 44,759 a year

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

2-beds in MAG 545, and where 314 sits

All 24 2-beds →

Over the last 12 months two-beds sold for AED 1,050,000, around AED 1,087 per sqft, and rent for AED 70,000 to 78,000 a year. 314's AED 44,759 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Jun 20261,050,000
7 Aug 20251,080,000
13 Jun 2025999,000
4 Jun 2025999,000
1 2-bed sale 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

314, MAG 545 in numbers

  • Sold once: by MAG on 24 August 2022 for AED 699,070, or AED 724 per sqft.
  • Rented since October 2019 on 3 Ejari contracts, from AED 75,000 to AED 44,759 a year.
  • At AED 44,759 a year the gross yield on the 2022 price is 6.4%, before a service charge of about AED 13,700 a year (AED 14.21 per sqft).
  • Two-beds in MAG 545 sold for AED 1,050,000–1,050,000 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 22 August 2023.

Questions about 314, MAG 545

What did unit 314 last sell for?

AED 699,070 on 24 August 2022, sold by the developer: AED 724 per sqft for 966 sqft. It is the only registered sale of the unit.

What is the rent for unit 314?

AED 44,759 a year on the contract signed on 22 August 2023. The previous contract, from February 2023, was AED 44,743; the unit has been rented since October 2019.

How big is unit 314?

966 sqft (89.7 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 314 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 545 sold for AED 1,050,000 to 1,050,000 in the last 12 months, around AED 1,087 per sqft.

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Mortgage on 314, MAG 545

Starts from the last sale price (AED 699K, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 699,070
Deposit, UAE resident (20%)
AED 139,814
Deposit, non-resident (40%)
AED 279,628
Monthly over 25 years at 3.7%
AED 2,860

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