502, MAG 545
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, MAG 545
What is 502 worth today?
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Source: Dubai Land Department. Updated 10 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 5th of 6
- Parking
- G-60
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 9,500 /yr
- Last sold
- AED 526K · July 2016
- Building
- MAG 545
About 502, MAG 545
502 is a one-bedroom apartment of 667 sqft on the 5th floor of MAG 545, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 25 July 2016 for AED 525,555, or AED 787 per sqft, 5% below the AED 825 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 10 September 2024, is AED 53,000 a year: a gross yield of 10.1% on the 2016 price, before the service charge of about AED 9,500 a year.
Sales and rents for 502 over time
502 has sold once; the dashed line is the one-bed median of each year in the building.
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 502 sits
All 48 1-beds →502 last sold in July 2016 at AED 787 per sqft, 5% below what one-beds in MAG 545 were fetching at the time (AED 825). 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. 502's AED 53,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 638 sqft | 670,000 | 1,050 | ||
| 9 Sep 20269 September 2026 | 638 sqft | 620,000 | 971 | ||
| 18 Jun 202618 June 2026 | 637 sqft | 680,000 | 1,067 | ||
| 12 Dec 202512 December 2025 | 634 sqft | 720,000 | 1,136 |
MAG 545
Building86 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%
Other units on the 5th floor
All 86 units in MAG 545| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,041 sqft | AED 781KAED 781,049 · May 2018May 2018 | ||
| 503 | Studio | 473 sqft | AED 391KAED 390,555 · Nov 2016November 2016 | 40,000 /yr | |
| 504 | 1-bed | 638 sqft | AED 546KAED 545,555 · Jul 2016July 2016 | 55,000 /yr | |
| 505 | 2-bed | 1,008 sqft | No registered sale | 75,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 526KAED 525,555 · Aug 2016August 2016 | 55,000 /yr | |
| 507 | Studio | 473 sqft | AED 400KAED 400,000 · Oct 2024October 2024 | 27,000 /yr | |
| 508 | 1-bed | 638 sqft | AED 405KAED 404,513 · May 2024May 2024 | 60,000 /yr | |
| 509 | 1-bed | 639 sqft | AED 635KAED 635,000 · Nov 2025November 2025 | 48,000 /yr | |
| 510 | 1-bed | 638 sqft | AED 670KAED 670,000 · Oct 2026October 2026 | 53,000 /yr | |
| 511 | 1-bed | 634 sqft | AED 720KAED 720,000 · Dec 2025December 2025 | 30,000 /yr | |
| 512 | 1-bed | 637 sqft | AED 680KAED 680,000 · Jun 2026June 2026 | 30,000 /yr | |
| 513 | 2-bed | 966 sqft | No registered sale | 65,000 /yr | |
| 514 | 2-bed | 966 sqft | No registered sale | 75,000 /yr |
502, MAG 545 in numbers
- Sold once: by MAG on 25 July 2016 for AED 525,555, or AED 787 per sqft.
- Rented since November 2019 on 4 Ejari contracts, from AED 30,000 to AED 53,000 a year.
- At AED 53,000 a year the gross yield on the 2016 price is 10.1%, before a service charge of about AED 9,500 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 10 September 2024.
Questions about 502, MAG 545
What did unit 502 last sell for?
AED 525,555 on 25 July 2016, sold by the developer: AED 787 per sqft for 667 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 53,000 a year on the contract signed on 10 September 2024. The previous contract, from December 2021, was AED 30,000; the unit has been rented since November 2019.
How big is unit 502?
667 sqft (62.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 502 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 502, MAG 545
Starts from the last sale price (AED 526K, 25 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 525,555
- Deposit, UAE resident (20%)
- AED 105,111
- Deposit, non-resident (40%)
- AED 210,222
- Monthly over 25 years at 3.7%
- AED 2,150
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →