507, MAG 545
Sold prices and rental history: sold twice, last in October 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, MAG 545
What is 507 worth today?
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Source: Dubai Land Department. Updated 3 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 5th of 6
- Parking
- G-67
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,700 /yr
- Last sold
- AED 400K · October 2024
- Building
- MAG 545
About 507, MAG 545
507 is a studio of 473 sqft on the 5th floor of MAG 545, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 3 October 2024 for AED 400,000, or AED 844 per sqft, 4% above the AED 813 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 15 March 2024, is AED 27,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 6,700 a year.
Sales and rents for 507 over time
507 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 545, and where 507 sits
All 12 studios →507 last sold in October 2024 at AED 844 per sqft, 4% above what studios in MAG 545 were fetching at the time (AED 813). 507's AED 27,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20258 September 2025 | 473 sqft | 480,000 | 1,013 | ||
| 29 Apr 202429 April 2024 | 473 sqft | 383,000 | 809 | ||
| 21 Mar 202421 March 2024 | 473 sqft | 385,000 | 813 | ||
| 31 Jul 202331 July 2023 | 473 sqft | 366,374 | 773 |
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 50K /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 | ||
| 502 | 1-bed | 667 sqft | AED 526KAED 525,555 · Jul 2016July 2016 | 53,000 /yr | |
| 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 | |
| 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 |
507, MAG 545 in numbers
- Sold twice: first on 23 November 2021 for AED 427,797, last on 3 October 2024 for AED 400,000 (AED 844 per sqft).
- Rented since March 2022 on 3 Ejari contracts, from AED 22,000 to AED 27,000 a year.
- At AED 27,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 6,700 a year (AED 14.21 per sqft).
Source: Dubai Land Department. Updated 3 October 2024.
Questions about 507, MAG 545
What did unit 507 last sell for?
AED 400,000 on 3 October 2024: AED 844 per sqft for 473 sqft. The unit has 2 registered sales; the first was AED 427,797 in November 2021.
What is the rent for unit 507?
AED 27,000 a year on the contract signed on 15 March 2024. The previous contract, from February 2023, was AED 24,000; the unit has been rented since March 2022.
How big is unit 507?
473 sqft (43.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 507, MAG 545
Starts from the last sale price (AED 400K, 3 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →