Unit 408, MAG 530: what it sold for and what it is worth now

Unit 408 at MAG 530 is a 1 bed of 638 sq ft. It last sold for AED 575,000 on 23 Aug 2024. At AED 1,097 per sq ft, from 3 sales of units ending 08 (same position in the tower), it is worth about AED 700,000 today.

Value todayAED 700,000AED 638,000 to AED 723,000
Last saleAED 575,00023 Aug 2024 · Resale
Change since last sale+21.7%Building trend alone: AED 713,488
Rent (median asking, 1 bed)AED 57,500Gross yield 8.2%
Bedrooms1 bed
Size638 sq ft
Floor4 (from the unit number)
Position in the towerStack 08: units ending 08 share the same layout and view
BuildingMAG 530 by MAG Property Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 408

DatePriceSizeAED/sq ftType
23 Aug 2024AED 575,000638 sq ft901Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
60829 Dec 2025AED 745,000638 sq ft1,168Resale
30830 May 2025AED 700,000638 sq ft1,097Resale
30822 Dec 2020AED 350,000638 sq ft549Resale

Latest 1 bed sales in MAG 530

UnitDatePriceSizeAED/sq ftType
60829 Dec 2025AED 745,000638 sq ft1,168Resale
61520 Aug 2025AED 690,000663 sq ft1,041Resale
40212 Aug 2025AED 730,000666 sq ft1,096Resale
30830 May 2025AED 700,000638 sq ft1,097Resale
4108 May 2025AED 625,000638 sq ft980Resale
31227 Mar 2025AED 625,000624 sq ft1,002Resale
61120 Mar 2025AED 650,000623 sq ft1,043Resale
11513 Mar 2025AED 630,000663 sq ft950Resale

How we worked out the value

We took the 3 resale sales of units ending 08 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,097). We multiplied it by the size of this unit (638 sq ft). The range uses the middle half of those sales (AED 999 to AED 1,132 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 713,488. Floor, view, condition and upgrades can move the price either way. Sales data to 10 Mar 2026, from the Dubai Land Department register.

Questions

What is unit 408 at MAG 530 worth?

About AED 700,000 (range AED 638,000 to AED 723,000), based on AED 1,097 per sq ft from registered sales up to 10 Mar 2026.

When did unit 408 last sell?

23 Aug 2024, for AED 575,000 (resale). It has 1 registered sale.

What rent can unit 408 make?

A 1 bed in MAG 530 rents for about AED 57,500 a year (median asking rent). That is a gross yield of 8.2% on the estimate.

Sales alert for MAG 530All sales in MAG 530

Unit 405 · Unit 409