Unit 408, MAG 540: what it sold for and what it is worth now

Unit 408 at MAG 540 is a 1 bed of 640 sq ft. It last sold for AED 466,820 on 29 Dec 2022. At AED 1,188 per sq ft, from 4 sales in the building in the last 12 months (1 bed), it is worth about AED 760,000 today.

Value todayAED 760,000AED 748,000 to AED 763,000
Last saleAED 466,82029 Dec 2022 · Resale
Change since last sale+62.8%Building trend alone: AED 869,513
Rent (median asking, 1 bed)AED 60,000Gross yield 7.9%
Bedrooms1 bed
Size640 sq ft
Floor4 (from the unit number)
Position in the towerStack 08: units ending 08 share the same layout and view
BuildingMAG 540 by MAG Property Development, handed over 2020
Registered sales of this unit1

Every registered sale of unit 408

DatePriceSizeAED/sq ftType
29 Dec 2022AED 466,820640 sq ft729Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
60816 Mar 2026AED 760,000640 sq ft1,188Resale
6081 Mar 2023AED 410,000640 sq ft641Resale
50826 Feb 2020AED 575,532640 sq ft899Resale

Latest 1 bed sales in MAG 540

UnitDatePriceSizeAED/sq ftType
20225 Sep 2026AED 740,000665 sq ft1,113Resale
60816 Mar 2026AED 760,000640 sq ft1,188Resale
1065 Mar 2026AED 790,000665 sq ft1,188Resale
30226 Feb 2026AED 800,000665 sq ft1,203Resale
4048 Sep 2025AED 730,000640 sq ft1,141Resale
50618 Aug 2025AED 765,000667 sq ft1,147Resale
30425 Jun 2025AED 700,000640 sq ft1,094Resale
50922 Jun 2025AED 640,000641 sq ft998Resale

How we worked out the value

We took the 4 sales in MAG 540 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,188). We multiplied it by the size of this unit (640 sq ft). The range uses the middle half of those sales (AED 1,169 to AED 1,192 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 869,513. Floor, view, condition and upgrades can move the price either way. Sales data to 25 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 408 at MAG 540 worth?

About AED 760,000 (range AED 748,000 to AED 763,000), based on AED 1,188 per sq ft from registered sales up to 25 Sep 2026.

When did unit 408 last sell?

29 Dec 2022, for AED 466,820 (resale). It has 1 registered sale.

What rent can unit 408 make?

A 1 bed in MAG 540 rents for about AED 60,000 a year (median asking rent). That is a gross yield of 7.9% on the estimate.

Sales alert for MAG 540All sales in MAG 540

Unit 405 · Unit 413