Unit 501, MAG 540: what it sold for and what it is worth now

Unit 501 at MAG 540 is a 2 bed of 1,040 sq ft. It last sold for AED 975,000 on 4 Apr 2025. At AED 987 per sq ft, from 3 sales in the building in the last 24 months (2 bed), it is worth about AED 1,026,000 today.

Value todayAED 1,026,000AED 1,000,000 to AED 1,109,000
Last saleAED 975,0004 Apr 2025 · Resale
Change since last sale+5.2%Building trend alone: AED 1,099,922
Rent (median asking, 2 bed)AED 72,000Gross yield 7.0%
Bedrooms2 bed
Size1,040 sq ft
Floor5 (from the unit number)
Position in the towerStack 01: units ending 01 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 501

DatePriceSizeAED/sq ftType
4 Apr 2025AED 975,0001,040 sq ft938Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
2012 Apr 2024AED 850,0001,039 sq ft818Resale
40124 Oct 2023AED 700,0001,039 sq ft674Resale
20123 Feb 2022AED 600,0001,039 sq ft577Resale

Latest 2 bed sales in MAG 540

UnitDatePriceSizeAED/sq ftType
21328 Nov 2025AED 950,000963 sq ft987Resale
3057 May 2025AED 1,150,0001,004 sq ft1,145Resale
60531 Jul 2024AED 830,0001,007 sq ft824Resale
5148 Jul 2024AED 850,000963 sq ft883Resale
2012 Apr 2024AED 850,0001,039 sq ft818Resale
4132 Jan 2024AED 1,050,000963 sq ft1,090Resale
40124 Oct 2023AED 700,0001,039 sq ft674Resale
61319 Sep 2023AED 670,000963 sq ft696Resale

How we worked out the value

We took the 3 sales in MAG 540 in the last 24 months (2 bed), worked out the price per sq ft of each, and used the middle value (AED 987). We multiplied it by the size of this unit (1,040 sq ft). The range uses the middle half of those sales (AED 962 to AED 1,066 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,099,922. 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 501 at MAG 540 worth?

About AED 1,026,000 (range AED 1,000,000 to AED 1,109,000), based on AED 987 per sq ft from registered sales up to 25 Sep 2026.

When did unit 501 last sell?

4 Apr 2025, for AED 975,000 (resale). It has 1 registered sale.

What rent can unit 501 make?

A 2 bed in MAG 540 rents for about AED 72,000 a year (median asking rent). That is a gross yield of 7.0% on the estimate.

Sales alert for MAG 540All sales in MAG 540

Unit 413 · Unit 503