Unit 503, MAG 540: what it sold for and what it is worth now

Unit 503 at MAG 540 is a studio of 476 sq ft. It last sold for AED 302,000 on 18 Apr 2023. At AED 1,084 per sq ft, from 16 sales in the building in the last 24 months, it is worth about AED 516,000 today.

Value todayAED 516,000AED 480,000 to AED 545,000
Last saleAED 302,00018 Apr 2023 · Resale
Change since last sale+70.9%Building trend alone: AED 559,805
Rent (median asking, studio)AED 46,000Gross yield 8.9%
Bedroomsstudio
Size476 sq ft
Floor5 (from the unit number)
Position in the towerStack 03: units ending 03 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 503

DatePriceSizeAED/sq ftType
18 Apr 2023AED 302,000476 sq ft634Resale

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10313 Mar 2023AED 270,000476 sq ft567Resale
60321 Dec 2022AED 270,000476 sq ft567Resale
2037 Sep 2022AED 275,000476 sq ft578Resale
3031 Sep 2022AED 270,000476 sq ft567Resale

Latest studio sales in MAG 540

UnitDatePriceSizeAED/sq ftType
6079 Jun 2023AED 300,000476 sq ft630Resale
10313 Mar 2023AED 270,000476 sq ft567Resale
50728 Dec 2022AED 275,000476 sq ft578Resale
60321 Dec 2022AED 270,000476 sq ft567Resale
2037 Sep 2022AED 275,000476 sq ft578Resale
2076 Sep 2022AED 270,000476 sq ft567Resale
3031 Sep 2022AED 270,000476 sq ft567Resale

How we worked out the value

We took the 16 sales in MAG 540 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,084). We multiplied it by the size of this unit (476 sq ft). The range uses the middle half of those sales (AED 1,008 to AED 1,146 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 559,805. 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 503 at MAG 540 worth?

About AED 516,000 (range AED 480,000 to AED 545,000), based on AED 1,084 per sq ft from registered sales up to 25 Sep 2026.

When did unit 503 last sell?

18 Apr 2023, for AED 302,000 (resale). It has 1 registered sale.

What rent can unit 503 make?

A studio in MAG 540 rents for about AED 46,000 a year (median asking rent). That is a gross yield of 8.9% on the estimate.

Sales alert for MAG 540All sales in MAG 540

Unit 501 · Unit 506