MAG 550
Studios to three-beds in Dubai South. 6 apartments sold in the last 12 months; every sale, rent and unit is below.
About MAG 550
MAG 550 is a six-storey residential building in Dubai South’s residential district, positioned a short drive from Expo City Dubai and Al Maktoum International Airport. Completed in 2019 as part of a larger mid-rise cluster, it offers an accessible, community-focused setting in one of the city’s newer growth corridors. Homes here are freehold apartments in studio, one, two and three-bedroom layouts. Buildings follow a contemporary, functional style with simple façades and practical floor plans, typically featuring balconies and large windows. The wider cluster is arranged around landscaped courtyards, giving many apartments open community views rather than high-rise skyline outlooks. Day-to-day living is supported by on-site amenities that usually include a residents’ gym, swimming pool, children’s play areas and internal jogging or cycling tracks, with ground-level retail and dining options within the surrounding complex. The building provides 24-hour security, concierge services and covered parking. District cooling is in place. While the area is still maturing, additional shops, services and community facilities continue to come on stream across Dubai South, with established schools, nurseries and clinics reachable by car in nearby communities. MAG 550 sits close to Emirates Road and Expo Road, with Jebel Ali–Lehbab Road providing another arterial route. Public transport remains limited in this pocket; most residents rely on private cars or ride-hailing, using the Route 2020 Metro stations at Expo City as the nearest rail access point. Leisure destinations such as the Emaar South golf course and Dubai Parks and Resorts are within driving distance, underscoring the area’s appeal for those seeking newer-build apartments, community amenities and comparatively easier access to the airport and Expo corridor.
86 apartments over 6 floors: 12 studios of 473 to 476 sqft, 48 one-beds of 634 to 667 sqft, 24 two-beds of 965 to 1,041 sqft and 2 three-beds of 2,519 to 2,522 sqft. The service charge is AED 16.63 per sqft a year.
6 apartments sold in the 12 months to October 2026, at a median of AED 1,062 per sqft. Most of the trading is in two-beds: 3 of the 6 sales, at AED 990,000 to 1,100,000. 47 rental contracts were registered over the same 12 months, at a typical AED 53,000 a year.
- Developer
- MAG
- Completed
- 2020
- Floors
- 6
- Units
- 86
- Unit types
- Studio to 3-bed
Average prices in MAG 550
In MAG 550, typical sale prices over the last 12 months were around AED 430,000 for studios, AED 739,000 for one-beds and AED 999,000 for two-beds.
Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.
Price history in MAG 550
Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.
Transaction history in MAG 550
- Completed2-bed · 965 sqft 26 Oct 2026AED 999,0001,035 /sqft
- Completed1-bed · 667 sqft 08 May 2026AED 727,0001,090 /sqft
- CompletedStudio · 476 sqft 06 May 2026AED 430,000903 /sqft
- Completed1-bed · 667 sqft 25 Dec 2025AED 750,0001,124 /sqft
- Completed2-bed · 965 sqft 17 Dec 2025AED 1,100,0001,140 /sqft
- Completed2-bed · 1,004 sqft 12 Dec 2025AED 990,000985 /sqft
- CompletedStudio · 476 sqft 31 Oct 2025AED 525,0001,102 /sqft
- Completed1-bed · 635 sqft 08 Oct 2025AED 650,0001,023 /sqft
- CompletedStudio · 473 sqft 18 Sep 2025AED 500,0001,056 /sqft
- Completed1-bed · 642 sqft 29 Jul 2025AED 700,0001,090 /sqft
Over the last 12 months, MAG 550 has recorded 6 apartment sales. Typical homes sold for around AED 870K (about AED 1,062 per sqft) with a median size of 816 sqft; most were two-beds, from roughly AED 430K to AED 1.1M.
Units in MAG 550
86 units- Unit 1012-bed · 1,040 sqftRented AED 100K/yr
- Unit 1021-bed · 666 sqftSold AED 545K, Jul 2024
- Unit 103Studio · 476 sqftSold AED 381K, Dec 2016
- Unit 1041-bed · 642 sqftSold AED 556K, Jul 2016
- Unit 1052-bed · 1,005 sqftSold AED 716K, Jun 2023
- Unit 1061-bed · 655 sqftSold AED 521K, Aug 2016
- Unit 107Studio · 473 sqftSold AED 386K, Jul 2016
- Unit 1081-bed · 642 sqftSold AED 550K, May 2024
- Unit 1091-bed · 638 sqftSold AED 520K, Jun 2024
- Unit 1101-bed · 638 sqftSold AED 529K, Oct 2018
Every unit in MAG 550, by number
- 101
- 102
- 103
- 104
- 105
- 106
- 107
- 108
- 109
- 110
- 111
- 112
- 113
- 114
- 201
- 202
- 203
- 204
- 205
- 206
- 207
- 208
- 209
- 210
- 211
- 212
- 213
- 214
- 301
- 302
- 303
- 304
- 305
- 306
- 307
- 308
- 309
- 310
- 311
- 312
- 313
- 314
- 401
- 402
- 403
- 404
- 405
- 406
- 407
- 408
- 409
- 410
- 411
- 412
- 413
- 414
- 501
- 502
- 503
- 504
- 505
- 506
- 507
- 508
- 509
- 510
- 511
- 512
- 513
- 514
- 601
- 602
- 603
- 604
- 605
- 606
- 607
- 608
- 609
- 610
- 611
- 612
- 613
- 614
- G-01
- G-02
By type: studios (12), one-beds (48), two-beds (24), three-beds (2).
Nearby buildings in Dubai South
All 125 →| Building | Completed | Sale /sqft | Rent /sqft | Yield |
|---|---|---|---|---|
| MAG 555 | 2020 | AED 1,265 | AED 98 | 7.7% |
| MAG 545 | 2020 | AED 1,059 | AED 78 | 7.4% |
| MAG 560 | 2020 | AED 1,085 | AED 92 | 8.5% |
| MAG 525 | 2020 | AED 1,117 | AED 80 | 7.1% |
| MAG 515 | 2020 | AED 1,092 | AED 96 | 8.8% |
| MAG 540 | 2020 | AED 1,150 | AED 86 | 7.5% |
| MAG 520 | 2020 | AED 1,180 | AED 93 | 7.9% |
| South Living | 2020 | Few sales | ||
| MAG 530 | 2020 | AED 1,133 | AED 78 | 6.9% |
| MAG 535 | 2020 | AED 1,036 | AED 79 | 7.6% |
MAG 550 in numbers
- Across 6 DLD sales in the 12 months to October 2026, the median price in MAG 550 was AED 1,062 per sqft and the typical home sold for about AED 870K.
- Completed in 2020 by MAG; 6 floors of studios to three-beds; service charge AED 16.63 per sqft a year.
- Two-beds of 965 to 1,041 sqft sold for AED 990,000 to 1,100,000 between December 2025 and October 2026, a median AED 1,035 per sqft.
- An one-bed of 634 to 667 sqft rents for AED 40,425 to 77,333 a year on the 26 contracts registered in the last 12 months.
- Gross rental yield 7.6%: the median rent per sqft over the median sale price per sqft, before service charges.
Source: Dubai Land Department. Updated 26 October 2026.
Questions about MAG 550
How much does a two-bed in MAG 550 cost?
3 two-beds sold in the 12 months to October 2026, for AED 990,000 to 1,100,000; the median was AED 999,000, or AED 1,035 per sqft.
How much is an one-bed for rent in MAG 550?
About AED 52,000 a year: that is the median of the 26 contracts for one-beds registered with Ejari in the 12 months to October 2026, from AED 40,425 to 77,333.
What is the rental yield in MAG 550?
About 7.6% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.
What is the service charge in MAG 550?
AED 16.63 per sqft a year. For a typical 816 sqft home that is about AED 13,600 a year.
Who built MAG 550 and when?
MAG; completed in 2020; 6 floors; 86 apartments.
How many apartments are there in MAG 550?
86, studios to three-beds. Each has its own page with its full sales and rental history.
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