104, MAG 550
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 104, MAG 550
What is 104 worth today?
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Source: Dubai Land Department. Updated 31 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 642 sqft
- Floor
- 1st of 6
- Parking
- G-04
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,700 /yr
- Last sold
- AED 556K · July 2016
- Building
- MAG 550
About 104, MAG 550
104 is a one-bedroom apartment of 642 sqft on the 1st floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 28 July 2016 for AED 556,475, or AED 866 per sqft, in line with the AED 858 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, renewed on 31 May 2026, is AED 40,425 a year: a gross yield of 7.3% on the 2016 price, before the service charge of about AED 10,700 a year.
Sales and rents for 104 over time
104 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in MAG 550, and where 104 sits
All 48 1-beds →104 last sold in July 2016 at AED 866 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 858). Over the last 12 months one-beds sold for AED 727,000 to 750,000, around AED 1,107 per sqft, and rent for AED 40,425 to 77,333 a year. 104's AED 40,425 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 May 20268 May 2026 | 667 sqft | 727,000 | 1,089 | ||
| 25 Dec 202525 December 2025 | 667 sqft | 750,000 | 1,124 | ||
| 8 Oct 20258 October 2025 | 635 sqft | 650,000 | 1,023 | ||
| 29 Jul 202529 July 2025 | 642 sqft | 700,000 | 1,089 |
MAG 550
Building86 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 6 sold in the last 12 months.
- Typical price per sqft
- AED 1,062
- Typical sale
- AED 870K
- Typical rent
- AED 53K /yr
- Typical yield
- 7.6%
Other units on the 1st floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 1,040 sqft | No registered sale | 100,000 /yr | |
| 102 | 1-bed | 666 sqft | AED 545KAED 545,000 · Jul 2024July 2024 | 52,000 /yr | |
| 103 | Studio | 476 sqft | AED 381KAED 380,555 · Dec 2016December 2016 | 27,773 /yr | |
| 105 | 2-bed | 1,005 sqft | AED 716KAED 715,920 · Jun 2023June 2023 | 65,000 /yr | |
| 106 | 1-bed | 655 sqft | AED 521KAED 520,555 · Aug 2016August 2016 | 40,500 /yr | |
| 107 | Studio | 473 sqft | AED 386KAED 385,555 · Jul 2016July 2016 | 38,000 /yr | |
| 108 | 1-bed | 642 sqft | AED 550KAED 550,000 · May 2024May 2024 | 50,000 /yr | |
| 109 | 1-bed | 638 sqft | AED 520KAED 520,000 · Jun 2024June 2024 | 53,000 /yr | |
| 110 | 1-bed | 638 sqft | AED 529KAED 529,000 · Oct 2018October 2018 | 50,000 /yr | |
| 111 | 1-bed | 634 sqft | AED 539KAED 538,690 · May 2018May 2018 | 52,000 /yr | |
| 112 | 1-bed | 635 sqft | AED 528KAED 528,000 · Apr 2018April 2018 | 52,000 /yr | |
| 113 | 2-bed | 965 sqft | No registered sale | 75,000 /yr | |
| 114 | 2-bed | 965 sqft | AED 905KAED 905,000 · Jun 2024June 2024 | 78,000 /yr |
104, MAG 550 in numbers
- Sold once: by MAG on 28 July 2016 for AED 556,475, or AED 866 per sqft.
- Rented since September 2019 on 8 Ejari contracts, from AED 26,500 to AED 40,425 a year.
- At AED 40,425 a year the gross yield on the 2016 price is 7.3%, before a service charge of about AED 10,700 a year (AED 16.63 per sqft).
- One-beds in MAG 550 sold for AED 727,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 1,062 per sqft.
Source: Dubai Land Department. Updated 31 May 2026.
Questions about 104, MAG 550
What did unit 104 last sell for?
AED 556,475 on 28 July 2016, sold by the developer: AED 866 per sqft for 642 sqft. It is the only registered sale of the unit.
What is the rent for unit 104?
AED 40,425 a year on the contract renewed on 31 May 2026. The previous contract, from May 2025, was AED 36,750; the unit has been rented since September 2019.
How big is unit 104?
642 sqft (59.6 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.
What is unit 104 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 550 sold for AED 727,000 to 750,000 in the last 12 months, around AED 1,107 per sqft.
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Mortgage on 104, MAG 550
Starts from the last sale price (AED 556K, 28 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 556,475
- Deposit, UAE resident (20%)
- AED 111,295
- Deposit, non-resident (40%)
- AED 222,590
- Monthly over 25 years at 3.7%
- AED 2,277
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →