1-bed · 655 sqftMAG 550, Dubai South · 1st floor · completed 2020

106, MAG 550

Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 106 · DLD and Ejari recordsUpdated 31 December 2025
Last soldAED 521K24 August 2016
Current rentAED 41K /yr31 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 106, MAG 550

What is 106 worth today?

Last sold for AED 520,555 in 2016

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31 Dec 2025RentedRenewal
AED 40,500/yr12 months · AED 61 per sqft
31 Dec 2024RentedRenewal
AED 37,190/yr12 months · AED 56 per sqft
31 Dec 2023RentedRenewal
AED 33,810/yr12 months · AED 51 per sqft
31 Dec 2022RentedRenewal
AED 29,400/yr12 months · AED 44 per sqft
31 Dec 2022RentedNew contract
AED 29,400/yr12 months · AED 44 per sqft
31 Dec 2021RentedRenewal
AED 28,000/yr12 months · AED 42 per sqft
31 Dec 2020RentedNew contract
AED 28,000/yr12 months · AED 42 per sqft
31 Dec 2019RentedNew contract
AED 28,000/yr12 months · AED 42 per sqft

Source: Dubai Land Department. Updated 31 December 2025.

Key facts

Type
1-bed apartment
Size
655 sqft
Floor
1st of 6
Parking
G-06
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 521K · August 2016
Building
MAG 550

About 106, MAG 550

106 is a one-bedroom apartment of 655 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 24 August 2016 for AED 520,555, or AED 794 per sqft, 6% below the AED 849 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 December 2025, is AED 40,500 a year: a gross yield of 7.8% on the 2016 price, before the service charge of about AED 10,900 a year.

Sales and rents for 106 over time

Sales
Unit 106, each saleTypical one-bed in MAG 550
500K600K2016201920222025Typical sale price by year: 2016 AED 540,555; 2017 AED 515,000; 2018 AED 531,209; 2019 AED 515,555; 2023 AED 445,000; 2024 AED 535,000; 2025 AED 645,000Sold by developer, August 2016: AED 520,555 (AED 794 per sqft)

106 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 106, each contractTypical one-bed in MAG 550
40K20192021202320252027Typical rent by year: 2019 AED 30,000; 2020 AED 28,000; 2021 AED 27,000; 2022 AED 28,000; 2023 AED 33,000; 2024 AED 43,500; 2025 AED 50,000; 2026 AED 52,000New contract, December 2019: AED 28,000 a yearNew contract, December 2020: AED 28,000 a yearRenewal, December 2021: AED 28,000 a yearRenewal, December 2022: AED 29,400 a yearNew contract, December 2022: AED 29,400 a yearRenewal, December 2023: AED 33,810 a yearRenewal, December 2024: AED 37,190 a yearRenewal, December 2025: AED 40,500 a year

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 106 sits

All 48 1-beds →

106 last sold in August 2016 at AED 794 per sqft, 6% below what one-beds in MAG 550 were fetching at the time (AED 849). 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. 106's AED 40,500 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 May 2026727,000
25 Dec 2025750,000
8 Oct 2025650,000
29 Jul 2025700,000
2 1-bed sales in the last 12 months

MAG 550

Building

86 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
7.7%
MAG 550, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 86 units in MAG 550
Value
1012-bedNo registered sale
1021-bedAED 545K · Jul 2024
103StudioAED 381K · Dec 2016
1041-bedAED 556K · Jul 2016
1052-bedAED 716K · Jun 2023
107StudioAED 386K · Jul 2016
1081-bedAED 550K · May 2024
1–7 of 13

106, MAG 550 in numbers

  • Sold once: by MAG on 24 August 2016 for AED 520,555, or AED 794 per sqft.
  • Rented since December 2019 on 8 Ejari contracts, from AED 28,000 to AED 40,500 a year.
  • At AED 40,500 a year the gross yield on the 2016 price is 7.8%, before a service charge of about AED 10,900 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 December 2025.

Questions about 106, MAG 550

What did unit 106 last sell for?

AED 520,555 on 24 August 2016, sold by the developer: AED 794 per sqft for 655 sqft. It is the only registered sale of the unit.

What is the rent for unit 106?

AED 40,500 a year on the contract renewed on 31 December 2025. The previous contract, from December 2024, was AED 37,190; the unit has been rented since December 2019.

How big is unit 106?

655 sqft (60.9 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 106 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 106, MAG 550

Starts from the last sale price (AED 521K, 24 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 520,555
Deposit, UAE resident (20%)
AED 104,111
Deposit, non-resident (40%)
AED 208,222
Monthly over 25 years at 3.7%
AED 2,130

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →