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.
Property timeline for 106, MAG 550
What is 106 worth today?
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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
106 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 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 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
- 7.7%
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 | |
| 104 | 1-bed | 642 sqft | AED 556KAED 556,475 · Jul 2016July 2016 | 40,425 /yr | |
| 105 | 2-bed | 1,005 sqft | AED 716KAED 715,920 · Jun 2023June 2023 | 65,000 /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 |
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 →