107, 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 107, MAG 550
What is 107 worth today?
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Source: Dubai Land Department. Updated 5 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 1st of 6
- Parking
- G-07
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 386K · July 2016
- Building
- MAG 550
About 107, MAG 550
107 is a studio of 473 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 385,555, or AED 814 per sqft, in line with the AED 814 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 5 June 2025, is AED 38,000 a year: a gross yield of 9.9% on the 2016 price, before the service charge of about AED 7,900 a year.
Sales and rents for 107 over time
107 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 550, and where 107 sits
All 12 studios →107 last sold in July 2016 at AED 814 per sqft, in line with what studios in MAG 550 were fetching at the time (AED 814). Over the last 12 months studios sold for AED 430,000, around AED 902 per sqft, and rent for AED 27,773 to 48,000 a year. 107's AED 38,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 May 20266 May 2026 | 476 sqft | 430,000 | 902 | ||
| 31 Oct 202531 October 2025 | 476 sqft | 525,000 | 1,102 | ||
| 18 Sep 202518 September 2025 | 473 sqft | 500,000 | 1,056 | ||
| 4 Jun 20254 June 2025 | 476 sqft | 400,000 | 839 |
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 | |
| 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 | |
| 106 | 1-bed | 655 sqft | AED 521KAED 520,555 · Aug 2016August 2016 | 40,500 /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 |
107, MAG 550 in numbers
- Sold once: by MAG on 28 July 2016 for AED 385,555, or AED 814 per sqft.
- Rented since August 2019 on 7 Ejari contracts, from AED 23,000 to AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2016 price is 9.9%, before a service charge of about AED 7,900 a year (AED 16.63 per sqft).
- Studios in MAG 550 sold for AED 430,000–430,000 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 5 June 2025.
Questions about 107, MAG 550
What did unit 107 last sell for?
AED 385,555 on 28 July 2016, sold by the developer: AED 814 per sqft for 473 sqft. It is the only registered sale of the unit.
What is the rent for unit 107?
AED 38,000 a year on the contract renewed on 5 June 2025. The previous contract, from June 2025, was AED 38,000; the unit has been rented since August 2019.
How big is unit 107?
473 sqft (43.9 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 107 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 550 sold for AED 430,000 to 430,000 in the last 12 months, around AED 902 per sqft.
Selling 107? Put it on the OpenOffers board
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Mortgage on 107, MAG 550
Starts from the last sale price (AED 386K, 28 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 385,555
- Deposit, UAE resident (20%)
- AED 77,111
- Deposit, non-resident (40%)
- AED 154,222
- Monthly over 25 years at 3.7%
- AED 1,577
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →