111, MAG 550
Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 111, MAG 550
What is 111 worth today?
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Source: Dubai Land Department. Updated 4 April 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 634 sqft
- Floor
- 1st of 6
- Parking
- G-11
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,500 /yr
- Last sold
- AED 539K · May 2018
- Building
- MAG 550
About 111, MAG 550
111 is a one-bedroom apartment of 634 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 9 May 2018 for AED 538,690, or AED 849 per sqft, in line with the AED 833 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 4 April 2026, is AED 52,000 a year: a gross yield of 9.7% on the 2018 price, before the service charge of about AED 10,500 a year.
Sales and rents for 111 over time
111 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 111 sits
All 48 1-beds →111 last sold in May 2018 at AED 849 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 833). 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. 111's AED 52,000 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
- 7.6%
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 | |
| 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 | |
| 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 |
111, MAG 550 in numbers
- Sold once: by MAG on 9 May 2018 for AED 538,690, or AED 849 per sqft.
- Rented since April 2023 on 5 Ejari contracts, from AED 42,000 to AED 52,000 a year.
- At AED 52,000 a year the gross yield on the 2018 price is 9.7%, before a service charge of about AED 10,500 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 4 April 2026.
Questions about 111, MAG 550
What did unit 111 last sell for?
AED 538,690 on 9 May 2018, sold by the developer: AED 849 per sqft for 634 sqft. It is the only registered sale of the unit.
What is the rent for unit 111?
AED 52,000 a year on the contract renewed on 4 April 2026. The previous contract, from April 2025, was AED 52,000; the unit has been rented since April 2023.
How big is unit 111?
634 sqft (58.9 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.
What is unit 111 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 111, MAG 550
Starts from the last sale price (AED 539K, 9 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 538,690
- Deposit, UAE resident (20%)
- AED 107,738
- Deposit, non-resident (40%)
- AED 215,476
- Monthly over 25 years at 3.7%
- AED 2,204
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →