114, MAG 550
Sold prices and rental history: sold once, by the developer in June 2024, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 114, MAG 550
What is 114 worth today?
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Source: Dubai Land Department. Updated 12 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 965 sqft
- Floor
- 1st of 6
- Parking
- G-14
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 16,100 /yr
- Last sold
- AED 905K · June 2024
- Building
- MAG 550
About 114, MAG 550
114 is a two-bedroom apartment of 965 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 10 June 2024 for AED 905,000, or AED 937 per sqft, in line with the AED 937 two-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 12 September 2026, is AED 78,000 a year: a gross yield of 8.6% on the 2024 price, before the service charge of about AED 16,100 a year.
Sales and rents for 114 over time
114 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in MAG 550, and where 114 sits
All 24 2-beds →114 last sold in June 2024 at AED 937 per sqft, in line with what two-beds in MAG 550 were fetching at the time (AED 937). Over the last 12 months two-beds sold for AED 990,000 to 1,100,000, around AED 1,035 per sqft, and rent for AED 55,000 to 80,000 a year. 114's AED 78,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 965 sqft | 999,000 | 1,035 | ||
| 17 Dec 202517 December 2025 | 965 sqft | 1,100,000 | 1,139 | ||
| 12 Dec 202512 December 2025 | 1,005 sqft | 990,000 | 985 | ||
| 17 Dec 202417 December 2024 | 965 sqft | 926,100 | 959 |
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 | |
| 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, MAG 550 in numbers
- Sold once: by MAG on 10 June 2024 for AED 905,000, or AED 937 per sqft.
- Rented since September 2019 on 3 Ejari contracts, from AED 75,000 to AED 78,000 a year.
- At AED 78,000 a year the gross yield on the 2024 price is 8.6%, before a service charge of about AED 16,100 a year (AED 16.63 per sqft).
- Two-beds in MAG 550 sold for AED 990,000–1,100,000 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 12 September 2026.
Questions about 114, MAG 550
What did unit 114 last sell for?
AED 905,000 on 10 June 2024, sold by the developer: AED 937 per sqft for 965 sqft. It is the only registered sale of the unit.
What is the rent for unit 114?
AED 78,000 a year on the contract signed on 12 September 2026. The previous contract, from August 2024, was AED 70,000; the unit has been rented since September 2019.
How big is unit 114?
965 sqft (89.7 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.
What is unit 114 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 550 sold for AED 990,000 to 1,100,000 in the last 12 months, around AED 1,035 per sqft.
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Mortgage on 114, MAG 550
Starts from the last sale price (AED 905K, 10 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 905,000
- Deposit, UAE resident (20%)
- AED 181,000
- Deposit, non-resident (40%)
- AED 362,000
- Monthly over 25 years at 3.7%
- AED 3,703
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →