201, MAG 550
Sold prices and rental history: sold once, by the developer in February 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 201, MAG 550
What is 201 worth today?
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Source: Dubai Land Department. Updated 5 June 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,040 sqft
- Floor
- 2nd of 6
- Parking
- G-15
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 17,300 /yr
- Last sold
- AED 700K · February 2020
- Building
- MAG 550
About 201, MAG 550
201 is a two-bedroom apartment of 1,040 sqft on the 2nd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 February 2020 for AED 700,000, or AED 673 per sqft.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 5 June 2025, is AED 63,000 a year: a gross yield of 9.0% on the 2020 price, before the service charge of about AED 17,300 a year.
Sales and rents for 201 over time
201 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 201 sits
All 24 2-beds →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. 201's AED 63,000 is in the lower 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 2nd floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 202 | 1-bed | 666 sqft | AED 460KAED 460,000 · Jan 2024January 2024 | 54,000 /yr | |
| 203 | Studio | 476 sqft | AED 415KAED 415,000 · Jun 2024June 2024 | 21,000 /yr | |
| 204 | 1-bed | 642 sqft | AED 440KAED 440,000 · Oct 2023October 2023 | 57,845 /yr | |
| 205 | 2-bed | 1,005 sqft | AED 990KAED 990,000 · Dec 2025December 2025 | 75,000 /yr | |
| 206 | 1-bed | 655 sqft | AED 536KAED 535,555 · May 2016May 2016 | 60,000 /yr | |
| 207 | Studio | 473 sqft | AED 390KAED 390,000 · May 2024May 2024 | 44,000 /yr | |
| 208 | 1-bed | 642 sqft | AED 550KAED 550,000 · Jul 2024July 2024 | 55,000 /yr | |
| 209 | 1-bed | 638 sqft | AED 539KAED 538,790 · May 2018May 2018 | 60,000 /yr | |
| 210 | 1-bed | 638 sqft | AED 490KAED 490,000 · Feb 2024February 2024 | 55,000 /yr | |
| 211 | 1-bed | 634 sqft | AED 529KAED 528,550 · Mar 2018March 2018 | 52,000 /yr | |
| 212 | 1-bed | 635 sqft | AED 520KAED 520,000 · Sep 2018September 2018 | 29,500 /yr | |
| 213 | 2-bed | 965 sqft | No registered sale | 80,000 /yr | |
| 214 | 2-bed | 965 sqft | AED 926KAED 926,100 · Dec 2024December 2024 | 75,000 /yr |
201, MAG 550 in numbers
- Sold once: by MAG on 26 February 2020 for AED 700,000, or AED 673 per sqft.
- Rented since May 2020 on 6 Ejari contracts, from AED 45,000 to AED 63,000 a year.
- At AED 63,000 a year the gross yield on the 2020 price is 9.0%, before a service charge of about AED 17,300 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 5 June 2025.
Questions about 201, MAG 550
What did unit 201 last sell for?
AED 700,000 on 26 February 2020, sold by the developer: AED 673 per sqft for 1,040 sqft. It is the only registered sale of the unit.
What is the rent for unit 201?
AED 63,000 a year on the contract signed on 5 June 2025. The previous contract, from June 2025, was AED 63,000; the unit has been rented since May 2020.
How big is unit 201?
1,040 sqft (96.6 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 201 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 201, MAG 550
Starts from the last sale price (AED 700K, 26 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →