203, MAG 550
Sold prices and rental history: sold twice, last in June 2024, 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 203, MAG 550
What is 203 worth today?
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Source: Dubai Land Department. Updated 3 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 2nd of 6
- Parking
- G-17
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 415K · June 2024
- Building
- MAG 550
About 203, MAG 550
203 is a studio of 476 sqft on the 2nd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 3 June 2024 for AED 415,000, or AED 871 per sqft, 8% above the AED 805 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 10 April 2023, is AED 21,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 7,900 a year.
Sales and rents for 203 over time
203 has sold twice; 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 203 sits
All 12 studios →203 last sold in June 2024 at AED 871 per sqft, 8% above what studios in MAG 550 were fetching at the time (AED 805). 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. 203's AED 21,000 is at the bottom 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 2nd floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 2-bed | 1,040 sqft | AED 700KAED 700,000 · Feb 2020February 2020 | 63,000 /yr | |
| 202 | 1-bed | 666 sqft | AED 460KAED 460,000 · Jan 2024January 2024 | 54,000 /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 |
203, MAG 550 in numbers
- Sold twice: first on 30 October 2016 for AED 380,555, last on 3 June 2024 for AED 415,000 (AED 871 per sqft).
- Rented since January 2020 on 4 Ejari contracts. The rent fell from AED 23,000 to AED 18,000 in 2022 and recovered to AED 21,000 by April 2023.
- At AED 21,000 a year the gross yield on the 2024 price is 5.1%, 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 3 June 2024.
Questions about 203, MAG 550
What did unit 203 last sell for?
AED 415,000 on 3 June 2024: AED 871 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 380,555 in October 2016.
What is the rent for unit 203?
AED 21,000 a year on the contract renewed on 10 April 2023. The previous contract, from April 2022, was AED 18,000; the unit has been rented since January 2020.
How big is unit 203?
476 sqft (44.2 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 203 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.
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Mortgage on 203, MAG 550
Starts from the last sale price (AED 415K, 3 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 415,000
- Deposit, UAE resident (20%)
- AED 83,000
- Deposit, non-resident (40%)
- AED 166,000
- Monthly over 25 years at 3.7%
- AED 1,698
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →