204, MAG 550
Sold prices and rental history: sold twice, last in October 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 204, MAG 550
What is 204 worth today?
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Source: Dubai Land Department. Updated 4 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 642 sqft
- Floor
- 2nd of 6
- Parking
- G-18
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,700 /yr
- Last sold
- AED 440K · October 2023
- Building
- MAG 550
About 204, MAG 550
204 is a one-bedroom apartment of 642 sqft on the 2nd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 24 October 2023 for AED 440,000, or AED 685 per sqft, in line with the AED 689 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 4 May 2026, is AED 57,845 a year: a gross yield of 13.2% on the 2023 price, before the service charge of about AED 10,700 a year.
Sales and rents for 204 over time
204 has sold twice; 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 204 sits
All 48 1-beds →204 last sold in October 2023 at AED 685 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 689). 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. 204's AED 57,845 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
- 7.7%
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 | |
| 203 | Studio | 476 sqft | AED 415KAED 415,000 · Jun 2024June 2024 | 21,000 /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 |
204, MAG 550 in numbers
- Sold twice: first on 6 January 2019 for AED 600,000, last on 24 October 2023 for AED 440,000 (AED 685 per sqft).
- Rented since July 2022 on 3 Ejari contracts, from AED 28,000 to AED 57,845 a year.
- At AED 57,845 a year the gross yield on the 2023 price is 13.2%, before a service charge of about AED 10,700 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 May 2026.
Questions about 204, MAG 550
What did unit 204 last sell for?
AED 440,000 on 24 October 2023: AED 685 per sqft for 642 sqft. The unit has 2 registered sales; the first was AED 600,000 in January 2019.
What is the rent for unit 204?
AED 57,845 a year on the contract signed on 4 May 2026. The previous contract, from August 2025, was AED 49,866; the unit has been rented since July 2022.
How big is unit 204?
642 sqft (59.6 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 204 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 204, MAG 550
Starts from the last sale price (AED 440K, 24 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →