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1-bed · 655 sqftMAG 550, Dubai South · 2nd floor · completed 2020

206, MAG 550

Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 206 · DLD and Ejari recordsUpdated 23 September 2026
Last soldAED 536K29 May 2016
Current rentAED 60K /yr23 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 206, MAG 550

What is 206 worth today?

Last sold for AED 535,555 in 2016

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23 Sep 2026RentedNew contract
AED 60,000/yr12 months · AED 90 per sqft
23 Sep 2024RentedNew contract
AED 60,000/yr12 months · AED 90 per sqft
1 Sep 2023RentedRenewal
AED 39,000/yr12 months · AED 58 per sqft
1 Sep 2022RentedNew contract
AED 37,000/yr12 months · AED 55 per sqft
29 May 2016Sold by developerOff-plan
AED 535,555AED 817 per sqft

Source: Dubai Land Department. Updated 23 September 2026.

Key facts

Type
1-bed apartment
Size
655 sqft
Floor
2nd of 6
Parking
G-20
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 536K · May 2016
Building
MAG 550

About 206, MAG 550

206 is a one-bedroom apartment of 655 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 29 May 2016 for AED 535,555, or AED 817 per sqft, 7% below the AED 877 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 23 September 2026, is AED 60,000 a year: a gross yield of 11.2% on the 2016 price, before the service charge of about AED 10,900 a year.

Sales and rents for 206 over time

Sales
Unit 206, each saleTypical one-bed in MAG 550
500K600K2016201920222025Typical sale price by year: 2016 AED 540,555; 2017 AED 515,000; 2018 AED 531,209; 2019 AED 515,555; 2023 AED 445,000; 2024 AED 535,000; 2025 AED 645,000Sold by developer, May 2016: AED 535,555 (AED 817 per sqft)

206 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 206, each contractTypical one-bed in MAG 550
40K60K201920222025Typical rent by year: 2019 AED 30,000; 2020 AED 28,000; 2021 AED 27,000; 2022 AED 28,000; 2023 AED 33,000; 2024 AED 43,500; 2025 AED 50,000; 2026 AED 52,000New contract, September 2022: AED 37,000 a yearRenewal, September 2023: AED 39,000 a yearNew contract, September 2024: AED 60,000 a yearNew contract, September 2026: AED 60,000 a year

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 206 sits

All 48 1-beds →

206 last sold in May 2016 at AED 817 per sqft, 7% below what one-beds in MAG 550 were fetching at the time (AED 877). 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. 206's AED 60,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 May 2026727,000
25 Dec 2025750,000
8 Oct 2025650,000
29 Jul 2025700,000
2 1-bed sales in the last 12 months

MAG 550

Building

86 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%
MAG 550, Dubai South: prices, sales and rents →

Other units on the 2nd floor

All 86 units in MAG 550
Value
2012-bedAED 700K · Feb 2020
2021-bedAED 460K · Jan 2024
203StudioAED 415K · Jun 2024
2041-bedAED 440K · Oct 2023
2052-bedAED 990K · Dec 2025
207StudioAED 390K · May 2024
2081-bedAED 550K · Jul 2024
1–7 of 13

206, MAG 550 in numbers

  • Sold once: by MAG on 29 May 2016 for AED 535,555, or AED 817 per sqft.
  • Rented since September 2022 on 4 Ejari contracts, from AED 37,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2016 price is 11.2%, before a service charge of about AED 10,900 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 23 September 2026.

Questions about 206, MAG 550

What did unit 206 last sell for?

AED 535,555 on 29 May 2016, sold by the developer: AED 817 per sqft for 655 sqft. It is the only registered sale of the unit.

What is the rent for unit 206?

AED 60,000 a year on the contract signed on 23 September 2026. The previous contract, from September 2024, was AED 60,000; the unit has been rented since September 2022.

How big is unit 206?

655 sqft (60.9 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 206 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 206, MAG 550

Starts from the last sale price (AED 536K, 29 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 535,555
Deposit, UAE resident (20%)
AED 107,111
Deposit, non-resident (40%)
AED 214,222
Monthly over 25 years at 3.7%
AED 2,191

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →