209, MAG 550
Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 209, MAG 550
What is 209 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 638 sqft
- Floor
- 2nd of 6
- Parking
- G-23
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,600 /yr
- Last sold
- AED 539K · May 2018
- Building
- MAG 550
About 209, MAG 550
209 is a one-bedroom apartment of 638 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 10 May 2018 for AED 538,790, or AED 844 per sqft, in line with the AED 839 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 1 October 2026, is AED 60,000 a year: a gross yield of 11.1% on the 2018 price, before the service charge of about AED 10,600 a year.
Sales and rents for 209 over time
209 has sold once; 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 209 sits
All 48 1-beds →209 last sold in May 2018 at AED 844 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 839). 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. 209's AED 60,000 is in the upper 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 | |
| 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 | |
| 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 |
209, MAG 550 in numbers
- Sold once: by MAG on 10 May 2018 for AED 538,790, or AED 844 per sqft.
- Rented since August 2023 on 4 Ejari contracts, from AED 42,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2018 price is 11.1%, before a service charge of about AED 10,600 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 1 October 2026.
Questions about 209, MAG 550
What did unit 209 last sell for?
AED 538,790 on 10 May 2018, sold by the developer: AED 844 per sqft for 638 sqft. It is the only registered sale of the unit.
What is the rent for unit 209?
AED 60,000 a year on the contract signed on 1 October 2026. The previous contract, from March 2025, was AED 50,000; the unit has been rented since August 2023.
How big is unit 209?
638 sqft (59.3 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 209 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 209, MAG 550
Starts from the last sale price (AED 539K, 10 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 538,790
- Deposit, UAE resident (20%)
- AED 107,758
- Deposit, non-resident (40%)
- AED 215,516
- Monthly over 25 years at 3.7%
- AED 2,204
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →