214, MAG 550
Sold prices and rental history: sold once, by the developer in December 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 214, MAG 550
What is 214 worth today?
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Source: Dubai Land Department. Updated 1 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 965 sqft
- Floor
- 2nd of 6
- Parking
- G-28
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 16,100 /yr
- Last sold
- AED 926K · December 2024
- Building
- MAG 550
About 214, MAG 550
214 is a two-bedroom apartment of 965 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 17 December 2024 for AED 926,100, or AED 959 per sqft, in line with the AED 948 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 July 2026, is AED 75,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 16,100 a year.
Sales and rents for 214 over time
214 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 214 sits
All 24 2-beds →214 last sold in December 2024 at AED 959 per sqft, in line with what two-beds in MAG 550 were fetching at the time (AED 948). 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. 214's AED 75,000 is in the upper 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 | ||
| 22 Aug 202422 August 2024 | 965 sqft | 925,000 | 958 |
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 | |
| 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, MAG 550 in numbers
- Sold once: by MAG on 17 December 2024 for AED 926,100, or AED 959 per sqft.
- Rented since September 2019 on 5 Ejari contracts, at AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 16,100 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 1 July 2026.
Questions about 214, MAG 550
What did unit 214 last sell for?
AED 926,100 on 17 December 2024, sold by the developer: AED 959 per sqft for 965 sqft. It is the only registered sale of the unit.
What is the rent for unit 214?
AED 75,000 a year on the contract signed on 1 July 2026. The previous contract, from March 2026, was AED 80,000; the unit has been rented since September 2019.
How big is unit 214?
965 sqft (89.7 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 214 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 214, MAG 550
Starts from the last sale price (AED 926K, 17 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 926,100
- Deposit, UAE resident (20%)
- AED 185,220
- Deposit, non-resident (40%)
- AED 370,440
- Monthly over 25 years at 3.7%
- AED 3,789
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →