302, MAG 550
Sold prices and rental history: sold once, by the developer in August 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 302, MAG 550
What is 302 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 17 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 655 sqft
- Floor
- 3rd of 6
- Parking
- G-30
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,900 /yr
- Last sold
- AED 521K · August 2016
- Building
- MAG 550
About 302, MAG 550
302 is a one-bedroom apartment of 655 sqft on the 3rd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 16 August 2016 for AED 520,555, or AED 795 per sqft, 7% below the AED 853 one-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 17 December 2022, is AED 40,000 a year: a gross yield of 7.7% on the 2016 price, before the service charge of about AED 10,900 a year.
Sales and rents for 302 over time
302 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 302 sits
All 48 1-beds →302 last sold in August 2016 at AED 795 per sqft, 7% below what one-beds in MAG 550 were fetching at the time (AED 853). 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. 302's AED 40,000 is at the bottom 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 3rd floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,040 sqft | AED 719KAED 718,598 · Feb 2023February 2023 | 75,000 /yr | |
| 303 | Studio | 476 sqft | AED 386KAED 385,555 · Aug 2016August 2016 | 39,000 /yr | |
| 304 | 1-bed | 642 sqft | AED 450KAED 450,000 · Feb 2020February 2020 | 34,312 /yr | |
| 305 | 2-bed | 1,005 sqft | AED 850KAED 850,000 · Oct 2021October 2021 | 70,000 /yr | |
| 306 | 1-bed | 666 sqft | AED 640KAED 640,000 · Aug 2024August 2024 | 56,000 /yr | |
| 307 | Studio | 473 sqft | AED 500KAED 500,000 · Sep 2025September 2025 | 43,000 /yr | |
| 308 | 1-bed | 642 sqft | AED 530KAED 530,000 · May 2024May 2024 | 26,861 /yr | |
| 309 | 1-bed | 638 sqft | AED 455KAED 455,000 · Feb 2019February 2019 | 48,500 /yr | |
| 310 | 1-bed | 638 sqft | AED 529KAED 529,259 · Nov 2017November 2017 | 47,000 /yr | |
| 311 | 1-bed | 634 sqft | AED 500KAED 499,999 · Sep 2018September 2018 | 26,000 /yr | |
| 312 | 1-bed | 635 sqft | AED 535KAED 535,000 · Sep 2024September 2024 | 30,000 /yr | |
| 313 | 2-bed | 965 sqft | AED 905KAED 905,000 · Jun 2024June 2024 | 80,000 /yr | |
| 314 | 2-bed | 965 sqft | AED 1.1MAED 1,100,000 · Dec 2025December 2025 | 71,000 /yr |
302, MAG 550 in numbers
- Sold once: by MAG on 16 August 2016 for AED 520,555, or AED 795 per sqft.
- Rented since August 2019 on 2 Ejari contracts, from AED 42,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2016 price is 7.7%, 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 17 December 2022.
Questions about 302, MAG 550
What did unit 302 last sell for?
AED 520,555 on 16 August 2016, sold by the developer: AED 795 per sqft for 655 sqft. It is the only registered sale of the unit.
What is the rent for unit 302?
AED 40,000 a year on the contract signed on 17 December 2022. The previous contract, from August 2019, was AED 42,000.
How big is unit 302?
655 sqft (60.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 302 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.
Selling 302? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 302, MAG 550
Starts from the last sale price (AED 521K, 16 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 520,555
- Deposit, UAE resident (20%)
- AED 104,111
- Deposit, non-resident (40%)
- AED 208,222
- Monthly over 25 years at 3.7%
- AED 2,130
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →