303, MAG 550
Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 303, MAG 550
What is 303 worth today?
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Source: Dubai Land Department. Updated 20 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 3rd of 6
- Parking
- G-31
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 386K · August 2016
- Building
- MAG 550
About 303, MAG 550
303 is a studio of 476 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 24 August 2016 for AED 385,555, or AED 809 per sqft, in line with the AED 817 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 20 August 2026, is AED 39,000 a year: a gross yield of 10.1% on the 2016 price, before the service charge of about AED 7,900 a year.
Sales and rents for 303 over time
303 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in MAG 550, and where 303 sits
All 12 studios →303 last sold in August 2016 at AED 809 per sqft, in line with what studios in MAG 550 were fetching at the time (AED 817). Over the last 12 months studios sold for AED 430,000, around AED 902 per sqft, and rent for AED 27,773 to 48,000 a year. 303's AED 39,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 May 20266 May 2026 | 476 sqft | 430,000 | 902 | ||
| 31 Oct 202531 October 2025 | 476 sqft | 525,000 | 1,102 | ||
| 18 Sep 202518 September 2025 | 473 sqft | 500,000 | 1,056 | ||
| 4 Jun 20254 June 2025 | 476 sqft | 400,000 | 839 |
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
- 7.6%
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 | |
| 302 | 1-bed | 655 sqft | AED 521KAED 520,555 · Aug 2016August 2016 | 40,000 /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 |
303, MAG 550 in numbers
- Sold once: by MAG on 24 August 2016 for AED 385,555, or AED 809 per sqft.
- Rented since May 2020 on 7 Ejari contracts. The rent fell from AED 19,000 to AED 17,000 in 2021 and recovered to AED 39,000 by August 2026.
- At AED 39,000 a year the gross yield on the 2016 price is 10.1%, before a service charge of about AED 7,900 a year (AED 16.63 per sqft).
- Studios in MAG 550 sold for AED 430,000–430,000 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 20 August 2026.
Questions about 303, MAG 550
What did unit 303 last sell for?
AED 385,555 on 24 August 2016, sold by the developer: AED 809 per sqft for 476 sqft. It is the only registered sale of the unit.
What is the rent for unit 303?
AED 39,000 a year on the contract renewed on 20 August 2026. The previous contract, from August 2025, was AED 36,750; the unit has been rented since May 2020.
How big is unit 303?
476 sqft (44.2 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 303 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 550 sold for AED 430,000 to 430,000 in the last 12 months, around AED 902 per sqft.
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Mortgage on 303, MAG 550
Starts from the last sale price (AED 386K, 24 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 385,555
- Deposit, UAE resident (20%)
- AED 77,111
- Deposit, non-resident (40%)
- AED 154,222
- Monthly over 25 years at 3.7%
- AED 1,577
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →