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2-bed · 1,005 sqftMAG 550, Dubai South · 3rd floor · completed 2020

305, MAG 550

Sold prices and rental history: sold once, by the developer in October 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 15 May 2025
Last soldAED 850K26 October 2021
Current rentAED 70K /yr15 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, MAG 550

What is 305 worth today?

Last sold for AED 850,000 in 2021

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15 May 2025RentedNew contract
AED 70,000/yr12 months · AED 70 per sqft
15 May 2025RentedNew contract
AED 70,000/yr12 months · AED 70 per sqft
15 Feb 2024RentedRenewal
AED 65,000/yr12 months · AED 65 per sqft
15 Feb 2023RentedRenewal
AED 55,000/yr12 months · AED 55 per sqft
15 Feb 2022RentedNew contract
AED 47,000/yr12 months · AED 47 per sqft
26 Oct 2021Sold by developerReady
AED 850,000AED 845 per sqft
1 Jul 2019RentedNew contract
AED 100,000/yr60 months · AED 100 per sqft

Source: Dubai Land Department. Updated 15 May 2025.

Key facts

Type
2-bed apartment
Size
1,005 sqft
Floor
3rd of 6
Parking
G-33
Developer
MAG
Completed
2020
Service charge
AED 16,700 /yr
Last sold
AED 850K · October 2021
Building
MAG 550

About 305, MAG 550

305 is a two-bedroom apartment of 1,005 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 26 October 2021 for AED 850,000, or AED 845 per sqft.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 15 May 2025, is AED 70,000 a year: a gross yield of 8.2% on the 2021 price, before the service charge of about AED 16,700 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical two-bed in MAG 550
800K2018202020222024Typical sale price by year: 2018 AED 674,000; 2023 AED 715,920; 2024 AED 915,000Sold by developer, October 2021: AED 850,000 (AED 845 per sqft)

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

Rents
Unit 305, each contractTypical two-bed in MAG 550
50K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 45,000; 2021 AED 38,000; 2022 AED 40,290; 2023 AED 54,000; 2024 AED 70,000; 2025 AED 71,000; 2026 AED 75,000New contract, July 2019: AED 100,000 a yearNew contract, February 2022: AED 47,000 a yearRenewal, February 2023: AED 55,000 a yearRenewal, February 2024: AED 65,000 a yearNew contract, May 2025: AED 70,000 a yearNew contract, May 2025: AED 70,000 a year

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 305 sits

All 24 2-beds →

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. 305's AED 70,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 2026999,000
17 Dec 20251,100,000
12 Dec 2025990,000
17 Dec 2024926,100
3 2-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 3rd floor

All 86 units in MAG 550
Value
3012-bedAED 719K · Feb 2023
3021-bedAED 521K · Aug 2016
303StudioAED 386K · Aug 2016
3041-bedAED 450K · Feb 2020
3061-bedAED 640K · Aug 2024
307StudioAED 500K · Sep 2025
3081-bedAED 530K · May 2024
1–7 of 13

305, MAG 550 in numbers

  • Sold once: by MAG on 26 October 2021 for AED 850,000, or AED 845 per sqft.
  • Rented since July 2019 on 6 Ejari contracts. The rent fell from AED 100,000 to AED 47,000 in 2022 and recovered to AED 70,000 by May 2025.
  • At AED 70,000 a year the gross yield on the 2021 price is 8.2%, before a service charge of about AED 16,700 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 15 May 2025.

Questions about 305, MAG 550

What did unit 305 last sell for?

AED 850,000 on 26 October 2021, sold by the developer: AED 845 per sqft for 1,005 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 70,000 a year on the contract signed on 15 May 2025. The previous contract, from May 2025, was AED 70,000; the unit has been rented since July 2019.

How big is unit 305?

1,005 sqft (93.4 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 305 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 305, MAG 550

Starts from the last sale price (AED 850K, 26 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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