308, MAG 550
Sold prices and rental history: sold twice, last in May 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 308, MAG 550
What is 308 worth today?
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Source: Dubai Land Department. Updated 3 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 642 sqft
- Floor
- 3rd of 6
- Parking
- G-37
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,700 /yr
- Last sold
- AED 530K · May 2024
- Building
- MAG 550
About 308, MAG 550
308 is a one-bedroom apartment of 642 sqft on the 3rd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 3 May 2024 for AED 530,000, or AED 825 per sqft, 18% above the AED 700 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 August 2022, is AED 26,861 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 10,700 a year.
Sales and rents for 308 over time
308 has sold twice; 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 308 sits
All 48 1-beds →308 last sold in May 2024 at AED 825 per sqft, 18% above what one-beds in MAG 550 were fetching at the time (AED 700). 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. 308's AED 26,861 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
- 7.6%
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 | |
| 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 | |
| 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 |
308, MAG 550 in numbers
- Sold twice: first on 19 June 2016 for AED 515,555, last on 3 May 2024 for AED 530,000 (AED 825 per sqft).
- Rented since September 2019 on 4 Ejari contracts, from AED 28,000 to AED 26,861 a year.
- At AED 26,861 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 10,700 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 3 May 2024.
Questions about 308, MAG 550
What did unit 308 last sell for?
AED 530,000 on 3 May 2024: AED 825 per sqft for 642 sqft. The unit has 2 registered sales; the first was AED 515,555 in June 2016.
What is the rent for unit 308?
AED 26,861 a year on the contract renewed on 1 August 2022. The previous contract, from August 2021, was AED 27,000; the unit has been rented since September 2019.
How big is unit 308?
642 sqft (59.6 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 308 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 308, MAG 550
Starts from the last sale price (AED 530K, 3 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 530,000
- Deposit, UAE resident (20%)
- AED 106,000
- Deposit, non-resident (40%)
- AED 212,000
- Monthly over 25 years at 3.7%
- AED 2,168
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →