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1-bed · 634 sqftMAG 550, Dubai South · 3rd floor · completed 2020

311, MAG 550

Sold prices and rental history: sold once, by the developer in September 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 9 July 2021
Last soldAED 500K19 September 2018
Current rentAED 26K /yr9 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, MAG 550

What is 311 worth today?

Last sold for AED 499,999 in 2018

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9 Jul 2021RentedNew contract
AED 26,000/yr12 months · AED 41 per sqft
1 Nov 2020RentedRenewal
AED 26,000/yr12 months · AED 41 per sqft
1 Nov 2019RentedNew contract
AED 29,000/yr12 months · AED 46 per sqft
19 Sep 2018Sold by developerOff-plan
AED 499,999AED 788 per sqft

Source: Dubai Land Department. Updated 9 July 2021.

Key facts

Type
1-bed apartment
Size
634 sqft
Floor
3rd of 6
Parking
G-40
Developer
MAG
Completed
2020
Service charge
AED 10,500 /yr
Last sold
AED 500K · September 2018
Building
MAG 550

About 311, MAG 550

311 is a one-bedroom apartment of 634 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 19 September 2018 for AED 499,999, or AED 788 per sqft, 6% below the AED 834 one-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 9 July 2021, is AED 26,000 a year: a gross yield of 5.2% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical one-bed in MAG 550
500K600K2016201920222025Typical sale price by year: 2016 AED 540,555; 2017 AED 515,000; 2018 AED 531,209; 2019 AED 515,555; 2023 AED 445,000; 2024 AED 535,000; 2025 AED 645,000Sold by developer, September 2018: AED 499,999 (AED 788 per sqft)

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

Rents
Unit 311, each contractTypical one-bed in MAG 550
40K20192021202320252027Typical rent by year: 2019 AED 30,000; 2020 AED 28,000; 2021 AED 27,000; 2022 AED 28,000; 2023 AED 33,000; 2024 AED 43,500; 2025 AED 50,000; 2026 AED 52,000New contract, November 2019: AED 29,000 a yearRenewal, November 2020: AED 26,000 a yearNew contract, July 2021: AED 26,000 a year

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 311 sits

All 48 1-beds →

311 last sold in September 2018 at AED 788 per sqft, 6% below what one-beds in MAG 550 were fetching at the time (AED 834). 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. 311's AED 26,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 May 2026727,000
25 Dec 2025750,000
8 Oct 2025650,000
29 Jul 2025700,000
2 1-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
7.7%
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
3052-bedAED 850K · Oct 2021
3061-bedAED 640K · Aug 2024
307StudioAED 500K · Sep 2025
1–7 of 13

311, MAG 550 in numbers

  • Sold once: by MAG on 19 September 2018 for AED 499,999, or AED 788 per sqft.
  • Rented since November 2019 on 3 Ejari contracts, from AED 29,000 to AED 26,000 a year.
  • At AED 26,000 a year the gross yield on the 2018 price is 5.2%, before a service charge of about AED 10,500 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 9 July 2021.

Questions about 311, MAG 550

What did unit 311 last sell for?

AED 499,999 on 19 September 2018, sold by the developer: AED 788 per sqft for 634 sqft. It is the only registered sale of the unit.

What is the rent for unit 311?

AED 26,000 a year on the contract signed on 9 July 2021. The previous contract, from November 2020, was AED 26,000; the unit has been rented since November 2019.

How big is unit 311?

634 sqft (58.9 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 311 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 311, MAG 550

Starts from the last sale price (AED 500K, 19 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 499,999
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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