312, MAG 550
Sold prices and rental history: sold twice, last in September 2024, 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 312, MAG 550
What is 312 worth today?
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Source: Dubai Land Department. Updated 18 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 635 sqft
- Floor
- 3rd of 6
- Parking
- G-41
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,600 /yr
- Last sold
- AED 535K · September 2024
- Building
- MAG 550
About 312, MAG 550
312 is a one-bedroom apartment of 635 sqft on the 3rd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 18 September 2024 for AED 535,000, or AED 842 per sqft, in line with the AED 818 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 July 2023, is AED 30,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 10,600 a year.
Sales and rents for 312 over time
312 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 312 sits
All 48 1-beds →312 last sold in September 2024 at AED 842 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 818). 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. 312's AED 30,000 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
- 7.6%
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 | |
| 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 | |
| 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 |
312, MAG 550 in numbers
- Sold twice: first on 5 January 2017 for AED 499,999, last on 18 September 2024 for AED 535,000 (AED 842 per sqft).
- Rented since July 2020 on 4 Ejari contracts, from AED 27,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 10,600 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 18 September 2024.
Questions about 312, MAG 550
What did unit 312 last sell for?
AED 535,000 on 18 September 2024: AED 842 per sqft for 635 sqft. The unit has 2 registered sales; the first was AED 499,999 in January 2017.
What is the rent for unit 312?
AED 30,000 a year on the contract renewed on 1 July 2023. The previous contract, from July 2022, was AED 27,000; the unit has been rented since July 2020.
How big is unit 312?
635 sqft (59.0 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 312 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 312, MAG 550
Starts from the last sale price (AED 535K, 18 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 535,000
- Deposit, UAE resident (20%)
- AED 107,000
- Deposit, non-resident (40%)
- AED 214,000
- Monthly over 25 years at 3.7%
- AED 2,189
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →