403, MAG 550
Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 403, MAG 550
What is 403 worth today?
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Source: Dubai Land Department. Updated 10 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 4th of 6
- Parking
- G-46
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 313K · September 2022
- Building
- MAG 550
About 403, MAG 550
403 is a studio of 476 sqft on the 4th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 26 September 2022 for AED 312,700, or AED 656 per sqft.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 10 October 2026, is AED 37,000 a year: a gross yield of 11.8% on the 2022 price, before the service charge of about AED 7,900 a year.
Sales and rents for 403 over time
403 has sold twice; 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 403 sits
All 12 studios →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. 403's AED 37,000 is in the lower 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 4th floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,040 sqft | AED 690KAED 690,000 · Oct 2018October 2018 | 57,000 /yr | |
| 402 | 1-bed | 655 sqft | AED 573KAED 573,203 · Jul 2016July 2016 | 49,000 /yr | |
| 404 | 1-bed | 642 sqft | AED 630KAED 630,000 · Apr 2025April 2025 | 56,000 /yr | |
| 405 | 2-bed | 1,005 sqft | No registered sale | 75,000 /yr | |
| 406 | 1-bed | 655 sqft | AED 573KAED 573,203 · Jul 2016July 2016 | 28,000 /yr | |
| 407 | Studio | 473 sqft | AED 312KAED 312,000 · Oct 2022October 2022 | 30,800 /yr | |
| 408 | 1-bed | 642 sqft | AED 700KAED 700,000 · Jul 2025July 2025 | 60,000 /yr | |
| 409 | 1-bed | 638 sqft | AED 440KAED 440,000 · Jul 2023July 2023 | 32,813 /yr | |
| 410 | 1-bed | 638 sqft | AED 516KAED 515,555 · Dec 2016December 2016 | 52,000 /yr | |
| 411 | 1-bed | 634 sqft | AED 450KAED 450,000 · Oct 2023October 2023 | 50,000 /yr | |
| 412 | 1-bed | 635 sqft | AED 524KAED 524,000 · Mar 2018March 2018 | 42,000 /yr | |
| 413 | 2-bed | 965 sqft | AED 674KAED 674,000 · Sep 2018September 2018 | 72,000 /yr | |
| 414 | 2-bed | 965 sqft | AED 674KAED 674,000 · Sep 2018September 2018 | 70,000 /yr |
403, MAG 550 in numbers
- Sold twice: first on 28 September 2016 for AED 385,555, last on 26 September 2022 for AED 312,700 (AED 656 per sqft).
- Rented since September 2022 on 6 Ejari contracts, from AED 24,000 to AED 37,000 a year.
- At AED 37,000 a year the gross yield on the 2022 price is 11.8%, 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 10 October 2026.
Questions about 403, MAG 550
What did unit 403 last sell for?
AED 312,700 on 26 September 2022: AED 656 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 385,555 in September 2016.
What is the rent for unit 403?
AED 37,000 a year on the contract renewed on 10 October 2026. The previous contract, from October 2025, was AED 35,000; the unit has been rented since September 2022.
How big is unit 403?
476 sqft (44.2 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 403 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 403, MAG 550
Starts from the last sale price (AED 313K, 26 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 312,700
- Deposit, UAE resident (20%)
- AED 62,540
- Deposit, non-resident (40%)
- AED 125,080
- Monthly over 25 years at 3.7%
- AED 1,279
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →