405, MAG 550
Sold prices and rental history: no registered sale, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 405, MAG 550
What is 405 worth today?
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Source: Dubai Land Department. Updated 18 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,005 sqft
- Floor
- 4th of 6
- Parking
- G-48
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 16,700 /yr
- Last sold
- No registered sale
- Building
- MAG 550
About 405, MAG 550
405 is a two-bedroom apartment of 1,005 sqft on the 4th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. No sale of the unit is registered with the Dubai Land Department.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 18 June 2024, is AED 75,000 a year, before the service charge of about AED 16,700 a year.
Sales and rents for 405 over time
No registered sale of 405; the dashed line is the two-bed median of each year in the building.
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 405 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. 405's AED 75,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 965 sqft | 999,000 | 1,035 | ||
| 17 Dec 202517 December 2025 | 965 sqft | 1,100,000 | 1,139 | ||
| 12 Dec 202512 December 2025 | 1,005 sqft | 990,000 | 985 | ||
| 17 Dec 202417 December 2024 | 965 sqft | 926,100 | 959 |
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
- 7.7%
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 | |
| 403 | Studio | 476 sqft | AED 313KAED 312,700 · Sep 2022September 2022 | 37,000 /yr | |
| 404 | 1-bed | 642 sqft | AED 630KAED 630,000 · Apr 2025April 2025 | 56,000 /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 |
405, MAG 550 in numbers
- No sale of the unit is registered with the Dubai Land Department.
- Rented since June 2019 on 3 Ejari contracts, at AED 75,000 a year.
- 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 18 June 2024.
Questions about 405, MAG 550
What is the rent for unit 405?
AED 75,000 a year on the contract signed on 18 June 2024. The previous contract, from June 2024, was AED 75,000; the unit has been rented since June 2019.
How big is unit 405?
1,005 sqft (93.4 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 405 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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