406, MAG 550
Sold prices and rental history: sold once, by the developer in July 2016, 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 406, MAG 550
What is 406 worth today?
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Source: Dubai Land Department. Updated 21 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 655 sqft
- Floor
- 4th of 6
- Parking
- G-49
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,900 /yr
- Last sold
- AED 573K · July 2016
- Building
- MAG 550
About 406, MAG 550
406 is a one-bedroom apartment of 655 sqft on the 4th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 July 2016 for AED 573,203, or AED 875 per sqft, in line with the AED 857 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 21 February 2024, is AED 28,000 a year: a gross yield of 4.9% on the 2016 price, before the service charge of about AED 10,900 a year.
Sales and rents for 406 over time
406 has sold once; 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 406 sits
All 48 1-beds →406 last sold in July 2016 at AED 875 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 857). 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. 406's AED 28,000 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
- 7.7%
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 | |
| 405 | 2-bed | 1,005 sqft | No registered sale | 75,000 /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 |
406, MAG 550 in numbers
- Sold once: by MAG on 19 July 2016 for AED 573,203, or AED 875 per sqft.
- Rented since February 2020 on 5 Ejari contracts, from AED 30,000 to AED 28,000 a year.
- At AED 28,000 a year the gross yield on the 2016 price is 4.9%, before a service charge of about AED 10,900 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 21 February 2024.
Questions about 406, MAG 550
What did unit 406 last sell for?
AED 573,203 on 19 July 2016, sold by the developer: AED 875 per sqft for 655 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 28,000 a year on the contract renewed on 21 February 2024. The previous contract, from February 2023, was AED 28,000; the unit has been rented since February 2020.
How big is unit 406?
655 sqft (60.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 406 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 406, MAG 550
Starts from the last sale price (AED 573K, 19 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 573,203
- Deposit, UAE resident (20%)
- AED 114,641
- Deposit, non-resident (40%)
- AED 229,281
- Monthly over 25 years at 3.7%
- AED 2,345
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →