407, MAG 550
Sold prices and rental history: sold twice, last in October 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, MAG 550
What is 407 worth today?
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Source: Dubai Land Department. Updated 8 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 4th of 6
- Parking
- G-50
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 312K · October 2022
- Building
- MAG 550
About 407, MAG 550
407 is a studio of 473 sqft on the 4th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 14 October 2022 for AED 312,000, or AED 659 per sqft, in line with the AED 656 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 8 November 2025, is AED 30,800 a year: a gross yield of 9.9% on the 2022 price, before the service charge of about AED 7,900 a year.
Sales and rents for 407 over time
407 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 407 sits
All 12 studios →407 last sold in October 2022 at AED 659 per sqft, in line with what studios in MAG 550 were fetching at the time (AED 656). 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. 407's AED 30,800 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 | |
| 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 | |
| 406 | 1-bed | 655 sqft | AED 573KAED 573,203 · Jul 2016July 2016 | 28,000 /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 |
407, MAG 550 in numbers
- Sold twice: first on 28 September 2016 for AED 385,555, last on 14 October 2022 for AED 312,000 (AED 659 per sqft).
- Rented since November 2022 on 2 Ejari contracts, from AED 28,000 to AED 30,800 a year.
- At AED 30,800 a year the gross yield on the 2022 price is 9.9%, 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 8 November 2025.
Questions about 407, MAG 550
What did unit 407 last sell for?
AED 312,000 on 14 October 2022: AED 659 per sqft for 473 sqft. The unit has 2 registered sales; the first was AED 385,555 in September 2016.
What is the rent for unit 407?
AED 30,800 a year on the contract signed on 8 November 2025. The previous contract, from November 2022, was AED 28,000.
How big is unit 407?
473 sqft (43.9 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 407 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 407, MAG 550
Starts from the last sale price (AED 312K, 14 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 312,000
- Deposit, UAE resident (20%)
- AED 62,400
- Deposit, non-resident (40%)
- AED 124,800
- Monthly over 25 years at 3.7%
- AED 1,276
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →