408, MAG 550
Sold prices and rental history: sold twice, last in July 2025, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, MAG 550
What is 408 worth today?
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Source: Dubai Land Department. Updated 23 August 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 642 sqft
- Floor
- 4th of 6
- Parking
- G-51
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,700 /yr
- Last sold
- AED 700K · July 2025
- Building
- MAG 550
About 408, MAG 550
408 is a one-bedroom apartment of 642 sqft on the 4th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 29 July 2025 for AED 700,000, or AED 1,089 per sqft, 12% above the AED 971 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 23 August 2026, is AED 60,000 a year: a gross yield of 8.6% on the 2025 price, before the service charge of about AED 10,700 a year.
Sales and rents for 408 over time
408 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 408 sits
All 48 1-beds →408 last sold in July 2025 at AED 1,089 per sqft, 12% above what one-beds in MAG 550 were fetching at the time (AED 971). 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. 408's AED 60,000 is in the upper half 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 | ||
| 7 Apr 20257 April 2025 | 642 sqft | 630,000 | 980 |
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 | |
| 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 | |
| 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 |
408, MAG 550 in numbers
- Sold twice: first on 19 June 2016 for AED 540,555, last on 29 July 2025 for AED 700,000 (AED 1,089 per sqft).
- Rented since November 2019 on 6 Ejari contracts, from AED 30,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2025 price is 8.6%, before a service charge of about AED 10,700 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 23 August 2026.
Questions about 408, MAG 550
What did unit 408 last sell for?
AED 700,000 on 29 July 2025: AED 1,089 per sqft for 642 sqft. The unit has 2 registered sales; the first was AED 540,555 in June 2016.
What is the rent for unit 408?
AED 60,000 a year on the contract renewed on 23 August 2026. The previous contract, from August 2025, was AED 60,000; the unit has been rented since November 2019.
How big is unit 408?
642 sqft (59.6 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 408 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 408, MAG 550
Starts from the last sale price (AED 700K, 29 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →