411, MAG 550
Sold prices and rental history: sold twice, last in October 2023, 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 411, MAG 550
What is 411 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 634 sqft
- Floor
- 4th of 6
- Parking
- G-54
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,500 /yr
- Last sold
- AED 450K · October 2023
- Building
- MAG 550
About 411, MAG 550
411 is a one-bedroom apartment of 634 sqft on the 4th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 25 October 2023 for AED 450,000, or AED 710 per sqft, in line with the AED 700 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 1 October 2024, is AED 50,000 a year: a gross yield of 11.1% on the 2023 price, before the service charge of about AED 10,500 a year.
Sales and rents for 411 over time
411 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 411 sits
All 48 1-beds →411 last sold in October 2023 at AED 710 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 700). 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. 411's AED 50,000 is in the lower 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 | ||
| 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
- 7.6%
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 | |
| 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 | |
| 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 |
411, MAG 550 in numbers
- Sold twice: first on 9 May 2018 for AED 550,000, last on 25 October 2023 for AED 450,000 (AED 710 per sqft).
- Rented since September 2020 on 5 Ejari contracts, from AED 28,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2023 price is 11.1%, before a service charge of about AED 10,500 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 1 October 2024.
Questions about 411, MAG 550
What did unit 411 last sell for?
AED 450,000 on 25 October 2023: AED 710 per sqft for 634 sqft. The unit has 2 registered sales; the first was AED 550,000 in May 2018.
What is the rent for unit 411?
AED 50,000 a year on the contract signed on 1 October 2024. The previous contract, from June 2023, was AED 28,000; the unit has been rented since September 2020.
How big is unit 411?
634 sqft (58.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.
What is unit 411 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 411, MAG 550
Starts from the last sale price (AED 450K, 25 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →