Home
Dubai prices
About
Research
2-bed · 1,041 sqftMAG 550, Dubai South · 5th floor · completed 2020

501, MAG 550

Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 1 September 2026
Last soldAED 698K14 December 2022
Current rentAED 55K /yr1 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 501

Property timeline for 501, MAG 550

What is 501 worth today?

Last sold for AED 697,881 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Sep 2026RentedRenewal
AED 55,000/yr12 months · AED 53 per sqft
1 Sep 2025RentedRenewal
AED 50,000/yr12 months · AED 48 per sqft
1 Sep 2024RentedRenewal
AED 45,000/yr12 months · AED 43 per sqft
1 Sep 2023RentedNew contract
AED 41,000/yr12 months · AED 39 per sqft
14 Dec 2022Sold by developerReady
AED 697,881AED 670 per sqft
1 Sep 2022RentedRenewal
AED 30,000/yr12 months · AED 29 per sqft
1 Sep 2021RentedRenewal
AED 30,000/yr12 months · AED 29 per sqft
1 Sep 2020RentedNew contract
AED 35,000/yr12 months · AED 34 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type
2-bed apartment
Size
1,041 sqft
Floor
5th of 6
Parking
G-58
Developer
MAG
Completed
2020
Service charge
AED 17,300 /yr
Last sold
AED 698K · December 2022
Building
MAG 550

About 501, MAG 550

501 is a two-bedroom apartment of 1,041 sqft on the 5th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 14 December 2022 for AED 697,881, or AED 670 per sqft.

It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 55,000 a year: a gross yield of 7.9% on the 2022 price, before the service charge of about AED 17,300 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in MAG 550
800K2018202020222024Typical sale price by year: 2018 AED 674,000; 2023 AED 715,920; 2024 AED 915,000Sold by developer, December 2022: AED 697,881 (AED 670 per sqft)

501 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 501, each contractTypical two-bed in MAG 550
25K50K75K201920222025Typical rent by year: 2019 AED 75,000; 2020 AED 45,000; 2021 AED 38,000; 2022 AED 40,290; 2023 AED 54,000; 2024 AED 70,000; 2025 AED 71,000; 2026 AED 75,000New contract, December 2019: AED 75,000 a yearNew contract, September 2020: AED 35,000 a yearRenewal, September 2021: AED 30,000 a yearRenewal, September 2022: AED 30,000 a yearNew contract, September 2023: AED 41,000 a yearRenewal, September 2024: AED 45,000 a yearRenewal, September 2025: AED 50,000 a yearRenewal, September 2026: AED 55,000 a year

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 501 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. 501's AED 55,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 2026999,000
17 Dec 20251,100,000
12 Dec 2025990,000
17 Dec 2024926,100
3 2-bed sales in the last 12 months

MAG 550

Building

86 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%
MAG 550, Dubai South: prices, sales and rents →

Other units on the 5th floor

All 86 units in MAG 550
Value
5021-bedAED 571K · Jun 2016
503StudioAED 525K · Oct 2025
5041-bedAED 600K · Sep 2024
5052-bedNo registered sale
5061-bedAED 400K · Mar 2024
507StudioAED 490K · Apr 2016
5081-bedAED 645K · Jan 2025
1–7 of 13

501, MAG 550 in numbers

  • Sold once: by MAG on 14 December 2022 for AED 697,881, or AED 670 per sqft.
  • Rented since December 2019 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 30,000 in 2022 and recovered to AED 55,000 by September 2026.
  • At AED 55,000 a year the gross yield on the 2022 price is 7.9%, before a service charge of about AED 17,300 a year (AED 16.63 per sqft).
  • 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 1 September 2026.

Questions about 501, MAG 550

What did unit 501 last sell for?

AED 697,881 on 14 December 2022, sold by the developer: AED 670 per sqft for 1,041 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 55,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2025, was AED 50,000; the unit has been rented since December 2019.

How big is unit 501?

1,041 sqft (96.7 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 501 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.

Selling 501? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 501, MAG 550

Starts from the last sale price (AED 698K, 14 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 697,881
Deposit, UAE resident (20%)
AED 139,576
Deposit, non-resident (40%)
AED 279,152
Monthly over 25 years at 3.7%
AED 2,855

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →