503, MAG 550
Sold prices and rental history: sold 3 times, last in October 2025, 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 503, MAG 550
What is 503 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 5th of 6
- Parking
- G-60
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 525K · October 2025
- Building
- MAG 550
About 503, MAG 550
503 is a studio of 476 sqft on the 5th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 31 October 2025 for AED 525,000, or AED 1,102 per sqft, 8% above the AED 1,019 studios 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 December 2025, is AED 48,000 a year: a gross yield of 9.1% on the 2025 price, before the service charge of about AED 7,900 a year.
Sales and rents for 503 over time
503 has sold 3 times; 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 503 sits
All 12 studios →503 last sold in October 2025 at AED 1,102 per sqft, 8% above what studios in MAG 550 were fetching at the time (AED 1,019). 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. 503's AED 48,000 is at the top of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 May 20266 May 2026 | 476 sqft | 430,000 | 902 | ||
| 18 Sep 202518 September 2025 | 473 sqft | 500,000 | 1,056 | ||
| 21 Feb 202521 February 2025 | 473 sqft | 465,000 | 982 | ||
| 3 Jun 20243 June 2024 | 476 sqft | 415,000 | 871 |
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 5th floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,041 sqft | AED 698KAED 697,881 · Dec 2022December 2022 | 55,000 /yr | |
| 502 | 1-bed | 667 sqft | AED 571KAED 571,475 · Jun 2016June 2016 | 60,000 /yr | |
| 504 | 1-bed | 642 sqft | AED 600KAED 600,000 · Sep 2024September 2024 | 57,000 /yr | |
| 505 | 2-bed | 1,008 sqft | No registered sale | 75,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 400KAED 400,000 · Mar 2024March 2024 | 55,000 /yr | |
| 507 | Studio | 473 sqft | AED 490KAED 490,000 · Apr 2016April 2016 | 42,000 /yr | |
| 508 | 1-bed | 642 sqft | AED 645KAED 645,000 · Jan 2025January 2025 | 57,657 /yr | |
| 509 | 1-bed | 639 sqft | AED 525KAED 524,996 · May 2018May 2018 | 42,000 /yr | |
| 510 | 1-bed | 638 sqft | AED 515KAED 515,000 · Aug 2017August 2017 | 60,000 /yr | |
| 511 | 1-bed | 634 sqft | AED 570KAED 570,000 · May 2016May 2016 | 25,846 /yr | |
| 512 | 1-bed | 635 sqft | AED 650KAED 650,000 · Oct 2025October 2025 | 28,000 /yr | |
| 513 | 2-bed | 965 sqft | AED 685KAED 685,000 · Feb 2023February 2023 | 76,000 /yr | |
| 514 | 2-bed | 965 sqft | AED 925KAED 925,000 · Aug 2024August 2024 | 75,000 /yr |
503, MAG 550 in numbers
- Sold 3 times: first on 8 November 2016 for AED 405,555, last on 31 October 2025 for AED 525,000 (AED 1,102 per sqft).
- Rented since May 2020 on 5 Ejari contracts. The rent fell from AED 23,000 to AED 20,000 in 2021 and recovered to AED 48,000 by December 2025.
- At AED 48,000 a year the gross yield on the 2025 price is 9.1%, 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 1 December 2025.
Questions about 503, MAG 550
What did unit 503 last sell for?
AED 525,000 on 31 October 2025: AED 1,102 per sqft for 476 sqft. The unit has 3 registered sales; the first was AED 405,555 in November 2016.
What is the rent for unit 503?
AED 48,000 a year on the contract signed on 1 December 2025. The previous contract, from May 2024, was AED 21,000; the unit has been rented since May 2020.
How big is unit 503?
476 sqft (44.2 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 503 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 503, MAG 550
Starts from the last sale price (AED 525K, 31 October 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 525,000
- Deposit, UAE resident (20%)
- AED 105,000
- Deposit, non-resident (40%)
- AED 210,000
- Monthly over 25 years at 3.7%
- AED 2,148
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →