506, MAG 550
Sold prices and rental history: sold twice, last in March 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, MAG 550
What is 506 worth today?
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Source: Dubai Land Department. Updated 1 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 5th of 6
- Parking
- G-63
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 11,100 /yr
- Last sold
- AED 400K · March 2024
- Building
- MAG 550
About 506, MAG 550
506 is a one-bedroom apartment of 667 sqft on the 5th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 4 March 2024 for AED 400,000, or AED 599 per sqft, 13% below the AED 690 one-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 1 June 2025, is AED 55,000 a year: a gross yield of 13.8% on the 2024 price, before the service charge of about AED 11,100 a year.
Sales and rents for 506 over time
506 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 506 sits
All 48 1-beds →506 last sold in March 2024 at AED 599 per sqft, 13% below what one-beds in MAG 550 were fetching at the time (AED 690). 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. 506's AED 55,000 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
- 7.7%
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 | |
| 503 | Studio | 476 sqft | AED 525KAED 525,000 · Oct 2025October 2025 | 48,000 /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 | |
| 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 |
506, MAG 550 in numbers
- Sold twice: first on 28 June 2016 for AED 572,339, last on 4 March 2024 for AED 400,000 (AED 599 per sqft).
- Rented since June 2024 on 2 Ejari contracts, at AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2024 price is 13.8%, before a service charge of about AED 11,100 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 June 2025.
Questions about 506, MAG 550
What did unit 506 last sell for?
AED 400,000 on 4 March 2024: AED 599 per sqft for 667 sqft. The unit has 2 registered sales; the first was AED 572,339 in June 2016.
What is the rent for unit 506?
AED 55,000 a year on the contract renewed on 1 June 2025. The previous contract, from June 2024, was AED 55,000.
How big is unit 506?
667 sqft (62.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 506 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 506, MAG 550
Starts from the last sale price (AED 400K, 4 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →