507, MAG 550
Sold prices and rental history: sold once, by the developer in April 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, MAG 550
What is 507 worth today?
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Source: Dubai Land Department. Updated 6 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 473 sqft
- Floor
- 5th of 6
- Parking
- G-64
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 490K · April 2016
- Building
- MAG 550
About 507, MAG 550
507 is a studio of 473 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 21 April 2016 for AED 490,000, or AED 1,035 per sqft.
It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 6 August 2026, is AED 42,000 a year: a gross yield of 8.6% on the 2016 price, before the service charge of about AED 7,900 a year.
Sales and rents for 507 over time
507 has sold once; 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 507 sits
All 12 studios →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. 507's AED 42,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 May 20266 May 2026 | 476 sqft | 430,000 | 902 | ||
| 31 Oct 202531 October 2025 | 476 sqft | 525,000 | 1,102 | ||
| 18 Sep 202518 September 2025 | 473 sqft | 500,000 | 1,056 | ||
| 4 Jun 20254 June 2025 | 476 sqft | 400,000 | 839 |
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 | |
| 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 | |
| 506 | 1-bed | 667 sqft | AED 400KAED 400,000 · Mar 2024March 2024 | 55,000 /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 |
507, MAG 550 in numbers
- Sold once: by MAG on 21 April 2016 for AED 490,000, or AED 1,035 per sqft.
- Rented since June 2021 on 7 Ejari contracts, from AED 19,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2016 price is 8.6%, 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 6 August 2026.
Questions about 507, MAG 550
What did unit 507 last sell for?
AED 490,000 on 21 April 2016, sold by the developer: AED 1,035 per sqft for 473 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 42,000 a year on the contract renewed on 6 August 2026. The previous contract, from August 2025, was AED 42,000; the unit has been rented since June 2021.
How big is unit 507?
473 sqft (43.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 507 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.
Selling 507? Put it on the OpenOffers board
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Mortgage on 507, MAG 550
Starts from the last sale price (AED 490K, 21 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 490,000
- Deposit, UAE resident (20%)
- AED 98,000
- Deposit, non-resident (40%)
- AED 196,000
- Monthly over 25 years at 3.7%
- AED 2,005
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →