512, MAG 550
Sold prices and rental history: sold twice, last in October 2025, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 512, MAG 550
What is 512 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 8 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 635 sqft
- Floor
- 5th of 6
- Parking
- G-71
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,600 /yr
- Last sold
- AED 650K · October 2025
- Building
- MAG 550
About 512, MAG 550
512 is a one-bedroom apartment of 635 sqft on the 5th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 8 October 2025 for AED 650,000, or AED 1,023 per sqft, in line with the AED 1,004 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 December 2021, is AED 28,000 a year: a gross yield of 4.3% on the 2025 price, before the service charge of about AED 10,600 a year.
Sales and rents for 512 over time
512 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 512 sits
All 48 1-beds →512 last sold in October 2025 at AED 1,023 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 1,004). 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. 512's AED 28,000 is at the bottom 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 | ||
| 29 Jul 202529 July 2025 | 642 sqft | 700,000 | 1,089 | ||
| 7 Apr 20257 April 2025 | 642 sqft | 630,000 | 980 |
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 | |
| 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 | |
| 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 |
512, MAG 550 in numbers
- Sold twice: first on 21 December 2016 for AED 520,555, last on 8 October 2025 for AED 650,000 (AED 1,023 per sqft).
- Rented since December 2019 on 4 Ejari contracts, at AED 28,000 a year.
- At AED 28,000 a year the gross yield on the 2025 price is 4.3%, before a service charge of about AED 10,600 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 8 October 2025.
Questions about 512, MAG 550
What did unit 512 last sell for?
AED 650,000 on 8 October 2025: AED 1,023 per sqft for 635 sqft. The unit has 2 registered sales; the first was AED 520,555 in December 2016.
What is the rent for unit 512?
AED 28,000 a year on the contract renewed on 1 December 2021. The previous contract, from December 2021, was AED 28,000; the unit has been rented since December 2019.
How big is unit 512?
635 sqft (59.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 512 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.
Selling 512? 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.
Mortgage on 512, MAG 550
Starts from the last sale price (AED 650K, 8 October 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →