513, MAG 550
Sold prices and rental history: sold once, by the developer in February 2023, 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 513, MAG 550
What is 513 worth today?
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Source: Dubai Land Department. Updated 5 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 965 sqft
- Floor
- 5th of 6
- Parking
- G-72
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 16,100 /yr
- Last sold
- AED 685K · February 2023
- Building
- MAG 550
About 513, MAG 550
513 is a two-bedroom apartment of 965 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 3 February 2023 for AED 685,000, or AED 709 per sqft, in line with the AED 700 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, renewed on 5 January 2026, is AED 76,000 a year: a gross yield of 11.1% on the 2023 price, before the service charge of about AED 16,100 a year.
Sales and rents for 513 over time
513 has sold once; the dashed line is the two-bed median of each year in the building.
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 513 sits
All 24 2-beds →513 last sold in February 2023 at AED 709 per sqft, in line with what two-beds in MAG 550 were fetching at the time (AED 700). 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. 513's AED 76,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 965 sqft | 999,000 | 1,035 | ||
| 17 Dec 202517 December 2025 | 965 sqft | 1,100,000 | 1,139 | ||
| 12 Dec 202512 December 2025 | 1,005 sqft | 990,000 | 985 | ||
| 17 Dec 202417 December 2024 | 965 sqft | 926,100 | 959 |
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 | |
| 512 | 1-bed | 635 sqft | AED 650KAED 650,000 · Oct 2025October 2025 | 28,000 /yr | |
| 514 | 2-bed | 965 sqft | AED 925KAED 925,000 · Aug 2024August 2024 | 75,000 /yr |
513, MAG 550 in numbers
- Sold once: by MAG on 3 February 2023 for AED 685,000, or AED 709 per sqft.
- Rented since August 2019 on 8 Ejari contracts. The rent fell from AED 100,000 to AED 30,000 in 2022 and recovered to AED 76,000 by January 2026.
- At AED 76,000 a year the gross yield on the 2023 price is 11.1%, before a service charge of about AED 16,100 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 5 January 2026.
Questions about 513, MAG 550
What did unit 513 last sell for?
AED 685,000 on 3 February 2023, sold by the developer: AED 709 per sqft for 965 sqft. It is the only registered sale of the unit.
What is the rent for unit 513?
AED 76,000 a year on the contract renewed on 5 January 2026. The previous contract, from January 2025, was AED 72,000; the unit has been rented since August 2019.
How big is unit 513?
965 sqft (89.7 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 513 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.
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Mortgage on 513, MAG 550
Starts from the last sale price (AED 685K, 3 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 685,000
- Deposit, UAE resident (20%)
- AED 137,000
- Deposit, non-resident (40%)
- AED 274,000
- Monthly over 25 years at 3.7%
- AED 2,803
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →