514, MAG 550
Sold prices and rental history: sold once, by the developer in August 2024, and rented once, from September 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 514, MAG 550
What is 514 worth today?
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Source: Dubai Land Department. Updated 22 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 965 sqft
- Floor
- 5th of 6
- Parking
- G-73
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 16,100 /yr
- Last sold
- AED 925K · August 2024
- Building
- MAG 550
About 514, MAG 550
514 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 22 August 2024 for AED 925,000, or AED 958 per sqft, in line with the AED 937 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 September 2019. The current contract, signed on 1 September 2019, is AED 75,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 16,100 a year.
Sales and rents for 514 over time
514 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 514 sits
All 24 2-beds →514 last sold in August 2024 at AED 958 per sqft, in line with what two-beds in MAG 550 were fetching at the time (AED 937). 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. 514's AED 75,000 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 | |
| 513 | 2-bed | 965 sqft | AED 685KAED 685,000 · Feb 2023February 2023 | 76,000 /yr |
514, MAG 550 in numbers
- Sold once: by MAG on 22 August 2024 for AED 925,000, or AED 958 per sqft.
- Rented since September 2019 on one Ejari contract, at AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2024 price is 8.1%, 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 22 August 2024.
Questions about 514, MAG 550
What did unit 514 last sell for?
AED 925,000 on 22 August 2024, sold by the developer: AED 958 per sqft for 965 sqft. It is the only registered sale of the unit.
What is the rent for unit 514?
AED 75,000 a year on the contract signed on 1 September 2019.
How big is unit 514?
965 sqft (89.7 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 514 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 514, MAG 550
Starts from the last sale price (AED 925K, 22 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 925,000
- Deposit, UAE resident (20%)
- AED 185,000
- Deposit, non-resident (40%)
- AED 370,000
- Monthly over 25 years at 3.7%
- AED 3,784
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →