602, MAG 550
Sold prices and rental history: sold twice, last in May 2026, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, MAG 550
What is 602 worth today?
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Source: Dubai Land Department. Updated 8 May 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 6th of 6
- Parking
- G-75
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 11,100 /yr
- Last sold
- AED 727K · May 2026
- Building
- MAG 550
About 602, MAG 550
602 is a one-bedroom apartment of 667 sqft on the 6th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 8 May 2026 for AED 727,000, or AED 1,089 per sqft, in line with the AED 1,089 one-beds in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 28 October 2020, is AED 24,000 a year: a gross yield of 3.3% on the 2026 price, before the service charge of about AED 11,100 a year.
Sales and rents for 602 over time
602 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 602 sits
All 48 1-beds →602 last sold in May 2026 at AED 1,089 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 1,089). 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. 602's AED 24,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 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 6th floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,041 sqft | No registered sale | 80,000 /yr | |
| 603 | Studio | 476 sqft | AED 430KAED 430,000 · May 2026May 2026 | 30,000 /yr | |
| 604 | 1-bed | 642 sqft | AED 470KAED 470,000 · May 2023May 2023 | 43,050 /yr | |
| 605 | 2-bed | 1,008 sqft | No registered sale | 75,000 /yr | |
| 606 | 1-bed | 667 sqft | AED 750KAED 750,000 · Dec 2025December 2025 | 45,000 /yr | |
| 607 | Studio | 473 sqft | AED 465KAED 465,000 · Feb 2025February 2025 | 40,000 /yr | |
| 608 | 1-bed | 642 sqft | AED 645KAED 645,000 · Jan 2025January 2025 | 58,000 /yr | |
| 609 | 1-bed | 639 sqft | AED 495KAED 495,000 · Jan 2025January 2025 | 50,000 /yr | |
| 610 | 1-bed | 638 sqft | AED 539KAED 538,824 · Mar 2018March 2018 | 27,000 /yr | |
| 611 | 1-bed | 634 sqft | AED 550KAED 550,000 · Mar 2018March 2018 | 37,000 /yr | |
| 612 | 1-bed | 635 sqft | AED 539KAED 538,824 · Mar 2018March 2018 | 51,000 /yr | |
| 613 | 2-bed | 965 sqft | AED 885KAED 885,329 · May 2022May 2022 | 75,000 /yr | |
| 614 | 2-bed | 965 sqft | AED 999KAED 999,000 · Oct 2026October 2026 | 75,000 /yr |
602, MAG 550 in numbers
- Sold twice: first on 27 April 2016 for AED 585,000, last on 8 May 2026 for AED 727,000 (AED 1,089 per sqft).
- Rented since July 2019 on 2 Ejari contracts, from AED 40,000 to AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2026 price is 3.3%, 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 8 May 2026.
Questions about 602, MAG 550
What did unit 602 last sell for?
AED 727,000 on 8 May 2026: AED 1,089 per sqft for 667 sqft. The unit has 2 registered sales; the first was AED 585,000 in April 2016.
What is the rent for unit 602?
AED 24,000 a year on the contract signed on 28 October 2020. The previous contract, from July 2019, was AED 40,000.
How big is unit 602?
667 sqft (62.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.
What is unit 602 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 602, MAG 550
Starts from the last sale price (AED 727K, 8 May 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 727,000
- Deposit, UAE resident (20%)
- AED 145,400
- Deposit, non-resident (40%)
- AED 290,800
- Monthly over 25 years at 3.7%
- AED 2,974
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →