603, MAG 550
Sold prices and rental history: sold 4 times, last in May 2026, 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 603, MAG 550
What is 603 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 6th of 6
- Parking
- G-76
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 430K · May 2026
- Building
- MAG 550
About 603, MAG 550
603 is a studio of 476 sqft on the 6th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 6 May 2026 for AED 430,000, or AED 902 per sqft, 8% below the AED 979 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 1 August 2026, is AED 30,000 a year: a gross yield of 7.0% on the 2026 price, before the service charge of about AED 7,900 a year.
Sales and rents for 603 over time
603 has sold 4 times; 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 603 sits
All 12 studios →603 last sold in May 2026 at AED 902 per sqft, 8% below what studios in MAG 550 were fetching at the time (AED 979). 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. 603's AED 30,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 21 Feb 202521 February 2025 | 473 sqft | 465,000 | 982 |
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 | |
| 602 | 1-bed | 667 sqft | AED 727KAED 727,000 · May 2026May 2026 | 24,000 /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 |
603, MAG 550 in numbers
- Sold 4 times: first on 24 August 2016 for AED 390,555, last on 6 May 2026 for AED 430,000 (AED 902 per sqft).
- Rented since August 2019 on 7 Ejari contracts. The rent fell from AED 40,000 to AED 18,000 in 2021 and recovered to AED 30,000 by August 2026.
- At AED 30,000 a year the gross yield on the 2026 price is 7.0%, 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 1 August 2026.
Questions about 603, MAG 550
What did unit 603 last sell for?
AED 430,000 on 6 May 2026: AED 902 per sqft for 476 sqft. The unit has 4 registered sales; the first was AED 390,555 in August 2016.
What is the rent for unit 603?
AED 30,000 a year on the contract signed on 1 August 2026. The previous contract, from July 2024, was AED 29,920; the unit has been rented since August 2019.
How big is unit 603?
476 sqft (44.2 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 603 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.
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Mortgage on 603, MAG 550
Starts from the last sale price (AED 430K, 6 May 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 430,000
- Deposit, UAE resident (20%)
- AED 86,000
- Deposit, non-resident (40%)
- AED 172,000
- Monthly over 25 years at 3.7%
- AED 1,759
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →