612, MAG 550
Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 612, MAG 550
What is 612 worth today?
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Source: Dubai Land Department. Updated 11 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 635 sqft
- Floor
- 6th of 6
- Parking
- G-85
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,600 /yr
- Last sold
- AED 539K · March 2018
- Building
- MAG 550
About 612, MAG 550
612 is a one-bedroom apartment of 635 sqft on the 6th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 March 2018 for AED 538,824, or AED 848 per sqft, in line with the AED 832 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 9 Ejari contracts. The current contract, signed on 11 July 2026, is AED 51,000 a year: a gross yield of 9.5% on the 2018 price, before the service charge of about AED 10,600 a year.
Sales and rents for 612 over time
612 has sold once; 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 612 sits
All 48 1-beds →612 last sold in March 2018 at AED 848 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 832). 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. 612's AED 51,000 is in the lower half 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 | ||
| 8 Oct 20258 October 2025 | 635 sqft | 650,000 | 1,023 | ||
| 29 Jul 202529 July 2025 | 642 sqft | 700,000 | 1,089 |
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 | |
| 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 | |
| 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 |
612, MAG 550 in numbers
- Sold once: by MAG on 26 March 2018 for AED 538,824, or AED 848 per sqft.
- Rented since March 2020 on 9 Ejari contracts, from AED 28,000 to AED 51,000 a year.
- At AED 51,000 a year the gross yield on the 2018 price is 9.5%, 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 11 July 2026.
Questions about 612, MAG 550
What did unit 612 last sell for?
AED 538,824 on 26 March 2018, sold by the developer: AED 848 per sqft for 635 sqft. It is the only registered sale of the unit.
What is the rent for unit 612?
AED 51,000 a year on the contract signed on 11 July 2026. The previous contract, from July 2025, was AED 52,000; the unit has been rented since March 2020.
How big is unit 612?
635 sqft (59.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.
What is unit 612 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 612, MAG 550
Starts from the last sale price (AED 539K, 26 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 538,824
- Deposit, UAE resident (20%)
- AED 107,765
- Deposit, non-resident (40%)
- AED 215,530
- Monthly over 25 years at 3.7%
- AED 2,204
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →