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1-bed · 483 sqftMAG 555, Dubai South · 1st floor · completed 2020

106, MAG 555

Sold prices and rental history: sold once, by the developer in March 2020, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 106 · DLD and Ejari recordsUpdated 17 April 2024
Last soldAED 450K8 March 2020
Current rentAED 31K /yr17 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 106, MAG 555

What is 106 worth today?

Last sold for AED 450,000 in 2020

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17 Apr 2024RentedRenewal
AED 31,000/yr12 months · AED 64 per sqft
17 Apr 2024RentedRenewal
AED 31,000/yr12 months · AED 65 per sqft
17 Apr 2023RentedRenewal
AED 26,000/yr12 months · AED 54 per sqft
17 Mar 2022RentedNew contract
AED 24,000/yr13 months · AED 50 per sqft
8 Mar 2020Sold by developerOff-plan
AED 450,000AED 931 per sqft

Source: Dubai Land Department. Updated 17 April 2024.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
1st of 6
Parking
G-27
Developer
MAG
Completed
2020
Service charge
AED 7,200 /yr
Last sold
AED 450K · March 2020
Building
MAG 555

About 106, MAG 555

106 is a one-bedroom apartment of 483 sqft on the 1st floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 8 March 2020 for AED 450,000, or AED 931 per sqft, 11% above the AED 839 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 17 April 2024, is AED 31,000 a year: a gross yield of 6.9% on the 2020 price, before the service charge of about AED 7,200 a year.

Sales and rents for 106 over time

Sales
Unit 106, each saleTypical one-bed in MAG 555
400K600K2017202020232026Typical sale price by year: 2017 AED 447,746; 2018 AED 458,000; 2019 AED 488,223; 2020 AED 450,000; 2022 AED 365,000; 2023 AED 450,017; 2024 AED 450,000; 2025 AED 625,000; 2026 AED 600,000Sold by developer, March 2020: AED 450,000 (AED 931 per sqft)

106 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 106, each contractTypical one-bed in MAG 555
20K40K20192021202320252027Typical rent by year: 2019 AED 24,500; 2020 AED 24,000; 2021 AED 24,000; 2022 AED 25,500; 2023 AED 31,000; 2024 AED 40,000; 2025 AED 46,500; 2026 AED 48,000New contract, March 2022: AED 24,000 a yearRenewal, April 2023: AED 26,000 a yearRenewal, April 2024: AED 31,000 a yearRenewal, April 2024: AED 31,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 555, and where 106 sits

All 57 1-beds →

106 last sold in March 2020 at AED 931 per sqft, 11% above what one-beds in MAG 555 were fetching at the time (AED 839). Over the last 12 months one-beds sold for AED 590,000 to 682,000, around AED 1,233 per sqft, and rent for AED 12,000 to 60,000 a year. 106's AED 31,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 2026590,000
22 Oct 2026590,000
4 Sep 2026600,000
18 Aug 2026682,000
9 1-bed sales in the last 12 months

MAG 555

Building

129 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 13 sold in the last 12 months.

Typical price per sqft
AED 1,265 Up 15.3%
Typical sale
AED 590K
Typical rent
AED 43K /yr
Typical yield
7.7%
MAG 555, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 129 units in MAG 555
Value
1011-bedAED 420K · May 2024
102StudioAED 360K · Oct 2017
103StudioNo registered sale
1041-bedAED 600K · Sep 2026
1052-bedAED 566K · Jun 2018
107StudioAED 400K · Sep 2025
108StudioAED 316K · Aug 2017
1–7 of 21

106, MAG 555 in numbers

  • Sold once: by MAG on 8 March 2020 for AED 450,000, or AED 931 per sqft.
  • Rented since March 2022 on 4 Ejari contracts, from AED 24,000 to AED 31,000 a year.
  • At AED 31,000 a year the gross yield on the 2020 price is 6.9%, before a service charge of about AED 7,200 a year (AED 14.96 per sqft).
  • One-beds in MAG 555 sold for AED 590,000–682,000 in the 12 months to November 2026; the building's median across all types is AED 1,265 per sqft.

Source: Dubai Land Department. Updated 17 April 2024.

Questions about 106, MAG 555

What did unit 106 last sell for?

AED 450,000 on 8 March 2020, sold by the developer: AED 931 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 106?

AED 31,000 a year on the contract renewed on 17 April 2024. The previous contract, from April 2024, was AED 31,000; the unit has been rented since March 2022.

How big is unit 106?

483 sqft (44.9 sqm): a one-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 106 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 555 sold for AED 590,000 to 682,000 in the last 12 months, around AED 1,233 per sqft.

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Mortgage on 106, MAG 555

Starts from the last sale price (AED 450K, 8 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →