115, MAG 555
Sold prices and rental history: sold once, by the developer in July 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 115, MAG 555
What is 115 worth today?
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Source: Dubai Land Department. Updated 27 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 1st of 6
- Parking
- G-15
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,100 /yr
- Last sold
- AED 376K · July 2019
- Building
- MAG 555
About 115, MAG 555
115 is a studio of 410 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 30 July 2019 for AED 376,000, or AED 917 per sqft, in line with the AED 915 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 27 October 2024, is AED 32,000 a year: a gross yield of 8.5% on the 2019 price, before the service charge of about AED 6,100 a year.
Sales and rents for 115 over time
115 has sold once; 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 555, and where 115 sits
All 60 studios →115 last sold in July 2019 at AED 917 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 915). Over the last 12 months studios sold for AED 445,000 to 540,000, around AED 1,306 per sqft, and rent for AED 31,500 to 45,000 a year. 115's AED 32,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Aug 20264 August 2026 | 347 sqft | 445,000 | 1,281 | ||
| 4 Jun 20264 June 2026 | 360 sqft | 467,000 | 1,297 | ||
| 16 Feb 202616 February 2026 | 347 sqft | 540,000 | 1,554 | ||
| 30 Jan 202630 January 2026 | 365 sqft | 480,000 | 1,315 |
MAG 555
Building129 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%
Other units on the 1st floor
All 129 units in MAG 555| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 420KAED 420,000 · May 2024May 2024 | 38,808 /yr | |
| 102 | Studio | 387 sqft | AED 360KAED 359,575 · Oct 2017October 2017 | 40,000 /yr | |
| 103 | Studio | 365 sqft | No registered sale | 50,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 600KAED 600,000 · Sep 2026September 2026 | 39,000 /yr | |
| 105 | 2-bed | 666 sqft | AED 566KAED 565,800 · Jun 2018June 2018 | 70,000 /yr | |
| 106 | 1-bed | 483 sqft | AED 450KAED 450,000 · Mar 2020March 2020 | 31,000 /yr | |
| 107 | Studio | 387 sqft | AED 400KAED 400,000 · Sep 2025September 2025 | 36,000 /yr | |
| 108 | Studio | 347 sqft | AED 316KAED 315,784 · Aug 2017August 2017 | 42,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 22KAED 21,564 · Aug 2026August 2026 | 47,000 /yr | |
| 110 | 2-bed | 665 sqft | AED 582KAED 582,000 · Jan 2018January 2018 | 35,000 /yr | |
| 111 | 1-bed | 483 sqft | AED 448KAED 447,746 · Oct 2017October 2017 | 45,000 /yr | |
| 112 | 1-bed | 656 sqft | AED 680KAED 680,000 · Jul 2025July 2025 | 40,000 /yr | |
| 113 | 1-bed | 622 sqft | AED 445KAED 444,548 · Feb 2023February 2023 | 54,000 /yr | |
| 114 | 1-bed | 638 sqft | AED 475KAED 475,000 · Apr 2024April 2024 | 54,848 /yr | |
| 116 | Studio | 410 sqft | AED 379KAED 378,500 · Feb 2020February 2020 | 43,000 /yr | |
| 117 | Studio | 437 sqft | AED 399KAED 399,000 · Apr 2018April 2018 | 38,000 /yr | |
| 118 | Studio | 437 sqft | AED 405KAED 404,500 · Apr 2018April 2018 | 36,500 /yr | |
| 119 | 1-bed | 514 sqft | AED 474KAED 474,000 · Sep 2017September 2017 | ||
| 120 | 1-bed | 514 sqft | AED 472KAED 472,000 · Feb 2020February 2020 | 45,000 /yr | |
| 121 | Studio | 360 sqft | AED 380KAED 380,000 · Feb 2020February 2020 | 36,000 /yr | |
| 122 | Studio | 360 sqft | AED 338KAED 338,200 · Nov 2017November 2017 | 40,000 /yr |
115, MAG 555 in numbers
- Sold once: by MAG on 30 July 2019 for AED 376,000, or AED 917 per sqft.
- Rented since March 2021 on 6 Ejari contracts, from AED 15,000 to AED 32,000 a year.
- At AED 32,000 a year the gross yield on the 2019 price is 8.5%, before a service charge of about AED 6,100 a year (AED 14.96 per sqft).
- Studios in MAG 555 sold for AED 445,000–540,000 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 27 October 2024.
Questions about 115, MAG 555
What did unit 115 last sell for?
AED 376,000 on 30 July 2019, sold by the developer: AED 917 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 115?
AED 32,000 a year on the contract signed on 27 October 2024. The previous contract, from October 2024, was AED 32,000; the unit has been rented since March 2021.
How big is unit 115?
410 sqft (38.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 115 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 555 sold for AED 445,000 to 540,000 in the last 12 months, around AED 1,306 per sqft.
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Mortgage on 115, MAG 555
Starts from the last sale price (AED 376K, 30 July 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 376,000
- Deposit, UAE resident (20%)
- AED 75,200
- Deposit, non-resident (40%)
- AED 150,400
- Monthly over 25 years at 3.7%
- AED 1,538
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →