116, MAG 555
Sold prices and rental history: sold once, by the developer in February 2020, and rented once, from December 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 116, MAG 555
What is 116 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 1st of 6
- Parking
- G-16
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,100 /yr
- Last sold
- AED 379K · February 2020
- Building
- MAG 555
About 116, MAG 555
116 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 11 February 2020 for AED 378,500, or AED 922 per sqft, in line with the AED 914 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 December 2025. The current contract, signed on 1 December 2025, is AED 43,000 a year: a gross yield of 11.4% on the 2020 price, before the service charge of about AED 6,100 a year.
Sales and rents for 116 over time
116 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 116 sits
All 60 studios →116 last sold in February 2020 at AED 922 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 914). 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. 116's AED 43,000 is in the upper 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 | |
| 115 | Studio | 410 sqft | AED 376KAED 376,000 · Jul 2019July 2019 | 32,000 /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 |
116, MAG 555 in numbers
- Sold once: by MAG on 11 February 2020 for AED 378,500, or AED 922 per sqft.
- Rented since December 2025 on one Ejari contract, at AED 43,000 a year.
- At AED 43,000 a year the gross yield on the 2020 price is 11.4%, 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 1 December 2025.
Questions about 116, MAG 555
What did unit 116 last sell for?
AED 378,500 on 11 February 2020, sold by the developer: AED 922 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 116?
AED 43,000 a year on the contract signed on 1 December 2025.
How big is unit 116?
410 sqft (38.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 116 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 116, MAG 555
Starts from the last sale price (AED 379K, 11 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 378,500
- Deposit, UAE resident (20%)
- AED 75,700
- Deposit, non-resident (40%)
- AED 151,400
- Monthly over 25 years at 3.7%
- AED 1,549
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →