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Studio · 437 sqftMAG 555, Dubai South · 1st floor · completed 2020

118, MAG 555

Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 6 December 2025
Last soldAED 405K12 April 2018
Current rentAED 37K /yr6 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, MAG 555

What is 118 worth today?

Last sold for AED 404,500 in 2018

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6 Dec 2025RentedRenewal
AED 36,500/yr12 months · AED 84 per sqft
6 Dec 2024RentedRenewal
AED 35,500/yr12 months · AED 81 per sqft
6 Dec 2023RentedNew contract
AED 32,000/yr12 months · AED 73 per sqft
12 Apr 2018Sold by developerOff-plan
AED 404,500AED 925 per sqft

Source: Dubai Land Department. Updated 6 December 2025.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
1st of 6
Parking
G-18
Developer
MAG
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 405K · April 2018
Building
MAG 555

About 118, MAG 555

118 is a studio of 437 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 12 April 2018 for AED 404,500, or AED 925 per sqft, in line with the AED 917 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 6 December 2025, is AED 36,500 a year: a gross yield of 9.0% on the 2018 price, before the service charge of about AED 6,500 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical studio in MAG 555
300K400K500K2017202020232026Typical sale price by year: 2017 AED 353,035; 2018 AED 365,000; 2019 AED 374,555; 2020 AED 316,750; 2023 AED 300,000; 2024 AED 400,000; 2025 AED 425,000; 2026 AED 473,500Sold by developer, April 2018: AED 404,500 (AED 925 per sqft)

118 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 118, each contractTypical studio in MAG 555
20K30K40K20192021202320252027Typical rent by year: 2019 AED 25,000; 2020 AED 19,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 25,000; 2024 AED 34,000; 2025 AED 40,000; 2026 AED 39,000New contract, December 2023: AED 32,000 a yearRenewal, December 2024: AED 35,500 a yearRenewal, December 2025: AED 36,500 a year

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 118 sits

All 60 studios →

118 last sold in April 2018 at AED 925 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 917). 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. 118's AED 36,500 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Aug 2026445,000
4 Jun 2026467,000
16 Feb 2026540,000
30 Jan 2026480,000
4 studio 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
1061-bedAED 450K · Mar 2020
107StudioAED 400K · Sep 2025
1–7 of 21

118, MAG 555 in numbers

  • Sold once: by MAG on 12 April 2018 for AED 404,500, or AED 925 per sqft.
  • Rented since December 2023 on 3 Ejari contracts, from AED 32,000 to AED 36,500 a year.
  • At AED 36,500 a year the gross yield on the 2018 price is 9.0%, before a service charge of about AED 6,500 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 6 December 2025.

Questions about 118, MAG 555

What did unit 118 last sell for?

AED 404,500 on 12 April 2018, sold by the developer: AED 925 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 36,500 a year on the contract renewed on 6 December 2025. The previous contract, from December 2024, was AED 35,500; the unit has been rented since December 2023.

How big is unit 118?

437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 118 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 118, MAG 555

Starts from the last sale price (AED 405K, 12 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 404,500
Deposit, UAE resident (20%)
AED 80,900
Deposit, non-resident (40%)
AED 161,800
Monthly over 25 years at 3.7%
AED 1,655

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