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Studio · 360 sqftMAG 555, Dubai South · 1st floor · completed 2020

121, MAG 555

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

Unit 121 · DLD and Ejari recordsUpdated 15 August 2026
Last soldAED 380K26 February 2020
Current rentAED 36K /yr15 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 121, MAG 555

What is 121 worth today?

Last sold for AED 380,000 in 2020

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15 Aug 2026RentedNew contract
AED 36,000/yr12 months · AED 100 per sqft
1 Jan 2025RentedRenewal
AED 36,000/yr12 months · AED 100 per sqft
1 Jan 2025RentedRenewal
AED 36,000/yr12 months · AED 100 per sqft
1 Jan 2024RentedNew contract
AED 34,000/yr12 months · AED 94 per sqft
1 Feb 2022RentedNew contract
AED 20,000/yr12 months · AED 56 per sqft
1 Feb 2021RentedNew contract
AED 16,000/yr12 months · AED 45 per sqft
28 Dec 2020RentedNew contract
AED 17,000/yr12 months · AED 48 per sqft
26 Feb 2020Sold by developerOff-plan
AED 380,000AED 1,055 per sqft

Source: Dubai Land Department. Updated 15 August 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
1st of 6
Parking
G-21
Developer
MAG
Completed
2020
Service charge
AED 5,400 /yr
Last sold
AED 380K · February 2020
Building
MAG 555

About 121, MAG 555

121 is a studio of 360 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 26 February 2020 for AED 380,000, or AED 1,055 per sqft, 15% above the AED 915 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 15 August 2026, is AED 36,000 a year: a gross yield of 9.5% on the 2020 price, before the service charge of about AED 5,400 a year.

Sales and rents for 121 over time

Sales
Unit 121, 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, February 2020: AED 380,000 (AED 1,055 per sqft)

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

Rents
Unit 121, each contractTypical studio in MAG 555
20K40K201920222025Typical 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 2020: AED 17,000 a yearNew contract, February 2021: AED 16,000 a yearNew contract, February 2022: AED 20,000 a yearNew contract, January 2024: AED 34,000 a yearRenewal, January 2025: AED 36,000 a yearRenewal, January 2025: AED 36,000 a yearNew contract, August 2026: AED 36,000 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 121 sits

All 60 studios →

121 last sold in February 2020 at AED 1,055 per sqft, 15% above 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. 121's AED 36,000 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

121, MAG 555 in numbers

  • Sold once: by MAG on 26 February 2020 for AED 380,000, or AED 1,055 per sqft.
  • Rented since December 2020 on 7 Ejari contracts, from AED 17,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2020 price is 9.5%, before a service charge of about AED 5,400 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 15 August 2026.

Questions about 121, MAG 555

What did unit 121 last sell for?

AED 380,000 on 26 February 2020, sold by the developer: AED 1,055 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 121?

AED 36,000 a year on the contract signed on 15 August 2026. The previous contract, from January 2025, was AED 36,000; the unit has been rented since December 2020.

How big is unit 121?

360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 121 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 121, MAG 555

Starts from the last sale price (AED 380K, 26 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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