216, MAG 555
Sold prices and rental history: sold twice, last in September 2024, 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 216, MAG 555
What is 216 worth today?
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Source: Dubai Land Department. Updated 24 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 2nd of 6
- Parking
- G-38
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,100 /yr
- Last sold
- AED 400K · September 2024
- Building
- MAG 555
About 216, MAG 555
216 is a studio of 410 sqft on the 2nd floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 20 September 2024 for AED 400,000, or AED 975 per sqft, in line with the AED 988 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 24 November 2024, is AED 31,500 a year: a gross yield of 7.9% on the 2024 price, before the service charge of about AED 6,100 a year.
Sales and rents for 216 over time
216 has sold twice; 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 216 sits
All 60 studios →216 last sold in September 2024 at AED 975 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 988). 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. 216's AED 31,500 is at the bottom 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 2nd floor
All 129 units in MAG 555| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 628 sqft | AED 414KAED 413,820 · Nov 2021November 2021 | 36,300 /yr | |
| 202 | Studio | 387 sqft | AED 375KAED 375,000 · Jun 2024June 2024 | 35,000 /yr | |
| 203 | Studio | 365 sqft | AED 365KAED 365,000 · Jul 2024July 2024 | 40,000 /yr | |
| 204 | 1-bed | 478 sqft | AED 350KAED 350,000 · Jun 2024June 2024 | 46,000 /yr | |
| 205 | 2-bed | 666 sqft | AED 560KAED 560,000 · Nov 2017November 2017 | 65,000 /yr | |
| 206 | 1-bed | 483 sqft | AED 47KAED 47,458 · Jul 2026July 2026 | 52,000 /yr | |
| 207 | Studio | 387 sqft | AED 351KAED 351,070 · Aug 2017August 2017 | 44,000 /yr | |
| 208 | Studio | 347 sqft | AED 540KAED 540,000 · Feb 2026February 2026 | 20,000 /yr | |
| 209 | 1-bed | 478 sqft | AED 438KAED 438,000 · Aug 2017August 2017 | 51,000 /yr | |
| 210 | 2-bed | 665 sqft | AED 555KAED 555,000 · Jul 2023July 2023 | 64,000 /yr | |
| 211 | 1-bed | 483 sqft | AED 435KAED 435,000 · Nov 2017November 2017 | 48,000 /yr | |
| 213 | 1-bed | 622 sqft | AED 486KAED 486,445 · Aug 2019August 2019 | 33,000 /yr | |
| 215 | Studio | 410 sqft | AED 470KAED 470,000 · Feb 2025February 2025 | 45,000 /yr | |
| 217 | Studio | 437 sqft | AED 394KAED 394,426 · Aug 2019August 2019 | 44,000 /yr | |
| 218 | Studio | 437 sqft | AED 430KAED 430,000 · Oct 2024October 2024 | 40,000 /yr | |
| 219 | 1-bed | 514 sqft | AED 466KAED 466,000 · Dec 2017December 2017 | 54,853 /yr | |
| 220 | 1-bed | 514 sqft | AED 375KAED 375,000 · Jun 2023June 2023 | 50,000 /yr | |
| 221 | Studio | 360 sqft | AED 328KAED 328,375 · Sep 2017September 2017 | 39,000 /yr | |
| 222 | Studio | 360 sqft | AED 328KAED 328,375 · Mar 2018March 2018 | 38,000 /yr |
216, MAG 555 in numbers
- Sold twice: first on 18 August 2019 for AED 374,555, last on 20 September 2024 for AED 400,000 (AED 975 per sqft).
- Rented since November 2021 on 4 Ejari contracts, from AED 20,000 to AED 31,500 a year.
- At AED 31,500 a year the gross yield on the 2024 price is 7.9%, 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 24 November 2024.
Questions about 216, MAG 555
What did unit 216 last sell for?
AED 400,000 on 20 September 2024: AED 975 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 374,555 in August 2019.
What is the rent for unit 216?
AED 31,500 a year on the contract signed on 24 November 2024. The previous contract, from November 2023, was AED 30,000; the unit has been rented since November 2021.
How big is unit 216?
410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 216 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 216, MAG 555
Starts from the last sale price (AED 400K, 20 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →