Studio · 437 sqftMAG 555, Dubai South · 3rd floor · completed 2020

317, MAG 555

Sold prices and rental history: sold once, by the developer in May 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 317 · DLD and Ejari recordsUpdated 15 May 2019
Last soldAED 400K15 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 317, MAG 555

What is 317 worth today?

Last sold for AED 400,000 in 2019

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15 May 2019Sold by developerOff-plan
AED 400,000AED 915 per sqft

Source: Dubai Land Department. Updated 15 May 2019.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
3rd of 6
Parking
G-61
Developer
MAG
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 400K · May 2019
Building
MAG 555

About 317, MAG 555

317 is a studio of 437 sqft on the 3rd floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 15 May 2019 for AED 400,000, or AED 915 per sqft, in line with the AED 912 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 317 over time

Sales
Unit 317, 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, May 2019: AED 400,000 (AED 915 per sqft)

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

Rents
Unit 317, 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 39,000

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 317 sits

All 60 studios →

317 last sold in May 2019 at AED 915 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 912). 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.

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 3rd floor

All 129 units in MAG 555
Value
3011-bedAED 554K · Oct 2017
302StudioAED 356K · Jul 2017
303StudioAED 338K · Jan 2018
3041-bedAED 439K · Aug 2017
3052-bedAED 595K · Sep 2017
3061-bedAED 445K · Aug 2017
307StudioAED 372K · Jan 2018
1–7 of 21

317, MAG 555 in numbers

  • Sold once: by MAG on 15 May 2019 for AED 400,000, or AED 915 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 May 2019.

Questions about 317, MAG 555

What did unit 317 last sell for?

AED 400,000 on 15 May 2019, sold by the developer: AED 915 per sqft for 437 sqft. It is the only registered sale of the unit.

How big is unit 317?

437 sqft (40.6 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 317 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 317, MAG 555

Starts from the last sale price (AED 400K, 15 May 2019). 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 →