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

318, MAG 555

Sold prices and rental history: sold twice, last in July 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 10 July 2023
Last soldAED 325K10 July 2023
Current rentAED 21K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, MAG 555

What is 318 worth today?

Last sold for AED 325,000 in 2023

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10 Jul 2023SoldReady
AED 325,000AED 743 per sqft
1 Jul 2022RentedRenewal
AED 20,500/yr12 months · AED 46 per sqft
1 Jul 2021RentedNew contract
AED 17,000/yr12 months · AED 39 per sqft
14 May 2020RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
30 Sep 2018Sold by developerOff-plan
AED 403,000AED 922 per sqft

Source: Dubai Land Department. Updated 10 July 2023.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
3rd of 6
Parking
G-62
Developer
MAG
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 325K · July 2023
Building
MAG 555

About 318, MAG 555

318 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. It last sold on 10 July 2023 for AED 325,000, or AED 743 per sqft, in line with the AED 737 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 20,500 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 6,500 a year.

Sales and rents for 318 over time

Sales
Unit 318, 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, September 2018: AED 403,000 (AED 922 per sqft)Sold, July 2023: AED 325,000 (AED 743 per sqft)

318 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 318, each contractTypical studio in MAG 555
20K40K20192021202320252027Typical 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, May 2020: AED 18,000 a yearNew contract, July 2021: AED 17,000 a yearRenewal, July 2022: AED 20,500 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 318 sits

All 60 studios →

318 last sold in July 2023 at AED 743 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 737). 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. 318's AED 20,500 is at the bottom 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 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

318, MAG 555 in numbers

  • Sold twice: first on 30 September 2018 for AED 403,000, last on 10 July 2023 for AED 325,000 (AED 743 per sqft).
  • Rented since May 2020 on 3 Ejari contracts, from AED 18,000 to AED 20,500 a year.
  • At AED 20,500 a year the gross yield on the 2023 price is 6.3%, 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 10 July 2023.

Questions about 318, MAG 555

What did unit 318 last sell for?

AED 325,000 on 10 July 2023: AED 743 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 403,000 in September 2018.

What is the rent for unit 318?

AED 20,500 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 17,000; the unit has been rented since May 2020.

How big is unit 318?

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

What is unit 318 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 318, MAG 555

Starts from the last sale price (AED 325K, 10 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

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