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Studio · 360 sqftMAG 555, Dubai South · 3rd floor · completed 2020

322, MAG 555

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 322 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 320K17 August 2017
Current rentAED 38K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 322, MAG 555

What is 322 worth today?

Last sold for AED 320,000 in 2017

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20 Nov 2024RentedNew contract
AED 38,000/yr12 months · AED 106 per sqft
1 Nov 2022RentedRenewal
AED 19,000/yr12 months · AED 53 per sqft
1 Nov 2021RentedNew contract
AED 19,000/yr12 months · AED 53 per sqft
10 Feb 2021RentedNew contract
AED 20,000/yr12 months · AED 56 per sqft
10 Feb 2020RentedNew contract
AED 20,000/yr12 months · AED 56 per sqft
17 Aug 2017Sold by developerOff-plan
AED 320,000AED 888 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
3rd of 6
Parking
G-66
Developer
MAG
Completed
2020
Service charge
AED 5,400 /yr
Last sold
AED 320K · August 2017
Building
MAG 555

About 322, MAG 555

322 is a studio of 360 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 17 August 2017 for AED 320,000, or AED 888 per sqft, in line with the AED 909 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 20 November 2024, is AED 38,000 a year: a gross yield of 11.9% on the 2017 price, before the service charge of about AED 5,400 a year.

Sales and rents for 322 over time

Sales
Unit 322, 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, August 2017: AED 320,000 (AED 888 per sqft)

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

Rents
Unit 322, 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, February 2020: AED 20,000 a yearNew contract, February 2021: AED 20,000 a yearNew contract, November 2021: AED 19,000 a yearRenewal, November 2022: AED 19,000 a yearNew contract, November 2024: AED 38,000 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 322 sits

All 60 studios →

322 last sold in August 2017 at AED 888 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 909). 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. 322's AED 38,000 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 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

322, MAG 555 in numbers

  • Sold once: by MAG on 17 August 2017 for AED 320,000, or AED 888 per sqft.
  • Rented since February 2020 on 5 Ejari contracts, from AED 20,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2017 price is 11.9%, 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 20 November 2024.

Questions about 322, MAG 555

What did unit 322 last sell for?

AED 320,000 on 17 August 2017, sold by the developer: AED 888 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 322?

AED 38,000 a year on the contract signed on 20 November 2024. The previous contract, from November 2022, was AED 19,000; the unit has been rented since February 2020.

How big is unit 322?

360 sqft (33.4 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 322 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 322, MAG 555

Starts from the last sale price (AED 320K, 17 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

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