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Studio · 387 sqftMAG 555, Dubai South · 4th floor · completed 2020

402, MAG 555

Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 15 January 2026
Last soldAED 360K24 September 2019
Current rentAED 39K /yr15 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, MAG 555

What is 402 worth today?

Last sold for AED 360,000 in 2019

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15 Jan 2026RentedRenewal
AED 39,000/yr12 months · AED 101 per sqft
15 Jan 2025RentedNew contract
AED 37,000/yr12 months · AED 95 per sqft
1 Jan 2021RentedNew contract
AED 18,000/yr12 months · AED 46 per sqft
24 Sep 2019Sold by developerOff-plan
AED 360,000AED 930 per sqft

Source: Dubai Land Department. Updated 15 January 2026.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
4th of 6
Parking
G-68
Developer
MAG
Completed
2020
Service charge
AED 5,800 /yr
Last sold
AED 360K · September 2019
Building
MAG 555

About 402, MAG 555

402 is a studio of 387 sqft on the 4th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 24 September 2019 for AED 360,000, or AED 930 per sqft, in line with the AED 915 studios in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 15 January 2026, is AED 39,000 a year: a gross yield of 10.8% on the 2019 price, before the service charge of about AED 5,800 a year.

Sales and rents for 402 over time

Sales
Unit 402, 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 2019: AED 360,000 (AED 930 per sqft)

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

Rents
Unit 402, 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, January 2021: AED 18,000 a yearNew contract, January 2025: AED 37,000 a yearRenewal, January 2026: AED 39,000 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 402 sits

All 60 studios →

402 last sold in September 2019 at AED 930 per sqft, in line with 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. 402's AED 39,000 is in the upper 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 4th floor

All 129 units in MAG 555
Value
4011-bedAED 490K · Nov 2024
403StudioAED 480K · Jan 2026
4041-bedAED 590K · Oct 2026
4052-bedAED 595K · Oct 2019
4061-bedAED 325K · Dec 2022
407StudioAED 355K · Oct 2017
408StudioAED 445K · Aug 2026
1–7 of 21

402, MAG 555 in numbers

  • Sold once: by MAG on 24 September 2019 for AED 360,000, or AED 930 per sqft.
  • Rented since January 2021 on 3 Ejari contracts, from AED 18,000 to AED 39,000 a year.
  • At AED 39,000 a year the gross yield on the 2019 price is 10.8%, before a service charge of about AED 5,800 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 January 2026.

Questions about 402, MAG 555

What did unit 402 last sell for?

AED 360,000 on 24 September 2019, sold by the developer: AED 930 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 39,000 a year on the contract renewed on 15 January 2026. The previous contract, from January 2025, was AED 37,000; the unit has been rented since January 2021.

How big is unit 402?

387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 402 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 402, MAG 555

Starts from the last sale price (AED 360K, 24 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 360,000
Deposit, UAE resident (20%)
AED 72,000
Deposit, non-resident (40%)
AED 144,000
Monthly over 25 years at 3.7%
AED 1,473

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