407, MAG 555
Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, MAG 555
What is 407 worth today?
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Source: Dubai Land Department. Updated 3 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 387 sqft
- Floor
- 4th of 6
- Parking
- G-73
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 5,800 /yr
- Last sold
- AED 355K · October 2017
- Building
- MAG 555
About 407, MAG 555
407 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 19 October 2017 for AED 355,000, or AED 917 per sqft, in line with the AED 918 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 3 October 2026, is AED 40,500 a year: a gross yield of 11.4% on the 2017 price, before the service charge of about AED 5,800 a year.
Sales and rents for 407 over time
407 has sold once; 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 407 sits
All 60 studios →407 last sold in October 2017 at AED 917 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 918). 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. 407's AED 40,500 is in the upper half 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 4th floor
All 129 units in MAG 555| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 628 sqft | AED 490KAED 490,000 · Nov 2024November 2024 | 45,000 /yr | |
| 402 | Studio | 387 sqft | AED 360KAED 360,000 · Sep 2019September 2019 | 39,000 /yr | |
| 403 | Studio | 365 sqft | AED 480KAED 480,000 · Jan 2026January 2026 | 31,000 /yr | |
| 404 | 1-bed | 478 sqft | AED 590KAED 590,000 · Oct 2026October 2026 | 40,000 /yr | |
| 405 | 2-bed | 666 sqft | AED 595KAED 594,950 · Oct 2019October 2019 | 60,000 /yr | |
| 406 | 1-bed | 483 sqft | AED 325KAED 325,000 · Dec 2022December 2022 | 56,000 /yr | |
| 408 | Studio | 347 sqft | AED 445KAED 445,000 · Aug 2026August 2026 | 38,000 /yr | |
| 409 | 1-bed | 478 sqft | AED 450KAED 450,000 · Jan 2024January 2024 | ||
| 410 | 2-bed | 665 sqft | AED 630KAED 630,000 · Oct 2017October 2017 | 54,600 /yr | |
| 411 | 1-bed | 483 sqft | AED 610KAED 610,000 · Oct 2025October 2025 | 56,000 /yr | |
| 412 | 1-bed | 656 sqft | AED 469KAED 469,300 · Dec 2022December 2022 | 40,000 /yr | |
| 413 | 1-bed | 622 sqft | AED 500KAED 500,000 · Nov 2017November 2017 | 60,000 /yr | |
| 414 | 1-bed | 638 sqft | AED 500KAED 500,000 · Nov 2017November 2017 | 50,000 /yr | |
| 415 | Studio | 410 sqft | AED 300KAED 300,000 · Oct 2023October 2023 | 42,000 /yr | |
| 416 | Studio | 410 sqft | AED 372KAED 372,000 · Mar 2024March 2024 | 44,751 /yr | |
| 417 | Studio | 437 sqft | AED 392KAED 392,000 · Nov 2019November 2019 | 25,625 /yr | |
| 418 | Studio | 437 sqft | AED 400KAED 400,000 · Oct 2017October 2017 | 38,000 /yr | |
| 419 | 1-bed | 514 sqft | AED 462KAED 462,285 · Mar 2018March 2018 | 47,000 /yr | |
| 420 | 1-bed | 514 sqft | AED 590KAED 590,000 · Oct 2026October 2026 | 47,000 /yr | |
| 421 | Studio | 360 sqft | AED 300KAED 300,000 · Apr 2025April 2025 | 41,500 /yr | |
| 422 | Studio | 360 sqft | AED 467KAED 467,000 · Jun 2026June 2026 | 42,000 /yr |
407, MAG 555 in numbers
- Sold once: by MAG on 19 October 2017 for AED 355,000, or AED 917 per sqft.
- Rented since October 2019 on 7 Ejari contracts. The rent fell from AED 21,000 to AED 18,000 in 2021 and recovered to AED 40,500 by October 2026.
- At AED 40,500 a year the gross yield on the 2017 price is 11.4%, 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 3 October 2026.
Questions about 407, MAG 555
What did unit 407 last sell for?
AED 355,000 on 19 October 2017, sold by the developer: AED 917 per sqft for 387 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 40,500 a year on the contract renewed on 3 October 2026. The previous contract, from October 2025, was AED 45,000; the unit has been rented since October 2019.
How big is unit 407?
387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 407 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 407, MAG 555
Starts from the last sale price (AED 355K, 19 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 355,000
- Deposit, UAE resident (20%)
- AED 71,000
- Deposit, non-resident (40%)
- AED 142,000
- Monthly over 25 years at 3.7%
- AED 1,452
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →