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1-bed · 622 sqftMAG 555, Dubai South · 4th floor · completed 2020

413, MAG 555

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

Unit 413 · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 500K19 November 2017
Current rentAED 60K /yr27 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 413, MAG 555

What is 413 worth today?

Last sold for AED 500,000 in 2017

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27 Sep 2024RentedNew contract
AED 60,000/yr12 months · AED 96 per sqft
15 Apr 2023RentedNew contract
AED 47,000/yr12 months · AED 77 per sqft
23 Apr 2022RentedNew contract
AED 37,895/yr12 months · AED 61 per sqft
3 Jun 2020RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft
19 Nov 2017Sold by developerOff-plan
AED 500,000AED 803 per sqft

Source: Dubai Land Department. Updated 27 September 2024.

Key facts

Type
1-bed apartment
Size
622 sqft
Floor
4th of 6
Parking
G-79
Developer
MAG
Completed
2020
Service charge
AED 9,300 /yr
Last sold
AED 500K · November 2017
Building
MAG 555

About 413, MAG 555

413 is a one-bedroom apartment of 622 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 November 2017 for AED 500,000, or AED 803 per sqft, 12% below the AED 916 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 27 September 2024, is AED 60,000 a year: a gross yield of 12.0% on the 2017 price, before the service charge of about AED 9,300 a year.

Sales and rents for 413 over time

Sales
Unit 413, each saleTypical one-bed in MAG 555
400K600K2017202020232026Typical sale price by year: 2017 AED 447,746; 2018 AED 458,000; 2019 AED 488,223; 2020 AED 450,000; 2022 AED 365,000; 2023 AED 450,017; 2024 AED 450,000; 2025 AED 625,000; 2026 AED 600,000Sold by developer, November 2017: AED 500,000 (AED 803 per sqft)

413 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 413, each contractTypical one-bed in MAG 555
20K40K60K20192021202320252027Typical rent by year: 2019 AED 24,500; 2020 AED 24,000; 2021 AED 24,000; 2022 AED 25,500; 2023 AED 31,000; 2024 AED 40,000; 2025 AED 46,500; 2026 AED 48,000New contract, June 2020: AED 24,000 a yearNew contract, April 2022: AED 37,895 a yearNew contract, April 2023: AED 47,000 a yearNew contract, September 2024: AED 60,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 555, and where 413 sits

All 57 1-beds →

413 last sold in November 2017 at AED 803 per sqft, 12% below what one-beds in MAG 555 were fetching at the time (AED 916). Over the last 12 months one-beds sold for AED 590,000 to 682,000, around AED 1,233 per sqft, and rent for AED 12,000 to 60,000 a year. 413's AED 60,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 2026590,000
22 Oct 2026590,000
4 Sep 2026600,000
18 Aug 2026682,000
9 1-bed 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
402StudioAED 360K · Sep 2019
403StudioAED 480K · Jan 2026
4041-bedAED 590K · Oct 2026
4052-bedAED 595K · Oct 2019
4061-bedAED 325K · Dec 2022
407StudioAED 355K · Oct 2017
1–7 of 21

413, MAG 555 in numbers

  • Sold once: by MAG on 19 November 2017 for AED 500,000, or AED 803 per sqft.
  • Rented since June 2020 on 4 Ejari contracts, from AED 24,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2017 price is 12.0%, before a service charge of about AED 9,300 a year (AED 14.96 per sqft).
  • One-beds in MAG 555 sold for AED 590,000–682,000 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 27 September 2024.

Questions about 413, MAG 555

What did unit 413 last sell for?

AED 500,000 on 19 November 2017, sold by the developer: AED 803 per sqft for 622 sqft. It is the only registered sale of the unit.

What is the rent for unit 413?

AED 60,000 a year on the contract signed on 27 September 2024. The previous contract, from April 2023, was AED 47,000; the unit has been rented since June 2020.

How big is unit 413?

622 sqft (57.8 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 413 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 555 sold for AED 590,000 to 682,000 in the last 12 months, around AED 1,233 per sqft.

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Mortgage on 413, MAG 555

Starts from the last sale price (AED 500K, 19 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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