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Studio · 437 sqftMAG 555, Dubai South · 4th floor · completed 2020

417, MAG 555

Sold prices and rental history: sold once, by the developer in November 2019, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 417 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 392K7 November 2019
Current rentAED 26K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 417, MAG 555

What is 417 worth today?

Last sold for AED 392,000 in 2019

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1 Mar 2024RentedRenewal
AED 25,625/yr12 months · AED 58 per sqft
1 Mar 2023RentedNew contract
AED 25,000/yr12 months · AED 57 per sqft
11 Oct 2020RentedNew contract
AED 16,000/yr12 months · AED 36 per sqft
7 Nov 2019Sold by developerOff-plan
AED 392,000AED 897 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
4th of 6
Parking
G-83
Developer
MAG
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 392K · November 2019
Building
MAG 555

About 417, MAG 555

417 is a studio of 437 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 7 November 2019 for AED 392,000, or AED 897 per sqft, in line with the AED 913 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 March 2024, is AED 25,625 a year: a gross yield of 6.5% on the 2019 price, before the service charge of about AED 6,500 a year.

Sales and rents for 417 over time

Sales
Unit 417, 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, November 2019: AED 392,000 (AED 897 per sqft)

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

Rents
Unit 417, 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, October 2020: AED 16,000 a yearNew contract, March 2023: AED 25,000 a yearRenewal, March 2024: AED 25,625 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 417 sits

All 60 studios →

417 last sold in November 2019 at AED 897 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 913). 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. 417's AED 25,625 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 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

417, MAG 555 in numbers

  • Sold once: by MAG on 7 November 2019 for AED 392,000, or AED 897 per sqft.
  • Rented since October 2020 on 3 Ejari contracts, from AED 16,000 to AED 25,625 a year.
  • At AED 25,625 a year the gross yield on the 2019 price is 6.5%, 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 1 March 2024.

Questions about 417, MAG 555

What did unit 417 last sell for?

AED 392,000 on 7 November 2019, sold by the developer: AED 897 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 417?

AED 25,625 a year on the contract renewed on 1 March 2024. The previous contract, from March 2023, was AED 25,000; the unit has been rented since October 2020.

How big is unit 417?

437 sqft (40.6 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 417 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 417, MAG 555

Starts from the last sale price (AED 392K, 7 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 392,000
Deposit, UAE resident (20%)
AED 78,400
Deposit, non-resident (40%)
AED 156,800
Monthly over 25 years at 3.7%
AED 1,604

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