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1-bed · 629 sqftMAG 555, Dubai South · 5th floor · completed 2020

501, MAG 555

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 16 September 2026
Last soldAED 533K26 December 2017
Current rentAED 50K /yr16 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, MAG 555

What is 501 worth today?

Last sold for AED 533,000 in 2017

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16 Sep 2026RentedRenewal
AED 50,000/yr12 months · AED 80 per sqft
16 Sep 2025RentedNew contract
AED 50,000/yr12 months · AED 80 per sqft
25 Jul 2025RentedRenewal
AED 48,000/yr12 months · AED 77 per sqft
25 Jul 2024RentedNew contract
AED 48,000/yr12 months · AED 77 per sqft
22 Sep 2023RentedNew contract
AED 36,000/yr12 months · AED 58 per sqft
15 Aug 2022RentedNew contract
AED 28,000/yr12 months · AED 45 per sqft
25 Mar 2021RentedNew contract
AED 24,000/yr12 months · AED 38 per sqft
26 Dec 2017Sold by developerOff-plan
AED 533,000AED 846 per sqft

Source: Dubai Land Department. Updated 16 September 2026.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
5th of 6
Parking
G-89
Developer
MAG
Completed
2020
Service charge
AED 9,400 /yr
Last sold
AED 533K · December 2017
Building
MAG 555

About 501, MAG 555

501 is a one-bedroom apartment of 629 sqft on the 5th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 December 2017 for AED 533,000, or AED 846 per sqft, 8% below the AED 915 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 16 September 2026, is AED 50,000 a year: a gross yield of 9.4% on the 2017 price, before the service charge of about AED 9,400 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, December 2017: AED 533,000 (AED 846 per sqft)

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

Rents
Unit 501, each contractTypical one-bed in MAG 555
20K40K201920222025Typical 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, March 2021: AED 24,000 a yearNew contract, August 2022: AED 28,000 a yearNew contract, September 2023: AED 36,000 a yearNew contract, July 2024: AED 48,000 a yearRenewal, July 2025: AED 48,000 a yearNew contract, September 2025: AED 50,000 a yearRenewal, September 2026: AED 50,000 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 501 sits

All 57 1-beds →

501 last sold in December 2017 at AED 846 per sqft, 8% below what one-beds in MAG 555 were fetching at the time (AED 915). 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. 501's AED 50,000 is in the upper half 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 5th floor

All 129 units in MAG 555
Value
502StudioAED 360K · Sep 2017
503StudioAED 336K · Jul 2019
5041-bedAED 440K · Nov 2019
5052-bedAED 500K · Jul 2017
5061-bedAED 600K · Jul 2025
507StudioAED 360K · Sep 2017
508StudioAED 450K · Apr 2025
1–7 of 21

501, MAG 555 in numbers

  • Sold once: by MAG on 26 December 2017 for AED 533,000, or AED 846 per sqft.
  • Rented since March 2021 on 7 Ejari contracts, from AED 24,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2017 price is 9.4%, before a service charge of about AED 9,400 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 16 September 2026.

Questions about 501, MAG 555

What did unit 501 last sell for?

AED 533,000 on 26 December 2017, sold by the developer: AED 846 per sqft for 629 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 50,000 a year on the contract renewed on 16 September 2026. The previous contract, from September 2025, was AED 50,000; the unit has been rented since March 2021.

How big is unit 501?

629 sqft (58.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 501 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 501, MAG 555

Starts from the last sale price (AED 533K, 26 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 533,000
Deposit, UAE resident (20%)
AED 106,600
Deposit, non-resident (40%)
AED 213,200
Monthly over 25 years at 3.7%
AED 2,181

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