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Studio · 389 sqftMAG 555, Dubai South · 5th floor · completed 2020

502, MAG 555

Sold prices and rental history: sold once, by the developer in September 2017, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 360K17 September 2017
Current rentAED 30K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, MAG 555

What is 502 worth today?

Last sold for AED 360,000 in 2017

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1 Nov 2023RentedNew contract
AED 30,000/yr12 months · AED 77 per sqft
18 Sep 2022RentedRenewal
AED 19,000/yr12 months · AED 49 per sqft
18 Sep 2021RentedNew contract
AED 17,000/yr12 months · AED 44 per sqft
6 Aug 2020RentedNew contract
AED 16,000/yr12 months · AED 41 per sqft
1 Nov 2019RentedNew contract
AED 25,000/yr12 months · AED 65 per sqft
17 Sep 2017Sold by developerOff-plan
AED 360,000AED 925 per sqft

Source: Dubai Land Department. Updated 1 November 2023.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
5th of 6
Parking
G-90
Developer
MAG
Completed
2020
Service charge
AED 5,800 /yr
Last sold
AED 360K · September 2017
Building
MAG 555

About 502, MAG 555

502 is a studio of 389 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 17 September 2017 for AED 360,000, or AED 925 per sqft, in line with the AED 919 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 November 2023, is AED 30,000 a year: a gross yield of 8.3% on the 2017 price, before the service charge of about AED 5,800 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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 2017: AED 360,000 (AED 925 per sqft)

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

Rents
Unit 502, 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, November 2019: AED 25,000 a yearNew contract, August 2020: AED 16,000 a yearNew contract, September 2021: AED 17,000 a yearRenewal, September 2022: AED 19,000 a yearNew contract, November 2023: AED 30,000 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 502 sits

All 60 studios →

502 last sold in September 2017 at AED 925 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 919). 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. 502's AED 30,000 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 5th floor

All 129 units in MAG 555
Value
5011-bedAED 533K · Dec 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

502, MAG 555 in numbers

  • Sold once: by MAG on 17 September 2017 for AED 360,000, or AED 925 per sqft.
  • Rented since November 2019 on 5 Ejari contracts. The rent fell from AED 25,000 to AED 16,000 in 2020 and recovered to AED 30,000 by November 2023.
  • At AED 30,000 a year the gross yield on the 2017 price is 8.3%, 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 1 November 2023.

Questions about 502, MAG 555

What did unit 502 last sell for?

AED 360,000 on 17 September 2017, sold by the developer: AED 925 per sqft for 389 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 30,000 a year on the contract signed on 1 November 2023. The previous contract, from September 2022, was AED 19,000; the unit has been rented since November 2019.

How big is unit 502?

389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 502 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 502, MAG 555

Starts from the last sale price (AED 360K, 17 September 2017). 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 →