507, MAG 555
Sold prices and rental history: sold once, by the developer in September 2017, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, MAG 555
What is 507 worth today?
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Source: Dubai Land Department. Updated 5 January 2021.
Key facts
- Type
- Studio apartment
- Size
- 389 sqft
- Floor
- 5th of 6
- Parking
- G-95
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 5,800 /yr
- Last sold
- AED 360K · September 2017
- Building
- MAG 555
About 507, MAG 555
507 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 since 2019 on 2 Ejari contracts. The current contract, signed on 5 January 2021, is AED 18,000 a year: a gross yield of 5.0% on the 2017 price, before the service charge of about AED 5,800 a year.
Sales and rents for 507 over time
507 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 507 sits
All 60 studios →507 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. 507's AED 18,000 is at the bottom 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 5th floor
All 129 units in MAG 555| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 533KAED 533,000 · Dec 2017December 2017 | 50,000 /yr | |
| 502 | Studio | 389 sqft | AED 360KAED 360,000 · Sep 2017September 2017 | 30,000 /yr | |
| 503 | Studio | 365 sqft | AED 336KAED 336,296 · Jul 2019July 2019 | 38,000 /yr | |
| 504 | 1-bed | 478 sqft | AED 440KAED 440,000 · Nov 2019November 2019 | 50,000 /yr | |
| 505 | 2-bed | 666 sqft | AED 500KAED 500,000 · Jul 2017July 2017 | 51,282 /yr | |
| 506 | 1-bed | 483 sqft | AED 600KAED 600,000 · Jul 2025July 2025 | 50,000 /yr | |
| 508 | Studio | 349 sqft | AED 450KAED 450,000 · Apr 2025April 2025 | 36,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 444KAED 443,758 · Jul 2017July 2017 | 39,690 /yr | |
| 510 | 2-bed | 665 sqft | AED 580KAED 580,000 · Aug 2018August 2018 | ||
| 511 | 1-bed | 483 sqft | AED 440KAED 439,517 · Aug 2017August 2017 | 50,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 490KAED 490,000 · Jul 2019July 2019 | ||
| 513 | 1-bed | 623 sqft | AED 640KAED 640,000 · Jul 2025July 2025 | 52,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 535KAED 535,000 · Dec 2019December 2019 | 55,000 /yr | |
| 515 | Studio | 410 sqft | AED 375KAED 375,000 · Sep 2017September 2017 | ||
| 516 | Studio | 410 sqft | AED 380KAED 380,000 · Dec 2017December 2017 | 40,000 /yr | |
| 517 | Studio | 437 sqft | AED 395KAED 395,000 · Aug 2017August 2017 | 44,000 /yr | |
| 518 | Studio | 437 sqft | AED 402KAED 402,000 · Sep 2019September 2019 | 31,500 /yr | |
| 519 | 1-bed | 514 sqft | AED 458KAED 458,000 · Mar 2018March 2018 | 53,000 /yr | |
| 520 | 1-bed | 514 sqft | AED 473KAED 472,558 · Feb 2018February 2018 | ||
| 521 | Studio | 360 sqft | AED 250KAED 250,000 · Apr 2020April 2020 | ||
| 522 | Studio | 360 sqft | AED 255KAED 255,000 · Mar 2020March 2020 | 36,000 /yr |
507, 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 2 Ejari contracts, from AED 27,600 to AED 18,000 a year.
- At AED 18,000 a year the gross yield on the 2017 price is 5.0%, 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 5 January 2021.
Questions about 507, MAG 555
What did unit 507 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 507?
AED 18,000 a year on the contract signed on 5 January 2021. The previous contract, from November 2019, was AED 27,600.
How big is unit 507?
389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 507 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.
Selling 507? Put it on the OpenOffers board
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Mortgage on 507, 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 →