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Studio · 349 sqftMAG 555, Dubai South · 5th floor · completed 2020

508, MAG 555

Sold prices and rental history: sold twice, last in April 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 25 December 2025
Last soldAED 450K3 April 2025
Current rentAED 36K /yr25 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, MAG 555

What is 508 worth today?

Last sold for AED 450,000 in 2025

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25 Dec 2025RentedRenewal
AED 36,000/yr12 months · AED 103 per sqft
3 Apr 2025SoldReady
AED 450,000AED 1,289 per sqft
26 Dec 2023RentedNew contract
AED 30,000/yr12 months · AED 86 per sqft
7 Jan 2023RentedNew contract
AED 22,000/yr12 months · AED 64 per sqft
15 Dec 2021RentedNew contract
AED 20,000/yr12 months · AED 58 per sqft
15 Feb 2018Sold by developerOff-plan
AED 325,000AED 931 per sqft

Source: Dubai Land Department. Updated 25 December 2025.

Key facts

Type
Studio apartment
Size
349 sqft
Floor
5th of 6
Parking
G-96
Developer
MAG
Completed
2020
Service charge
AED 5,200 /yr
Last sold
AED 450K · April 2025
Building
MAG 555

About 508, MAG 555

508 is a studio of 349 sqft on the 5th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 3 April 2025 for AED 450,000, or AED 1,289 per sqft, 30% above the AED 992 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 25 December 2025, is AED 36,000 a year: a gross yield of 8.0% on the 2025 price, before the service charge of about AED 5,200 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, February 2018: AED 325,000 (AED 931 per sqft)Sold, April 2025: AED 450,000 (AED 1,289 per sqft)

508 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 508, each contractTypical studio in MAG 555
20K30K40K20192021202320252027Typical 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, December 2021: AED 20,000 a yearNew contract, January 2023: AED 22,000 a yearNew contract, December 2023: AED 30,000 a yearRenewal, December 2025: AED 36,000 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 508 sits

All 60 studios →

508 last sold in April 2025 at AED 1,289 per sqft, 30% above what studios in MAG 555 were fetching at the time (AED 992). 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. 508's AED 36,000 is in the lower half 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
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
1–7 of 21

508, MAG 555 in numbers

  • Sold twice: first on 15 February 2018 for AED 325,000, last on 3 April 2025 for AED 450,000 (AED 1,289 per sqft).
  • Rented since December 2021 on 4 Ejari contracts, from AED 20,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2025 price is 8.0%, before a service charge of about AED 5,200 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 25 December 2025.

Questions about 508, MAG 555

What did unit 508 last sell for?

AED 450,000 on 3 April 2025: AED 1,289 per sqft for 349 sqft. The unit has 2 registered sales; the first was AED 325,000 in February 2018.

What is the rent for unit 508?

AED 36,000 a year on the contract renewed on 25 December 2025. The previous contract, from December 2023, was AED 30,000; the unit has been rented since December 2021.

How big is unit 508?

349 sqft (32.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 508 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 508, MAG 555

Starts from the last sale price (AED 450K, 3 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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