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1-bed · 638 sqftMAG 555, Dubai South · 5th floor · completed 2020

514, MAG 555

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

Unit 514 · DLD and Ejari recordsUpdated 25 April 2025
Last soldAED 535K16 December 2019
Current rentAED 55K /yr25 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 514, MAG 555

What is 514 worth today?

Last sold for AED 535,000 in 2019

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25 Apr 2025RentedNew contract
AED 55,000/yr12 months · AED 87 per sqft
25 Apr 2025RentedNew contract
AED 55,000/yr12 months · AED 87 per sqft
2 Jul 2023RentedRenewal
AED 29,000/yr12 months · AED 46 per sqft
2 Jul 2022RentedRenewal
AED 25,000/yr12 months · AED 39 per sqft
2 Jul 2021RentedRenewal
AED 25,000/yr12 months · AED 39 per sqft
1 Jul 2020RentedNew contract
AED 24,933/yr12 months · AED 39 per sqft
9 Jan 2020RentedNew contract
AED 25,000/yr12 months · AED 39 per sqft
16 Dec 2019Sold by developerReady
AED 535,000AED 839 per sqft

Source: Dubai Land Department. Updated 25 April 2025.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
5th of 6
Parking
G-102
Developer
MAG
Completed
2020
Service charge
AED 9,500 /yr
Last sold
AED 535K · December 2019
Building
MAG 555

About 514, MAG 555

514 is a one-bedroom apartment of 638 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 16 December 2019 for AED 535,000, or AED 839 per sqft, 5% above the AED 799 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 25 April 2025, is AED 55,000 a year: a gross yield of 10.3% on the 2019 price, before the service charge of about AED 9,500 a year.

Sales and rents for 514 over time

Sales
Unit 514, 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 2019: AED 535,000 (AED 839 per sqft)

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

Rents
Unit 514, each contractTypical one-bed in MAG 555
20K40K60K20192021202320252027Typical 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, January 2020: AED 25,000 a yearNew contract, July 2020: AED 24,933 a yearRenewal, July 2021: AED 25,000 a yearRenewal, July 2022: AED 25,000 a yearRenewal, July 2023: AED 29,000 a yearNew contract, April 2025: AED 55,000 a yearNew contract, April 2025: AED 55,000 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 514 sits

All 57 1-beds →

514 last sold in December 2019 at AED 839 per sqft, 5% above what one-beds in MAG 555 were fetching at the time (AED 799). 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. 514's AED 55,000 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
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

514, MAG 555 in numbers

  • Sold once: by MAG on 16 December 2019 for AED 535,000, or AED 839 per sqft.
  • Rented since January 2020 on 7 Ejari contracts, from AED 25,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2019 price is 10.3%, before a service charge of about AED 9,500 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 25 April 2025.

Questions about 514, MAG 555

What did unit 514 last sell for?

AED 535,000 on 16 December 2019, sold by the developer: AED 839 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 514?

AED 55,000 a year on the contract signed on 25 April 2025. The previous contract, from April 2025, was AED 55,000; the unit has been rented since January 2020.

How big is unit 514?

638 sqft (59.3 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 514 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 514, MAG 555

Starts from the last sale price (AED 535K, 16 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 535,000
Deposit, UAE resident (20%)
AED 107,000
Deposit, non-resident (40%)
AED 214,000
Monthly over 25 years at 3.7%
AED 2,189

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