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Studio · 410 sqftMAG 555, Dubai South · 5th floor · completed 2020

516, MAG 555

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 20 December 2025
Last soldAED 380K10 December 2017
Current rentAED 40K /yr20 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, MAG 555

What is 516 worth today?

Last sold for AED 380,000 in 2017

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20 Dec 2025RentedRenewal
AED 40,000/yr12 months · AED 98 per sqft
10 Sep 2022RentedRenewal
AED 20,000/yr12 months · AED 49 per sqft
10 Sep 2021RentedNew contract
AED 20,000/yr12 months · AED 49 per sqft
15 Aug 2020RentedNew contract
AED 19,000/yr12 months · AED 46 per sqft
10 Dec 2017Sold by developerOff-plan
AED 380,000AED 926 per sqft

Source: Dubai Land Department. Updated 20 December 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
5th of 6
Parking
G-104
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 380K · December 2017
Building
MAG 555

About 516, MAG 555

516 is a studio of 410 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 10 December 2017 for AED 380,000, or AED 926 per sqft, in line with the AED 917 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 20 December 2025, is AED 40,000 a year: a gross yield of 10.5% on the 2017 price, before the service charge of about AED 6,100 a year.

Sales and rents for 516 over time

Sales
Unit 516, 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, December 2017: AED 380,000 (AED 926 per sqft)

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

Rents
Unit 516, 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, August 2020: AED 19,000 a yearNew contract, September 2021: AED 20,000 a yearRenewal, September 2022: AED 20,000 a yearRenewal, December 2025: AED 40,000 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 516 sits

All 60 studios →

516 last sold in December 2017 at AED 926 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 917). 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. 516's AED 40,000 is in the upper 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

516, MAG 555 in numbers

  • Sold once: by MAG on 10 December 2017 for AED 380,000, or AED 926 per sqft.
  • Rented since August 2020 on 4 Ejari contracts, from AED 19,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 10.5%, before a service charge of about AED 6,100 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 20 December 2025.

Questions about 516, MAG 555

What did unit 516 last sell for?

AED 380,000 on 10 December 2017, sold by the developer: AED 926 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 516?

AED 40,000 a year on the contract renewed on 20 December 2025. The previous contract, from September 2022, was AED 20,000; the unit has been rented since August 2020.

How big is unit 516?

410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 516 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 516, MAG 555

Starts from the last sale price (AED 380K, 10 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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