Home
Dubai prices
About
Research
Studio · 437 sqftMAG 555, Dubai South · 5th floor · completed 2020

518, MAG 555

Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 518 · DLD and Ejari recordsUpdated 1 February 2026
Last soldAED 402K5 September 2019
Current rentAED 44K /yr1 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 518

Property timeline for 518, MAG 555

What is 518 worth today?

Last sold for AED 402,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Feb 2026RentedRenewal
AED 43,500/yr12 months · AED 99 per sqft
1 Feb 2026RentedRenewal
AED 31,500/yr12 months · AED 71 per sqft
1 Feb 2025RentedRenewal
AED 30,000/yr12 months · AED 68 per sqft
1 Feb 2024RentedRenewal
AED 30,000/yr12 months · AED 68 per sqft
1 Feb 2023RentedRenewal
AED 18,000/yr12 months · AED 41 per sqft
1 Feb 2022RentedRenewal
AED 18,000/yr12 months · AED 41 per sqft
1 Feb 2021RentedNew contract
AED 18,000/yr12 months · AED 41 per sqft
5 Sep 2019Sold by developerOff-plan
AED 402,000AED 920 per sqft

Source: Dubai Land Department. Updated 1 February 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
5th of 6
Parking
G-106
Developer
MAG
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 402K · September 2019
Building
MAG 555

About 518, MAG 555

518 is a studio of 437 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 5 September 2019 for AED 402,000, or AED 920 per sqft, in line with the AED 915 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 1 February 2026, is AED 43,500 a year: a gross yield of 10.8% on the 2019 price, before the service charge of about AED 6,500 a year.

Sales and rents for 518 over time

Sales
Unit 518, 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 2019: AED 402,000 (AED 920 per sqft)

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

Rents
Unit 518, 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, February 2021: AED 18,000 a yearRenewal, February 2022: AED 18,000 a yearRenewal, February 2023: AED 18,000 a yearRenewal, February 2024: AED 30,000 a yearRenewal, February 2025: AED 30,000 a yearRenewal, February 2026: AED 43,500 a yearRenewal, February 2026: AED 31,500 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 518 sits

All 60 studios →

518 last sold in September 2019 at AED 920 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 915). 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. 518's AED 43,500 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

518, MAG 555 in numbers

  • Sold once: by MAG on 5 September 2019 for AED 402,000, or AED 920 per sqft.
  • Rented since February 2021 on 7 Ejari contracts, from AED 18,000 to AED 43,500 a year.
  • At AED 43,500 a year the gross yield on the 2019 price is 10.8%, before a service charge of about AED 6,500 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 February 2026.

Questions about 518, MAG 555

What did unit 518 last sell for?

AED 402,000 on 5 September 2019, sold by the developer: AED 920 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 518?

AED 43,500 a year on the contract renewed on 1 February 2026. The previous contract, from February 2026, was AED 31,500; the unit has been rented since February 2021.

How big is unit 518?

437 sqft (40.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 518 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 518? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 518, MAG 555

Starts from the last sale price (AED 402K, 5 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 402,000
Deposit, UAE resident (20%)
AED 80,400
Deposit, non-resident (40%)
AED 160,800
Monthly over 25 years at 3.7%
AED 1,645

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