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Studio · 389 sqftMAG 555, Dubai South · 6th floor · completed 2020

602, MAG 555

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

Unit 602 · DLD and Ejari recordsUpdated 1 June 2026
Last soldAED 330K19 November 2017
Current rentAED 35K /yr1 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, MAG 555

What is 602 worth today?

Last sold for AED 330,471 in 2017

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1 Jun 2026RentedRenewal
AED 35,000/yr12 months · AED 90 per sqft
1 Jun 2025RentedRenewal
AED 35,000/yr12 months · AED 90 per sqft
1 Jun 2024RentedNew contract
AED 35,000/yr12 months · AED 90 per sqft
1 Apr 2023RentedRenewal
AED 22,000/yr12 months · AED 57 per sqft
1 Apr 2022RentedRenewal
AED 20,000/yr12 months · AED 52 per sqft
1 Apr 2021RentedNew contract
AED 20,000/yr12 months · AED 52 per sqft
25 Mar 2020RentedNew contract
AED 20,000/yr12 months · AED 52 per sqft
19 Nov 2017Sold by developerOff-plan
AED 330,471AED 849 per sqft

Source: Dubai Land Department. Updated 1 June 2026.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
6th of 6
Parking
G-112
Developer
MAG
Completed
2020
Service charge
AED 5,800 /yr
Last sold
AED 330K · November 2017
Building
MAG 555

About 602, MAG 555

602 is a studio of 389 sqft on the 6th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 November 2017 for AED 330,471, or AED 849 per sqft, 7% below the AED 917 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 35,000 a year: a gross yield of 10.6% on the 2017 price, before the service charge of about AED 5,800 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, November 2017: AED 330,471 (AED 849 per sqft)

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

Rents
Unit 602, 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, March 2020: AED 20,000 a yearNew contract, April 2021: AED 20,000 a yearRenewal, April 2022: AED 20,000 a yearRenewal, April 2023: AED 22,000 a yearNew contract, June 2024: AED 35,000 a yearRenewal, June 2025: AED 35,000 a yearRenewal, June 2026: AED 35,000 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 602 sits

All 60 studios →

602 last sold in November 2017 at AED 849 per sqft, 7% below 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. 602's AED 35,000 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 6th floor

All 129 units in MAG 555
Value
6011-bedAED 682K · Aug 2026
603StudioAED 336K · Oct 2017
6041-bedAED 406K · Nov 2017
6052-bedAED 600K · Oct 2019
6061-bedAED 223K · Apr 2024
607StudioAED 272K · Dec 2022
608StudioAED 318K · Aug 2017
1–7 of 20

602, MAG 555 in numbers

  • Sold once: by MAG on 19 November 2017 for AED 330,471, or AED 849 per sqft.
  • Rented since March 2020 on 7 Ejari contracts, from AED 20,000 to AED 35,000 a year.
  • At AED 35,000 a year the gross yield on the 2017 price is 10.6%, 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 1 June 2026.

Questions about 602, MAG 555

What did unit 602 last sell for?

AED 330,471 on 19 November 2017, sold by the developer: AED 849 per sqft for 389 sqft. It is the only registered sale of the unit.

What is the rent for unit 602?

AED 35,000 a year on the contract renewed on 1 June 2026. The previous contract, from June 2025, was AED 35,000; the unit has been rented since March 2020.

How big is unit 602?

389 sqft (36.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 602 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 602, MAG 555

Starts from the last sale price (AED 330K, 19 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 330,471
Deposit, UAE resident (20%)
AED 66,094
Deposit, non-resident (40%)
AED 132,188
Monthly over 25 years at 3.7%
AED 1,352

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