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2-bed · 666 sqftMAG 555, Dubai South · 6th floor · completed 2020

605, MAG 555

Sold prices and rental history: sold once, by the developer in October 2019, and rented once, from February 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 10 February 2022
Last soldAED 600K1 October 2019
Current rentAED 30K /yr10 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 605, MAG 555

What is 605 worth today?

Last sold for AED 600,000 in 2019

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10 Feb 2022RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
1 Oct 2019Sold by developerOff-plan
AED 600,000AED 900 per sqft

Source: Dubai Land Department. Updated 10 February 2022.

Key facts

Type
2-bed apartment
Size
666 sqft
Floor
6th of 6
Parking
G-115
Developer
MAG
Completed
2020
Service charge
AED 10,000 /yr
Last sold
AED 600K · October 2019
Building
MAG 555

About 605, MAG 555

605 is a two-bedroom apartment of 666 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 1 October 2019 for AED 600,000, or AED 900 per sqft.

One Ejari contract is registered, from 10 February 2022. The current contract, signed on 10 February 2022, is AED 30,000 a year: a gross yield of 5.0% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for 605 over time

Sales
Unit 605, each saleTypical two-bed in MAG 555
580K600K2017201820192020Typical sale price by year: 2017 AED 577,500; 2018 AED 580,000; 2019 AED 594,950Sold by developer, October 2019: AED 600,000 (AED 900 per sqft)

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

Rents
Unit 605, each contractTypical two-bed in MAG 555
40K60K2020202220242026Typical rent by year: 2020 AED 32,000; 2021 AED 30,000; 2022 AED 33,500; 2023 AED 48,000; 2024 AED 60,000; 2025 AED 62,000; 2026 AED 64,000New contract, February 2022: AED 30,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 555, and where 605 sits

All 12 2-beds →

605's AED 30,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Jul 2023555,000
28 Dec 2022413,460
15 Jul 2021469,388
7 Nov 2019497,000
0 2-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 6th floor

All 129 units in MAG 555
Value
6011-bedAED 682K · Aug 2026
602StudioAED 330K · Nov 2017
603StudioAED 336K · Oct 2017
6041-bedAED 406K · Nov 2017
6061-bedAED 223K · Apr 2024
607StudioAED 272K · Dec 2022
608StudioAED 318K · Aug 2017
1–7 of 20

605, MAG 555 in numbers

  • Sold once: by MAG on 1 October 2019 for AED 600,000, or AED 900 per sqft.
  • Rented since February 2022 on one Ejari contract, at AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2019 price is 5.0%, before a service charge of about AED 10,000 a year (AED 14.96 per sqft).

Source: Dubai Land Department. Updated 10 February 2022.

Questions about 605, MAG 555

What did unit 605 last sell for?

AED 600,000 on 1 October 2019, sold by the developer: AED 900 per sqft for 666 sqft. It is the only registered sale of the unit.

What is the rent for unit 605?

AED 30,000 a year on the contract signed on 10 February 2022.

How big is unit 605?

666 sqft (61.9 sqm): a two-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 605 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 605, MAG 555

Starts from the last sale price (AED 600K, 1 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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