616, MAG 555
Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, MAG 555
What is 616 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 26 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 6th of 6
- Parking
- G-126
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,100 /yr
- Last sold
- AED 300K · May 2023
- Building
- MAG 555
About 616, MAG 555
616 is a studio of 410 sqft on the 6th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 19 May 2023 for AED 300,000, or AED 731 per sqft, in line with the AED 731 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 26 April 2026, is AED 41,000 a year: a gross yield of 13.7% on the 2023 price, before the service charge of about AED 6,100 a year.
Sales and rents for 616 over time
616 has sold twice; the dashed line is the studio median of each year in the building.
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 616 sits
All 60 studios →616 last sold in May 2023 at AED 731 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 731). 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. 616's AED 41,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Aug 20264 August 2026 | 347 sqft | 445,000 | 1,281 | ||
| 4 Jun 20264 June 2026 | 360 sqft | 467,000 | 1,297 | ||
| 16 Feb 202616 February 2026 | 347 sqft | 540,000 | 1,554 | ||
| 30 Jan 202630 January 2026 | 365 sqft | 480,000 | 1,315 |
MAG 555
Building129 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%
Other units on the 6th floor
All 129 units in MAG 555| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 629 sqft | AED 682KAED 682,000 · Aug 2026August 2026 | 28,000 /yr | |
| 602 | Studio | 389 sqft | AED 330KAED 330,471 · Nov 2017November 2017 | 35,000 /yr | |
| 603 | Studio | 365 sqft | AED 336KAED 336,296 · Oct 2017October 2017 | 35,000 /yr | |
| 604 | 1-bed | 478 sqft | AED 406KAED 405,586 · Nov 2017November 2017 | ||
| 605 | 2-bed | 666 sqft | AED 600KAED 600,000 · Oct 2019October 2019 | 30,000 /yr | |
| 606 | 1-bed | 241 sqft | AED 223KAED 222,663 · Apr 2024April 2024 | 37,000 /yr | |
| 607 | Studio | 389 sqft | AED 272KAED 272,462 · Dec 2022December 2022 | 27,600 /yr | |
| 608 | Studio | 349 sqft | AED 318KAED 317,646 · Aug 2017August 2017 | 45,000 /yr | |
| 609 | 1-bed | 478 sqft | AED 570KAED 570,000 · Feb 2025February 2025 | 45,000 /yr | |
| 610 | 2-bed | 665 sqft | AED 497KAED 497,000 · Nov 2019November 2019 | 63,000 /yr | |
| 611 | 1-bed | 483 sqft | AED 425KAED 425,000 · Jun 2024June 2024 | 50,000 /yr | |
| 613 | 1-bed | 623 sqft | AED 510KAED 510,253 · May 2018May 2018 | 32,000 /yr | |
| 614 | 1-bed | 319 sqft | AED 480KAED 480,000 · Jun 2019June 2019 | 47,000 /yr | |
| 615 | Studio | 410 sqft | AED 400KAED 400,000 · May 2024May 2024 | 37,000 /yr | |
| 617 | Studio | 437 sqft | AED 397KAED 397,000 · May 2019May 2019 | 40,000 /yr | |
| 618 | Studio | 437 sqft | AED 400KAED 400,000 · Jul 2019July 2019 | 26,450 /yr | |
| 619 | 1-bed | 514 sqft | AED 485KAED 485,000 · Mar 2019March 2019 | 46,000 /yr | |
| 620 | 1-bed | 514 sqft | AED 365KAED 365,000 · Feb 2022February 2022 | 26,000 /yr | |
| 621 | Studio | 360 sqft | AED 328KAED 327,500 · Aug 2018August 2018 | 45,000 /yr | |
| 622 | Studio | 360 sqft | AED 328KAED 328,000 · May 2019May 2019 | 35,000 /yr |
616, MAG 555 in numbers
- Sold twice: first on 15 February 2018 for AED 375,000, last on 19 May 2023 for AED 300,000 (AED 731 per sqft).
- Rented since December 2019 on 7 Ejari contracts. The rent fell from AED 25,000 to AED 20,000 in 2020 and recovered to AED 41,000 by April 2026.
- At AED 41,000 a year the gross yield on the 2023 price is 13.7%, 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 26 April 2026.
Questions about 616, MAG 555
What did unit 616 last sell for?
AED 300,000 on 19 May 2023: AED 731 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 375,000 in February 2018.
What is the rent for unit 616?
AED 41,000 a year on the contract renewed on 26 April 2026. The previous contract, from April 2025, was AED 41,000; the unit has been rented since December 2019.
How big is unit 616?
410 sqft (38.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 616 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 616? 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.
Mortgage on 616, MAG 555
Starts from the last sale price (AED 300K, 19 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 300,000
- Deposit, UAE resident (20%)
- AED 60,000
- Deposit, non-resident (40%)
- AED 120,000
- Monthly over 25 years at 3.7%
- AED 1,227
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →