Home
Dubai prices
About
Research
Studio · 437 sqftMAG 555, Dubai South · 6th floor · completed 2020

618, MAG 555

Sold prices and rental history: sold once, by the developer in July 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 618 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 400K30 July 2019
Current rentAED 26K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 618

Property timeline for 618, MAG 555

What is 618 worth today?

Last sold for AED 400,000 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 Jun 2024RentedRenewal
AED 26,450/yr12 months · AED 61 per sqft
1 Jun 2023RentedNew contract
AED 23,000/yr12 months · AED 53 per sqft
1 Jun 2022RentedNew contract
AED 22,000/yr12 months · AED 50 per sqft
5 Nov 2021RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
16 May 2020RentedNew contract
AED 22,000/yr12 months · AED 50 per sqft
30 Jul 2019Sold by developerOff-plan
AED 400,000AED 915 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
6th of 6
Parking
G-128
Developer
MAG
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 400K · July 2019
Building
MAG 555

About 618, MAG 555

618 is a studio of 437 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 30 July 2019 for AED 400,000, or AED 915 per sqft, in line with the AED 915 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 26,450 a year: a gross yield of 6.6% on the 2019 price, before the service charge of about AED 6,500 a year.

Sales and rents for 618 over time

Sales
Unit 618, 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, July 2019: AED 400,000 (AED 915 per sqft)

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

Rents
Unit 618, 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, May 2020: AED 22,000 a yearNew contract, November 2021: AED 20,000 a yearNew contract, June 2022: AED 22,000 a yearNew contract, June 2023: AED 23,000 a yearRenewal, June 2024: AED 26,450 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 618 sits

All 60 studios →

618 last sold in July 2019 at AED 915 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. 618's AED 26,450 is at the bottom 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
602StudioAED 330K · Nov 2017
603StudioAED 336K · Oct 2017
6041-bedAED 406K · Nov 2017
6052-bedAED 600K · Oct 2019
6061-bedAED 223K · Apr 2024
607StudioAED 272K · Dec 2022
1–7 of 20

618, MAG 555 in numbers

  • Sold once: by MAG on 30 July 2019 for AED 400,000, or AED 915 per sqft.
  • Rented since May 2020 on 5 Ejari contracts, from AED 22,000 to AED 26,450 a year.
  • At AED 26,450 a year the gross yield on the 2019 price is 6.6%, 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 June 2024.

Questions about 618, MAG 555

What did unit 618 last sell for?

AED 400,000 on 30 July 2019, sold by the developer: AED 915 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 618?

AED 26,450 a year on the contract renewed on 1 June 2024. The previous contract, from June 2023, was AED 23,000; the unit has been rented since May 2020.

How big is unit 618?

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

What is unit 618 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 618? 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 618, MAG 555

Starts from the last sale price (AED 400K, 30 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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