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1-bed · 514 sqftMAG 555, Dubai South · 6th floor · completed 2020

620, MAG 555

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

Unit 620 · DLD and Ejari recordsUpdated 20 March 2022
Last soldAED 365K8 February 2022
Current rentAED 26K /yr20 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 620, MAG 555

What is 620 worth today?

Last sold for AED 365,000 in 2022

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20 Mar 2022RentedNew contract
AED 26,000/yr12 months · AED 50 per sqft
8 Feb 2022Sold by developerReady
AED 365,000AED 710 per sqft

Source: Dubai Land Department. Updated 20 March 2022.

Key facts

Type
1-bed apartment
Size
514 sqft
Floor
6th of 6
Parking
G-130
Developer
MAG
Completed
2020
Service charge
AED 7,700 /yr
Last sold
AED 365K · February 2022
Building
MAG 555

About 620, MAG 555

620 is a one-bedroom apartment of 514 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 8 February 2022 for AED 365,000, or AED 710 per sqft, in line with the AED 698 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 March 2022. The current contract, signed on 20 March 2022, is AED 26,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 7,700 a year.

Sales and rents for 620 over time

Sales
Unit 620, each saleTypical one-bed in MAG 555
400K600K2017202020232026Typical sale price by year: 2017 AED 447,746; 2018 AED 458,000; 2019 AED 488,223; 2020 AED 450,000; 2022 AED 365,000; 2023 AED 450,017; 2024 AED 450,000; 2025 AED 625,000; 2026 AED 600,000Sold by developer, February 2022: AED 365,000 (AED 710 per sqft)

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

Rents
Unit 620, each contractTypical one-bed in MAG 555
20K40K20192021202320252027Typical rent by year: 2019 AED 24,500; 2020 AED 24,000; 2021 AED 24,000; 2022 AED 25,500; 2023 AED 31,000; 2024 AED 40,000; 2025 AED 46,500; 2026 AED 48,000New contract, March 2022: AED 26,000 a year

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

1-beds in MAG 555, and where 620 sits

All 57 1-beds →

620 last sold in February 2022 at AED 710 per sqft, in line with what one-beds in MAG 555 were fetching at the time (AED 698). Over the last 12 months one-beds sold for AED 590,000 to 682,000, around AED 1,233 per sqft, and rent for AED 12,000 to 60,000 a year. 620's AED 26,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 2026590,000
22 Oct 2026590,000
4 Sep 2026600,000
18 Aug 2026682,000
9 1-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
6052-bedAED 600K · Oct 2019
6061-bedAED 223K · Apr 2024
607StudioAED 272K · Dec 2022
1–7 of 20

620, MAG 555 in numbers

  • Sold once: by MAG on 8 February 2022 for AED 365,000, or AED 710 per sqft.
  • Rented since March 2022 on one Ejari contract, at AED 26,000 a year.
  • At AED 26,000 a year the gross yield on the 2022 price is 7.1%, before a service charge of about AED 7,700 a year (AED 14.96 per sqft).
  • One-beds in MAG 555 sold for AED 590,000–682,000 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 20 March 2022.

Questions about 620, MAG 555

What did unit 620 last sell for?

AED 365,000 on 8 February 2022, sold by the developer: AED 710 per sqft for 514 sqft. It is the only registered sale of the unit.

What is the rent for unit 620?

AED 26,000 a year on the contract signed on 20 March 2022.

How big is unit 620?

514 sqft (47.8 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 620 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 555 sold for AED 590,000 to 682,000 in the last 12 months, around AED 1,233 per sqft.

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Mortgage on 620, MAG 555

Starts from the last sale price (AED 365K, 8 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 365,000
Deposit, UAE resident (20%)
AED 73,000
Deposit, non-resident (40%)
AED 146,000
Monthly over 25 years at 3.7%
AED 1,493

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