103, MAG 550
Sold prices and rental history: sold once, by the developer in December 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 103, MAG 550
What is 103 worth today?
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Source: Dubai Land Department. Updated 21 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 1st of 6
- Parking
- G-03
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 381K · December 2016
- Building
- MAG 550
About 103, MAG 550
103 is a studio of 476 sqft on the 1st floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 December 2016 for AED 380,555, or AED 799 per sqft, in line with the AED 814 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 21 April 2025, is AED 24,150 a year: a gross yield of 6.3% on the 2016 price, before the service charge of about AED 7,900 a year.
Sales and rents for 103 over time
103 has sold once; 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 550, and where 103 sits
All 11 studios →103 last sold in December 2016 at AED 799 per sqft, in line with what studios in MAG 550 were fetching at the time (AED 814).
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 31 Oct 202531 October 2025 | 476 sqft | 525,000 | 1,102 | ||
| 4 Jun 20254 June 2025 | 476 sqft | 400,000 | 839 | ||
| 21 Feb 202521 February 2025 | 473 sqft | 465,000 | 982 | ||
| 3 Jun 20243 June 2024 | 476 sqft | 415,000 | 871 |
MAG 550
Building86 apartments, studios to 3-bed over 6 floors in Dubai South, completed in 2020 by MAG. 3 sold in the last 12 months.
- Typical price per sqft
- AED 1,124
- Typical sale
- AED 990K
- Typical rent
- AED 55K /yr
- Typical yield
- 7.1%
Other units on the 1st floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 1,040 sqft | No registered sale | 100,000 /yr | |
| 102 | 1-bed | 666 sqft | AED 545KAED 545,000 · Jul 2024July 2024 | 52,000 /yr | |
| 104 | 1-bed | 642 sqft | AED 556KAED 556,475 · Jul 2016July 2016 | 36,750 /yr | |
| 105 | 2-bed | 1,005 sqft | AED 716KAED 715,920 · Jun 2023June 2023 | 65,000 /yr | |
| 106 | 1-bed | 655 sqft | AED 521KAED 520,555 · Aug 2016August 2016 | 40,500 /yr | |
| 107 | Studio | 473 sqft | AED 386KAED 385,555 · Jul 2016July 2016 | 38,000 /yr | |
| 108 | 1-bed | 642 sqft | AED 550KAED 550,000 · May 2024May 2024 | 50,000 /yr | |
| 109 | 1-bed | 638 sqft | AED 520KAED 520,000 · Jun 2024June 2024 | 53,000 /yr | |
| 110 | 1-bed | 638 sqft | AED 529KAED 529,000 · Oct 2018October 2018 | 50,000 /yr | |
| 111 | 1-bed | 634 sqft | AED 539KAED 538,690 · May 2018May 2018 | 52,000 /yr | |
| 112 | 1-bed | 635 sqft | AED 528KAED 528,000 · Apr 2018April 2018 | 55,000 /yr | |
| 113 | 2-bed | 965 sqft | No registered sale | 75,000 /yr | |
| 114 | 2-bed | 965 sqft | AED 905KAED 905,000 · Jun 2024June 2024 | 70,000 /yr |
103, MAG 550 in numbers
- Sold once: by MAG on 26 December 2016 for AED 380,555, or AED 799 per sqft.
- Rented since April 2020 on 4 Ejari contracts, from AED 20,000 to AED 24,150 a year.
- At AED 24,150 a year the gross yield on the 2016 price is 6.3%, before a service charge of about AED 7,900 a year (AED 16.63 per sqft).
Source: Dubai Land Department. Updated 21 April 2025.
Questions about 103, MAG 550
What did unit 103 last sell for?
AED 380,555 on 26 December 2016, sold by the developer: AED 799 per sqft for 476 sqft. It is the only registered sale of the unit.
What is the rent for unit 103?
AED 24,150 a year on the contract signed on 21 April 2025. The previous contract, from April 2022, was AED 19,000; the unit has been rented since April 2020.
How big is unit 103?
476 sqft (44.2 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 103 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 103, MAG 550
Starts from the last sale price (AED 381K, 26 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 380,555
- Deposit, UAE resident (20%)
- AED 76,111
- Deposit, non-resident (40%)
- AED 152,222
- Monthly over 25 years at 3.7%
- AED 1,557
Plus AED 18,893 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →