203, MAG 550
Sold prices and rental history: sold twice, last in June 2024, 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 203, MAG 550
What is 203 worth today?
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Source: Dubai Land Department. Updated 3 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 2nd of 6
- Parking
- G-17
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 415K · June 2024
- Building
- MAG 550
About 203, MAG 550
203 is a studio of 476 sqft on the 2nd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 3 June 2024 for AED 415,000, or AED 871 per sqft, 6% above the AED 823 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 10 April 2023, is AED 21,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 7,900 a year.
Sales and rents for 203 over time
203 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 550, and where 203 sits
All 11 studios →203 last sold in June 2024 at AED 871 per sqft, 6% above what studios in MAG 550 were fetching at the time (AED 823).
| 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 | ||
| 10 May 202410 May 2024 | 473 sqft | 390,000 | 823 |
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 2nd floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 2-bed | 1,040 sqft | AED 700KAED 700,000 · Feb 2020February 2020 | 63,000 /yr | |
| 202 | 1-bed | 666 sqft | AED 460KAED 460,000 · Jan 2024January 2024 | ||
| 204 | 1-bed | 642 sqft | AED 440KAED 440,000 · Oct 2023October 2023 | 28,000 /yr | |
| 205 | 2-bed | 1,005 sqft | AED 990KAED 990,000 · Dec 2025December 2025 | 80,000 /yr | |
| 206 | 1-bed | 655 sqft | AED 536KAED 535,555 · May 2016May 2016 | 60,000 /yr | |
| 207 | Studio | 473 sqft | AED 390KAED 390,000 · May 2024May 2024 | 46,000 /yr | |
| 208 | 1-bed | 642 sqft | AED 550KAED 550,000 · Jul 2024July 2024 | 55,000 /yr | |
| 209 | 1-bed | 638 sqft | AED 539KAED 538,790 · May 2018May 2018 | 50,000 /yr | |
| 210 | 1-bed | 638 sqft | AED 490KAED 490,000 · Feb 2024February 2024 | 27,000 /yr | |
| 211 | 1-bed | 634 sqft | AED 529KAED 528,550 · Mar 2018March 2018 | 52,000 /yr | |
| 212 | 1-bed | 635 sqft | AED 520KAED 520,000 · Sep 2018September 2018 | 29,500 /yr | |
| 213 | 2-bed | 965 sqft | No registered sale | 80,000 /yr | |
| 214 | 2-bed | 965 sqft | AED 926KAED 926,100 · Dec 2024December 2024 | 68,000 /yr |
203, MAG 550 in numbers
- Sold twice: first on 30 October 2016 for AED 380,555, last on 3 June 2024 for AED 415,000 (AED 871 per sqft).
- Rented since January 2020 on 4 Ejari contracts. The rent fell from AED 23,000 to AED 18,000 in 2022 and recovered to AED 21,000 by April 2023.
- At AED 21,000 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 7,900 a year (AED 16.63 per sqft).
Source: Dubai Land Department. Updated 3 June 2024.
Questions about 203, MAG 550
What did unit 203 last sell for?
AED 415,000 on 3 June 2024: AED 871 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 380,555 in October 2016.
What is the rent for unit 203?
AED 21,000 a year on the contract renewed on 10 April 2023. The previous contract, from April 2022, was AED 18,000; the unit has been rented since January 2020.
How big is unit 203?
476 sqft (44.2 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 203 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 203, MAG 550
Starts from the last sale price (AED 415K, 3 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 415,000
- Deposit, UAE resident (20%)
- AED 83,000
- Deposit, non-resident (40%)
- AED 166,000
- Monthly over 25 years at 3.7%
- AED 1,698
Plus AED 20,340 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →