1-bed · 642 sqftMAG 550, Dubai South · 2nd floor · completed 2020

204, MAG 550

Sold prices and rental history: sold twice, last in October 2023, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 204 · DLD and Ejari recordsUpdated 24 October 2023

Last soldAED 440K24 October 2023

Current rentAED 28K /yr1 July 2022

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 204, MAG 550

Today

What is 204 worth today?

Last sold for AED 440,000 in 2023

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24 Oct 2023

24 Oct 2023SoldReady

AED 440,000AED 685 per sqft

1 Jul 2022

1 Jul 2022RentedNew contract

AED 28,000/yr12 months · AED 43 per sqft

6 Jan 2019

6 Jan 2019Sold by developerOff-plan

AED 600,000AED 934 per sqft

Source: Dubai Land Department. Updated 24 October 2023.

Key facts

Type: 1-bed apartment
Size: 642 sqft
Floor: 2nd of 6
Parking: G-18
Developer: MAG
Completed: 2020
Service charge: AED 10,700 /yr
Last sold: AED 440K · October 2023
Building: MAG 550

About 204, MAG 550

204 is a one-bedroom apartment of 642 sqft on the 2nd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 24 October 2023 for AED 440,000, or AED 685 per sqft, in line with the AED 689 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2022. The current contract, signed on 1 July 2022, is AED 28,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 10,700 a year.

Sales and rents for 204 over time

Sales

Unit 204, each saleTypical one-bed in MAG 550

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

Rents

Unit 204, each contractTypical one-bed in MAG 550

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

1-beds in MAG 550, and where 204 sits

All 48 1-beds →

1-beds in MAG 550 · last 12 months1,124 /sqft MAG 550 · all types1,124 /sqft

204 last sold in October 2023 at AED 685 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 689). Over the last 12 months one-beds sold for AED 750,000, around AED 1,124 per sqft, and rent for AED 40,500 to 55,000 a year.

Recent 1-bed sales	Size	Price (AED)	Per sqft
25 Dec 202525 December 2025	667 sqft	750,000	1,124
8 Oct 20258 October 2025	635 sqft	650,000	1,023
29 Jul 202529 July 2025	642 sqft	700,000	1,089
7 Apr 20257 April 2025	642 sqft	630,000	980

1 1-bed sale in the last 12 months

MAG 550

Building

86 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%

MAG 550, Dubai South: prices, sales and rents →

Other units on the 2nd floor

All 86 units in MAG 550


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
203	Studio	476 sqft	AED 415KAED 415,000 · Jun 2024June 2024	21,000 /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

1–7 of 13

204, MAG 550 in numbers

Sold twice: first on 6 January 2019 for AED 600,000, last on 24 October 2023 for AED 440,000 (AED 685 per sqft).
Rented since July 2022 on one Ejari contract, at AED 28,000 a year.
At AED 28,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 10,700 a year (AED 16.63 per sqft).
One-beds in MAG 550 sold for AED 750,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 1,124 per sqft.

Source: Dubai Land Department. Updated 24 October 2023.

Questions about 204, MAG 550

What did unit 204 last sell for?

AED 440,000 on 24 October 2023: AED 685 per sqft for 642 sqft. The unit has 2 registered sales; the first was AED 600,000 in January 2019.

What is the rent for unit 204?

AED 28,000 a year on the contract signed on 1 July 2022.

How big is unit 204?

642 sqft (59.6 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 550 sold for AED 750,000 to 750,000 in the last 12 months, around AED 1,124 per sqft.

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Mortgage on 204, MAG 550

Starts from the last sale price (AED 440K, 24 October 2023). Switch to today's estimate once you have unlocked it.

Price: AED 440,000
Deposit, UAE resident (20%): AED 88,000
Deposit, non-resident (40%): AED 176,000
Monthly over 25 years at 3.7%: AED 1,800

Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →