Studio · 473 sqftMAG 550, Dubai South · 2nd floor · completed 2020

207, MAG 550

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 207 · DLD and Ejari recordsUpdated 20 May 2025

Last soldAED 390K10 May 2024

Current rentAED 46K /yr20 May 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 207, MAG 550

Today

What is 207 worth today?

Last sold for AED 390,000 in 2024

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20 May 2025

20 May 2025RentedNew contract

AED 46,000/yr12 months · AED 97 per sqft

10 May 2024

10 May 2024SoldReady

AED 390,000AED 823 per sqft

30 Apr 2022

30 Apr 2022RentedNew contract

AED 22,000/yr12 months · AED 46 per sqft

5 Dec 2021

5 Dec 2021RentedNew contract

AED 21,000/yr12 months · AED 44 per sqft

15 Nov 2020

15 Nov 2020RentedNew contract

AED 19,000/yr12 months · AED 40 per sqft

14 Nov 2016

14 Nov 2016Sold by developerOff-plan

AED 385,555AED 814 per sqft

Source: Dubai Land Department. Updated 20 May 2025.

Key facts

Type: Studio apartment
Size: 473 sqft
Floor: 2nd of 6
Parking: G-21
Developer: MAG
Completed: 2020
Service charge: AED 7,900 /yr
Last sold: AED 390K · May 2024
Building: MAG 550

About 207, MAG 550

207 is a studio of 473 sqft on the 2nd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 10 May 2024 for AED 390,000, or AED 823 per sqft.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 20 May 2025, is AED 46,000 a year: a gross yield of 11.8% on the 2024 price, before the service charge of about AED 7,900 a year.

Sales and rents for 207 over time

Sales

Unit 207, each saleTypical studio in MAG 550

207 has sold twice; the dashed line is the studio median of each year in the building.

Rents

Unit 207, each contractTypical studio in MAG 550

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 207 sits

All 11 studios →

MAG 550 · all types1,124 /sqft

Recent studio sales	Size	Price (AED)	Per sqft
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

0 studio sales 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
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
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

207, MAG 550 in numbers

Sold twice: first on 14 November 2016 for AED 385,555, last on 10 May 2024 for AED 390,000 (AED 823 per sqft).
Rented since November 2020 on 4 Ejari contracts, from AED 19,000 to AED 46,000 a year.
At AED 46,000 a year the gross yield on the 2024 price is 11.8%, before a service charge of about AED 7,900 a year (AED 16.63 per sqft).

Source: Dubai Land Department. Updated 20 May 2025.

Questions about 207, MAG 550

What did unit 207 last sell for?

AED 390,000 on 10 May 2024: AED 823 per sqft for 473 sqft. The unit has 2 registered sales; the first was AED 385,555 in November 2016.

What is the rent for unit 207?

AED 46,000 a year on the contract signed on 20 May 2025. The previous contract, from April 2022, was AED 22,000; the unit has been rented since November 2020.

How big is unit 207?

473 sqft (43.9 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 207 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 207, MAG 550

Starts from the last sale price (AED 390K, 10 May 2024). Switch to today's estimate once you have unlocked it.

Price: AED 390,000
Deposit, UAE resident (20%): AED 78,000
Deposit, non-resident (40%): AED 156,000
Monthly over 25 years at 3.7%: AED 1,596

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