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1-bed · 638 sqftMAG 550, Dubai South · 2nd floor · completed 2020

209, MAG 550

Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 209 · DLD and Ejari recordsUpdated 22 March 2025
Last soldAED 539K10 May 2018
Current rentAED 50K /yr22 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 209, MAG 550

What is 209 worth today?

Last sold for AED 538,790 in 2018

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22 Mar 2025RentedNew contract
AED 50,000/yr12 months · AED 79 per sqft
7 Aug 2023RentedNew contract
AED 42,000/yr12 months · AED 66 per sqft
10 May 2018Sold by developerOff-plan
AED 538,790AED 844 per sqft

Source: Dubai Land Department. Updated 22 March 2025.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
2nd of 6
Parking
G-23
Developer
MAG
Completed
2020
Service charge
AED 10,600 /yr
Last sold
AED 539K · May 2018
Building
MAG 550

About 209, MAG 550

209 is a one-bedroom apartment of 638 sqft on the 2nd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 10 May 2018 for AED 538,790, or AED 844 per sqft, in line with the AED 839 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 22 March 2025, is AED 50,000 a year: a gross yield of 9.3% on the 2018 price, before the service charge of about AED 10,600 a year.

Sales and rents for 209 over time

Sales
Unit 209, each saleTypical one-bed in MAG 550
500K600K2016201920222025Typical sale price by year: 2016 AED 540,555; 2017 AED 515,000; 2018 AED 531,209; 2019 AED 515,555; 2023 AED 445,000; 2024 AED 535,000; 2025 AED 645,000Sold by developer, May 2018: AED 538,790 (AED 844 per sqft)

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

Rents
Unit 209, each contractTypical one-bed in MAG 550
40K2019202120232025Typical rent by year: 2019 AED 30,000; 2020 AED 28,000; 2021 AED 27,000; 2022 AED 28,500; 2023 AED 33,000; 2024 AED 46,100; 2025 AED 52,000New contract, August 2023: AED 42,000 a yearNew contract, March 2025: AED 50,000 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 550, and where 209 sits

All 48 1-beds →

209 last sold in May 2018 at AED 844 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 839). 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 salesUnit no.Price (AED)Summary
25 Dec 2025750,000
8 Oct 2025650,000
29 Jul 2025700,000
7 Apr 2025630,000
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
Value
2012-bedAED 700K · Feb 2020
2021-bedAED 460K · Jan 2024
203StudioAED 415K · Jun 2024
2041-bedAED 440K · Oct 2023
2052-bedAED 990K · Dec 2025
2061-bedAED 536K · May 2016
207StudioAED 390K · May 2024
1–7 of 13

209, MAG 550 in numbers

  • Sold once: by MAG on 10 May 2018 for AED 538,790, or AED 844 per sqft.
  • Rented since August 2023 on 2 Ejari contracts, from AED 42,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2018 price is 9.3%, before a service charge of about AED 10,600 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 22 March 2025.

Questions about 209, MAG 550

What did unit 209 last sell for?

AED 538,790 on 10 May 2018, sold by the developer: AED 844 per sqft for 638 sqft. It is the only registered sale of the unit.

What is the rent for unit 209?

AED 50,000 a year on the contract signed on 22 March 2025. The previous contract, from August 2023, was AED 42,000.

How big is unit 209?

638 sqft (59.3 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 209 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 209, MAG 550

Starts from the last sale price (AED 539K, 10 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 538,790
Deposit, UAE resident (20%)
AED 107,758
Deposit, non-resident (40%)
AED 215,516
Monthly over 25 years at 3.7%
AED 2,204

Plus AED 27,640 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →