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1-bed · 638 sqftMAG 550, Dubai South · 3rd floor · completed 2020

309, MAG 550

Sold prices and rental history: sold twice, last in February 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 15 December 2024
Last soldAED 455K18 February 2019
Current rentAED 46K /yr15 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, MAG 550

What is 309 worth today?

Last sold for AED 455,000 in 2019

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15 Dec 2024RentedRenewal
AED 46,200/yr12 months · AED 72 per sqft
15 Dec 2023RentedNew contract
AED 42,000/yr12 months · AED 66 per sqft
20 Jan 2023RentedNew contract
AED 28,000/yr12 months · AED 44 per sqft
20 Jan 2020RentedNew contract
AED 28,000/yr12 months · AED 44 per sqft
18 Feb 2019SoldReady
AED 455,000AED 713 per sqft
30 Oct 2016Sold by developerOff-plan
AED 415,555AED 651 per sqft

Source: Dubai Land Department. Updated 15 December 2024.

Key facts

Type
1-bed apartment
Size
638 sqft
Floor
3rd of 6
Parking
G-38
Developer
MAG
Completed
2020
Service charge
AED 10,600 /yr
Last sold
AED 455K · February 2019
Building
MAG 550

About 309, MAG 550

309 is a one-bedroom apartment of 638 sqft on the 3rd floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 18 February 2019 for AED 455,000, or AED 713 per sqft, 15% below the AED 834 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 15 December 2024, is AED 46,200 a year: a gross yield of 10.2% on the 2019 price, before the service charge of about AED 10,600 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in MAG 550
400K600K2016201920222025Typical 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, October 2016: AED 415,555 (AED 651 per sqft)Sold, February 2019: AED 455,000 (AED 713 per sqft)

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

Rents
Unit 309, 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, January 2020: AED 28,000 a yearNew contract, January 2023: AED 28,000 a yearNew contract, December 2023: AED 42,000 a yearRenewal, December 2024: AED 46,200 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 309 sits

All 48 1-beds →

309 last sold in February 2019 at AED 713 per sqft, 15% below what one-beds in MAG 550 were fetching at the time (AED 834). 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 3rd floor

All 86 units in MAG 550
Value
3012-bedAED 719K · Feb 2023
3021-bedAED 521K · Aug 2016
303StudioAED 386K · Aug 2016
3041-bedAED 450K · Feb 2020
3052-bedAED 850K · Oct 2021
3061-bedAED 640K · Aug 2024
307AED 500K · Sep 2025
1–7 of 13

309, MAG 550 in numbers

  • Sold twice: first on 30 October 2016 for AED 415,555, last on 18 February 2019 for AED 455,000 (AED 713 per sqft).
  • Rented since January 2020 on 4 Ejari contracts, from AED 28,000 to AED 46,200 a year.
  • At AED 46,200 a year the gross yield on the 2019 price is 10.2%, 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 15 December 2024.

Questions about 309, MAG 550

What did unit 309 last sell for?

AED 455,000 on 18 February 2019: AED 713 per sqft for 638 sqft. The unit has 2 registered sales; the first was AED 415,555 in October 2016.

What is the rent for unit 309?

AED 46,200 a year on the contract renewed on 15 December 2024. The previous contract, from December 2023, was AED 42,000; the unit has been rented since January 2020.

How big is unit 309?

638 sqft (59.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 309 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 309, MAG 550

Starts from the last sale price (AED 455K, 18 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 455,000
Deposit, UAE resident (20%)
AED 91,000
Deposit, non-resident (40%)
AED 182,000
Monthly over 25 years at 3.7%
AED 1,862

Plus AED 22,020 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →