502, MAG 550
Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, MAG 550
What is 502 worth today?
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Source: Dubai Land Department. Updated 20 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 667 sqft
- Floor
- 5th of 6
- Parking
- G-59
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 11,100 /yr
- Last sold
- AED 571K · June 2016
- Building
- MAG 550
About 502, MAG 550
502 is a one-bedroom apartment of 667 sqft on the 5th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 28 June 2016 for AED 571,475, or AED 856 per sqft, in line with the AED 856 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 20 March 2025, is AED 53,000 a year: a gross yield of 9.3% on the 2016 price, before the service charge of about AED 11,100 a year.
Sales and rents for 502 over time
502 has sold once; the dashed line is the one-bed median of each year in the building.
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 502 sits
All 48 1-beds →502 last sold in June 2016 at AED 856 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 856). 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 | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 5th floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,041 sqft | AED 698KAED 697,881 · Dec 2022December 2022 | 50,000 /yr | |
| 503 | Studio | 476 sqft | AED 525KAED 525,000 · Oct 2025October 2025 | 48,000 /yr | |
| 504 | 1-bed | 642 sqft | AED 600KAED 600,000 · Sep 2024September 2024 | 57,000 /yr | |
| 505 | 2-bed | 1,008 sqft | No registered sale | 75,000 /yr | |
| 506 | 1-bed | 667 sqft | AED 400KAED 400,000 · Mar 2024March 2024 | 55,000 /yr | |
| 507 | Studio | 473 sqft | AED 490KAED 490,000 · Apr 2016April 2016 | 42,000 /yr | |
| 508 | 1-bed | 642 sqft | AED 645KAED 645,000 · Jan 2025January 2025 | 57,657 /yr | |
| 509 | 1-bed | 639 sqft | AED 525KAED 524,996 · May 2018May 2018 | 37,800 /yr | |
| 510 | 1-bed | 638 sqft | AED 515KAED 515,000 · Aug 2017August 2017 | 60,000 /yr | |
| 511 | 1-bed | 634 sqft | AED 570KAED 570,000 · May 2016May 2016 | 25,846 /yr | |
| 512 | 1-bed | 635 sqft | AED 650KAED 650,000 · Oct 2025October 2025 | 28,000 /yr | |
| 513 | 2-bed | 965 sqft | AED 685KAED 685,000 · Feb 2023February 2023 | 76,000 /yr | |
| 514 | 2-bed | 965 sqft | AED 925KAED 925,000 · Aug 2024August 2024 | 75,000 /yr |
502, MAG 550 in numbers
- Sold once: by MAG on 28 June 2016 for AED 571,475, or AED 856 per sqft.
- Rented since January 2022 on 5 Ejari contracts, from AED 30,000 to AED 53,000 a year.
- At AED 53,000 a year the gross yield on the 2016 price is 9.3%, before a service charge of about AED 11,100 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 20 March 2025.
Questions about 502, MAG 550
What did unit 502 last sell for?
AED 571,475 on 28 June 2016, sold by the developer: AED 856 per sqft for 667 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 53,000 a year on the contract signed on 20 March 2025. The previous contract, from March 2024, was AED 45,000; the unit has been rented since January 2022.
How big is unit 502?
667 sqft (62.0 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.
What is unit 502 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 502, MAG 550
Starts from the last sale price (AED 571K, 28 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 571,475
- Deposit, UAE resident (20%)
- AED 114,295
- Deposit, non-resident (40%)
- AED 228,590
- Monthly over 25 years at 3.7%
- AED 2,338
Plus AED 29,012 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →