1-bed · 667 sqftMAG 550, Dubai South · 6th floor · completed 2020

602, MAG 550

Sold prices and rental history: sold once, by the developer in April 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 602 · DLD and Ejari recordsUpdated 28 October 2020

Last soldAED 585K27 April 2016

Current rentAED 24K /yr28 October 2020

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 602, MAG 550

Today

What is 602 worth today?

Last sold for AED 585,000 in 2016

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28 Oct 2020

28 Oct 2020RentedNew contract

AED 24,000/yr12 months · AED 36 per sqft

15 Jul 2019

15 Jul 2019RentedNew contract

AED 40,000/yr12 months · AED 60 per sqft

27 Apr 2016

27 Apr 2016Sold by developerOff-plan

AED 585,000AED 877 per sqft

Source: Dubai Land Department. Updated 28 October 2020.

Key facts

Type: 1-bed apartment
Size: 667 sqft
Floor: 6th of 6
Parking: G-75
Developer: MAG
Completed: 2020
Service charge: AED 11,100 /yr
Last sold: AED 585K · April 2016
Building: MAG 550

About 602, MAG 550

602 is a one-bedroom apartment of 667 sqft on the 6th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 27 April 2016 for AED 585,000, or AED 877 per sqft.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 28 October 2020, is AED 24,000 a year: a gross yield of 4.1% on the 2016 price, before the service charge of about AED 11,100 a year.

Sales and rents for 602 over time

Sales

Unit 602, each saleTypical one-bed in MAG 550

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

Rents

Unit 602, 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 602 sits

All 48 1-beds →

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

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 6th floor

All 86 units in MAG 550


601	2-bed	1,041 sqft	No registered sale	80,000 /yr
603	Studio	476 sqft	AED 375KAED 375,000 · Jan 2024January 2024	29,920 /yr
604	1-bed	642 sqft	AED 470KAED 470,000 · May 2023May 2023	41,000 /yr
605	2-bed	1,008 sqft	No registered sale	75,000 /yr
606	1-bed	667 sqft	AED 750KAED 750,000 · Dec 2025December 2025	45,000 /yr
607	Studio	473 sqft	AED 465KAED 465,000 · Feb 2025February 2025	40,000 /yr
608	1-bed	642 sqft	AED 645KAED 645,000 · Jan 2025January 2025	32,100 /yr
609	1-bed	639 sqft	AED 495KAED 495,000 · Jan 2025January 2025	50,000 /yr
610	1-bed	638 sqft	AED 539KAED 538,824 · Mar 2018March 2018	27,000 /yr
611	1-bed	634 sqft	AED 550KAED 550,000 · Mar 2018March 2018	37,000 /yr
612	1-bed	635 sqft	AED 539KAED 538,824 · Mar 2018March 2018	52,000 /yr
613	2-bed	965 sqft	AED 885KAED 885,329 · May 2022May 2022	75,000 /yr
614	2-bed	965 sqft	No registered sale	75,000 /yr

1–7 of 13

602, MAG 550 in numbers

Sold once: by MAG on 27 April 2016 for AED 585,000, or AED 877 per sqft.
Rented since July 2019 on 2 Ejari contracts, from AED 40,000 to AED 24,000 a year.
At AED 24,000 a year the gross yield on the 2016 price is 4.1%, 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 28 October 2020.

Questions about 602, MAG 550

What did unit 602 last sell for?

AED 585,000 on 27 April 2016, sold by the developer: AED 877 per sqft for 667 sqft. It is the only registered sale of the unit.

What is the rent for unit 602?

AED 24,000 a year on the contract signed on 28 October 2020. The previous contract, from July 2019, was AED 40,000.

How big is unit 602?

667 sqft (62.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.

What is unit 602 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 602, MAG 550

Starts from the last sale price (AED 585K, 27 April 2016). Switch to today's estimate once you have unlocked it.

Price: AED 585,000
Deposit, UAE resident (20%): AED 117,000
Deposit, non-resident (40%): AED 234,000
Monthly over 25 years at 3.7%: AED 2,393

Plus AED 29,580 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →