603, MAG 550
Sold prices and rental history: sold 3 times, last in January 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, MAG 550
What is 603 worth today?
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Source: Dubai Land Department. Updated 31 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 476 sqft
- Floor
- 6th of 6
- Parking
- G-76
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,900 /yr
- Last sold
- AED 375K · January 2024
- Building
- MAG 550
About 603, MAG 550
603 is a studio of 476 sqft on the 6th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 January 2024 for AED 375,000, or AED 787 per sqft.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 31 July 2024, is AED 29,920 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 7,900 a year.
Sales and rents for 603 over time
603 has sold 3 times; the dashed line is the studio median of each year in the building.
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 603 sits
All 11 studios →| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 6th floor
All 86 units in MAG 550| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,041 sqft | No registered sale | 80,000 /yr | |
| 602 | 1-bed | 667 sqft | AED 585KAED 585,000 · Apr 2016April 2016 | 24,000 /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 |
603, MAG 550 in numbers
- Sold 3 times: first on 24 August 2016 for AED 390,555, last on 23 January 2024 for AED 375,000 (AED 787 per sqft).
- Rented since August 2019 on 5 Ejari contracts. The rent fell from AED 40,000 to AED 18,000 in 2021 and recovered to AED 29,920 by July 2024.
- At AED 29,920 a year the gross yield on the 2024 price is 8.0%, before a service charge of about AED 7,900 a year (AED 16.63 per sqft).
Source: Dubai Land Department. Updated 31 July 2024.
Questions about 603, MAG 550
What did unit 603 last sell for?
AED 375,000 on 23 January 2024: AED 787 per sqft for 476 sqft. The unit has 3 registered sales; the first was AED 390,555 in August 2016.
What is the rent for unit 603?
AED 29,920 a year on the contract renewed on 31 July 2024. The previous contract, from March 2022, was AED 23,000; the unit has been rented since August 2019.
How big is unit 603?
476 sqft (44.2 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 603 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 603, MAG 550
Starts from the last sale price (AED 375K, 23 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 375,000
- Deposit, UAE resident (20%)
- AED 75,000
- Deposit, non-resident (40%)
- AED 150,000
- Monthly over 25 years at 3.7%
- AED 1,534
Plus AED 18,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →