604, MAG 550
Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 604, MAG 550
What is 604 worth today?
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Source: Dubai Land Department. Updated 25 August 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 642 sqft
- Floor
- 6th of 6
- Parking
- G-77
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,700 /yr
- Last sold
- AED 470K · May 2023
- Building
- MAG 550
About 604, MAG 550
604 is a one-bedroom apartment of 642 sqft on the 6th floor of MAG 550, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 25 May 2023 for AED 470,000, or AED 731 per sqft.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 25 August 2025, is AED 41,000 a year: a gross yield of 8.7% on the 2023 price, before the service charge of about AED 10,700 a year.
Sales and rents for 604 over time
604 has sold twice; 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 604 sits
All 48 1-beds →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 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 | |
| 603 | Studio | 476 sqft | AED 375KAED 375,000 · Jan 2024January 2024 | 29,920 /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 |
604, MAG 550 in numbers
- Sold twice: first on 28 September 2016 for AED 535,555, last on 25 May 2023 for AED 470,000 (AED 731 per sqft).
- Rented since March 2020 on 6 Ejari contracts, from AED 32,000 to AED 41,000 a year.
- At AED 41,000 a year the gross yield on the 2023 price is 8.7%, before a service charge of about AED 10,700 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 25 August 2025.
Questions about 604, MAG 550
What did unit 604 last sell for?
AED 470,000 on 25 May 2023: AED 731 per sqft for 642 sqft. The unit has 2 registered sales; the first was AED 535,555 in September 2016.
What is the rent for unit 604?
AED 41,000 a year on the contract renewed on 25 August 2025. The previous contract, from August 2024, was AED 41,000; the unit has been rented since March 2020.
How big is unit 604?
642 sqft (59.6 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.
What is unit 604 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 604, MAG 550
Starts from the last sale price (AED 470K, 25 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 470,000
- Deposit, UAE resident (20%)
- AED 94,000
- Deposit, non-resident (40%)
- AED 188,000
- Monthly over 25 years at 3.7%
- AED 1,923
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →