612, MAG 550
Sold prices and rental history: sold once, by the developer in March 2018, 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 612, MAG 550
What is 612 worth today?
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Source: Dubai Land Department. Updated 21 July 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 635 sqft
- Floor
- 6th of 6
- Parking
- G-85
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 10,600 /yr
- Last sold
- AED 539K · March 2018
- Building
- MAG 550
About 612, MAG 550
612 is a one-bedroom apartment of 635 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 26 March 2018 for AED 538,824, or AED 848 per sqft, in line with the AED 832 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 21 July 2025, is AED 52,000 a year: a gross yield of 9.7% on the 2018 price, before the service charge of about AED 10,600 a year.
Sales and rents for 612 over time
612 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 612 sits
All 48 1-beds →612 last sold in March 2018 at AED 848 per sqft, in line with what one-beds in MAG 550 were fetching at the time (AED 832). 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 | |
| 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 | |
| 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 |
612, MAG 550 in numbers
- Sold once: by MAG on 26 March 2018 for AED 538,824, or AED 848 per sqft.
- Rented since March 2020 on 5 Ejari contracts, from AED 28,000 to AED 52,000 a year.
- At AED 52,000 a year the gross yield on the 2018 price is 9.7%, 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 21 July 2025.
Questions about 612, MAG 550
What did unit 612 last sell for?
AED 538,824 on 26 March 2018, sold by the developer: AED 848 per sqft for 635 sqft. It is the only registered sale of the unit.
What is the rent for unit 612?
AED 52,000 a year on the contract signed on 21 July 2025. The previous contract, from April 2025, was AED 35,000; the unit has been rented since March 2020.
How big is unit 612?
635 sqft (59.0 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2020.
What is unit 612 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 612, MAG 550
Starts from the last sale price (AED 539K, 26 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 538,824
- Deposit, UAE resident (20%)
- AED 107,765
- Deposit, non-resident (40%)
- AED 215,530
- Monthly over 25 years at 3.7%
- AED 2,204
Plus AED 27,641 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →