118, MAG 555
Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 118, MAG 555
What is 118 worth today?
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Source: Dubai Land Department. Updated 6 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 1st of 6
- Parking
- G-18
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,500 /yr
- Last sold
- AED 405K · April 2018
- Building
- MAG 555
About 118, MAG 555
118 is a studio of 437 sqft on the 1st floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 12 April 2018 for AED 404,500, or AED 925 per sqft, in line with the AED 917 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 6 December 2025, is AED 36,500 a year: a gross yield of 9.0% on the 2018 price, before the service charge of about AED 6,500 a year.
Sales and rents for 118 over time
118 has sold once; 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 555, and where 118 sits
All 58 studios →118 last sold in April 2018 at AED 925 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 917). Over the last 12 months studios sold for AED 480,000 to 540,000, around AED 1,435 per sqft, and rent for AED 35,000 to 45,000 a year. 118's AED 36,500 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Feb 202616 February 2026 | 347 sqft | 540,000 | 1,554 | ||
| 30 Jan 202630 January 2026 | 365 sqft | 480,000 | 1,315 | ||
| 3 Apr 20253 April 2025 | 360 sqft | 300,000 | 833 | ||
| 3 Apr 20253 April 2025 | 349 sqft | 450,000 | 1,289 |
MAG 555
Building129 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,315
- Typical sale
- AED 540K
- Typical rent
- AED 44K /yr
- Typical yield
- 7.4%
Other units on the 1st floor
All 129 units in MAG 555| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 420KAED 420,000 · May 2024May 2024 | 38,808 /yr | |
| 102 | Studio | 387 sqft | AED 360KAED 359,575 · Oct 2017October 2017 | 40,000 /yr | |
| 103 | Studio | 365 sqft | No registered sale | 50,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 438KAED 438,000 · Aug 2017August 2017 | 39,000 /yr | |
| 105 | 2-bed | 666 sqft | AED 566KAED 565,800 · Jun 2018June 2018 | 70,000 /yr | |
| 106 | 1-bed | 483 sqft | AED 450KAED 450,000 · Mar 2020March 2020 | 31,000 /yr | |
| 107 | 387 sqft | AED 400KAED 400,000 · Sep 2025September 2025 | 36,000 /yr | ||
| 108 | Studio | 347 sqft | AED 316KAED 315,784 · Aug 2017August 2017 | 32,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 13KAED 12,946 · Jan 2026January 2026 | 47,000 /yr | |
| 110 | 2-bed | 665 sqft | AED 582KAED 582,000 · Jan 2018January 2018 | 35,000 /yr | |
| 111 | 1-bed | 483 sqft | AED 448KAED 447,746 · Oct 2017October 2017 | 45,000 /yr | |
| 112 | 1-bed | 656 sqft | AED 680KAED 680,000 · Jul 2025July 2025 | 40,000 /yr | |
| 113 | 1-bed | 622 sqft | AED 445KAED 444,548 · Feb 2023February 2023 | 54,000 /yr | |
| 114 | 1-bed | 638 sqft | AED 475KAED 475,000 · Apr 2024April 2024 | 22,000 /yr | |
| 115 | Studio | 410 sqft | AED 376KAED 376,000 · Jul 2019July 2019 | 32,000 /yr | |
| 116 | Studio | 410 sqft | AED 379KAED 378,500 · Feb 2020February 2020 | ||
| 117 | Studio | 437 sqft | AED 399KAED 399,000 · Apr 2018April 2018 | 36,000 /yr | |
| 119 | 1-bed | 514 sqft | AED 474KAED 474,000 · Sep 2017September 2017 | ||
| 120 | 1-bed | 514 sqft | AED 472KAED 472,000 · Feb 2020February 2020 | 45,000 /yr | |
| 121 | Studio | 360 sqft | AED 380KAED 380,000 · Feb 2020February 2020 | 36,000 /yr | |
| 122 | Studio | 360 sqft | AED 338KAED 338,200 · Nov 2017November 2017 |
118, MAG 555 in numbers
- Sold once: by MAG on 12 April 2018 for AED 404,500, or AED 925 per sqft.
- Rented since December 2023 on 3 Ejari contracts, from AED 32,000 to AED 36,500 a year.
- At AED 36,500 a year the gross yield on the 2018 price is 9.0%, before a service charge of about AED 6,500 a year (AED 14.96 per sqft).
- Studios in MAG 555 sold for AED 480,000–540,000 in the 12 months to November 2026; the building's median across all types is AED 1,315 per sqft.
Source: Dubai Land Department. Updated 6 December 2025.
Questions about 118, MAG 555
What did unit 118 last sell for?
AED 404,500 on 12 April 2018, sold by the developer: AED 925 per sqft for 437 sqft. It is the only registered sale of the unit.
What is the rent for unit 118?
AED 36,500 a year on the contract renewed on 6 December 2025. The previous contract, from December 2024, was AED 35,500; the unit has been rented since December 2023.
How big is unit 118?
437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 118 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 555 sold for AED 480,000 to 540,000 in the last 12 months, around AED 1,435 per sqft.
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Mortgage on 118, MAG 555
Starts from the last sale price (AED 405K, 12 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 404,500
- Deposit, UAE resident (20%)
- AED 80,900
- Deposit, non-resident (40%)
- AED 161,800
- Monthly over 25 years at 3.7%
- AED 1,655
Plus AED 19,899 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →