221, MAG 555
Sold prices and rental history: sold once, by the developer in September 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 221, MAG 555
What is 221 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 360 sqft
- Floor
- 2nd of 6
- Parking
- G-43
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 5,400 /yr
- Last sold
- AED 328K · September 2017
- Building
- MAG 555
About 221, MAG 555
221 is a studio of 360 sqft on the 2nd floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 26 September 2017 for AED 328,375, or AED 912 per sqft, in line with the AED 915 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 27 July 2024, is AED 36,000 a year: a gross yield of 11.0% on the 2017 price, before the service charge of about AED 5,400 a year.
Sales and rents for 221 over time
221 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 221 sits
All 58 studios →221 last sold in September 2017 at AED 912 per sqft, in line with what studios in MAG 555 were fetching at the time (AED 915). 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. 221's AED 36,000 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 2nd floor
All 129 units in MAG 555| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 628 sqft | AED 414KAED 413,820 · Nov 2021November 2021 | 33,000 /yr | |
| 202 | Studio | 387 sqft | AED 375KAED 375,000 · Jun 2024June 2024 | 35,000 /yr | |
| 203 | Studio | 365 sqft | AED 365KAED 365,000 · Jul 2024July 2024 | 40,000 /yr | |
| 204 | 1-bed | 478 sqft | AED 350KAED 350,000 · Jun 2024June 2024 | 45,000 /yr | |
| 205 | 2-bed | 666 sqft | AED 560KAED 560,000 · Nov 2017November 2017 | 65,000 /yr | |
| 206 | 483 sqft | AED 42KAED 41,760 · Jan 2026January 2026 | 52,000 /yr | ||
| 207 | Studio | 387 sqft | AED 351KAED 351,070 · Aug 2017August 2017 | 44,000 /yr | |
| 208 | Studio | 347 sqft | AED 540KAED 540,000 · Feb 2026February 2026 | 20,000 /yr | |
| 209 | 1-bed | 478 sqft | AED 438KAED 438,000 · Aug 2017August 2017 | 50,000 /yr | |
| 210 | 2-bed | 665 sqft | AED 555KAED 555,000 · Jul 2023July 2023 | 62,000 /yr | |
| 211 | 1-bed | 483 sqft | AED 435KAED 435,000 · Nov 2017November 2017 | 53,000 /yr | |
| 213 | 1-bed | 622 sqft | AED 486KAED 486,445 · Aug 2019August 2019 | 33,000 /yr | |
| 215 | Studio | 410 sqft | AED 470KAED 470,000 · Feb 2025February 2025 | 45,000 /yr | |
| 216 | Studio | 410 sqft | AED 400KAED 400,000 · Sep 2024September 2024 | 31,500 /yr | |
| 217 | Studio | 437 sqft | AED 394KAED 394,426 · Aug 2019August 2019 | 44,000 /yr | |
| 218 | Studio | 437 sqft | AED 430KAED 430,000 · Oct 2024October 2024 | 40,000 /yr | |
| 219 | 1-bed | 514 sqft | AED 466KAED 466,000 · Dec 2017December 2017 | 54,000 /yr | |
| 220 | 1-bed | 514 sqft | AED 375KAED 375,000 · Jun 2023June 2023 | 50,000 /yr | |
| 222 | Studio | 360 sqft | AED 328KAED 328,375 · Mar 2018March 2018 | 32,000 /yr |
221, MAG 555 in numbers
- Sold once: by MAG on 26 September 2017 for AED 328,375, or AED 912 per sqft.
- Rented since February 2021 on 5 Ejari contracts, from AED 18,000 to AED 36,000 a year.
- At AED 36,000 a year the gross yield on the 2017 price is 11.0%, before a service charge of about AED 5,400 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: YallaValue analysis of Dubai Land Department records. Updated 27 July 2024.
Questions about 221, MAG 555
What did unit 221 last sell for?
AED 328,375 on 26 September 2017, sold by the developer: AED 912 per sqft for 360 sqft. It is the only registered sale of the unit.
What is the rent for unit 221?
AED 36,000 a year on the contract signed on 27 July 2024. The previous contract, from September 2023, was AED 20,667; the unit has been rented since February 2021.
How big is unit 221?
360 sqft (33.4 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 221 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 221, MAG 555
Starts from the last sale price (AED 328K, 26 September 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 328,375
- Deposit, UAE resident (20%)
- AED 65,675
- Deposit, non-resident (40%)
- AED 131,350
- Monthly over 25 years at 3.7%
- AED 1,343
Plus AED 16,702 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →