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Studio · 347 sqftMAG 555, Dubai South · 3rd floor · completed 2020

308, MAG 555

Sold prices and rental history: sold once, by the developer in August 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 25 February 2024
Last soldAED 330K29 August 2017
Current rentAED 26K /yr25 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, MAG 555

What is 308 worth today?

Last sold for AED 330,000 in 2017

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25 Feb 2024RentedRenewal
AED 26,000/yr12 months · AED 75 per sqft
25 Feb 2023RentedNew contract
AED 24,000/yr12 months · AED 70 per sqft
16 Feb 2022RentedNew contract
AED 19,500/yr12 months · AED 57 per sqft
16 Feb 2022RentedRenewal
AED 19,500/yr12 months · AED 57 per sqft
16 Feb 2021RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
16 Feb 2020RentedNew contract
AED 18,000/yr12 months · AED 52 per sqft
29 Aug 2017Sold by developerOff-plan
AED 330,000AED 950 per sqft

Source: Dubai Land Department. Updated 25 February 2024.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
3rd of 6
Parking
G-52
Developer
MAG
Completed
2020
Service charge
AED 5,200 /yr
Last sold
AED 330K · August 2017
Building
MAG 555

About 308, MAG 555

308 is a studio of 347 sqft on the 3rd floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 29 August 2017 for AED 330,000, or AED 950 per sqft, 4% above the AED 910 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 25 February 2024, is AED 26,000 a year: a gross yield of 7.9% on the 2017 price, before the service charge of about AED 5,200 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical studio in MAG 555
300K400K2017202020232026Typical sale price by year: 2017 AED 351,070; 2018 AED 368,500; 2019 AED 374,555; 2020 AED 316,750; 2023 AED 312,500; 2024 AED 400,000; 2025 AED 450,000Sold by developer, August 2017: AED 330,000 (AED 950 per sqft)

308 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 308, each contractTypical studio in MAG 555
20K40K20192021202320252027Typical rent by year: 2019 AED 25,000; 2020 AED 19,000; 2021 AED 18,000; 2022 AED 20,000; 2023 AED 25,000; 2024 AED 35,000; 2025 AED 39,500; 2026 AED 43,750New contract, February 2020: AED 18,000 a yearRenewal, February 2021: AED 18,000 a yearNew contract, February 2022: AED 19,500 a yearRenewal, February 2022: AED 19,500 a yearNew contract, February 2023: AED 24,000 a yearRenewal, February 2024: AED 26,000 a year

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 308 sits

All 58 studios →

308 last sold in August 2017 at AED 950 per sqft, 4% above what studios in MAG 555 were fetching at the time (AED 910). 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. 308's AED 26,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Feb 2026540,000
30 Jan 2026480,000
3 Apr 2025300,000
3 Apr 2025450,000
2 studio sales in the last 12 months

MAG 555

Building

129 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%
MAG 555, Dubai South: prices, sales and rents →

Other units on the 3rd floor

All 129 units in MAG 555
Value
3011-bedAED 554K · Oct 2017
302StudioAED 356K · Jul 2017
303StudioAED 338K · Jan 2018
3041-bedAED 439K · Aug 2017
3052-bedAED 595K · Sep 2017
3061-bedAED 445K · Aug 2017
307StudioAED 372K · Jan 2018
1–7 of 21

308, MAG 555 in numbers

  • Sold once: by MAG on 29 August 2017 for AED 330,000, or AED 950 per sqft.
  • Rented since February 2020 on 6 Ejari contracts, from AED 18,000 to AED 26,000 a year.
  • At AED 26,000 a year the gross yield on the 2017 price is 7.9%, before a service charge of about AED 5,200 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 25 February 2024.

Questions about 308, MAG 555

What did unit 308 last sell for?

AED 330,000 on 29 August 2017, sold by the developer: AED 950 per sqft for 347 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 26,000 a year on the contract renewed on 25 February 2024. The previous contract, from February 2023, was AED 24,000; the unit has been rented since February 2020.

How big is unit 308?

347 sqft (32.2 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 308 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 308, MAG 555

Starts from the last sale price (AED 330K, 29 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 330,000
Deposit, UAE resident (20%)
AED 66,000
Deposit, non-resident (40%)
AED 132,000
Monthly over 25 years at 3.7%
AED 1,350

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →