316, MAG 555
Sold prices and rental history: sold once, by the developer in July 2018, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, MAG 555
What is 316 worth today?
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Source: Dubai Land Department. Updated 25 June 2022.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 3rd of 6
- Parking
- G-60
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,100 /yr
- Last sold
- AED 365K · July 2018
- Building
- MAG 555
About 316, MAG 555
316 is a studio of 410 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 9 July 2018 for AED 365,000, or AED 889 per sqft, 3% below the AED 917 studios in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 25 June 2022, is AED 19,000 a year: a gross yield of 5.2% on the 2018 price, before the service charge of about AED 6,100 a year.
Sales and rents for 316 over time
316 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 316 sits
All 58 studios →316 last sold in July 2018 at AED 889 per sqft, 3% below 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. 316's AED 19,000 is at the bottom 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 3rd floor
All 129 units in MAG 555| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 628 sqft | AED 554KAED 553,800 · Oct 2017October 2017 | 58,000 /yr | |
| 302 | Studio | 387 sqft | AED 356KAED 355,710 · Jul 2017July 2017 | 35,000 /yr | |
| 303 | Studio | 365 sqft | AED 338KAED 338,000 · Jan 2018January 2018 | 39,000 /yr | |
| 304 | 1-bed | 478 sqft | AED 439KAED 438,832 · Aug 2017August 2017 | 44,000 /yr | |
| 305 | 2-bed | 666 sqft | AED 595KAED 595,000 · Sep 2017September 2017 | ||
| 306 | 1-bed | 483 sqft | AED 445KAED 445,168 · Aug 2017August 2017 | 37,000 /yr | |
| 307 | Studio | 387 sqft | AED 372KAED 372,000 · Jan 2018January 2018 | 20,000 /yr | |
| 308 | Studio | 347 sqft | AED 330KAED 330,000 · Aug 2017August 2017 | 26,000 /yr | |
| 309 | 1-bed | 478 sqft | AED 605KAED 605,000 · Feb 2026February 2026 | 59,000 /yr | |
| 310 | 2-bed | 665 sqft | AED 469KAED 469,388 · Jul 2021July 2021 | 65,000 /yr | |
| 311 | 1-bed | 483 sqft | AED 450KAED 450,000 · Oct 2017October 2017 | 32,890 /yr | |
| 312 | 1-bed | 656 sqft | AED 565KAED 565,343 · Sep 2017September 2017 | 40,000 /yr | |
| 313 | 1-bed | 622 sqft | AED 510KAED 510,000 · Dec 2020December 2020 | ||
| 314 | 1-bed | 638 sqft | AED 650KAED 650,000 · May 2025May 2025 | 53,000 /yr | |
| 315 | Studio | 410 sqft | AED 365KAED 365,000 · Jan 2018January 2018 | 43,000 /yr | |
| 317 | Studio | 437 sqft | AED 400KAED 400,000 · May 2019May 2019 | ||
| 318 | Studio | 437 sqft | AED 325KAED 325,000 · Jul 2023July 2023 | 20,500 /yr | |
| 319 | 1-bed | 514 sqft | AED 500KAED 500,000 · Jul 2024July 2024 | 42,000 /yr | |
| 320 | 1-bed | 514 sqft | AED 443KAED 443,000 · Jun 2018June 2018 | 46,000 /yr | |
| 321 | Studio | 360 sqft | AED 330KAED 330,000 · Jan 2018January 2018 | 27,000 /yr | |
| 322 | Studio | 360 sqft | AED 320KAED 320,000 · Aug 2017August 2017 | 38,000 /yr |
316, MAG 555 in numbers
- Sold once: by MAG on 9 July 2018 for AED 365,000, or AED 889 per sqft.
- Rented since June 2021 on 2 Ejari contracts, at AED 19,000 a year.
- At AED 19,000 a year the gross yield on the 2018 price is 5.2%, before a service charge of about AED 6,100 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 June 2022.
Questions about 316, MAG 555
What did unit 316 last sell for?
AED 365,000 on 9 July 2018, sold by the developer: AED 889 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 316?
AED 19,000 a year on the contract signed on 25 June 2022. The previous contract, from June 2021, was AED 19,000.
How big is unit 316?
410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 316 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 316, MAG 555
Starts from the last sale price (AED 365K, 9 July 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 365,000
- Deposit, UAE resident (20%)
- AED 73,000
- Deposit, non-resident (40%)
- AED 146,000
- Monthly over 25 years at 3.7%
- AED 1,493
Plus AED 18,240 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →