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1-bed · 478 sqftMAG 555, Dubai South · 4th floor · completed 2020

404, MAG 555

Sold prices and rental history: sold twice, last in December 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 30 September 2023
Last soldAED 335K16 December 2022
Current rentAED 40K /yr30 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 404, MAG 555

What is 404 worth today?

Last sold for AED 335,000 in 2022

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30 Sep 2023RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
16 Dec 2022SoldReady
AED 335,000AED 700 per sqft
20 Sep 2021RentedNew contract
AED 24,000/yr12 months · AED 50 per sqft
9 Feb 2020Sold by developerReady
AED 437,500AED 914 per sqft

Source: Dubai Land Department. Updated 30 September 2023.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
4th of 6
Parking
G-70
Developer
MAG
Completed
2020
Service charge
AED 7,200 /yr
Last sold
AED 335K · December 2022
Building
MAG 555

About 404, MAG 555

404 is a one-bedroom apartment of 478 sqft on the 4th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 16 December 2022 for AED 335,000, or AED 700 per sqft, in line with the AED 710 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 30 September 2023, is AED 40,000 a year: a gross yield of 11.9% on the 2022 price, before the service charge of about AED 7,200 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical one-bed in MAG 555
400K600K2017202020232026Typical sale price by year: 2017 AED 447,746; 2018 AED 460,143; 2019 AED 488,223; 2020 AED 450,000; 2022 AED 365,000; 2023 AED 450,017; 2024 AED 450,000; 2025 AED 625,000Sold by developer, February 2020: AED 437,500 (AED 914 per sqft)Sold, December 2022: AED 335,000 (AED 700 per sqft)

404 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 404, each contractTypical one-bed in MAG 555
20K40K20192021202320252027Typical rent by year: 2019 AED 24,500; 2020 AED 24,000; 2021 AED 24,000; 2022 AED 26,000; 2023 AED 31,000; 2024 AED 40,000; 2025 AED 46,000; 2026 AED 47,000New contract, September 2021: AED 24,000 a yearNew contract, September 2023: AED 40,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 555, and where 404 sits

All 56 1-beds →

404 last sold in December 2022 at AED 700 per sqft, in line with what one-beds in MAG 555 were fetching at the time (AED 710). Over the last 12 months one-beds sold for AED 605,000, around AED 1,265 per sqft, and rent for AED 12,000 to 59,000 a year. 404's AED 40,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Feb 2026605,000
12 Jan 202612,946
30 Oct 2025610,000
31 Jul 2025680,000
3 1-bed 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 4th floor

All 129 units in MAG 555
Value
4011-bedAED 490K · Nov 2024
402StudioAED 360K · Sep 2019
403StudioAED 480K · Jan 2026
4052-bedAED 595K · Oct 2019
4061-bedAED 325K · Dec 2022
407StudioAED 355K · Oct 2017
408StudioAED 400K · Aug 2024
1–7 of 21

404, MAG 555 in numbers

  • Sold twice: first on 9 February 2020 for AED 437,500, last on 16 December 2022 for AED 335,000 (AED 700 per sqft).
  • Rented since September 2021 on 2 Ejari contracts, from AED 24,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 11.9%, before a service charge of about AED 7,200 a year (AED 14.96 per sqft).
  • One-beds in MAG 555 sold for AED 605,000–605,000 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 30 September 2023.

Questions about 404, MAG 555

What did unit 404 last sell for?

AED 335,000 on 16 December 2022: AED 700 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 437,500 in February 2020.

What is the rent for unit 404?

AED 40,000 a year on the contract signed on 30 September 2023. The previous contract, from September 2021, was AED 24,000.

How big is unit 404?

478 sqft (44.4 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 555 sold for AED 605,000 to 605,000 in the last 12 months, around AED 1,265 per sqft.

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Mortgage on 404, MAG 555

Starts from the last sale price (AED 335K, 16 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 335,000
Deposit, UAE resident (20%)
AED 67,000
Deposit, non-resident (40%)
AED 134,000
Monthly over 25 years at 3.7%
AED 1,371

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