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1-bed · 483 sqftMAG 555, Dubai South · 4th floor · completed 2020

406, MAG 555

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 325K14 December 2022
Current rentAED 38K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, MAG 555

What is 406 worth today?

Last sold for AED 325,000 in 2022

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1 Apr 2024RentedRenewal
AED 38,000/yr12 months · AED 78 per sqft
1 Apr 2023RentedNew contract
AED 38,000/yr12 months · AED 78 per sqft
14 Dec 2022SoldReady
AED 325,000AED 672 per sqft
30 Oct 2021RentedNew contract
AED 23,000/yr12 months · AED 48 per sqft
2 Aug 2020RentedNew contract
AED 22,000/yr12 months · AED 45 per sqft
9 Feb 2020Sold by developerReady
AED 443,500AED 918 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
4th of 6
Parking
G-33
Developer
MAG
Completed
2020
Service charge
AED 7,200 /yr
Last sold
AED 325K · December 2022
Building
MAG 555

About 406, MAG 555

406 is a one-bedroom apartment of 483 sqft on the 4th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 14 December 2022 for AED 325,000, or AED 672 per sqft, 6% below the AED 712 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 38,000 a year: a gross yield of 11.7% on the 2022 price, before the service charge of about AED 7,200 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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 443,500 (AED 918 per sqft)Sold, December 2022: AED 325,000 (AED 672 per sqft)

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

Rents
Unit 406, 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, August 2020: AED 22,000 a yearNew contract, October 2021: AED 23,000 a yearNew contract, April 2023: AED 38,000 a yearRenewal, April 2024: AED 38,000 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 406 sits

All 56 1-beds →

406 last sold in December 2022 at AED 672 per sqft, 6% below what one-beds in MAG 555 were fetching at the time (AED 712). 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. 406's AED 38,000 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
4041-bedAED 335K · Dec 2022
4052-bedAED 595K · Oct 2019
407StudioAED 355K · Oct 2017
408StudioAED 400K · Aug 2024
1–7 of 21

406, MAG 555 in numbers

  • Sold twice: first on 9 February 2020 for AED 443,500, last on 14 December 2022 for AED 325,000 (AED 672 per sqft).
  • Rented since August 2020 on 4 Ejari contracts, from AED 22,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2022 price is 11.7%, 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 1 April 2024.

Questions about 406, MAG 555

What did unit 406 last sell for?

AED 325,000 on 14 December 2022: AED 672 per sqft for 483 sqft. The unit has 2 registered sales; the first was AED 443,500 in February 2020.

What is the rent for unit 406?

AED 38,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 38,000; the unit has been rented since August 2020.

How big is unit 406?

483 sqft (44.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 406 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 406, MAG 555

Starts from the last sale price (AED 325K, 14 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

Plus AED 16,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →