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Studio · 387 sqftMAG 555, Dubai South · 4th floor · completed 2020

407, MAG 555

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

Unit 407 · DLD and Ejari recordsUpdated 3 October 2025
Last soldAED 355K19 October 2017
Current rentAED 45K /yr3 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, MAG 555

What is 407 worth today?

Last sold for AED 355,000 in 2017

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3 Oct 2025RentedNew contract
AED 45,000/yr12 months · AED 116 per sqft
25 Apr 2024RentedNew contract
AED 35,000/yr12 months · AED 90 per sqft
1 Apr 2023RentedRenewal
AED 21,000/yr12 months · AED 54 per sqft
29 Oct 2021RentedRenewal
AED 18,000/yr12 months · AED 46 per sqft
29 Oct 2020RentedRenewal
AED 18,000/yr12 months · AED 46 per sqft
19 Oct 2017Sold by developerOff-plan
AED 355,000AED 917 per sqft

Source: Dubai Land Department. Updated 3 October 2025.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
4th of 6
Parking
G-73
Developer
MAG
Completed
2020
Service charge
AED 5,800 /yr
Last sold
AED 355K · October 2017
Building
MAG 555

About 407, MAG 555

407 is a studio of 387 sqft on the 4th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 October 2017 for AED 355,000, or AED 917 per sqft, in line with the AED 917 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 3 October 2025, is AED 45,000 a year: a gross yield of 12.7% on the 2017 price, before the service charge of about AED 5,800 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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, October 2017: AED 355,000 (AED 917 per sqft)

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

Rents
Unit 407, 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 43,750Renewal, October 2020: AED 18,000 a yearRenewal, October 2021: AED 18,000 a yearRenewal, April 2023: AED 21,000 a yearNew contract, April 2024: AED 35,000 a yearNew contract, October 2025: AED 45,000 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 407 sits

All 58 studios →

407 last sold in October 2017 at AED 917 per sqft, in line with 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. 407's AED 45,000 is at the top 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 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
4061-bedAED 325K · Dec 2022
408StudioAED 400K · Aug 2024
1–7 of 21

407, MAG 555 in numbers

  • Sold once: by MAG on 19 October 2017 for AED 355,000, or AED 917 per sqft.
  • Rented since October 2020 on 5 Ejari contracts, from AED 18,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2017 price is 12.7%, before a service charge of about AED 5,800 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 3 October 2025.

Questions about 407, MAG 555

What did unit 407 last sell for?

AED 355,000 on 19 October 2017, sold by the developer: AED 917 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 45,000 a year on the contract signed on 3 October 2025. The previous contract, from April 2024, was AED 35,000; the unit has been rented since October 2020.

How big is unit 407?

387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 407 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 407, MAG 555

Starts from the last sale price (AED 355K, 19 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

Plus AED 17,820 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →