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Studio · 410 sqftMAG 555, Dubai South · 4th floor · completed 2020

416, MAG 555

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 416 · DLD and Ejari recordsUpdated 10 April 2025
Last soldAED 372K14 March 2024
Current rentAED 45K /yr10 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 416, MAG 555

What is 416 worth today?

Last sold for AED 372,000 in 2024

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10 Apr 2025RentedNew contract
AED 45,000/yr12 months · AED 110 per sqft
1 Apr 2024RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
14 Mar 2024SoldReady
AED 372,000AED 906 per sqft
15 May 2023RentedNew contract
AED 25,500/yr12 months · AED 62 per sqft
15 May 2022RentedNew contract
AED 20,500/yr12 months · AED 50 per sqft
1 Mar 2021RentedRenewal
AED 18,500/yr12 months · AED 45 per sqft
1 Feb 2020RentedNew contract
AED 20,000/yr13 months · AED 49 per sqft
4 Oct 2017Sold by developerOff-plan
AED 372,000AED 906 per sqft

Source: Dubai Land Department. Updated 10 April 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
4th of 6
Parking
G-82
Developer
MAG
Completed
2020
Service charge
AED 6,100 /yr
Last sold
AED 372K · March 2024
Building
MAG 555

About 416, MAG 555

416 is a studio of 410 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 March 2024 for AED 372,000, or AED 906 per sqft, 10% above the AED 825 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 10 April 2025, is AED 45,000 a year: a gross yield of 12.1% on the 2024 price, before the service charge of about AED 6,100 a year.

Sales and rents for 416 over time

Sales
Unit 416, 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 372,000 (AED 906 per sqft)Sold, March 2024: AED 372,000 (AED 906 per sqft)

416 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 416, 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 20,000 a yearRenewal, March 2021: AED 18,500 a yearNew contract, May 2022: AED 20,500 a yearNew contract, May 2023: AED 25,500 a yearNew contract, April 2024: AED 36,000 a yearNew contract, April 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 416 sits

All 58 studios →

416 last sold in March 2024 at AED 906 per sqft, 10% above what studios in MAG 555 were fetching at the time (AED 825). 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. 416'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
407StudioAED 355K · Oct 2017
1–7 of 21

416, MAG 555 in numbers

  • Sold twice: first on 4 October 2017 for AED 372,000, last on 14 March 2024 for AED 372,000 (AED 906 per sqft).
  • Rented since February 2020 on 6 Ejari contracts, from AED 20,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 price is 12.1%, 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 10 April 2025.

Questions about 416, MAG 555

What did unit 416 last sell for?

AED 372,000 on 14 March 2024: AED 906 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 372,000 in October 2017.

What is the rent for unit 416?

AED 45,000 a year on the contract signed on 10 April 2025. The previous contract, from April 2024, was AED 36,000; the unit has been rented since February 2020.

How big is unit 416?

410 sqft (38.1 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 416 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 416, MAG 555

Starts from the last sale price (AED 372K, 14 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 372,000
Deposit, UAE resident (20%)
AED 74,400
Deposit, non-resident (40%)
AED 148,800
Monthly over 25 years at 3.7%
AED 1,522

Plus AED 18,534 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →