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Studio · 360 sqftMAG 555, Dubai South · 4th floor · completed 2020

422, MAG 555

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

Unit 422 · DLD and Ejari recordsUpdated 27 May 2025
Last soldAED 380K12 June 2024
Current rentAED 42K /yr27 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 422, MAG 555

What is 422 worth today?

Last sold for AED 380,000 in 2024

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27 May 2025RentedNew contract
AED 42,000/yr12 months · AED 118 per sqft
5 Aug 2024RentedNew contract
AED 36,000/yr12 months · AED 101 per sqft
12 Jun 2024SoldReady
AED 380,000AED 1,055 per sqft
1 Jul 2020RentedNew contract
AED 18,000/yr12 months · AED 51 per sqft
26 Jun 2020RentedNew contract
AED 19,000/yr12 months · AED 53 per sqft
20 Feb 2019Sold by developerOff-plan
AED 327,500AED 909 per sqft

Source: Dubai Land Department. Updated 27 May 2025.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
4th of 6
Parking
G-88
Developer
MAG
Completed
2020
Service charge
AED 5,400 /yr
Last sold
AED 380K · June 2024
Building
MAG 555

About 422, MAG 555

422 is a studio of 360 sqft on the 4th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 12 June 2024 for AED 380,000, or AED 1,055 per sqft, 5% above the AED 1,000 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 27 May 2025, is AED 42,000 a year: a gross yield of 11.1% on the 2024 price, before the service charge of about AED 5,400 a year.

Sales and rents for 422 over time

Sales
Unit 422, 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, February 2019: AED 327,500 (AED 909 per sqft)Sold, June 2024: AED 380,000 (AED 1,055 per sqft)

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

Rents
Unit 422, 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, June 2020: AED 19,000 a yearNew contract, July 2020: AED 18,000 a yearNew contract, August 2024: AED 36,000 a yearNew contract, May 2025: AED 42,000 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 422 sits

All 58 studios →

422 last sold in June 2024 at AED 1,055 per sqft, 5% above what studios in MAG 555 were fetching at the time (AED 1,000). 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. 422's AED 42,000 is in the upper half 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

422, MAG 555 in numbers

  • Sold twice: first on 20 February 2019 for AED 327,500, last on 12 June 2024 for AED 380,000 (AED 1,055 per sqft).
  • Rented since June 2020 on 4 Ejari contracts, from AED 19,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2024 price is 11.1%, before a service charge of about AED 5,400 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 27 May 2025.

Questions about 422, MAG 555

What did unit 422 last sell for?

AED 380,000 on 12 June 2024: AED 1,055 per sqft for 360 sqft. The unit has 2 registered sales; the first was AED 327,500 in February 2019.

What is the rent for unit 422?

AED 42,000 a year on the contract signed on 27 May 2025. The previous contract, from August 2024, was AED 36,000; the unit has been rented since June 2020.

How big is unit 422?

360 sqft (33.4 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 422 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 422, MAG 555

Starts from the last sale price (AED 380K, 12 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

Plus AED 18,870 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →