Home
Dubai prices
About
Research
1-bed · 483 sqftMAG 555, Dubai South · 5th floor · completed 2020

506, MAG 555

Sold prices and rental history: sold 3 times, last in July 2025, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 1 July 2025
Last soldAED 600K1 July 2025
Current rentAED 50K /yr1 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, MAG 555

What is 506 worth today?

Last sold for AED 600,000 in 2025

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Jul 2025SoldReady
AED 600,000AED 1,242 per sqft
1 Mar 2025RentedNew contract
AED 50,000/yr12 months · AED 103 per sqft
25 Feb 2024RentedNew contract
AED 45,000/yr12 months · AED 93 per sqft
2 Feb 2024SoldReady
AED 450,000AED 931 per sqft
20 Jan 2023RentedRenewal
AED 30,000/yr12 months · AED 62 per sqft
20 Jan 2022RentedNew contract
AED 30,000/yr12 months · AED 62 per sqft
23 Jul 2017Sold by developerOff-plan
AED 435,600AED 901 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2025.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
5th of 6
Parking
G-46
Developer
MAG
Completed
2020
Service charge
AED 7,200 /yr
Last sold
AED 600K · July 2025
Building
MAG 555

About 506, MAG 555

506 is a one-bedroom apartment of 483 sqft on the 5th floor of MAG 555, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 July 2025 for AED 600,000, or AED 1,242 per sqft, 19% above the AED 1,048 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 March 2025, is AED 50,000 a year: a gross yield of 8.3% on the 2025 price, before the service charge of about AED 7,200 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, July 2017: AED 435,600 (AED 901 per sqft)Sold, February 2024: AED 450,000 (AED 931 per sqft)Sold, July 2025: AED 600,000 (AED 1,242 per sqft)

506 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 506, 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, January 2022: AED 30,000 a yearRenewal, January 2023: AED 30,000 a yearNew contract, February 2024: AED 45,000 a yearNew contract, March 2025: AED 50,000 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 506 sits

All 56 1-beds →

506 last sold in July 2025 at AED 1,242 per sqft, 19% above what one-beds in MAG 555 were fetching at the time (AED 1,048). 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. 506's AED 50,000 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 5th floor

All 129 units in MAG 555
Value
5011-bedAED 533K · Dec 2017
502StudioAED 360K · Sep 2017
503StudioAED 336K · Jul 2019
5041-bedAED 440K · Nov 2019
5052-bedAED 500K · Jul 2017
507StudioAED 360K · Sep 2017
508StudioAED 450K · Apr 2025
1–7 of 21

506, MAG 555 in numbers

  • Sold 3 times: first on 23 July 2017 for AED 435,600, last on 1 July 2025 for AED 600,000 (AED 1,242 per sqft).
  • Rented since January 2022 on 4 Ejari contracts, from AED 30,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2025 price is 8.3%, 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: YallaValue analysis of Dubai Land Department records. Updated 1 July 2025.

Questions about 506, MAG 555

What did unit 506 last sell for?

AED 600,000 on 1 July 2025: AED 1,242 per sqft for 483 sqft. The unit has 3 registered sales; the first was AED 435,600 in July 2017.

What is the rent for unit 506?

AED 50,000 a year on the contract signed on 1 March 2025. The previous contract, from February 2024, was AED 45,000; the unit has been rented since January 2022.

How big is unit 506?

483 sqft (44.9 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 506 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.

Selling 506? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 506, MAG 555

Starts from the last sale price (AED 600K, 1 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

Plus AED 30,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →