MAG 550
A 1 bed in MAG 550 costs a median AED 645,000, rents long-let for AED 50,000/yr (7.14% gross), and returns 13.98% short-let at the assumed 80% occupancy — -0.6 pts vs Dubai South's 7.69% and +0.2 pts vs Dubai's 6.97% — from 10 sales and 530 rental contracts registered in the last 24 months through 26 Aug 2026.
- Registered data
- Sales · 1 bed
- 3 in 12 months
- Rental contracts · 1 bed
- 256 in 12 months
- Buy
- 645,000AED
- AED 1,004/sqft
- Long-let
- 7.14%
- AED 50,000/yr
- Short-let
- 13.98%
- AED 409/night · 0.64/sqft
Priced off the last 5 sales — most recent May 2026.
- Yield spread
- -0.6 pts
- vs the Dubai South median for this unit type
- Turnover upside
- +13.6%
- new tenants pay more than sitting ones — 465 renewals
- AED/yr/sqft
- AED 87
- Sales
- 10
- Rental contracts
- 530
- Renewal rent
- AED 44,000/yr
- 12 months
- +11.1%
Based on 10 sales and 530 rental contracts in the last 24 months. Rental data covers the whole MAG 5 Boulevard project, not this tower alone.
MAG 550 is an apartment building in Dubai South, Dubai, one of the towers in the MAG 5 Boulevard development. The nearest landmark Expo 2020 Site. Land Department records for it run from 2016 to 2026, 228 registered sales in all — the 10 in the last 24 months are what every median above is computed from.
Price history
Every recorded sale in MAG 550, by year.
Chart data: Apr 2016, 958 AED/sqft; latest, May 2026, 1060 AED/sqft; peak, Sep 2025, 1063 AED/sqft.
Yield by bedroom type
Deltas compare each yield with the Dubai South median for the same unit type. How these yields are computed
How these yields are computed
Short-let rates around MAG 550
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
How short-let rates are measured
Net revenue assumes 80% occupancy — an assumption, not a measurement.
What the net revenue deducts
Off-plan vs resale
Units sold off-plan in MAG 550 between 2016 and 2019 went for a median of AED 829/sqft (AED 529,573). The same building resells today at AED 995/sqft (AED 637,500) — an uplift of +20.4%.
Based on 64 off-plan sales across the building's full history.
Why this uses the full history
Recent transactions
As filed with the Land Department — data to 2026-08-26.
8 resales in the last 12 months, against 13 a year on average over 2023–2025.
Sales
Nothing registered in the last 3 months. Try a wider window.
Rental contracts
The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.
Nearby
- Landmark
- Expo 2020 Site
Compare with nearby buildings
The most-traded buildings in MAG 5 Boulevard, on the same figures over the same window.
- Highest rental yields in Dubai South · MAG 550 places 19th of 36
Common questions
- What is the rental yield in MAG 550?
- MAG 550 returns 7.14% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 530 rental contracts registered in the last 24 months.
- How much does a 1 bedroom in MAG 550 cost?
- The median registered sale price is AED 645,000 (1,004 AED/sqft), from 10 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
- Have prices in MAG 550 risen or fallen?
- Median price per square foot moved +11.1% over the last 12 months against the 12 before it, on 10 registered sales. On a sample this size, read the direction rather than the exact figure.
- How does MAG 550 compare with Dubai South?
- Its 7.14% gross yield sits -0.6 pts against the Dubai South median of 7.69%, computed at the same bedroom grain over the same 24-month window.
- Does MAG 550 earn more short-let than long-let?
- A night asks a median of AED 409, which models to 13.98% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities — against 7.14% gross on the registered long lease. Nightly rates are asking rates sampled across the next 12 months, not registered income.
MAG 550 sale record
- Record type
- Building-level property market record
- Data date
- Evidence base
- 10 registered sales in the trailing 24 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
- Canonical record
- /sale/apartments/dubai/dubai-south/mag-550
Cite as: Dubai Wealth Index. “MAG 550 sale prices and yield.” Dubai South, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/sale/apartments/dubai/dubai-south/mag-550.
Stable dataJSON
Where this data stops
Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.