Unit 109, MAG 550: what it sold for and what it is worth now

Unit 109 at MAG 550 is a 1 bed of 638 sq ft. It last sold for AED 520,000 on 6 Jun 2024. At AED 1,090 per sq ft, from 3 sales in the building in the last 12 months (1 bed), it is worth about AED 695,000 today.

Value todayAED 695,000AED 674,000 to AED 706,000
Last saleAED 520,0006 Jun 2024 · Resale
Change since last sale+33.7%Building trend alone: AED 655,829
Rent (median asking, 1 bed)AED 55,000Gross yield 7.9%
Bedrooms1 bed
Size638 sq ft
Floor1 (from the unit number)
Position in the towerStack 09: units ending 09 share the same layout and view
BuildingMAG 550 by MAG Property Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 109

DatePriceSizeAED/sq ftType
6 Jun 2024AED 520,000638 sq ft815Resale

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
60931 Jan 2025AED 495,000639 sq ft775Resale
40931 Jul 2023AED 440,000638 sq ft690Resale

Latest 1 bed sales in MAG 550

UnitDatePriceSizeAED/sq ftType
6028 May 2026AED 727,000667 sq ft1,090Resale
60625 Dec 2025AED 750,000667 sq ft1,124Resale
5128 Oct 2025AED 650,000635 sq ft1,024Resale
40829 Jul 2025AED 700,000642 sq ft1,090Resale
4047 Apr 2025AED 630,000642 sq ft981Resale
60831 Jan 2025AED 645,000642 sq ft1,005Resale
60931 Jan 2025AED 495,000639 sq ft775Resale
5087 Jan 2025AED 645,000642 sq ft1,005Resale

How we worked out the value

We took the 3 sales in MAG 550 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,090). We multiplied it by the size of this unit (638 sq ft). The range uses the middle half of those sales (AED 1,057 to AED 1,107 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 655,829. Floor, view, condition and upgrades can move the price either way. Sales data to 7 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 109 at MAG 550 worth?

About AED 695,000 (range AED 674,000 to AED 706,000), based on AED 1,090 per sq ft from registered sales up to 7 Oct 2026.

When did unit 109 last sell?

6 Jun 2024, for AED 520,000 (resale). It has 1 registered sale.

What rent can unit 109 make?

A 1 bed in MAG 550 rents for about AED 55,000 a year (median asking rent). That is a gross yield of 7.9% on the estimate.

Sales alert for MAG 550All sales in MAG 550

Unit 108 · Unit 114