Unit 503, MAG 550: what it sold for and what it is worth now

Unit 503 at MAG 550 is a studio of 476 sq ft. It last sold for AED 525,000 on 31 Oct 2025. At AED 903 per sq ft, from 3 sales of units ending 03 (same position in the tower), it is worth about AED 430,000 today.

Value todayAED 430,000AED 415,000 to AED 478,000
Last saleAED 525,00031 Oct 2025 · Resale
Change since last sale-18.1%Building trend alone: AED 519,564
Bedroomsstudio
Size476 sq ft
Floor5 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingMAG 550 by MAG Property Development, handed over 2019
Registered sales of this unit2

Every registered sale of unit 503

DatePriceSizeAED/sq ftType
31 Oct 2025AED 525,000476 sq ft1,103Resale
4 Jun 2025AED 400,000476 sq ft840Resale

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
6036 May 2026AED 430,000476 sq ft903Resale
2033 Jun 2024AED 415,000476 sq ft872Resale
60323 Jan 2024AED 375,000476 sq ft788Resale
40326 Sep 2022AED 312,700476 sq ft657Resale
60311 Mar 2022AED 300,000476 sq ft630Resale

Latest studio sales in MAG 550

UnitDatePriceSizeAED/sq ftType
6036 May 2026AED 430,000476 sq ft903Resale
30718 Sep 2025AED 500,000473 sq ft1,057Resale
60721 Feb 2025AED 465,000473 sq ft983Resale
2033 Jun 2024AED 415,000476 sq ft872Resale
20710 May 2024AED 390,000473 sq ft825Resale
60323 Jan 2024AED 375,000476 sq ft788Resale
3078 Jun 2023AED 310,000473 sq ft655Resale
40714 Oct 2022AED 312,000473 sq ft660Resale

How we worked out the value

We took the 3 resale sales of units ending 03 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 903). We multiplied it by the size of this unit (476 sq ft). The range uses the middle half of those sales (AED 872 to AED 1,003 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 519,564. 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 503 at MAG 550 worth?

About AED 430,000 (range AED 415,000 to AED 478,000), based on AED 903 per sq ft from registered sales up to 7 Oct 2026.

When did unit 503 last sell?

31 Oct 2025, for AED 525,000 (resale). It has 2 registered sales.

Sales alert for MAG 550All sales in MAG 550

Unit 501 · Unit 504