Unit 508 at MAG 550 is a 1 bed of 642 sq ft. It last sold for AED 645,000 on 7 Jan 2025. At AED 1,005 per sq ft, from 3 sales of units ending 08 (same position in the tower), it is worth about AED 645,000 today.
| Bedrooms | 1 bed |
|---|---|
| Size | 642 sq ft |
| Floor | 5 (from the unit number) |
| Position in the tower | Stack 08: units ending 08 share the same layout and view |
| Building | MAG 550 by MAG Property Development, handed over 2019 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 7 Jan 2025 | AED 645,000 | 642 sq ft | 1,005 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 408 | 29 Jul 2025 | AED 700,000 | 642 sq ft | 1,090 | Resale |
| 608 | 31 Jan 2025 | AED 645,000 | 642 sq ft | 1,005 | Resale |
| 208 | 4 Jul 2024 | AED 550,000 | 642 sq ft | 857 | Resale |
| 108 | 16 May 2024 | AED 550,000 | 642 sq ft | 857 | Resale |
| 308 | 3 May 2024 | AED 530,000 | 642 sq ft | 826 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 602 | 8 May 2026 | AED 727,000 | 667 sq ft | 1,090 | Resale |
| 606 | 25 Dec 2025 | AED 750,000 | 667 sq ft | 1,124 | Resale |
| 512 | 8 Oct 2025 | AED 650,000 | 635 sq ft | 1,024 | Resale |
| 408 | 29 Jul 2025 | AED 700,000 | 642 sq ft | 1,090 | Resale |
| 404 | 7 Apr 2025 | AED 630,000 | 642 sq ft | 981 | Resale |
| 608 | 31 Jan 2025 | AED 645,000 | 642 sq ft | 1,005 | Resale |
| 609 | 31 Jan 2025 | AED 495,000 | 639 sq ft | 775 | Resale |
| 312 | 18 Sep 2024 | AED 535,000 | 635 sq ft | 843 | Resale |
We took the 3 resale sales of units ending 08 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,005). We multiplied it by the size of this unit (642 sq ft). The range uses the middle half of those sales (AED 1,005 to AED 1,048 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 714,586. Floor, view, condition and upgrades can move the price either way. Sales data to 7 Oct 2026, from the Dubai Land Department register.
About AED 645,000 (range AED 645,000 to AED 673,000), based on AED 1,005 per sq ft from registered sales up to 7 Oct 2026.
7 Jan 2025, for AED 645,000 (resale). It has 1 registered sale.
A 1 bed in MAG 550 rents for about AED 55,000 a year (median asking rent). That is a gross yield of 8.5% on the estimate.