Unit 513, MAG 550: what it sold for and what it is worth now

Unit 513 at MAG 550 is a 2 bed of 965 sq ft. It last sold for AED 685,000 on 3 Feb 2023. At AED 1,035 per sq ft, from 3 sales in the building in the last 12 months (2 bed), it is worth about AED 999,000 today.

Value todayAED 999,000AED 975,000 to AED 1,050,000
Last saleAED 685,0003 Feb 2023 · Resale
Change since last sale+45.8%Building trend alone: AED 1,055,422
Rent (median asking, 2 bed)AED 75,000Gross yield 7.5%
Bedrooms2 bed
Size965 sq ft
Floor5 (from the unit number)
Position in the towerStack 13: units ending 13 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 513

DatePriceSizeAED/sq ftType
3 Feb 2023AED 685,000965 sq ft710Resale

Units ending 13 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
31310 Jun 2024AED 905,000965 sq ft938Resale
61324 May 2022AED 885,329965 sq ft917Resale

Latest 2 bed sales in MAG 550

UnitDatePriceSizeAED/sq ftType
6147 Oct 2026AED 999,000965 sq ft1,035Resale
31417 Dec 2025AED 1,100,000965 sq ft1,140Resale
20512 Dec 2025AED 990,0001,005 sq ft985Resale
21417 Dec 2024AED 926,100965 sq ft960Resale
51422 Aug 2024AED 925,000965 sq ft959Resale
11410 Jun 2024AED 905,000965 sq ft938Resale
31310 Jun 2024AED 905,000965 sq ft938Resale
10522 Jun 2023AED 715,9201,005 sq ft712Resale

How we worked out the value

We took the 3 sales in MAG 550 in the last 12 months (2 bed), worked out the price per sq ft of each, and used the middle value (AED 1,035). We multiplied it by the size of this unit (965 sq ft). The range uses the middle half of those sales (AED 1,010 to AED 1,088 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,055,422. 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 513 at MAG 550 worth?

About AED 999,000 (range AED 975,000 to AED 1,050,000), based on AED 1,035 per sq ft from registered sales up to 7 Oct 2026.

When did unit 513 last sell?

3 Feb 2023, for AED 685,000 (resale). It has 1 registered sale.

What rent can unit 513 make?

A 2 bed in MAG 550 rents for about AED 75,000 a year (median asking rent). That is a gross yield of 7.5% on the estimate.

Sales alert for MAG 550All sales in MAG 550

Unit 512 · Unit 514