Ready building · MAG

MAG 550, Dubai South

Name: Registered property sales in MAG 550
Creator: Dubai Land Department

Highlights

MAG 550 at a glance

About MAG 550

MAG 550 is a residential building in Dubai South, Dubai, developed by MAG. It holds about 86 units: studios, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments.

The building was completed in 2020 and has been in use for about 6 years. 7 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,005 per sq ft.

In a nutshell

A residential ready building
Located in Dubai South, Dubai
Developed by MAG
Completed in Q1 2020
Unit types: Studio, 1 Bed, 2 Beds, 3 Beds
Sizes from 470 to 2,520 sq ft
Service charge from AED 17.84 per sq ft
Expo 2020 metro station 7.7 km away

الحالة: جاهز
المطور: MAG
الموقع: Dubai South, Dubai
مكتمل: Q1 2020
أنواع الوحدات: Studio, 1 Bed, 2 Beds, 3 Beds
Prices from: AED 381.0K
متوسط السعر لكل sq ft: AED 1,005
Median gross yield: 8.6%
رسوم الخدمات: AED 17.84 per sq ft (2026)
Nearest metro: Expo 2020, 7.7 km

Photos of MAG 550

Building details

Inside MAG 550

Properties in MAG 550

Studios in MAG 550

There are about 12 of these in MAG 550, from 470 to 480 sq ft. They have recently sold for a median of AED 430.0K, or AED 900 per sq ft.

1-bedroom apartments in MAG 550

There are about 48 of these in MAG 550, from 630 to 670 sq ft. They have recently sold for a median of AED 739.0K, or AED 1,110 per sq ft. Owners who resold made a median 14% over what they paid.

2-bedroom apartments in MAG 550

There are about 24 of these in MAG 550, from 970 to 1,040 sq ft. They have recently sold for a median of AED 999.0K, or AED 1,040 per sq ft.

3-bedroom apartments in MAG 550

There are about 2 of these in MAG 550, from 2,520 sq ft. None has sold recently enough to quote a price.

Unit types in MAG 550 with sizes, median prices and rents
نوع الوحدة	الوحدات	المساحة	السعر الوسيط	Median rent
استوديو	12	470 sqft43.7 sqmt – 480 sqft44.6 sqmt	AED 430K	AED 40K
1 Bed	48	630 sqft58.5 sqmt – 670 sqft62.2 sqmt	AED 739K	AED 54K
2 Beds	24	970 sqft90.1 sqmt – 1,040 sqft96.6 sqmt	AED 999K	–
3 Beds	2	2,520 sqft234.1 sqmt	لا توجد مبيعات حديثة	–

Sale trends in MAG 550

سعر البيع الوسيط

AED 645K

Median per sq ft

AED 1,005

Median gross yield

8.6%

Price ranges from the most recent registered sales, by unit type:

1-bedroom apartments: AED 495.0K to AED 750.0K (635 to 667 sq ft), across 10 sales
2-bedroom apartments: AED 926.1K to AED 1.1M (965 to 1,005 sq ft), across 5 sales
Studios: AED 400.0K to AED 525.0K (473 to 476 sq ft), across 5 sales

Rental trends in MAG 550

Studio homes in MAG 550 were let for AED 37.0K to AED 43.0K a year across 2 recent contracts, with a median of AED 40.0K.

Yearly rents from recent registered contracts, by unit type:

Studios: AED 37.0K to AED 43.0K a year (473 to 476 sq ft), across 2 contracts
1-bedroom apartments: AED 54.0K a year (666 sq ft)

Recent transactions in MAG 550

Recent registered sales in MAG 550
الموقعالحالة والوحدة	السعرPer sqftPer sqmt	المواصفاتالمساحة وغرف النوم	التاريختم البيع بواسطة
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 999,000AED 1,035 /sqftAED 11,141 /sqmt	965 sqft89.7 sqmt2 Beds	26 Oct 2026المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 999,000AED 1,035 /sqftAED 11,141 /sqmt	965 sqft89.7 sqmt2 Beds	7 Oct 2026المطور
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 727,000AED 1,090 /sqftAED 11,733 /sqmt	667 sqft62 sqmt1 Bed	8 May 2026المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 430,000AED 903 /sqftAED 9,720 /sqmt	476 sqft44.2 sqmtاستوديو	6 May 2026المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 750,000AED 1,124 /sqftAED 12,099 /sqmt	667 sqft62 sqmt1 Bed	25 Dec 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 1,100,000AED 1,140 /sqftAED 12,271 /sqmt	965 sqft89.7 sqmt2 Beds	17 Dec 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 990,000AED 985 /sqftAED 10,602 /sqmt	1,005 sqft93.4 sqmt2 Beds	12 Dec 2025المطور
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 525,000AED 1,103 /sqftAED 11,873 /sqmt	476 sqft44.2 sqmtاستوديو	31 Oct 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 650,000AED 1,024 /sqftAED 11,022 /sqmt	635 sqft59 sqmt1 Bed	8 Oct 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 500,000AED 1,057 /sqftAED 11,377 /sqmt	473 sqft43.9 sqmtاستوديو	18 Sept 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 700,000AED 1,090 /sqftAED 11,733 /sqmt	642 sqft59.6 sqmt1 Bed	29 Jul 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 400,000AED 840 /sqftAED 9,042 /sqmt	476 sqft44.2 sqmtاستوديو	4 Jun 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 630,000AED 981 /sqftAED 10,559 /sqmt	642 sqft59.6 sqmt1 Bed	7 Apr 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 465,000AED 983 /sqftAED 10,581 /sqmt	473 sqft43.9 sqmtاستوديو	21 Feb 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 645,000AED 1,005 /sqftAED 10,818 /sqmt	642 sqft59.6 sqmt1 Bed	31 Jan 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 495,000AED 775 /sqftAED 8,342 /sqmt	639 sqft59.4 sqmt1 Bed	31 Jan 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 645,000AED 1,005 /sqftAED 10,818 /sqmt	642 sqft59.6 sqmt1 Bed	7 Jan 2025المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 926,100AED 960 /sqftAED 10,333 /sqmt	965 sqft89.7 sqmt2 Beds	17 Dec 2024المطور
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 535,000AED 843 /sqftAED 9,074 /sqmt	635 sqft59 sqmt1 Bed	18 Sept 2024المالك
MAG 550, MAG 5 Boulevard, دبي الجنوبجاهزشقة	AED 600,000AED 935 /sqftAED 10,064 /sqmt	642 sqft59.6 sqmt1 Bed	10 Sept 2024المالك

MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 999K
AED 1,035 /sqftAED 11,141 /sqmt
جاهزشقة
965 sqft89.7 sqmt2 Bedsالمالك26 Oct 2026
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 999K
AED 1,035 /sqftAED 11,141 /sqmt
جاهزشقة
965 sqft89.7 sqmt2 Bedsالمطور7 Oct 2026
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 727K
AED 1,090 /sqftAED 11,733 /sqmt
جاهزشقة
667 sqft62 sqmt1 Bedالمالك8 May 2026
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 430K
AED 903 /sqftAED 9,720 /sqmt
جاهزشقة
476 sqft44.2 sqmtاستوديوالمالك6 May 2026
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 750K
AED 1,124 /sqftAED 12,099 /sqmt
جاهزشقة
667 sqft62 sqmt1 Bedالمالك25 Dec 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 1.1M
AED 1,140 /sqftAED 12,271 /sqmt
جاهزشقة
965 sqft89.7 sqmt2 Bedsالمالك17 Dec 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 990K
AED 985 /sqftAED 10,602 /sqmt
جاهزشقة
1,005 sqft93.4 sqmt2 Bedsالمطور12 Dec 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 525K
AED 1,103 /sqftAED 11,873 /sqmt
جاهزشقة
476 sqft44.2 sqmtاستوديوالمالك31 Oct 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 650K
AED 1,024 /sqftAED 11,022 /sqmt
جاهزشقة
635 sqft59 sqmt1 Bedالمالك8 Oct 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 500K
AED 1,057 /sqftAED 11,377 /sqmt
جاهزشقة
473 sqft43.9 sqmtاستوديوالمالك18 Sept 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 700K
AED 1,090 /sqftAED 11,733 /sqmt
جاهزشقة
642 sqft59.6 sqmt1 Bedالمالك29 Jul 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 400K
AED 840 /sqftAED 9,042 /sqmt
جاهزشقة
476 sqft44.2 sqmtاستوديوالمالك4 Jun 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 630K
AED 981 /sqftAED 10,559 /sqmt
جاهزشقة
642 sqft59.6 sqmt1 Bedالمالك7 Apr 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 465K
AED 983 /sqftAED 10,581 /sqmt
جاهزشقة
473 sqft43.9 sqmtاستوديوالمالك21 Feb 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 645K
AED 1,005 /sqftAED 10,818 /sqmt
جاهزشقة
642 sqft59.6 sqmt1 Bedالمالك31 Jan 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 495K
AED 775 /sqftAED 8,342 /sqmt
جاهزشقة
639 sqft59.4 sqmt1 Bedالمالك31 Jan 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 645K
AED 1,005 /sqftAED 10,818 /sqmt
جاهزشقة
642 sqft59.6 sqmt1 Bedالمالك7 Jan 2025
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 926.1K
AED 960 /sqftAED 10,333 /sqmt
جاهزشقة
965 sqft89.7 sqmt2 Bedsالمطور17 Dec 2024
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 535K
AED 843 /sqftAED 9,074 /sqmt
جاهزشقة
635 sqft59 sqmt1 Bedالمالك18 Sept 2024
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 600K
AED 935 /sqftAED 10,064 /sqmt
جاهزشقة
642 sqft59.6 sqmt1 Bedالمالك10 Sept 2024

Recent registered rent contracts in MAG 550
الموقعالعقد والوحدة	الإيجار السنويAED سنوياً	المواصفاتالمساحة وغرف النوم	تاريخ العقدالبداية – النهاية
MAG 550, MAG 5 Boulevard, دبي الجنوبشقةعقد جديد	AED 43,000	473 sqft43.9 sqmtاستوديو	15 Oct 2026إلى14 Oct 2027
MAG 550, MAG 5 Boulevard, دبي الجنوبشقةعقد جديد	AED 54,000	666 sqft61.9 sqmt1 Bed	14 Oct 2026إلى13 Oct 2027
MAG 550, MAG 5 Boulevard, دبي الجنوبشقةتجديد	AED 37,000	476 sqft44.2 sqmtاستوديو	10 Oct 2026إلى9 Oct 2027

MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 43K/yr
شقةعقد جديد
473 sqft43.9 sqmtاستوديو15 Oct 2026إلى14 Oct 2027
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 54K/yr
شقةعقد جديد
666 sqft61.9 sqmt1 Bed14 Oct 2026إلى13 Oct 2027
MAG 550, MAG 5 Boulevard
دبي الجنوب
AED 37K/yr
شقةتجديد
476 sqft44.2 sqmtاستوديو10 Oct 2026إلى9 Oct 2027

Every sale in MAG 550 Every rent contract in MAG 550

Service charges in MAG 550

The 2026 service charge in MAG 550 is AED 17.84 per sq ft for homes. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in MAG 550
نوع الوحدة	Rate per sq ft	المساحة	Yearly charge
1 Bed Apartment (2026)	AED 17.84	630 sqft58.5 sqmt – 670 sqft62.2 sqmt	AED 11,239 – AED 11,953
2 Beds Apartment (2026)	AED 17.84	970 sqft90.1 sqmt – 1,040 sqft96.6 sqmt	AED 17,305 – AED 18,554
3 Beds Apartment (2026)	AED 17.84	2,520 sqft234.1 sqmt	AED 44,957 – AED 44,957
Studio Apartment (2026)	AED 17.84	470 sqft43.7 sqmt – 480 sqft44.6 sqmt	AED 8,385 – AED 8,563

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around MAG 550

Transportation near MAG 550

The nearest Dubai Metro station from MAG 550 is Expo 2020 (red line, 7.7 km, about 17 min drive). Most residents will drive or take a taxi to the metro.

Expo 2020Red line · 7.7 km · about 17 min drive

Schools near MAG 550

The nearest is GEMS Founders School DS DWC-LLC, 1.3 km away. Ratings are the KHDA's latest inspection grades.

GEMS Founders School DS DWC-LLCUK · KHDA: Not inspected yet · 1.3 km
Greenfield International SchoolInternational Baccalaureate · KHDA: Very good · 6.1 km
South View School L.L.CUK · KHDA: Good · 7.8 km

Things to consider about MAG 550

In its favour

Owners who resold have made money: a median gain of up to 14%.
A median gross yield of 8.6% on recent sales.
Ready to move into or let, with no construction risk.
Several schools within 3 km.

Worth checking

Few sales each year, so a resale can take longer and prices move on a handful of deals.
The nearest running metro station is 7.7 km away, so a car helps.

Specialists