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

Status: Ready
Developer: MAG
Location: Dubai South, Dubai
Completed: Q1 2020
Unit types: Studio, 1 Bed, 2 Beds, 3 Beds
Prices from: AED 381.0K
Median price per sq ft: AED 1,005
Median gross yield: 8.6%
Service charge: 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
Unit type	Units	Size	Median price	Median rent
Studio	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	No recent sales	–

Sale trends in MAG 550

Median sale price

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
LocationStatus and unit	PricePer sqftPer sqmt	SpecsSize and bedrooms	DateSold by
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 999,000AED 1,035 /sqftAED 11,141 /sqmt	965 sqft89.7 sqmt2 Beds	26 Oct 2026Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 999,000AED 1,035 /sqftAED 11,141 /sqmt	965 sqft89.7 sqmt2 Beds	7 Oct 2026Developer
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 727,000AED 1,090 /sqftAED 11,733 /sqmt	667 sqft62 sqmt1 Bed	8 May 2026Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 430,000AED 903 /sqftAED 9,720 /sqmt	476 sqft44.2 sqmtStudio	6 May 2026Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 750,000AED 1,124 /sqftAED 12,099 /sqmt	667 sqft62 sqmt1 Bed	25 Dec 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 1,100,000AED 1,140 /sqftAED 12,271 /sqmt	965 sqft89.7 sqmt2 Beds	17 Dec 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 990,000AED 985 /sqftAED 10,602 /sqmt	1,005 sqft93.4 sqmt2 Beds	12 Dec 2025Developer
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 525,000AED 1,103 /sqftAED 11,873 /sqmt	476 sqft44.2 sqmtStudio	31 Oct 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 650,000AED 1,024 /sqftAED 11,022 /sqmt	635 sqft59 sqmt1 Bed	8 Oct 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 500,000AED 1,057 /sqftAED 11,377 /sqmt	473 sqft43.9 sqmtStudio	18 Sept 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 700,000AED 1,090 /sqftAED 11,733 /sqmt	642 sqft59.6 sqmt1 Bed	29 Jul 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 400,000AED 840 /sqftAED 9,042 /sqmt	476 sqft44.2 sqmtStudio	4 Jun 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 630,000AED 981 /sqftAED 10,559 /sqmt	642 sqft59.6 sqmt1 Bed	7 Apr 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 465,000AED 983 /sqftAED 10,581 /sqmt	473 sqft43.9 sqmtStudio	21 Feb 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 495,000AED 775 /sqftAED 8,342 /sqmt	639 sqft59.4 sqmt1 Bed	31 Jan 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 645,000AED 1,005 /sqftAED 10,818 /sqmt	642 sqft59.6 sqmt1 Bed	31 Jan 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 645,000AED 1,005 /sqftAED 10,818 /sqmt	642 sqft59.6 sqmt1 Bed	7 Jan 2025Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 926,100AED 960 /sqftAED 10,333 /sqmt	965 sqft89.7 sqmt2 Beds	17 Dec 2024Developer
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 535,000AED 843 /sqftAED 9,074 /sqmt	635 sqft59 sqmt1 Bed	18 Sept 2024Owner
MAG 550, MAG 5 Boulevard, Dubai SouthReadyApartment	AED 600,000AED 935 /sqftAED 10,064 /sqmt	642 sqft59.6 sqmt1 Bed	10 Sept 2024Owner

MAG 550, MAG 5 Boulevard
Dubai South
AED 999K
AED 1,035 /sqftAED 11,141 /sqmt
ReadyApartment
965 sqft89.7 sqmt2 BedsOwner26 Oct 2026
MAG 550, MAG 5 Boulevard
Dubai South
AED 999K
AED 1,035 /sqftAED 11,141 /sqmt
ReadyApartment
965 sqft89.7 sqmt2 BedsDeveloper7 Oct 2026
MAG 550, MAG 5 Boulevard
Dubai South
AED 727K
AED 1,090 /sqftAED 11,733 /sqmt
ReadyApartment
667 sqft62 sqmt1 BedOwner8 May 2026
MAG 550, MAG 5 Boulevard
Dubai South
AED 430K
AED 903 /sqftAED 9,720 /sqmt
ReadyApartment
476 sqft44.2 sqmtStudioOwner6 May 2026
MAG 550, MAG 5 Boulevard
Dubai South
AED 750K
AED 1,124 /sqftAED 12,099 /sqmt
ReadyApartment
667 sqft62 sqmt1 BedOwner25 Dec 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 1.1M
AED 1,140 /sqftAED 12,271 /sqmt
ReadyApartment
965 sqft89.7 sqmt2 BedsOwner17 Dec 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 990K
AED 985 /sqftAED 10,602 /sqmt
ReadyApartment
1,005 sqft93.4 sqmt2 BedsDeveloper12 Dec 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 525K
AED 1,103 /sqftAED 11,873 /sqmt
ReadyApartment
476 sqft44.2 sqmtStudioOwner31 Oct 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 650K
AED 1,024 /sqftAED 11,022 /sqmt
ReadyApartment
635 sqft59 sqmt1 BedOwner8 Oct 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 500K
AED 1,057 /sqftAED 11,377 /sqmt
ReadyApartment
473 sqft43.9 sqmtStudioOwner18 Sept 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 700K
AED 1,090 /sqftAED 11,733 /sqmt
ReadyApartment
642 sqft59.6 sqmt1 BedOwner29 Jul 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 400K
AED 840 /sqftAED 9,042 /sqmt
ReadyApartment
476 sqft44.2 sqmtStudioOwner4 Jun 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 630K
AED 981 /sqftAED 10,559 /sqmt
ReadyApartment
642 sqft59.6 sqmt1 BedOwner7 Apr 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 465K
AED 983 /sqftAED 10,581 /sqmt
ReadyApartment
473 sqft43.9 sqmtStudioOwner21 Feb 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 495K
AED 775 /sqftAED 8,342 /sqmt
ReadyApartment
639 sqft59.4 sqmt1 BedOwner31 Jan 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 645K
AED 1,005 /sqftAED 10,818 /sqmt
ReadyApartment
642 sqft59.6 sqmt1 BedOwner31 Jan 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 645K
AED 1,005 /sqftAED 10,818 /sqmt
ReadyApartment
642 sqft59.6 sqmt1 BedOwner7 Jan 2025
MAG 550, MAG 5 Boulevard
Dubai South
AED 926.1K
AED 960 /sqftAED 10,333 /sqmt
ReadyApartment
965 sqft89.7 sqmt2 BedsDeveloper17 Dec 2024
MAG 550, MAG 5 Boulevard
Dubai South
AED 535K
AED 843 /sqftAED 9,074 /sqmt
ReadyApartment
635 sqft59 sqmt1 BedOwner18 Sept 2024
MAG 550, MAG 5 Boulevard
Dubai South
AED 600K
AED 935 /sqftAED 10,064 /sqmt
ReadyApartment
642 sqft59.6 sqmt1 BedOwner10 Sept 2024

Recent registered rent contracts in MAG 550
LocationContract and unit	Annual rentAED a year	SpecsSize and bedrooms	Contract dateStart – End
MAG 550, MAG 5 Boulevard, Dubai SouthApartmentNew contract	AED 43,000	473 sqft43.9 sqmtStudio	15 Oct 2026to14 Oct 2027
MAG 550, MAG 5 Boulevard, Dubai SouthApartmentNew contract	AED 54,000	666 sqft61.9 sqmt1 Bed	14 Oct 2026to13 Oct 2027
MAG 550, MAG 5 Boulevard, Dubai SouthApartmentRenewal	AED 37,000	476 sqft44.2 sqmtStudio	10 Oct 2026to9 Oct 2027

MAG 550, MAG 5 Boulevard
Dubai South
AED 43K/yr
ApartmentNew contract
473 sqft43.9 sqmtStudio15 Oct 2026to14 Oct 2027
MAG 550, MAG 5 Boulevard
Dubai South
AED 54K/yr
ApartmentNew contract
666 sqft61.9 sqmt1 Bed14 Oct 2026to13 Oct 2027
MAG 550, MAG 5 Boulevard
Dubai South
AED 37K/yr
ApartmentRenewal
476 sqft44.2 sqmtStudio10 Oct 2026to9 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
Unit type	Rate per sq ft	Size	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