Building record
MAG 550 Building record · Part of MAG 5 Boulevard · prices, sales and rents
The registered record of this tower, with project context where needed.
Developer: MAG 5 Property Development
Data to 4 November 2026
- Registered sales
- 7
- Last 12 months
- Building ready median
- AED 1,035
- Per sq ft
- Project ready median
- AED 1,134
- Per sq ft
MAG 550 is a building of MAG 5 Boulevard in Dubai South. Dubai Land Department lists the project as completed on 6 February 2020. In the last 12 months, Dubai Land Department registered 7 sales in MAG 550, worth AED 6M in total. The median price of ready homes was 1,035 AED/sqft.
Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence: registered sales and new rent contracts. Medians use at least 5 transactions.
Prices in MAG 550.
Median registered price, AED per sq ft
Too few registered sales for a monthly price trend.
Project-level context
MAG 550 rents and yields.
Apartment · Studio
- Ready median price
- —
- Median yearly rent
- AED 40K
- Gross yield
- Rent only
Apartment · 1 bed
- Ready median price
- —
- Median yearly rent
- AED 51.6K
- Gross yield
- Rent only
Apartment · 2 beds
- Ready median price
- —
- Median yearly rent
- AED 67K
- Gross yield
- Rent only
Last 12 months. Medians of at least 5 registered sales or new rent contracts; the median price of all sales mixes ready and off-plan. Gross yield is the median new yearly rent over the ready median price, shown where a home type has at least 10 ready sales and 5 new rents (“rent only” otherwise), before service charges and other costs.
Sales and ready prices are this building’s. New rents are the whole project’s: Dubai Land Department rent contracts name the project, not the building. The gross yield divides the project’s rent by this building’s ready median price.
Service charges.
In the area report.
The Dubai South area report ranks the area’s projects by sales, each with its own owners’ association budget per sq ft a year where it publishes one, beside the area median by budget year.
See the Dubai South area reportThe latest registered sales in MAG 550.
| Date | Unit | Size | Price | AED/sqft |
|---|---|---|---|---|
| 26 Oct 2026 | Apartment · 2 beds · Ready | 965 sqft | AED 999,000 | 1,035 |
| 7 Oct 2026 | Apartment · 2 beds · Ready | 965 sqft | AED 999,000 | 1,035 |
| 8 May 2026 | Apartment · 1 bed · Ready | 667 sqft | AED 727,000 | 1,090 |
| 7 May 2026 | Apartment · Studio · Ready | 476 sqft | AED 430,000 | 903 |
| 25 Dec 2025 | Apartment · 1 bed · Ready | 667 sqft | AED 750,000 | 1,124 |
| 17 Dec 2025 | Apartment · 2 beds · Ready | 965 sqft | AED 1,100,000 | 1,140 |
| 15 Dec 2025 | Apartment · 2 beds · Ready | 1,005 sqft | AED 990,000 | 985 |
| 31 Oct 2025 | Apartment · Studio · Ready | 476 sqft | AED 525,000 | 1,103 |
| 8 Oct 2025 | Apartment · 1 bed · Ready | 635 sqft | AED 650,000 | 1,024 |
| 18 Sep 2025 | Apartment · Studio · Ready | 473 sqft | AED 500,000 | 1,057 |
26 Oct 2026
Apartment2 bedsReady965 sqft
AED 999,0001,035 AED/sqft
7 Oct 2026
Apartment2 bedsReady965 sqft
AED 999,0001,035 AED/sqft
8 May 2026
Apartment1 bedReady667 sqft
AED 727,0001,090 AED/sqft
7 May 2026
ApartmentStudioReady476 sqft
AED 430,000903 AED/sqft
25 Dec 2025
Apartment1 bedReady667 sqft
AED 750,0001,124 AED/sqft
17 Dec 2025
Apartment2 bedsReady965 sqft
AED 1,100,0001,140 AED/sqft
15 Dec 2025
Apartment2 bedsReady1,005 sqft
AED 990,000985 AED/sqft
31 Oct 2025
ApartmentStudioReady476 sqft
AED 525,0001,103 AED/sqft
8 Oct 2025
Apartment1 bedReady635 sqft
AED 650,0001,024 AED/sqft
18 Sep 2025
ApartmentStudioReady473 sqft
AED 500,0001,057 AED/sqft
Other towers in this project.
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Questions about MAG 550
What is the price per sq ft in MAG 550?
In the 12 months to 4 November 2026, the median registered sale price of ready homes was 1,035 AED/sqft.
How many homes were sold in MAG 550 in the last 12 months?
In the last 12 months, Dubai Land Department registered 7 sales in MAG 550, worth AED 6M in total. The median price of ready homes was 1,035 AED/sqft. Registered sales to 4 November 2026.
What is the rent in MAG 5 Boulevard?
In the 12 months to 4 November 2026, Apartment · 1 bed was the most rented home type in MAG 5 Boulevard, at a median of AED 51,600 a year over 242 new contracts.
When was MAG 550 completed?
Dubai Land Department lists the project as completed on 6 February 2020.
Where do these figures come from?
From Dubai Land Department open data, published on Dubai Data, to 4 November 2026: registered sales, new rent contracts and the project register. They are registered sales, not a valuation, and not investment advice.
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