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Dubai South

MAG 550

ماج 550

115 sales recorded by the Land Department between 2016 and 2026, in Dubai South · part of Mag 5 Boulevard by MAG 5 PROPERTY DEVELOPMENT L.L.C.

Dubai Land Department data shows the typical sale price (the median, ready and off-plan homes together) in MAG 550 was AED 1,062/sqft over the 12 months to 7 October 2026, from 8 sales recorded.

Typical price, last 12 months

AED 1,062/sqft

12 months to 7 October 2026 · AED 830/sqft across the whole record since 2016

Sales, 12 months to 7 October 2026

8

115 since 2016

Completed homes vs Dubai South

-5%

8 resales here against AED 1,118/sqft across 1,222 in Dubai South, same year

Sold before completion

56%

Share of sales recorded as off-plan

Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.

What each size has sold for

Typical prices by the number of bedrooms on the sale record.

SizeTypical priceTypical floor areaPer sqftSales
studioAED 385,555475 sqftAED 811/sqft24
1-bedAED 535,555639 sqftAED 835/sqft73
2-bedAED 784,299965 sqftAED 779/sqft18

Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.

Owners’ association budgets, as recorded

About AED 18.2 per sqft, on record for 2026 by Mag 5 Boulevard, the project this building belongs to.

Middle of the budgets on record · a budget is not a bill.

Reserve fund: a separate line in 3 of the 3 cluster or tower budgets recorded for 2026; the middle of those is AED 2.5/sqft.

Dubai Land Department · association budgets Owners' association budgets, as recorded · a budget figure, not a price. File dated 22 Sep 2026 · synced 24 Sep 2026.

The Land Department’s unit register does not list this building under this name, so no units are shown.

Rent recorded across Mag 5 Boulevard

Not MAG 550’s own figure: every new let recorded in Ejari rent contracts across Mag 5 Boulevard in the twelve months to Oct 2026.

Studio

AED 40,000/yr

204 new lets

1-bed

AED 52,000/yr

245 new lets

2-bed

AED 68,500/yr

48 new lets

Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.

Price per square foot by year

The typical price per square foot of MAG 550’s own recorded sales, year by year. A year with fewer than five sales is still shown, with a red (i) that says how few sales it rests on.

  • 2016AED 837/sqft36 sales
  • 2017AED 808/sqft6 sales
  • 2018AED 830/sqft20 sales
  • 2019AED 803/sqft3 sales
  • 2020AED 687/sqft2 sales
  • 20211 sale: AED 846/sqft1 sale
  • 2022AED 659/sqft5 sales
  • 2023AED 700/sqft8 sales
  • 2024AED 849/sqft18 sales
  • 2025AED 1,004/sqft13 sales
  • 2026AED 1,035/sqft3 sales

Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.

Recent sales on record

The 20 most recent sales recorded in MAG 550, as published by the Land Department.

RecordedHomeSizePricePer sqft
7 Oct 20262 B/R965 sqftAED 999,000AED 1,035/sqft
8 May 20261 B/R667 sqftAED 727,000AED 1,090/sqft
7 May 2026Studio476 sqftAED 430,000AED 903/sqft
25 Dec 20251 B/R667 sqftAED 750,000AED 1,124/sqft
17 Dec 20252 B/R965 sqftAED 1,100,000AED 1,140/sqft
15 Dec 20252 B/R1,005 sqftAED 990,000AED 985/sqft
31 Oct 2025Studio476 sqftAED 525,000AED 1,102/sqft
8 Oct 20251 B/R635 sqftAED 650,000AED 1,023/sqft
18 Sept 2025Studio473 sqftAED 500,000AED 1,056/sqft
29 Jul 20251 B/R642 sqftAED 700,000AED 1,090/sqft
4 Jun 2025Studio476 sqftAED 400,000AED 840/sqft
7 Apr 20251 B/R642 sqftAED 630,000AED 981/sqft
21 Feb 2025Studio473 sqftAED 465,000AED 982/sqft
31 Jan 20251 B/R642 sqftAED 645,000AED 1,004/sqft
31 Jan 20251 B/R639 sqftAED 495,000AED 775/sqft
7 Jan 20251 B/R642 sqftAED 645,000AED 1,004/sqft
17 Dec 20242 B/R965 sqftAED 926,100AED 959/sqft
18 Sept 20241 B/R635 sqftAED 535,000AED 842/sqft
10 Sept 20241 B/R642 sqftAED 600,000AED 934/sqft
23 Aug 20241 B/R666 sqftAED 640,000AED 961/sqft

Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.

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Dubai Land Department · building register The Land Department's building register. File dated 5 Oct 2026 · synced 5 Oct 2026.

Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.

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Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the typical price here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to look things up in the Land Department's own systems on the day: the agent's licence, the project's escrow, and its registered status.

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The typical prices here are worked out from sale records published by the Dubai Land Department and matched to this building by the name written on each record. They are what buyers paid, not what sellers are asking. Sizes are as recorded.