Mag 550 Launch Prices
Off-plan in Dubai South · Developer launch registrations from the Dubai Land Department off-plan register
Launch Summary
64 developer launch sales registered at Mag 550 between Apr 2016 and Feb 2019: 100% apartments, most commonly 1-bed units, typically around 638 sqft.
Bed mix: Studio 19% · 1-bed 75% · 2-bed 6%.
Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.
Launch Price by Quarter
Median registered launch price per square foot at Mag 550, per quarter, with the number of launch sales registered in each.
| Quarter | Launch sales | Median AED/sqft |
|---|---|---|
| 2016 Q2 | 12 | AED 849 |
| 2016 Q3 | 18 | AED 845 |
| 2016 Q4 | 6 | AED 807 |
| 2017 Q1 | 4 | AED 805 |
| 2017 Q3 | 1 | AED 808 |
| 2017 Q4 | 1 | AED 830 |
| 2018 Q1 | 6 | AED 838 |
| 2018 Q2 | 7 | AED 847 |
| 2018 Q3 | 2 | AED 742 |
| 2018 Q4 | 5 | AED 699 |
| 2019 Q1 | 2 | AED 870 |
Launch vs Resale
Mag 550 also has 50 ready-market resales registered with the DLD, the first on 18 February 2019 - 34 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.
Recent Launch Registrations
Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.
Other Off-Plan Projects in Dubai South
Off-plan in Dubai South
Compare this project with every other off-plan launch registered in Dubai South, or see the community's resale market.
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