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Studio · 437 sqftMAG 560, Dubai South · 1st floor · completed 2020

118, MAG 560

Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 410K4 September 2019
Current rentAED 20K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, MAG 560

What is 118 worth today?

Last sold for AED 410,000 in 2019

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1 Mar 2024RentedNew contract
AED 19,500/yr12 months · AED 44 per sqft
1 Mar 2023RentedRenewal
AED 19,500/yr12 months · AED 44 per sqft
1 Mar 2022RentedNew contract
AED 19,000/yr12 months · AED 43 per sqft
1 Sep 2020RentedNew contract
AED 17,000/yr12 months · AED 39 per sqft
4 Sep 2019Sold by developerOff-plan
AED 410,000AED 938 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
1st of 6
Parking
G-18
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 410K · September 2019
Building
MAG 560

About 118, MAG 560

118 is a studio of 437 sqft on the 1st floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 4 September 2019 for AED 410,000, or AED 938 per sqft, in line with the AED 926 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 1 March 2024, is AED 19,500 a year: a gross yield of 4.8% on the 2019 price, before the service charge of about AED 7,800 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical studio in MAG 560
300K400K2017202020232026Typical sale price by year: 2017 AED 342,780; 2018 AED 340,000; 2019 AED 340,000; 2020 AED 327,750; 2021 AED 278,847; 2022 AED 275,000; 2023 AED 315,000; 2024 AED 370,000; 2025 AED 455,000Sold by developer, September 2019: AED 410,000 (AED 938 per sqft)

118 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 118, each contractTypical studio in MAG 560
20K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 19,000; 2022 AED 21,250; 2023 AED 25,000; 2024 AED 33,000; 2025 AED 37,000; 2026 AED 40,000New contract, September 2020: AED 17,000 a yearNew contract, March 2022: AED 19,000 a yearRenewal, March 2023: AED 19,500 a yearNew contract, March 2024: AED 19,500 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 560, and where 118 sits

All 57 studios →

118 last sold in September 2019 at AED 938 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 926). Over the last 12 months studios sold for AED 495,000, around AED 1,206 per sqft, and rent for AED 26,460 to 45,000 a year. 118's AED 19,500 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Dec 2025495,000
17 Jun 2025460,000
6 Feb 2025420,000
23 Jan 2025450,000
1 studio sale in the last 12 months

MAG 560

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 3 sold in the last 12 months.

Typical price per sqft
AED 1,121
Typical sale
AED 620K
Typical rent
AED 42K /yr
Typical yield
8.8%
MAG 560, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 560
Value
1011-bedAED 444K · Aug 2021
102StudioAED 300K · Jun 2023
103StudioAED 380K · Sep 2019
1041-bedAED 360K · Jan 2024
1052-bedAED 510K · Sep 2023
1061-bedAED 358K · Dec 2020
107StudioAED 340K · Sep 2019
1–7 of 21

118, MAG 560 in numbers

  • Sold once: by MAG on 4 September 2019 for AED 410,000, or AED 938 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 17,000 to AED 19,500 a year.
  • At AED 19,500 a year the gross yield on the 2019 price is 4.8%, before a service charge of about AED 7,800 a year (AED 17.79 per sqft).
  • Studios in MAG 560 sold for AED 495,000–495,000 in the 12 months to November 2026; the building's median across all types is AED 1,121 per sqft.

Source: Dubai Land Department. Updated 1 March 2024.

Questions about 118, MAG 560

What did unit 118 last sell for?

AED 410,000 on 4 September 2019, sold by the developer: AED 938 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 19,500 a year on the contract signed on 1 March 2024. The previous contract, from March 2023, was AED 19,500; the unit has been rented since September 2020.

How big is unit 118?

437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 118 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 560 sold for AED 495,000 to 495,000 in the last 12 months, around AED 1,206 per sqft.

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Mortgage on 118, MAG 560

Starts from the last sale price (AED 410K, 4 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

Plus AED 20,130 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →