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Studio · 387 sqftMAG 560, Dubai South · 2nd floor · completed 2020

207, MAG 560

Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 207 · DLD and Ejari recordsUpdated 10 January 2024
Last soldAED 320K10 January 2024
Current rentAED 23K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 207, MAG 560

What is 207 worth today?

Last sold for AED 320,000 in 2024

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10 Jan 2024SoldReady
AED 320,000AED 826 per sqft
1 Apr 2023RentedRenewal
AED 23,000/yr12 months · AED 59 per sqft
1 Apr 2022RentedRenewal
AED 21,000/yr12 months · AED 54 per sqft
1 Apr 2021RentedRenewal
AED 21,000/yr12 months · AED 54 per sqft
1 Apr 2020RentedNew contract
AED 21,000/yr12 months · AED 54 per sqft
28 May 2018Sold by developerOff-plan
AED 345,000AED 891 per sqft

Source: Dubai Land Department. Updated 10 January 2024.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
2nd of 6
Parking
G-33
Developer
MAG
Completed
2020
Service charge
AED 6,900 /yr
Last sold
AED 320K · January 2024
Building
MAG 560

About 207, MAG 560

207 is a studio of 387 sqft on the 2nd floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 10 January 2024 for AED 320,000, or AED 826 per sqft, in line with the AED 830 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 April 2023, is AED 23,000 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 6,900 a year.

Sales and rents for 207 over time

Sales
Unit 207, 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, May 2018: AED 345,000 (AED 891 per sqft)Sold, January 2024: AED 320,000 (AED 826 per sqft)

207 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 207, each contractTypical studio in MAG 560
20K30K40K2020202220242026Typical 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, April 2020: AED 21,000 a yearRenewal, April 2021: AED 21,000 a yearRenewal, April 2022: AED 21,000 a yearRenewal, April 2023: AED 23,000 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 207 sits

All 57 studios →

207 last sold in January 2024 at AED 826 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 830). 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. 207's AED 23,000 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
8.6%
MAG 560, Dubai South: prices, sales and rents →

Other units on the 2nd floor

All 132 units in MAG 560
Value
2011-bedAED 400K · Feb 2022
202StudioAED 275K · Oct 2022
203StudioAED 369K · Oct 2017
2041-bedAED 430K · Aug 2018
205AED 710K · Aug 2025
2061-bedAED 475K · Jul 2024
208StudioAED 310K · Jul 2017
1–7 of 21

207, MAG 560 in numbers

  • Sold twice: first on 28 May 2018 for AED 345,000, last on 10 January 2024 for AED 320,000 (AED 826 per sqft).
  • Rented since April 2020 on 4 Ejari contracts, from AED 21,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2024 price is 7.2%, before a service charge of about AED 6,900 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 10 January 2024.

Questions about 207, MAG 560

What did unit 207 last sell for?

AED 320,000 on 10 January 2024: AED 826 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 345,000 in May 2018.

What is the rent for unit 207?

AED 23,000 a year on the contract renewed on 1 April 2023. The previous contract, from April 2022, was AED 21,000; the unit has been rented since April 2020.

How big is unit 207?

387 sqft (36.0 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 207 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 207, MAG 560

Starts from the last sale price (AED 320K, 10 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →