215, MAG 560
Sold prices and rental history: sold 3 times, last in August 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 215, MAG 560
What is 215 worth today?
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Source: Dubai Land Department. Updated 27 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 2nd of 6
- Parking
- G-37
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 410K · August 2024
- Building
- MAG 560
About 215, MAG 560
215 is a studio of 410 sqft on the 2nd floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 27 August 2024 for AED 410,000, or AED 1,000 per sqft, 11% above the AED 902 studios in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 23 May 2024, is AED 27,500 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 7,300 a year.
Sales and rents for 215 over time
215 has sold 3 times; the dashed line is the studio median of each year in the building.
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 215 sits
All 57 studios →215 last sold in August 2024 at AED 1,000 per sqft, 11% above what studios in MAG 560 were fetching at the time (AED 902). 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. 215's AED 27,500 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Dec 20254 December 2025 | 410 sqft | 495,000 | 1,206 | ||
| 17 Jun 202517 June 2025 | 410 sqft | 460,000 | 1,122 | ||
| 6 Feb 20256 February 2025 | 437 sqft | 420,000 | 961 | ||
| 23 Jan 202523 January 2025 | 360 sqft | 450,000 | 1,249 |
MAG 560
Building132 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%
Other units on the 2nd floor
All 132 units in MAG 560| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 628 sqft | AED 400KAED 400,000 · Feb 2022February 2022 | 23,000 /yr | |
| 202 | Studio | 387 sqft | AED 275KAED 275,000 · Oct 2022October 2022 | 16,000 /yr | |
| 203 | Studio | 365 sqft | AED 369KAED 369,150 · Oct 2017October 2017 | 28,500 /yr | |
| 204 | 1-bed | 478 sqft | AED 430KAED 430,000 · Aug 2018August 2018 | ||
| 205 | 666 sqft | AED 710KAED 710,000 · Aug 2025August 2025 | 36,300 /yr | ||
| 206 | 1-bed | 483 sqft | AED 475KAED 475,000 · Jul 2024July 2024 | 48,000 /yr | |
| 207 | Studio | 387 sqft | AED 320KAED 320,000 · Jan 2024January 2024 | 23,000 /yr | |
| 208 | Studio | 347 sqft | AED 310KAED 310,000 · Jul 2017July 2017 | 42,000 /yr | |
| 209 | 1-bed | 478 sqft | AED 310KAED 310,000 · Oct 2022October 2022 | 33,000 /yr | |
| 210 | 2-bed | 665 sqft | AED 580KAED 580,000 · Nov 2023November 2023 | 45,000 /yr | |
| 211 | 1-bed | 483 sqft | AED 445KAED 445,000 · Sep 2017September 2017 | 47,000 /yr | |
| 212 | 1-bed | 656 sqft | AED 580KAED 580,000 · Jan 2025January 2025 | 55,000 /yr | |
| 213 | 1-bed | 622 sqft | AED 480KAED 480,000 · Sep 2020September 2020 | 54,000 /yr | |
| 214 | 1-bed | 638 sqft | AED 620KAED 620,000 · Nov 2025November 2025 | 45,000 /yr | |
| 216 | Studio | 410 sqft | AED 495KAED 495,000 · Dec 2025December 2025 | 45,000 /yr | |
| 217 | Studio | 437 sqft | AED 380KAED 380,000 · Dec 2023December 2023 | 39,000 /yr | |
| 218 | Studio | 437 sqft | AED 355KAED 355,000 · Mar 2024March 2024 | 30,000 /yr | |
| 219 | 1-bed | 514 sqft | AED 470KAED 470,000 · May 2018May 2018 | 42,000 /yr | |
| 220 | 1-bed | 514 sqft | AED 463KAED 462,507 · Aug 2017August 2017 | 50,000 /yr | |
| 221 | Studio | 360 sqft | AED 310KAED 310,000 · Jul 2017July 2017 | 19,000 /yr | |
| 222 | Studio | 360 sqft | AED 310KAED 310,000 · Jul 2017July 2017 | 42,000 /yr |
215, MAG 560 in numbers
- Sold 3 times: first on 12 April 2018 for AED 370,000, last on 27 August 2024 for AED 410,000 (AED 1,000 per sqft).
- Rented since May 2023 on 2 Ejari contracts, from AED 25,000 to AED 27,500 a year.
- At AED 27,500 a year the gross yield on the 2024 price is 6.7%, before a service charge of about AED 7,300 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 27 August 2024.
Questions about 215, MAG 560
What did unit 215 last sell for?
AED 410,000 on 27 August 2024: AED 1,000 per sqft for 410 sqft. The unit has 3 registered sales; the first was AED 370,000 in April 2018.
What is the rent for unit 215?
AED 27,500 a year on the contract renewed on 23 May 2024. The previous contract, from May 2023, was AED 25,000.
How big is unit 215?
410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.
What is unit 215 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 215, MAG 560
Starts from the last sale price (AED 410K, 27 August 2024). 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 →