Home
Dubai prices
About
Research
Studio · 347 sqftMAG 560, Dubai South · 3rd floor · completed 2020

308, MAG 560

Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 19 August 2024
Last soldAED 225K3 August 2022
Current rentAED 36K /yr19 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 308

Property timeline for 308, MAG 560

What is 308 worth today?

Last sold for AED 225,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

19 Aug 2024RentedNew contract
AED 36,000/yr12 months · AED 105 per sqft
12 Jul 2023RentedNew contract
AED 29,000/yr12 months · AED 84 per sqft
10 Sep 2022RentedNew contract
AED 22,900/yr12 months · AED 66 per sqft
3 Aug 2022SoldReady
AED 225,000AED 647 per sqft
10 May 2021RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
10 May 2020RentedNew contract
AED 18,000/yr12 months · AED 52 per sqft
10 Apr 2019Sold by developerOff-plan
AED 320,000AED 921 per sqft

Source: Dubai Land Department. Updated 19 August 2024.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
3rd of 6
Parking
G-53
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 225K · August 2022
Building
MAG 560

About 308, MAG 560

308 is a studio of 347 sqft on the 3rd floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 3 August 2022 for AED 225,000, or AED 647 per sqft.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 19 August 2024, is AED 36,000 a year: a gross yield of 16.0% on the 2022 price, before the service charge of about AED 6,200 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical studio in MAG 560
200K400K2017202020232026Typical 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, April 2019: AED 320,000 (AED 921 per sqft)Sold, August 2022: AED 225,000 (AED 647 per sqft)

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

Rents
Unit 308, 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, May 2020: AED 18,000 a yearRenewal, May 2021: AED 18,000 a yearNew contract, September 2022: AED 22,900 a yearNew contract, July 2023: AED 29,000 a yearNew contract, August 2024: AED 36,000 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 308 sits

All 57 studios →

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. 308's AED 36,000 is in the upper half 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 3rd floor

All 132 units in MAG 560
Value
3011-bedAED 530K · Apr 2018
302StudioAED 330K · Apr 2019
303StudioAED 243K · May 2023
3041-bedAED 420K · Aug 2017
3052-bedAED 499K · Jul 2023
3061-bedAED 465K · Jul 2019
307StudioAED 266K · Aug 2022
1–7 of 21

308, MAG 560 in numbers

  • Sold twice: first on 10 April 2019 for AED 320,000, last on 3 August 2022 for AED 225,000 (AED 647 per sqft).
  • Rented since May 2020 on 5 Ejari contracts, from AED 18,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2022 price is 16.0%, before a service charge of about AED 6,200 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 19 August 2024.

Questions about 308, MAG 560

What did unit 308 last sell for?

AED 225,000 on 3 August 2022: AED 647 per sqft for 347 sqft. The unit has 2 registered sales; the first was AED 320,000 in April 2019.

What is the rent for unit 308?

AED 36,000 a year on the contract signed on 19 August 2024. The previous contract, from July 2023, was AED 29,000; the unit has been rented since May 2020.

How big is unit 308?

347 sqft (32.2 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 308 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.

Selling 308? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 308, MAG 560

Starts from the last sale price (AED 225K, 3 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 225,000
Deposit, UAE resident (20%)
AED 45,000
Deposit, non-resident (40%)
AED 90,000
Monthly over 25 years at 3.7%
AED 921

Plus AED 12,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →