418, MAG 560
Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 418, MAG 560
What is 418 worth today?
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Source: Dubai Land Department. Updated 20 July 2024.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 4th of 6
- Parking
- G-85
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,800 /yr
- Last sold
- AED 340K · May 2024
- Building
- MAG 560
About 418, MAG 560
418 is a studio of 437 sqft on the 4th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 May 2024 for AED 340,000, or AED 778 per sqft, 9% below the AED 852 studios in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 20 July 2024, is AED 33,000 a year: a gross yield of 9.7% on the 2024 price, before the service charge of about AED 7,800 a year.
Sales and rents for 418 over time
418 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 418 sits
All 57 studios →418 last sold in May 2024 at AED 778 per sqft, 9% below what studios in MAG 560 were fetching at the time (AED 852). 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. 418's AED 33,000 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 4th floor
All 132 units in MAG 560| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 628 sqft | AED 444KAED 443,898 · Oct 2021October 2021 | 23,000 /yr | |
| 402 | Studio | 387 sqft | AED 320KAED 320,000 · Jul 2017July 2017 | 36,000 /yr | |
| 403 | Studio | 365 sqft | AED 356KAED 356,000 · Nov 2023November 2023 | 27,800 /yr | |
| 404 | 1-bed | 478 sqft | AED 415KAED 415,000 · Aug 2017August 2017 | 31,000 /yr | |
| 405 | 2-bed | 666 sqft | AED 438KAED 437,500 · Aug 2021August 2021 | 50,000 /yr | |
| 406 | 1-bed | 483 sqft | AED 472KAED 472,222 · Apr 2018April 2018 | ||
| 407 | Studio | 387 sqft | AED 293KAED 293,000 · Jul 2023July 2023 | 36,000 /yr | |
| 408 | Studio | 347 sqft | AED 325KAED 325,000 · Aug 2017August 2017 | 44,000 /yr | |
| 409 | 1-bed | 478 sqft | AED 420KAED 420,000 · Oct 2023October 2023 | 39,900 /yr | |
| 410 | 2-bed | 665 sqft | AED 545KAED 545,000 · Nov 2017November 2017 | 60,000 /yr | |
| 411 | 1-bed | 483 sqft | AED 400KAED 400,000 · Apr 2023April 2023 | ||
| 412 | 1-bed | 656 sqft | AED 469KAED 469,301 · Jun 2021June 2021 | 55,000 /yr | |
| 413 | 1-bed | 622 sqft | AED 523KAED 523,001 · Jul 2019July 2019 | 38,000 /yr | |
| 414 | 1-bed | 638 sqft | AED 535KAED 535,000 · Apr 2018April 2018 | 52,000 /yr | |
| 415 | Studio | 410 sqft | AED 370KAED 370,000 · Mar 2024March 2024 | 42,000 /yr | |
| 416 | Studio | 410 sqft | AED 381KAED 381,282 · Aug 2017August 2017 | 37,500 /yr | |
| 417 | Studio | 437 sqft | AED 400KAED 400,000 · Feb 2018February 2018 | 41,000 /yr | |
| 419 | 1-bed | 514 sqft | AED 475KAED 475,126 · Nov 2017November 2017 | 47,000 /yr | |
| 420 | 1-bed | 514 sqft | AED 470KAED 470,000 · Sep 2017September 2017 | 46,000 /yr | |
| 421 | Studio | 360 sqft | AED 310KAED 310,000 · May 2018May 2018 | 22,000 /yr | |
| 422 | Studio | 360 sqft | AED 328KAED 327,750 · Oct 2018October 2018 |
418, MAG 560 in numbers
- Sold 3 times: first on 29 December 2022 for AED 380,000, last on 23 May 2024 for AED 340,000 (AED 778 per sqft).
- Rented since May 2021 on 3 Ejari contracts, from AED 60,000 to AED 33,000 a year.
- At AED 33,000 a year the gross yield on the 2024 price is 9.7%, 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 20 July 2024.
Questions about 418, MAG 560
What did unit 418 last sell for?
AED 340,000 on 23 May 2024: AED 778 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 380,000 in December 2022.
What is the rent for unit 418?
AED 33,000 a year on the contract signed on 20 July 2024. The previous contract, from July 2024, was AED 33,000; the unit has been rented since May 2021.
How big is unit 418?
437 sqft (40.6 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 418 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 418, MAG 560
Starts from the last sale price (AED 340K, 23 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 340,000
- Deposit, UAE resident (20%)
- AED 68,000
- Deposit, non-resident (40%)
- AED 136,000
- Monthly over 25 years at 3.7%
- AED 1,391
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →