507, MAG 560
Sold prices and rental history: sold once, by the developer in July 2017, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, MAG 560
What is 507 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 389 sqft
- Floor
- 5th of 6
- Parking
- G-96
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,900 /yr
- Last sold
- AED 325K · July 2017
- Building
- MAG 560
About 507, MAG 560
507 is a studio of 389 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 July 2017 for AED 325,000, or AED 835 per sqft, in line with the AED 860 studios in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 October 2024, is AED 37,000 a year: a gross yield of 11.4% on the 2017 price, before the service charge of about AED 6,900 a year.
Sales and rents for 507 over time
507 has sold once; 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 507 sits
All 57 studios →507 last sold in July 2017 at AED 835 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 860). 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. 507's AED 37,000 is in the upper 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 5th floor
All 132 units in MAG 560| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 530KAED 530,000 · Nov 2017November 2017 | 50,000 /yr | |
| 502 | Studio | 389 sqft | AED 323KAED 323,000 · Oct 2022October 2022 | 39,000 /yr | |
| 503 | Studio | 365 sqft | AED 350KAED 350,000 · May 2024May 2024 | 30,250 /yr | |
| 504 | 1-bed | 478 sqft | AED 443KAED 442,775 · Aug 2017August 2017 | 50,000 /yr | |
| 505 | 2-bed | 666 sqft | AED 520KAED 520,000 · Dec 2017December 2017 | 42,000 /yr | |
| 506 | 1-bed | 483 sqft | AED 448KAED 448,000 · Jan 2018January 2018 | 50,000 /yr | |
| 508 | Studio | 349 sqft | AED 330KAED 330,000 · May 2024May 2024 | 30,000 /yr | |
| 509 | 1-bed | 478 sqft | AED 477KAED 477,000 · Aug 2017August 2017 | ||
| 510 | 2-bed | 665 sqft | AED 470KAED 470,000 · Apr 2023April 2023 | ||
| 511 | 1-bed | 483 sqft | AED 520KAED 520,000 · Sep 2024September 2024 | 47,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 558KAED 558,000 · Nov 2017November 2017 | 46,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 467KAED 466,695 · Jul 2018July 2018 | 55,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 535KAED 535,000 · Nov 2017November 2017 | 48,000 /yr | |
| 515 | Studio | 410 sqft | AED 460KAED 460,000 · Jun 2025June 2025 | 40,000 /yr | |
| 516 | 410 sqft | AED 460KAED 460,000 · Aug 2025August 2025 | 27,600 /yr | ||
| 517 | 437 sqft | AED 465KAED 465,000 · Sep 2025September 2025 | |||
| 518 | Studio | 437 sqft | AED 440KAED 440,000 · Oct 2024October 2024 | 19,000 /yr | |
| 519 | 1-bed | 514 sqft | AED 473KAED 472,558 · Jan 2019January 2019 | 34,155 /yr | |
| 520 | 1-bed | 514 sqft | AED 443KAED 443,000 · Jun 2018June 2018 | 40,000 /yr | |
| 521 | Studio | 360 sqft | AED 328KAED 327,750 · Feb 2020February 2020 | ||
| 522 | Studio | 360 sqft | AED 328KAED 327,750 · Feb 2020February 2020 |
507, MAG 560 in numbers
- Sold once: by MAG on 19 July 2017 for AED 325,000, or AED 835 per sqft.
- Rented since August 2023 on 2 Ejari contracts, from AED 29,000 to AED 37,000 a year.
- At AED 37,000 a year the gross yield on the 2017 price is 11.4%, 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 1 October 2024.
Questions about 507, MAG 560
What did unit 507 last sell for?
AED 325,000 on 19 July 2017, sold by the developer: AED 835 per sqft for 389 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 37,000 a year on the contract signed on 1 October 2024. The previous contract, from August 2023, was AED 29,000.
How big is unit 507?
389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 507 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 507, MAG 560
Starts from the last sale price (AED 325K, 19 July 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 325,000
- Deposit, UAE resident (20%)
- AED 65,000
- Deposit, non-resident (40%)
- AED 130,000
- Monthly over 25 years at 3.7%
- AED 1,330
Plus AED 16,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →