602, MAG 560
Sold prices and rental history: sold once, by the developer in October 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, MAG 560
What is 602 worth today?
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Source: Dubai Land Department. Updated 25 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 389 sqft
- Floor
- 6th of 6
- Parking
- G-113
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,900 /yr
- Last sold
- AED 340K · October 2018
- Building
- MAG 560
About 602, MAG 560
602 is a studio of 389 sqft on the 6th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 8 October 2018 for AED 340,000, or AED 873 per sqft, 4% below the AED 913 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 25 February 2025, is AED 35,000 a year: a gross yield of 10.3% on the 2018 price, before the service charge of about AED 6,900 a year.
Sales and rents for 602 over time
602 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 602 sits
All 57 studios →602 last sold in October 2018 at AED 873 per sqft, 4% below what studios in MAG 560 were fetching at the time (AED 913). 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. 602's AED 35,000 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 6th floor
All 132 units in MAG 560| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 629 sqft | AED 530KAED 530,000 · Dec 2017December 2017 | 44,000 /yr | |
| 603 | Studio | 365 sqft | AED 425KAED 425,000 · Oct 2024October 2024 | 36,000 /yr | |
| 604 | 1-bed | 478 sqft | AED 320KAED 320,000 · Aug 2021August 2021 | ||
| 605 | 666 sqft | AED 700KAED 700,000 · Sep 2025September 2025 | 62,000 /yr | ||
| 606 | 1-bed | 483 sqft | AED 477KAED 476,850 · Dec 2017December 2017 | 36,000 /yr | |
| 607 | Studio | 389 sqft | AED 340KAED 340,000 · Mar 2018March 2018 | 34,000 /yr | |
| 608 | Studio | 349 sqft | AED 347KAED 347,000 · Aug 2017August 2017 | 23,760 /yr | |
| 609 | 1-bed | 478 sqft | AED 477KAED 476,900 · Sep 2018September 2018 | 40,000 /yr | |
| 610 | 2-bed | 665 sqft | AED 549KAED 548,721 · Mar 2018March 2018 | 49,450 /yr | |
| 611 | 1-bed | 483 sqft | AED 453KAED 453,000 · May 2019May 2019 | 32,550 /yr | |
| 612 | 1-bed | 657 sqft | AED 558KAED 558,000 · Jan 2018January 2018 | 26,000 /yr | |
| 613 | 1-bed | 623 sqft | AED 467KAED 466,695 · Jul 2018July 2018 | 48,000 /yr | |
| 614 | 1-bed | 638 sqft | AED 535KAED 535,000 · Dec 2017December 2017 | 28,000 /yr | |
| 615 | Studio | 410 sqft | AED 394KAED 394,402 · Feb 2018February 2018 | 30,000 /yr | |
| 616 | Studio | 410 sqft | AED 375KAED 375,000 · Jul 2017July 2017 | 37,000 /yr | |
| 617 | Studio | 437 sqft | AED 420KAED 420,000 · Feb 2025February 2025 | 37,000 /yr | |
| 618 | Studio | 437 sqft | AED 279KAED 278,847 · Jun 2021June 2021 | 36,000 /yr | |
| 619 | 1-bed | 514 sqft | AED 448KAED 448,000 · May 2018May 2018 | 30,000 /yr | |
| 620 | 1-bed | 514 sqft | AED 448KAED 448,000 · Apr 2018April 2018 | 50,000 /yr | |
| 621 | Studio | 360 sqft | AED 336KAED 336,000 · Sep 2017September 2017 | 30,000 /yr | |
| 622 | Studio | 360 sqft | AED 300KAED 300,000 · Jun 2023June 2023 | 37,000 /yr |
602, MAG 560 in numbers
- Sold once: by MAG on 8 October 2018 for AED 340,000, or AED 873 per sqft.
- Rented since February 2023 on 3 Ejari contracts, from AED 23,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2018 price is 10.3%, 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 25 February 2025.
Questions about 602, MAG 560
What did unit 602 last sell for?
AED 340,000 on 8 October 2018, sold by the developer: AED 873 per sqft for 389 sqft. It is the only registered sale of the unit.
What is the rent for unit 602?
AED 35,000 a year on the contract renewed on 25 February 2025. The previous contract, from February 2024, was AED 30,000; the unit has been rented since February 2023.
How big is unit 602?
389 sqft (36.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.
What is unit 602 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 602, MAG 560
Starts from the last sale price (AED 340K, 8 October 2018). 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 →