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Studio · 410 sqftMAG 560, Dubai South · 6th floor · completed 2020

615, MAG 560

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 615 · DLD and Ejari recordsUpdated 5 April 2024
Last soldAED 394K25 February 2018
Current rentAED 30K /yr5 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 615, MAG 560

What is 615 worth today?

Last sold for AED 394,402 in 2018

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5 Apr 2024RentedRenewal
AED 30,000/yr12 months · AED 73 per sqft
5 Apr 2023RentedNew contract
AED 25,000/yr12 months · AED 61 per sqft
15 Apr 2021RentedNew contract
AED 16,000/yr12 months · AED 39 per sqft
1 Mar 2020RentedNew contract
AED 22,000/yr12 months · AED 54 per sqft
25 Feb 2018Sold by developerOff-plan
AED 394,402AED 962 per sqft

Source: Dubai Land Department. Updated 5 April 2024.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
6th of 6
Parking
G-126
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 394K · February 2018
Building
MAG 560

About 615, MAG 560

615 is a studio of 410 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 25 February 2018 for AED 394,402, or AED 962 per sqft, 5% above the AED 915 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 5 April 2024, is AED 30,000 a year: a gross yield of 7.6% on the 2018 price, before the service charge of about AED 7,300 a year.

Sales and rents for 615 over time

Sales
Unit 615, each saleTypical studio in MAG 560
300K400K2017202020232026Typical 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, February 2018: AED 394,402 (AED 962 per sqft)

615 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 615, each contractTypical studio in MAG 560
20K40K2020202220242026Typical 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, March 2020: AED 22,000 a yearNew contract, April 2021: AED 16,000 a yearNew contract, April 2023: AED 25,000 a yearRenewal, April 2024: AED 30,000 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 615 sits

All 57 studios →

615 last sold in February 2018 at AED 962 per sqft, 5% above what studios in MAG 560 were fetching at the time (AED 915). 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. 615's AED 30,000 is in the lower 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 6th floor

All 132 units in MAG 560
Value
6011-bedAED 530K · Dec 2017
602StudioAED 340K · Oct 2018
603StudioAED 425K · Oct 2024
6041-bedAED 320K · Aug 2021
605AED 700K · Sep 2025
6061-bedAED 477K · Dec 2017
607StudioAED 340K · Mar 2018
1–7 of 21

615, MAG 560 in numbers

  • Sold once: by MAG on 25 February 2018 for AED 394,402, or AED 962 per sqft.
  • Rented since March 2020 on 4 Ejari contracts. The rent fell from AED 22,000 to AED 16,000 in 2021 and recovered to AED 30,000 by April 2024.
  • At AED 30,000 a year the gross yield on the 2018 price is 7.6%, 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 5 April 2024.

Questions about 615, MAG 560

What did unit 615 last sell for?

AED 394,402 on 25 February 2018, sold by the developer: AED 962 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 615?

AED 30,000 a year on the contract renewed on 5 April 2024. The previous contract, from April 2023, was AED 25,000; the unit has been rented since March 2020.

How big is unit 615?

410 sqft (38.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 615 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 615, MAG 560

Starts from the last sale price (AED 394K, 25 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 394,402
Deposit, UAE resident (20%)
AED 78,880
Deposit, non-resident (40%)
AED 157,761
Monthly over 25 years at 3.7%
AED 1,614

Plus AED 19,475 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →