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Studio · 437 sqftMAG 560, Dubai South · 6th floor · completed 2020

617, MAG 560

Sold prices and rental history: sold twice, last in February 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 617 · DLD and Ejari recordsUpdated 6 February 2025
Last soldAED 420K6 February 2025
Current rentAED 37K /yr9 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 617, MAG 560

What is 617 worth today?

Last sold for AED 420,000 in 2025

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6 Feb 2025SoldReady
AED 420,000AED 961 per sqft
9 Mar 2024RentedNew contract
AED 37,000/yr12 months · AED 85 per sqft
3 Jun 2023RentedNew contract
AED 33,000/yr7 months · AED 76 per sqft
14 Aug 2022RentedRenewal
AED 24,000/yr9 months · AED 55 per sqft
14 Aug 2021RentedNew contract
AED 24,000/yr12 months · AED 55 per sqft
15 Jul 2021Sold by developerReady
AED 292,000AED 668 per sqft

Source: Dubai Land Department. Updated 6 February 2025.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
6th of 6
Parking
G-128
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 420K · February 2025
Building
MAG 560

About 617, MAG 560

617 is a studio of 437 sqft on the 6th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 6 February 2025 for AED 420,000, or AED 961 per sqft, in line with the AED 981 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 9 March 2024, is AED 37,000 a year: a gross yield of 8.8% on the 2025 price, before the service charge of about AED 7,800 a year.

Sales and rents for 617 over time

Sales
Unit 617, 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, July 2021: AED 292,000 (AED 668 per sqft)Sold, February 2025: AED 420,000 (AED 961 per sqft)

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

Rents
Unit 617, 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, August 2021: AED 24,000 a yearRenewal, August 2022: AED 24,000 a yearNew contract, June 2023: AED 33,000 a yearNew contract, March 2024: AED 37,000 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 617 sits

All 57 studios →

617 last sold in February 2025 at AED 961 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 981). 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. 617's AED 37,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Dec 2025495,000
17 Jun 2025460,000
23 Jan 2025450,000
15 Oct 2024440,000
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

617, MAG 560 in numbers

  • Sold twice: first on 15 July 2021 for AED 292,000, last on 6 February 2025 for AED 420,000 (AED 961 per sqft).
  • Rented since August 2021 on 4 Ejari contracts, from AED 24,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2025 price is 8.8%, 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 6 February 2025.

Questions about 617, MAG 560

What did unit 617 last sell for?

AED 420,000 on 6 February 2025: AED 961 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 292,000 in July 2021.

What is the rent for unit 617?

AED 37,000 a year on the contract signed on 9 March 2024. The previous contract, from June 2023, was AED 33,000; the unit has been rented since August 2021.

How big is unit 617?

437 sqft (40.6 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 617 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 617, MAG 560

Starts from the last sale price (AED 420K, 6 February 2025). Switch to today's estimate once you have unlocked it.
Price
AED 420,000
Deposit, UAE resident (20%)
AED 84,000
Deposit, non-resident (40%)
AED 168,000
Monthly over 25 years at 3.7%
AED 1,718

Plus AED 20,550 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →