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Studio · 437 sqftMAG 565, Dubai South · 1st floor · completed 2020

118, MAG 565

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

Unit 118 · DLD and Ejari recordsUpdated 10 September 2022
Last soldAED 385K12 June 2018
Current rentAED 22K /yr10 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, MAG 565

What is 118 worth today?

Last sold for AED 385,000 in 2018

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10 Sep 2022RentedRenewal
AED 22,059/yr12 months · AED 50 per sqft
10 Sep 2021RentedNew contract
AED 20,000/yr12 months · AED 46 per sqft
20 Aug 2020RentedNew contract
AED 20,000/yr12 months · AED 46 per sqft
12 Jun 2018Sold by developerOff-plan
AED 385,000AED 881 per sqft

Source: Dubai Land Department. Updated 10 September 2022.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
1st of 6
Parking
G-18
Developer
MAG
Completed
2020
Service charge
AED 7,100 /yr
Last sold
AED 385K · June 2018
Building
MAG 565

About 118, MAG 565

118 is a studio of 437 sqft on the 1st floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 12 June 2018 for AED 385,000, or AED 881 per sqft, 8% below the AED 958 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 10 September 2022, is AED 22,059 a year: a gross yield of 5.7% on the 2018 price, before the service charge of about AED 7,100 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical studio in MAG 565
300K400K2017202020232026Typical sale price by year: 2017 AED 367,500; 2018 AED 376,421; 2019 AED 373,800; 2020 AED 321,675; 2021 AED 292,000; 2022 AED 265,250; 2023 AED 295,000; 2024 AED 350,000; 2025 AED 455,000Sold by developer, June 2018: AED 385,000 (AED 881 per sqft)

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

Rents
Unit 118, each contractTypical studio in MAG 565
20K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 21,000; 2023 AED 26,000; 2024 AED 35,000; 2025 AED 38,000; 2026 AED 42,000New contract, August 2020: AED 20,000 a yearNew contract, September 2021: AED 20,000 a yearRenewal, September 2022: AED 22,059 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 565, and where 118 sits

All 66 studios →

118 last sold in June 2018 at AED 881 per sqft, 8% below what studios in MAG 565 were fetching at the time (AED 958). Over the last 12 months studios sold for AED 500,000, around AED 1,144 per sqft, and rent for AED 31,500 to 43,500 a year. 118's AED 22,059 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Nov 2025500,000
10 Jul 2025460,000
30 Jun 2025430,000
19 Jun 2025460,000
1 studio sale in the last 12 months

MAG 565

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 1,206
Typical sale
AED 620K
Typical rent
AED 42K /yr
Typical yield
8.0%
MAG 565, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 565
Value
1011-bedAED 449K · Nov 2022
102StudioAED 386K · Jan 2018
103StudioAED 375K · Jun 2018
1041-bedAED 420K · Jul 2018
1052-bedAED 479K · Apr 2023
1061-bedAED 436K · Dec 2017
107StudioAED 387K · May 2019
1–7 of 21

118, MAG 565 in numbers

  • Sold once: by MAG on 12 June 2018 for AED 385,000, or AED 881 per sqft.
  • Rented since August 2020 on 3 Ejari contracts, from AED 20,000 to AED 22,059 a year.
  • At AED 22,059 a year the gross yield on the 2018 price is 5.7%, before a service charge of about AED 7,100 a year (AED 16.26 per sqft).
  • Studios in MAG 565 sold for AED 500,000–500,000 in the 12 months to November 2026; the building's median across all types is AED 1,206 per sqft.

Source: Dubai Land Department. Updated 10 September 2022.

Questions about 118, MAG 565

What did unit 118 last sell for?

AED 385,000 on 12 June 2018, sold by the developer: AED 881 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 22,059 a year on the contract renewed on 10 September 2022. The previous contract, from September 2021, was AED 20,000; the unit has been rented since August 2020.

How big is unit 118?

437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 118 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 565 sold for AED 500,000 to 500,000 in the last 12 months, around AED 1,144 per sqft.

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Mortgage on 118, MAG 565

Starts from the last sale price (AED 385K, 12 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 385,000
Deposit, UAE resident (20%)
AED 77,000
Deposit, non-resident (40%)
AED 154,000
Monthly over 25 years at 3.7%
AED 1,575

Plus AED 19,080 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →