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Studio · 360 sqftMAG 565, Dubai South · 1st floor · completed 2020

122, MAG 565

Sold prices and rental history: sold once, by the developer in January 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 122 · DLD and Ejari recordsUpdated 25 March 2025
Last soldAED 320K7 January 2018
Current rentAED 31K /yr25 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 122, MAG 565

What is 122 worth today?

Last sold for AED 320,000 in 2018

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25 Mar 2025RentedRenewal
AED 30,800/yr12 months · AED 87 per sqft
25 Mar 2024RentedRenewal
AED 28,000/yr12 months · AED 79 per sqft
25 Mar 2023RentedNew contract
AED 24,000/yr12 months · AED 68 per sqft
21 Mar 2022RentedRenewal
AED 19,000/yr12 months · AED 53 per sqft
15 Jan 2021RentedNew contract
AED 20,000/yr12 months · AED 56 per sqft
7 Jan 2018Sold by developerOff-plan
AED 320,000AED 888 per sqft

Source: Dubai Land Department. Updated 25 March 2025.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
1st of 6
Parking
G-22
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 320K · January 2018
Building
MAG 565

About 122, MAG 565

122 is a studio of 360 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 7 January 2018 for AED 320,000, or AED 888 per sqft, 11% below the AED 1,001 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 25 March 2025, is AED 30,800 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 5,900 a year.

Sales and rents for 122 over time

Sales
Unit 122, 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, January 2018: AED 320,000 (AED 888 per sqft)

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

Rents
Unit 122, 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, January 2021: AED 20,000 a yearRenewal, March 2022: AED 19,000 a yearNew contract, March 2023: AED 24,000 a yearRenewal, March 2024: AED 28,000 a yearRenewal, March 2025: AED 30,800 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 122 sits

All 66 studios →

122 last sold in January 2018 at AED 888 per sqft, 11% below what studios in MAG 565 were fetching at the time (AED 1,001). 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. 122's AED 30,800 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

122, MAG 565 in numbers

  • Sold once: by MAG on 7 January 2018 for AED 320,000, or AED 888 per sqft.
  • Rented since January 2021 on 5 Ejari contracts, from AED 20,000 to AED 30,800 a year.
  • At AED 30,800 a year the gross yield on the 2018 price is 9.6%, before a service charge of about AED 5,900 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 25 March 2025.

Questions about 122, MAG 565

What did unit 122 last sell for?

AED 320,000 on 7 January 2018, sold by the developer: AED 888 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 122?

AED 30,800 a year on the contract renewed on 25 March 2025. The previous contract, from March 2024, was AED 28,000; the unit has been rented since January 2021.

How big is unit 122?

360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 122 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 122, MAG 565

Starts from the last sale price (AED 320K, 7 January 2018). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →