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Studio · 387 sqftMAG 565, Dubai South · 2nd floor · completed 2020

207, MAG 565

Sold prices and rental history: sold twice, last in July 2020, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 207 · DLD and Ejari recordsUpdated 1 July 2023
Last soldAED 250K23 July 2020
Current rentAED 25K /yr1 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 207, MAG 565

What is 207 worth today?

Last sold for AED 250,000 in 2020

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1 Jul 2023RentedNew contract
AED 25,000/yr12 months · AED 65 per sqft
1 Sep 2020RentedNew contract
AED 22,000/yr12 months · AED 57 per sqft
23 Jul 2020SoldReady
AED 250,000AED 646 per sqft
25 Jun 2018Sold by developerOff-plan
AED 359,899AED 930 per sqft

Source: Dubai Land Department. Updated 1 July 2023.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
2nd of 6
Parking
G-11
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 250K · July 2020
Building
MAG 565

About 207, MAG 565

207 is a studio of 387 sqft on the 2nd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 July 2020 for AED 250,000, or AED 646 per sqft, 30% below the AED 923 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 July 2023, is AED 25,000 a year: a gross yield of 10.0% on the 2020 price, before the service charge of about AED 6,300 a year.

Sales and rents for 207 over time

Sales
Unit 207, 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 359,899 (AED 930 per sqft)Sold, July 2020: AED 250,000 (AED 646 per sqft)

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

Rents
Unit 207, 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, September 2020: AED 22,000 a yearNew contract, July 2023: AED 25,000 a year

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

Studios in MAG 565, and where 207 sits

All 66 studios →

207 last sold in July 2020 at AED 646 per sqft, 30% below what studios in MAG 565 were fetching at the time (AED 923). 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. 207's AED 25,000 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 2nd floor

All 132 units in MAG 565
Value
2011-bedAED 458K · Jan 2022
202StudioAED 250K · Jul 2020
203StudioAED 323K · Feb 2024
2041-bedAED 500K · Aug 2024
2052-bedAED 497K · Sep 2019
2061-bedAED 436K · Jun 2018
208StudioAED 300K · May 2023
1–7 of 21

207, MAG 565 in numbers

  • Sold twice: first on 25 June 2018 for AED 359,899, last on 23 July 2020 for AED 250,000 (AED 646 per sqft).
  • Rented since September 2020 on 2 Ejari contracts, from AED 22,000 to AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2020 price is 10.0%, before a service charge of about AED 6,300 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 1 July 2023.

Questions about 207, MAG 565

What did unit 207 last sell for?

AED 250,000 on 23 July 2020: AED 646 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 359,899 in June 2018.

What is the rent for unit 207?

AED 25,000 a year on the contract signed on 1 July 2023. The previous contract, from September 2020, was AED 22,000.

How big is unit 207?

387 sqft (36.0 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 207 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 207, MAG 565

Starts from the last sale price (AED 250K, 23 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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