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Studio · 437 sqftMAG 565, Dubai South · 2nd floor · completed 2020

217, MAG 565

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

Unit 217 · DLD and Ejari recordsUpdated 29 September 2024
Last soldAED 384K30 September 2018
Current rentAED 37K /yr29 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 217, MAG 565

What is 217 worth today?

Last sold for AED 383,500 in 2018

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29 Sep 2024RentedNew contract
AED 37,000/yr12 months · AED 85 per sqft
1 Oct 2023RentedNew contract
AED 29,000/yr12 months · AED 66 per sqft
25 Sep 2020RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
30 Sep 2018Sold by developerOff-plan
AED 383,500AED 877 per sqft

Source: Dubai Land Department. Updated 29 September 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
2nd of 6
Parking
G-39
Developer
MAG
Completed
2020
Service charge
AED 7,100 /yr
Last sold
AED 384K · September 2018
Building
MAG 565

About 217, MAG 565

217 is a studio of 437 sqft on the 2nd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 30 September 2018 for AED 383,500, or AED 877 per sqft, 5% below the AED 924 studios in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 29 September 2024, is AED 37,000 a year: a gross yield of 9.7% on the 2018 price, before the service charge of about AED 7,100 a year.

Sales and rents for 217 over time

Sales
Unit 217, 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, September 2018: AED 383,500 (AED 877 per sqft)

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

Rents
Unit 217, 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 20,000 a yearNew contract, October 2023: AED 29,000 a yearNew contract, September 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 565, and where 217 sits

All 66 studios →

217 last sold in September 2018 at AED 877 per sqft, 5% below what studios in MAG 565 were fetching at the time (AED 924). 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. 217's AED 37,000 is in the lower half 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
207StudioAED 250K · Jul 2020
1–7 of 21

217, MAG 565 in numbers

  • Sold once: by MAG on 30 September 2018 for AED 383,500, or AED 877 per sqft.
  • Rented since September 2020 on 3 Ejari contracts, from AED 20,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2018 price is 9.7%, 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 29 September 2024.

Questions about 217, MAG 565

What did unit 217 last sell for?

AED 383,500 on 30 September 2018, sold by the developer: AED 877 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 217?

AED 37,000 a year on the contract signed on 29 September 2024. The previous contract, from October 2023, was AED 29,000; the unit has been rented since September 2020.

How big is unit 217?

437 sqft (40.6 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 217 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 217, MAG 565

Starts from the last sale price (AED 384K, 30 September 2018). Switch to today's estimate once you have unlocked it.
Price
AED 383,500
Deposit, UAE resident (20%)
AED 76,700
Deposit, non-resident (40%)
AED 153,400
Monthly over 25 years at 3.7%
AED 1,569

Plus AED 19,017 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →