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

218, MAG 565

Sold prices and rental history: sold 3 times, last in December 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 6 December 2024
Last soldAED 430K6 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 218, MAG 565

What is 218 worth today?

Last sold for AED 430,000 in 2024

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6 Dec 2024SoldReady
AED 430,000AED 984 per sqft
11 Oct 2023SoldReady
AED 360,000AED 823 per sqft
3 Sep 2018Sold by developerOff-plan
AED 383,000AED 876 per sqft

Source: Dubai Land Department. Updated 6 December 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
2nd of 6
Parking
G-40
Developer
MAG
Completed
2020
Service charge
AED 7,100 /yr
Last sold
AED 430K · December 2024
Building
MAG 565

About 218, MAG 565

218 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. It last sold on 6 December 2024 for AED 430,000, or AED 984 per sqft, 8% above the AED 914 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 218 over time

Sales
Unit 218, 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 383,000 (AED 876 per sqft)Sold, October 2023: AED 360,000 (AED 823 per sqft)Sold, December 2024: AED 430,000 (AED 984 per sqft)

218 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 218, 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 42,000

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 218 sits

All 66 studios →

218 last sold in December 2024 at AED 984 per sqft, 8% above what studios in MAG 565 were fetching at the time (AED 914). 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.

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

218, MAG 565 in numbers

  • Sold 3 times: first on 3 September 2018 for AED 383,000, last on 6 December 2024 for AED 430,000 (AED 984 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 6 December 2024.

Questions about 218, MAG 565

What did unit 218 last sell for?

AED 430,000 on 6 December 2024: AED 984 per sqft for 437 sqft. The unit has 3 registered sales; the first was AED 383,000 in September 2018.

How big is unit 218?

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

What is unit 218 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 218, MAG 565

Starts from the last sale price (AED 430K, 6 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 430,000
Deposit, UAE resident (20%)
AED 86,000
Deposit, non-resident (40%)
AED 172,000
Monthly over 25 years at 3.7%
AED 1,759

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