2-bed · 668 sqftMAG 565, Dubai South · 3rd floor · completed 2020

310, MAG 565

Sold prices and rental history: sold once, by the developer in September 2020, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 310 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 497K15 September 2020
Current rentAED 39K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 310, MAG 565

What is 310 worth today?

Last sold for AED 497,000 in 2020

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1 Oct 2024RentedRenewal
AED 39,100/yr12 months · AED 59 per sqft
1 Oct 2021RentedNew contract
AED 27,000/yr12 months · AED 40 per sqft
15 Sep 2020Sold by developerReady
AED 497,000AED 743 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed apartment
Size
668 sqft
Floor
3rd of 6
Parking
G-54
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 497K · September 2020
Building
MAG 565

About 310, MAG 565

310 is a two-bedroom apartment of 668 sqft on the 3rd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 15 September 2020 for AED 497,000, or AED 743 per sqft, in line with the AED 743 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 39,100 a year: a gross yield of 7.9% on the 2020 price, before the service charge of about AED 10,900 a year.

Sales and rents for 310 over time

Sales
Unit 310, each saleTypical two-bed in MAG 565
600K2018202020222024Typical sale price by year: 2018 AED 688,548; 2019 AED 497,000; 2020 AED 497,000; 2022 AED 750,000; 2023 AED 530,000Sold by developer, September 2020: AED 497,000 (AED 743 per sqft)

310 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 310, each contractTypical two-bed in MAG 565
40K2020202220242026Typical rent by year: 2020 AED 40,000; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 42,000; 2024 AED 46,830; 2025 AED 49,500New contract, October 2021: AED 27,000 a yearRenewal, October 2024: AED 39,100 a year

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

2-beds in MAG 565, and where 310 sits

All 18 2-beds →

310 last sold in September 2020 at AED 743 per sqft, in line with what two-beds in MAG 565 were fetching at the time (AED 743).

Recent 2-bed salesUnit no.Price (AED)Summary
4 Apr 2025720,000
3 Jun 2024640,000
20 Jun 2023530,000
4 Apr 2023650,054
0 2-bed sales 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 3rd floor

All 132 units in MAG 565
Value
3011-bedAED 400K · Aug 2023
302StudioAED 390K · Jun 2018
303StudioAED 372K · Apr 2020
3041-bedAED 625K · Nov 2025
3052-bedAED 530K · Sep 2018
3061-bedAED 435K · Sep 2018
307StudioAED 398K · Apr 2018
1–7 of 21

310, MAG 565 in numbers

  • Sold once: by MAG on 15 September 2020 for AED 497,000, or AED 743 per sqft.
  • Rented since October 2021 on 2 Ejari contracts, from AED 27,000 to AED 39,100 a year.
  • At AED 39,100 a year the gross yield on the 2020 price is 7.9%, before a service charge of about AED 10,900 a year (AED 16.26 per sqft).

Source: Dubai Land Department. Updated 1 October 2024.

Questions about 310, MAG 565

What did unit 310 last sell for?

AED 497,000 on 15 September 2020, sold by the developer: AED 743 per sqft for 668 sqft. It is the only registered sale of the unit.

What is the rent for unit 310?

AED 39,100 a year on the contract renewed on 1 October 2024. The previous contract, from October 2021, was AED 27,000.

How big is unit 310?

668 sqft (62.1 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 310 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 310, MAG 565

Starts from the last sale price (AED 497K, 15 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 497,000
Deposit, UAE resident (20%)
AED 99,400
Deposit, non-resident (40%)
AED 198,800
Monthly over 25 years at 3.7%
AED 2,033

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