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Studio · 360 sqftMAG 565, Dubai South · 3rd floor · completed 2020

321, MAG 565

Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 321 · DLD and Ejari recordsUpdated 1 June 2025
Last soldAED 374K20 May 2019
Current rentAED 24K /yr1 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 321, MAG 565

What is 321 worth today?

Last sold for AED 373,800 in 2019

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1 Jun 2025RentedRenewal
AED 24,000/yr12 months · AED 68 per sqft
1 Jun 2024RentedRenewal
AED 22,500/yr12 months · AED 63 per sqft
1 Jun 2023RentedRenewal
AED 18,000/yr12 months · AED 51 per sqft
1 Jun 2021RentedNew contract
AED 18,000/yr12 months · AED 51 per sqft
20 May 2019Sold by developerOff-plan
AED 373,800AED 1,038 per sqft

Source: Dubai Land Department. Updated 1 June 2025.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
3rd of 6
Parking
G-65
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 374K · May 2019
Building
MAG 565

About 321, MAG 565

321 is a studio of 360 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 20 May 2019 for AED 373,800, or AED 1,038 per sqft, 12% above the AED 923 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 June 2025, is AED 24,000 a year: a gross yield of 6.4% on the 2019 price, before the service charge of about AED 5,900 a year.

Sales and rents for 321 over time

Sales
Unit 321, 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, May 2019: AED 373,800 (AED 1,038 per sqft)

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

Rents
Unit 321, 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, June 2021: AED 18,000 a yearRenewal, June 2023: AED 18,000 a yearRenewal, June 2024: AED 22,500 a yearRenewal, June 2025: AED 24,000 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 321 sits

All 66 studios →

321 last sold in May 2019 at AED 1,038 per sqft, 12% above 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. 321's AED 24,000 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 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

321, MAG 565 in numbers

  • Sold once: by MAG on 20 May 2019 for AED 373,800, or AED 1,038 per sqft.
  • Rented since June 2021 on 4 Ejari contracts, from AED 18,000 to AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2019 price is 6.4%, 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 1 June 2025.

Questions about 321, MAG 565

What did unit 321 last sell for?

AED 373,800 on 20 May 2019, sold by the developer: AED 1,038 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 321?

AED 24,000 a year on the contract renewed on 1 June 2025. The previous contract, from June 2024, was AED 22,500; the unit has been rented since June 2021.

How big is unit 321?

360 sqft (33.4 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 321 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 321, MAG 565

Starts from the last sale price (AED 374K, 20 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 373,800
Deposit, UAE resident (20%)
AED 74,760
Deposit, non-resident (40%)
AED 149,520
Monthly over 25 years at 3.7%
AED 1,529

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