508, MAG 565
Sold prices and rental history: sold once, by the developer in May 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, MAG 565
What is 508 worth today?
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Source: Dubai Land Department. Updated 26 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 349 sqft
- Floor
- 5th of 6
- Parking
- G-96
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 5,700 /yr
- Last sold
- AED 320K · May 2018
- Building
- MAG 565
About 508, MAG 565
508 is a studio of 349 sqft on the 5th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 22 May 2018 for AED 320,000, or AED 916 per sqft, 8% below the AED 992 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 26 May 2025, is AED 29,000 a year: a gross yield of 9.1% on the 2018 price, before the service charge of about AED 5,700 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the studio median of each year in the building.
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 508 sits
All 66 studios →508 last sold in May 2018 at AED 916 per sqft, 8% below what studios in MAG 565 were fetching at the time (AED 992). 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. 508's AED 29,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Nov 202522 November 2025 | 437 sqft | 500,000 | 1,144 | ||
| 10 Jul 202510 July 2025 | 410 sqft | 460,000 | 1,121 | ||
| 30 Jun 202530 June 2025 | 383 sqft | 430,000 | 1,124 | ||
| 19 Jun 202519 June 2025 | 410 sqft | 460,000 | 1,121 |
MAG 565
Building132 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%
Other units on the 5th floor
All 132 units in MAG 565| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 502KAED 502,327 · Mar 2019March 2019 | 24,080 /yr | |
| 502 | Studio | 389 sqft | AED 250KAED 250,000 · Jul 2020July 2020 | 33,000 /yr | |
| 503 | Studio | 365 sqft | AED 330KAED 330,000 · Nov 2023November 2023 | 37,800 /yr | |
| 504 | 1-bed | 481 sqft | AED 437KAED 437,000 · Nov 2019November 2019 | 42,000 /yr | |
| 505 | 2-bed | 670 sqft | AED 562KAED 562,284 · Jul 2018July 2018 | 40,878 /yr | |
| 506 | 1-bed | 483 sqft | AED 425KAED 425,000 · May 2018May 2018 | 39,000 /yr | |
| 507 | Studio | 389 sqft | AED 446KAED 446,000 · Mar 2025March 2025 | 49,000 /yr | |
| 509 | 1-bed | 481 sqft | AED 420KAED 420,000 · Feb 2024February 2024 | 33,541 /yr | |
| 510 | 2-bed | 668 sqft | AED 497KAED 497,000 · Sep 2019September 2019 | 44,880 /yr | |
| 511 | 1-bed | 483 sqft | AED 425KAED 425,000 · Feb 2018February 2018 | 34,000 /yr | |
| 512 | 2-bed | 914 sqft | AED 750KAED 749,699 · Jul 2018July 2018 | 72,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 468KAED 468,000 · Jul 2018July 2018 | 50,000 /yr | |
| 514 | Studio | 383 sqft | AED 350KAED 350,000 · Aug 2024August 2024 | 40,000 /yr | |
| 515 | Studio | 410 sqft | AED 359KAED 358,950 · Dec 2020December 2020 | 22,000 /yr | |
| 516 | Studio | 410 sqft | AED 460KAED 460,000 · Jun 2025June 2025 | 35,000 /yr | |
| 517 | Studio | 437 sqft | AED 500KAED 500,000 · Nov 2025November 2025 | 42,000 /yr | |
| 518 | Studio | 437 sqft | AED 402KAED 402,000 · May 2018May 2018 | 40,000 /yr | |
| 519 | 1-bed | 514 sqft | AED 550KAED 550,000 · May 2025May 2025 | 50,000 /yr | |
| 520 | 1-bed | 514 sqft | AED 580KAED 580,000 · Jul 2025July 2025 | 45,000 /yr | |
| 521 | Studio | 360 sqft | AED 367KAED 367,300 · Aug 2019August 2019 | ||
| 522 | Studio | 360 sqft | AED 367KAED 367,285 · Dec 2017December 2017 | 37,000 /yr |
508, MAG 565 in numbers
- Sold once: by MAG on 22 May 2018 for AED 320,000, or AED 916 per sqft.
- Rented since May 2023 on 3 Ejari contracts, from AED 24,866 to AED 29,000 a year.
- At AED 29,000 a year the gross yield on the 2018 price is 9.1%, before a service charge of about AED 5,700 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 26 May 2025.
Questions about 508, MAG 565
What did unit 508 last sell for?
AED 320,000 on 22 May 2018, sold by the developer: AED 916 per sqft for 349 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 29,000 a year on the contract renewed on 26 May 2025. The previous contract, from May 2024, was AED 26,500; the unit has been rented since May 2023.
How big is unit 508?
349 sqft (32.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 508 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 508, MAG 565
Starts from the last sale price (AED 320K, 22 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 320,000
- Deposit, UAE resident (20%)
- AED 64,000
- Deposit, non-resident (40%)
- AED 128,000
- Monthly over 25 years at 3.7%
- AED 1,309
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →