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Studio · 437 sqftMAG 565, Dubai South · 5th floor · completed 2020

518, 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.

Unit 518 · DLD and Ejari recordsUpdated 21 April 2025
Last soldAED 402K10 May 2018
Current rentAED 40K /yr21 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 518, MAG 565

What is 518 worth today?

Last sold for AED 402,000 in 2018

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21 Apr 2025RentedNew contract
AED 40,000/yr12 months · AED 91 per sqft
25 Mar 2024RentedNew contract
AED 37,000/yr12 months · AED 85 per sqft
25 Feb 2023RentedNew contract
AED 27,000/yr12 months · AED 62 per sqft
10 May 2018Sold by developerOff-plan
AED 402,000AED 920 per sqft

Source: Dubai Land Department. Updated 21 April 2025.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
5th of 6
Parking
G-106
Developer
MAG
Completed
2020
Service charge
AED 7,100 /yr
Last sold
AED 402K · May 2018
Building
MAG 565

About 518, MAG 565

518 is a studio of 437 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 10 May 2018 for AED 402,000, or AED 920 per sqft, 8% below the AED 996 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 21 April 2025, is AED 40,000 a year: a gross yield of 10.0% on the 2018 price, before the service charge of about AED 7,100 a year.

Sales and rents for 518 over time

Sales
Unit 518, 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 2018: AED 402,000 (AED 920 per sqft)

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

Rents
Unit 518, 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, February 2023: AED 27,000 a yearNew contract, March 2024: AED 37,000 a yearNew contract, April 2025: AED 40,000 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 518 sits

All 66 studios →

518 last sold in May 2018 at AED 920 per sqft, 8% below what studios in MAG 565 were fetching at the time (AED 996). 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. 518's AED 40,000 is in the upper 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 5th floor

All 132 units in MAG 565
Value
5011-bedAED 502K · Mar 2019
502StudioAED 250K · Jul 2020
503StudioAED 330K · Nov 2023
5041-bedAED 437K · Nov 2019
5052-bedAED 562K · Jul 2018
5061-bedAED 425K · May 2018
507StudioAED 446K · Mar 2025
1–7 of 21

518, MAG 565 in numbers

  • Sold once: by MAG on 10 May 2018 for AED 402,000, or AED 920 per sqft.
  • Rented since February 2023 on 3 Ejari contracts, from AED 27,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2018 price is 10.0%, 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 21 April 2025.

Questions about 518, MAG 565

What did unit 518 last sell for?

AED 402,000 on 10 May 2018, sold by the developer: AED 920 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 518?

AED 40,000 a year on the contract signed on 21 April 2025. The previous contract, from March 2024, was AED 37,000; the unit has been rented since February 2023.

How big is unit 518?

437 sqft (40.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 518 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 518, MAG 565

Starts from the last sale price (AED 402K, 10 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 402,000
Deposit, UAE resident (20%)
AED 80,400
Deposit, non-resident (40%)
AED 160,800
Monthly over 25 years at 3.7%
AED 1,645

Plus AED 19,794 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →