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Studio · 383 sqftMAG 565, Dubai South · 6th floor · completed 2020

614, MAG 565

Sold prices and rental history: sold once, by the developer in April 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 614 · DLD and Ejari recordsUpdated 1 June 2025
Last soldAED 355K2 April 2018
Current rentAED 41K /yr1 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 614, MAG 565

What is 614 worth today?

Last sold for AED 355,000 in 2018

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1 Jun 2025RentedNew contract
AED 41,000/yr12 months · AED 106 per sqft
10 Aug 2023RentedNew contract
AED 27,000/yr12 months · AED 71 per sqft
27 Jul 2022RentedRenewal
AED 18,000/yr12 months · AED 47 per sqft
27 Jul 2021RentedNew contract
AED 18,000/yr12 months · AED 47 per sqft
2 Apr 2018Sold by developerOff-plan
AED 355,000AED 927 per sqft

Source: Dubai Land Department. Updated 1 June 2025.

Key facts

Type
Studio apartment
Size
383 sqft
Floor
6th of 6
Parking
G-124
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 355K · April 2018
Building
MAG 565

About 614, MAG 565

614 is a studio of 383 sqft on the 6th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 2 April 2018 for AED 355,000, or AED 927 per sqft, 7% below the AED 998 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 June 2025, is AED 41,000 a year: a gross yield of 11.6% on the 2018 price, before the service charge of about AED 6,200 a year.

Sales and rents for 614 over time

Sales
Unit 614, 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, April 2018: AED 355,000 (AED 927 per sqft)

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

Rents
Unit 614, 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, July 2021: AED 18,000 a yearRenewal, July 2022: AED 18,000 a yearNew contract, August 2023: AED 27,000 a yearNew contract, June 2025: AED 41,000 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 614 sits

All 66 studios →

614 last sold in April 2018 at AED 927 per sqft, 7% below what studios in MAG 565 were fetching at the time (AED 998). 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. 614's AED 41,000 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 6th floor

All 132 units in MAG 565
Value
6011-bedAED 447K · Jul 2021
602StudioAED 250K · Sep 2020
603StudioAED 270K · Sep 2022
6041-bedAED 437K · Nov 2019
6052-bedAED 530K · Jun 2023
6061-bedAED 425K · Feb 2018
607StudioAED 490K · Feb 2025
1–7 of 21

614, MAG 565 in numbers

  • Sold once: by MAG on 2 April 2018 for AED 355,000, or AED 927 per sqft.
  • Rented since July 2021 on 4 Ejari contracts, from AED 18,000 to AED 41,000 a year.
  • At AED 41,000 a year the gross yield on the 2018 price is 11.6%, before a service charge of about AED 6,200 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 614, MAG 565

What did unit 614 last sell for?

AED 355,000 on 2 April 2018, sold by the developer: AED 927 per sqft for 383 sqft. It is the only registered sale of the unit.

What is the rent for unit 614?

AED 41,000 a year on the contract signed on 1 June 2025. The previous contract, from August 2023, was AED 27,000; the unit has been rented since July 2021.

How big is unit 614?

383 sqft (35.6 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 614 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 614, MAG 565

Starts from the last sale price (AED 355K, 2 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

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