Home
Dubai prices
About
Research
Studio · 437 sqftMAG 565, Dubai South · 6th floor · completed 2020

618, MAG 565

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

Unit 618 · DLD and Ejari recordsUpdated 6 February 2023
Last soldAED 395K23 April 2019
Current rentAED 24K /yr6 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 618

Property timeline for 618, MAG 565

What is 618 worth today?

Last sold for AED 395,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

6 Feb 2023RentedNew contract
AED 24,000/yr12 months · AED 54 per sqft
1 Feb 2021RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
23 Apr 2019Sold by developerOff-plan
AED 395,000AED 904 per sqft

Source: Dubai Land Department. Updated 6 February 2023.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
6th of 6
Parking
G-128
Developer
MAG
Completed
2020
Service charge
AED 7,100 /yr
Last sold
AED 395K · April 2019
Building
MAG 565

About 618, MAG 565

618 is a studio of 437 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 23 April 2019 for AED 395,000, or AED 904 per sqft, in line with the AED 920 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 6 February 2023, is AED 24,000 a year: a gross yield of 6.1% on the 2019 price, before the service charge of about AED 7,100 a year.

Sales and rents for 618 over time

Sales
Unit 618, 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 2019: AED 395,000 (AED 904 per sqft)

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

Rents
Unit 618, 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 2021: AED 20,000 a yearNew contract, February 2023: 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 618 sits

All 66 studios →

618 last sold in April 2019 at AED 904 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 920). 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. 618'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 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

618, MAG 565 in numbers

  • Sold once: by MAG on 23 April 2019 for AED 395,000, or AED 904 per sqft.
  • Rented since February 2021 on 2 Ejari contracts, from AED 20,000 to AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2019 price is 6.1%, 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 6 February 2023.

Questions about 618, MAG 565

What did unit 618 last sell for?

AED 395,000 on 23 April 2019, sold by the developer: AED 904 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 618?

AED 24,000 a year on the contract signed on 6 February 2023. The previous contract, from February 2021, was AED 20,000.

How big is unit 618?

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

What is unit 618 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.

Selling 618? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 618, MAG 565

Starts from the last sale price (AED 395K, 23 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 395,000
Deposit, UAE resident (20%)
AED 79,000
Deposit, non-resident (40%)
AED 158,000
Monthly over 25 years at 3.7%
AED 1,616

Plus AED 19,500 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →