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Studio · 360 sqftMAG 565, Dubai South · 6th floor · completed 2020

622, MAG 565

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

Unit 622 · DLD and Ejari recordsUpdated 20 April 2025
Last soldAED 325K16 July 2018
Current rentAED 28K /yr20 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 622, MAG 565

What is 622 worth today?

Last sold for AED 325,000 in 2018

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20 Apr 2025RentedRenewal
AED 27,500/yr6 months · AED 76 per sqft
20 Apr 2024RentedRenewal
AED 25,000/yr12 months · AED 69 per sqft
20 Apr 2023RentedNew contract
AED 25,000/yr12 months · AED 69 per sqft
10 Apr 2022RentedNew contract
AED 20,000/yr12 months · AED 56 per sqft
6 Mar 2021RentedNew contract
AED 17,000/yr12 months · AED 48 per sqft
16 Jul 2018Sold by developerOff-plan
AED 325,000AED 902 per sqft

Source: Dubai Land Department. Updated 20 April 2025.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
6th of 6
Parking
G-132
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 325K · July 2018
Building
MAG 565

About 622, MAG 565

622 is a studio of 360 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 16 July 2018 for AED 325,000, or AED 902 per sqft, in line with the AED 927 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 20 April 2025, is AED 27,500 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 5,900 a year.

Sales and rents for 622 over time

Sales
Unit 622, 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, July 2018: AED 325,000 (AED 902 per sqft)

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

Rents
Unit 622, 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, March 2021: AED 17,000 a yearNew contract, April 2022: AED 20,000 a yearNew contract, April 2023: AED 25,000 a yearRenewal, April 2024: AED 25,000 a yearRenewal, April 2025: AED 27,500 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 622 sits

All 66 studios →

622 last sold in July 2018 at AED 902 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 927). 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. 622's AED 27,500 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

622, MAG 565 in numbers

  • Sold once: by MAG on 16 July 2018 for AED 325,000, or AED 902 per sqft.
  • Rented since March 2021 on 5 Ejari contracts, from AED 17,000 to AED 27,500 a year.
  • At AED 27,500 a year the gross yield on the 2018 price is 8.5%, 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 20 April 2025.

Questions about 622, MAG 565

What did unit 622 last sell for?

AED 325,000 on 16 July 2018, sold by the developer: AED 902 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 622?

AED 27,500 a year on the contract renewed on 20 April 2025. The previous contract, from April 2024, was AED 25,000; the unit has been rented since March 2021.

How big is unit 622?

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

What is unit 622 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 622, MAG 565

Starts from the last sale price (AED 325K, 16 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 325,000
Deposit, UAE resident (20%)
AED 65,000
Deposit, non-resident (40%)
AED 130,000
Monthly over 25 years at 3.7%
AED 1,330

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