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Studio · 437 sqftMAG 560, Dubai South · 1st floor · completed 2020

117, MAG 560

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 117 · DLD and Ejari recordsUpdated 3 July 2026
Last soldAED 365K23 August 2023
Current rentAED 30K /yr3 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 117, MAG 560

What is 117 worth today?

Last sold for AED 365,000 in 2023

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3 Jul 2026RentedRenewal
AED 30,000/yr12 months · AED 69 per sqft
3 Jul 2025RentedRenewal
AED 26,000/yr12 months · AED 60 per sqft
3 Jul 2024RentedRenewal
AED 26,000/yr12 months · AED 60 per sqft
23 Aug 2023SoldReady
AED 365,000AED 835 per sqft
3 Jul 2023RentedNew contract
AED 25,000/yr12 months · AED 57 per sqft
26 May 2022RentedNew contract
AED 23,000/yr12 months · AED 52 per sqft
31 Jul 2017Sold by developerOff-plan
AED 399,000AED 913 per sqft

Source: Dubai Land Department. Updated 3 July 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
1st of 6
Parking
G-17
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 365K · August 2023
Building
MAG 560

About 117, MAG 560

117 is a studio of 437 sqft on the 1st floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 August 2023 for AED 365,000, or AED 835 per sqft, 9% above the AED 766 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 3 July 2026, is AED 30,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 7,800 a year.

Sales and rents for 117 over time

Sales
Unit 117, each saleTypical studio in MAG 560
300K400K2017202020232026Typical sale price by year: 2017 AED 342,780; 2018 AED 340,000; 2019 AED 350,000; 2020 AED 327,750; 2021 AED 278,847; 2022 AED 299,000; 2023 AED 320,000; 2024 AED 370,000; 2025 AED 460,000Sold by developer, July 2017: AED 399,000 (AED 913 per sqft)Sold, August 2023: AED 365,000 (AED 835 per sqft)

117 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 117, each contractTypical studio in MAG 560
20K30K40K2020202220242026Typical rent by year: 2020 AED 20,000; 2021 AED 19,000; 2022 AED 21,250; 2023 AED 25,000; 2024 AED 31,000; 2025 AED 37,000; 2026 AED 38,000New contract, May 2022: AED 23,000 a yearNew contract, July 2023: AED 25,000 a yearRenewal, July 2024: AED 26,000 a yearRenewal, July 2025: AED 26,000 a yearRenewal, July 2026: AED 30,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in MAG 560, and where 117 sits

All 60 studios →

117 last sold in August 2023 at AED 835 per sqft, 9% above what studios in MAG 560 were fetching at the time (AED 766). Over the last 12 months studios sold for AED 430,000 to 495,000, around AED 1,128 per sqft, and rent for AED 20,000 to 46,000 a year. 117's AED 30,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Jun 2026430,000
4 Dec 2025495,000
15 Sep 2025465,000
11 Aug 2025430,000
2 studio sales in the last 12 months

MAG 560

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 4 sold in the last 12 months.

Typical price per sqft
AED 1,085
Typical sale
AED 558K
Typical rent
AED 42K /yr
Typical yield
8.5%
MAG 560, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 560
Value
1011-bedAED 444K · Aug 2021
102StudioAED 300K · Jun 2023
103StudioAED 380K · Sep 2019
1041-bedAED 360K · Jan 2024
1052-bedAED 510K · Sep 2023
1061-bedAED 358K · Dec 2020
107StudioAED 340K · Sep 2019
1–7 of 21

117, MAG 560 in numbers

  • Sold twice: first on 31 July 2017 for AED 399,000, last on 23 August 2023 for AED 365,000 (AED 835 per sqft).
  • Rented since May 2022 on 5 Ejari contracts, from AED 23,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2023 price is 8.2%, before a service charge of about AED 7,800 a year (AED 17.79 per sqft).
  • Studios in MAG 560 sold for AED 430,000–495,000 in the 12 months to November 2026; the building's median across all types is AED 1,085 per sqft.

Source: Dubai Land Department. Updated 3 July 2026.

Questions about 117, MAG 560

What did unit 117 last sell for?

AED 365,000 on 23 August 2023: AED 835 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 399,000 in July 2017.

What is the rent for unit 117?

AED 30,000 a year on the contract renewed on 3 July 2026. The previous contract, from July 2025, was AED 26,000; the unit has been rented since May 2022.

How big is unit 117?

437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 117 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 560 sold for AED 430,000 to 495,000 in the last 12 months, around AED 1,128 per sqft.

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Mortgage on 117, MAG 560

Starts from the last sale price (AED 365K, 23 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 365,000
Deposit, UAE resident (20%)
AED 73,000
Deposit, non-resident (40%)
AED 146,000
Monthly over 25 years at 3.7%
AED 1,493

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