122, MAG 560
Sold prices and rental history: sold once, by the developer in February 2020, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 122, MAG 560
What is 122 worth today?
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Source: Dubai Land Department. Updated 1 December 2022.
Key facts
- Type
- Studio apartment
- Size
- 360 sqft
- Floor
- 1st of 6
- Parking
- G-22
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,400 /yr
- Last sold
- AED 320K · February 2020
- Building
- MAG 560
About 122, MAG 560
122 is a studio of 360 sqft on the 1st floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 20 February 2020 for AED 320,000, or AED 888 per sqft, 4% below the AED 926 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 1 December 2022, is AED 23,000 a year: a gross yield of 7.2% on the 2020 price, before the service charge of about AED 6,400 a year.
Sales and rents for 122 over time
122 has sold once; the dashed line is the studio median of each year in the building.
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 122 sits
All 60 studios →122 last sold in February 2020 at AED 888 per sqft, 4% below what studios in MAG 560 were fetching at the time (AED 926). 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. 122's AED 23,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jun 202610 June 2026 | 410 sqft | 430,000 | 1,049 | ||
| 4 Dec 20254 December 2025 | 410 sqft | 495,000 | 1,206 | ||
| 15 Sep 202515 September 2025 | 437 sqft | 465,000 | 1,064 | ||
| 11 Aug 202511 August 2025 | 360 sqft | 430,000 | 1,194 |
MAG 560
Building132 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%
Other units on the 1st floor
All 132 units in MAG 560| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 444KAED 443,897 · Aug 2021August 2021 | 62,000 /yr | |
| 102 | Studio | 387 sqft | AED 300KAED 300,000 · Jun 2023June 2023 | 40,000 /yr | |
| 103 | Studio | 365 sqft | AED 380KAED 380,000 · Sep 2019September 2019 | 38,000 /yr | |
| 104 | 1-bed | 478 sqft | AED 360KAED 360,000 · Jan 2024January 2024 | 45,000 /yr | |
| 105 | 2-bed | 666 sqft | AED 510KAED 510,000 · Sep 2023September 2023 | 45,600 /yr | |
| 106 | 1-bed | 483 sqft | AED 358KAED 358,197 · Dec 2020December 2020 | ||
| 107 | Studio | 387 sqft | AED 340KAED 340,000 · Sep 2019September 2019 | 26,460 /yr | |
| 108 | Studio | 347 sqft | AED 390KAED 390,000 · Sep 2024September 2024 | 30,000 /yr | |
| 109 | 1-bed | 478 sqft | AED 460KAED 460,000 · Jul 2024July 2024 | 35,000 /yr | |
| 110 | 2-bed | 665 sqft | AED 562KAED 562,367 · Sep 2019September 2019 | ||
| 111 | 1-bed | 483 sqft | AED 470KAED 470,000 · Jun 2018June 2018 | 40,000 /yr | |
| 112 | 1-bed | 656 sqft | AED 466KAED 465,577 · Jul 2021July 2021 | 36,750 /yr | |
| 113 | 1-bed | 622 sqft | AED 519KAED 518,750 · Jul 2020July 2020 | ||
| 114 | 1-bed | 638 sqft | AED 580KAED 580,000 · Dec 2024December 2024 | 50,000 /yr | |
| 115 | Studio | 410 sqft | AED 390KAED 390,000 · Oct 2017October 2017 | 41,000 /yr | |
| 116 | Studio | 410 sqft | AED 360KAED 360,000 · Feb 2018February 2018 | 27,387 /yr | |
| 117 | Studio | 437 sqft | AED 365KAED 365,000 · Aug 2023August 2023 | 30,000 /yr | |
| 118 | Studio | 437 sqft | AED 410KAED 410,000 · Sep 2019September 2019 | 19,500 /yr | |
| 119 | 1-bed | 514 sqft | AED 480KAED 480,000 · Oct 2019October 2019 | 22,000 /yr | |
| 120 | 1-bed | 514 sqft | AED 465KAED 465,000 · May 2018May 2018 | 44,000 /yr | |
| 121 | Studio | 360 sqft | AED 430KAED 430,000 · Aug 2025August 2025 | 37,000 /yr |
122, MAG 560 in numbers
- Sold once: by MAG on 20 February 2020 for AED 320,000, or AED 888 per sqft.
- Rented since April 2020 on 3 Ejari contracts, from AED 20,000 to AED 23,000 a year.
- At AED 23,000 a year the gross yield on the 2020 price is 7.2%, before a service charge of about AED 6,400 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 1 December 2022.
Questions about 122, MAG 560
What did unit 122 last sell for?
AED 320,000 on 20 February 2020, sold by the developer: AED 888 per sqft for 360 sqft. It is the only registered sale of the unit.
What is the rent for unit 122?
AED 23,000 a year on the contract signed on 1 December 2022. The previous contract, from September 2021, was AED 19,000; the unit has been rented since April 2020.
How big is unit 122?
360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 122 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 122, MAG 560
Starts from the last sale price (AED 320K, 20 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 320,000
- Deposit, UAE resident (20%)
- AED 64,000
- Deposit, non-resident (40%)
- AED 128,000
- Monthly over 25 years at 3.7%
- AED 1,309
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →