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Studio · 387 sqftMAG 560, Dubai South · 2nd floor · completed 2020

202, MAG 560

Sold prices and rental history: sold twice, last in October 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 14 October 2022
Last soldAED 275K14 October 2022
Current rentAED 16K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 202, MAG 560

What is 202 worth today?

Last sold for AED 275,000 in 2022

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14 Oct 2022SoldReady
AED 275,000AED 710 per sqft
1 Aug 2021RentedRenewal
AED 16,000/yr12 months · AED 41 per sqft
1 Aug 2020RentedNew contract
AED 16,000/yr12 months · AED 41 per sqft
25 Aug 2019Sold by developerOff-plan
AED 360,000AED 930 per sqft

Source: Dubai Land Department. Updated 14 October 2022.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
2nd of 6
Parking
G-24
Developer
MAG
Completed
2020
Service charge
AED 6,900 /yr
Last sold
AED 275K · October 2022
Building
MAG 560

About 202, MAG 560

202 is a studio of 387 sqft on the 2nd floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 14 October 2022 for AED 275,000, or AED 710 per sqft, in line with the AED 710 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 1 August 2021, is AED 16,000 a year: a gross yield of 5.8% on the 2022 price, before the service charge of about AED 6,900 a year.

Sales and rents for 202 over time

Sales
Unit 202, 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, August 2019: AED 360,000 (AED 930 per sqft)Sold, October 2022: AED 275,000 (AED 710 per sqft)

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

Rents
Unit 202, 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, August 2020: AED 16,000 a yearRenewal, August 2021: AED 16,000 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 202 sits

All 60 studios →

202 last sold in October 2022 at AED 710 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 710). 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. 202's AED 16,000 is at the bottom 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 2nd floor

All 132 units in MAG 560
Value
2011-bedAED 400K · Feb 2022
203StudioAED 369K · Oct 2017
2041-bedAED 430K · Aug 2018
2052-bedAED 710K · Aug 2025
2061-bedAED 475K · Jul 2024
207StudioAED 320K · Jan 2024
208StudioAED 310K · Jul 2017
1–7 of 21

202, MAG 560 in numbers

  • Sold twice: first on 25 August 2019 for AED 360,000, last on 14 October 2022 for AED 275,000 (AED 710 per sqft).
  • Rented since August 2020 on 2 Ejari contracts, at AED 16,000 a year.
  • At AED 16,000 a year the gross yield on the 2022 price is 5.8%, before a service charge of about AED 6,900 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 14 October 2022.

Questions about 202, MAG 560

What did unit 202 last sell for?

AED 275,000 on 14 October 2022: AED 710 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 360,000 in August 2019.

What is the rent for unit 202?

AED 16,000 a year on the contract renewed on 1 August 2021. The previous contract, from August 2020, was AED 16,000.

How big is unit 202?

387 sqft (36.0 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 202 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 202, MAG 560

Starts from the last sale price (AED 275K, 14 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 275,000
Deposit, UAE resident (20%)
AED 55,000
Deposit, non-resident (40%)
AED 110,000
Monthly over 25 years at 3.7%
AED 1,125

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