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Studio · 410 sqftMAG 560, Dubai South · 2nd floor · completed 2020

215, MAG 560

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 215 · DLD and Ejari recordsUpdated 23 May 2026
Last soldAED 410K27 August 2024
Current rentAED 32K /yr23 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 215, MAG 560

What is 215 worth today?

Last sold for AED 410,000 in 2024

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23 May 2026RentedRenewal
AED 32,000/yr12 months · AED 78 per sqft
23 May 2025RentedNew contract
AED 30,000/yr12 months · AED 73 per sqft
27 Aug 2024SoldReady
AED 410,000AED 1,000 per sqft
23 May 2024RentedRenewal
AED 27,500/yr12 months · AED 67 per sqft
23 May 2023RentedNew contract
AED 25,000/yr12 months · AED 61 per sqft
2 May 2023SoldReady
AED 300,000AED 732 per sqft
12 Apr 2018Sold by developerOff-plan
AED 370,000AED 902 per sqft

Source: Dubai Land Department. Updated 23 May 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
2nd of 6
Parking
G-37
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 410K · August 2024
Building
MAG 560

About 215, MAG 560

215 is a studio of 410 sqft on the 2nd floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 27 August 2024 for AED 410,000, or AED 1,000 per sqft, 11% above the AED 902 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 23 May 2026, is AED 32,000 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 7,300 a year.

Sales and rents for 215 over time

Sales
Unit 215, 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, April 2018: AED 370,000 (AED 902 per sqft)Sold, May 2023: AED 300,000 (AED 732 per sqft)Sold, August 2024: AED 410,000 (AED 1,000 per sqft)

215 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 215, 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 2023: AED 25,000 a yearRenewal, May 2024: AED 27,500 a yearNew contract, May 2025: AED 30,000 a yearRenewal, May 2026: AED 32,000 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 215 sits

All 60 studios →

215 last sold in August 2024 at AED 1,000 per sqft, 11% above what studios in MAG 560 were fetching at the time (AED 902). 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. 215's AED 32,000 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 2nd floor

All 132 units in MAG 560
Value
2011-bedAED 400K · Feb 2022
202StudioAED 275K · Oct 2022
203StudioAED 369K · Oct 2017
2041-bedAED 430K · Aug 2018
2052-bedAED 710K · Aug 2025
2061-bedAED 475K · Jul 2024
207StudioAED 320K · Jan 2024
1–7 of 21

215, MAG 560 in numbers

  • Sold 3 times: first on 12 April 2018 for AED 370,000, last on 27 August 2024 for AED 410,000 (AED 1,000 per sqft).
  • Rented since May 2023 on 4 Ejari contracts, from AED 25,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 7,300 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 23 May 2026.

Questions about 215, MAG 560

What did unit 215 last sell for?

AED 410,000 on 27 August 2024: AED 1,000 per sqft for 410 sqft. The unit has 3 registered sales; the first was AED 370,000 in April 2018.

What is the rent for unit 215?

AED 32,000 a year on the contract renewed on 23 May 2026. The previous contract, from May 2025, was AED 30,000; the unit has been rented since May 2023.

How big is unit 215?

410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 215 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 215, MAG 560

Starts from the last sale price (AED 410K, 27 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 410,000
Deposit, UAE resident (20%)
AED 82,000
Deposit, non-resident (40%)
AED 164,000
Monthly over 25 years at 3.7%
AED 1,677

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