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Studio · 437 sqftMAG 560, Dubai South · 2nd floor · completed 2020

217, MAG 560

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 217 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 380K27 December 2023
Current rentAED 42K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 217, MAG 560

What is 217 worth today?

Last sold for AED 380,000 in 2023

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1 Nov 2026RentedNew contract
AED 42,000/yr12 months · AED 96 per sqft
20 Oct 2024RentedNew contract
AED 39,000/yr12 months · AED 88 per sqft
27 Dec 2023SoldReady
AED 380,000AED 869 per sqft
5 Sep 2022RentedNew contract
AED 21,500/yr12 months · AED 49 per sqft
1 Mar 2020RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
27 Nov 2017Sold by developerOff-plan
AED 399,000AED 913 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
2nd of 6
Parking
G-39
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 380K · December 2023
Building
MAG 560

About 217, MAG 560

217 is a studio of 437 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 December 2023 for AED 380,000, or AED 869 per sqft, 4% above the AED 835 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 1 November 2026, is AED 42,000 a year: a gross yield of 11.1% on the 2023 price, before the service charge of about AED 7,800 a year.

Sales and rents for 217 over time

Sales
Unit 217, 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, November 2017: AED 399,000 (AED 913 per sqft)Sold, December 2023: AED 380,000 (AED 869 per sqft)

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

Rents
Unit 217, each contractTypical studio in MAG 560
20K40K2020202220242026Typical 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, March 2020: AED 20,000 a yearNew contract, September 2022: AED 21,500 a yearNew contract, October 2024: AED 39,000 a yearNew contract, November 2026: AED 42,000 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 217 sits

All 60 studios →

217 last sold in December 2023 at AED 869 per sqft, 4% above what studios in MAG 560 were fetching at the time (AED 835). 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. 217's AED 42,000 is in the upper 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

217, MAG 560 in numbers

  • Sold twice: first on 27 November 2017 for AED 399,000, last on 27 December 2023 for AED 380,000 (AED 869 per sqft).
  • Rented since March 2020 on 4 Ejari contracts, from AED 20,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2023 price is 11.1%, 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 1 November 2026.

Questions about 217, MAG 560

What did unit 217 last sell for?

AED 380,000 on 27 December 2023: AED 869 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 399,000 in November 2017.

What is the rent for unit 217?

AED 42,000 a year on the contract signed on 1 November 2026. The previous contract, from October 2024, was AED 39,000; the unit has been rented since March 2020.

How big is unit 217?

437 sqft (40.6 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 217 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 217, MAG 560

Starts from the last sale price (AED 380K, 27 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 380,000
Deposit, UAE resident (20%)
AED 76,000
Deposit, non-resident (40%)
AED 152,000
Monthly over 25 years at 3.7%
AED 1,555

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