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

218, MAG 560

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 5 March 2024
Last soldAED 355K5 March 2024
Current rentAED 30K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 218, MAG 560

What is 218 worth today?

Last sold for AED 355,000 in 2024

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5 Mar 2024SoldReady
AED 355,000AED 812 per sqft
1 Aug 2023RentedRenewal
AED 30,000/yr12 months · AED 68 per sqft
1 Aug 2022RentedRenewal
AED 30,000/yr12 months · AED 68 per sqft
1 Aug 2021RentedNew contract
AED 18,000/yr12 months · AED 41 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 5 March 2024.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
2nd of 6
Parking
G-40
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 355K · March 2024
Building
MAG 560

About 218, MAG 560

218 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 5 March 2024 for AED 355,000, or AED 812 per sqft, in line with the AED 833 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 30,000 a year: a gross yield of 8.5% on the 2024 price, before the service charge of about AED 7,800 a year.

Sales and rents for 218 over time

Sales
Unit 218, 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, March 2024: AED 355,000 (AED 812 per sqft)

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

Rents
Unit 218, 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, March 2020: AED 20,000 a yearNew contract, August 2021: AED 18,000 a yearRenewal, August 2022: AED 30,000 a yearRenewal, August 2023: 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 218 sits

All 60 studios →

218 last sold in March 2024 at AED 812 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 833). 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. 218'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 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

218, MAG 560 in numbers

  • Sold twice: first on 27 November 2017 for AED 399,000, last on 5 March 2024 for AED 355,000 (AED 812 per sqft).
  • Rented since March 2020 on 4 Ejari contracts, from AED 20,000 to AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2024 price is 8.5%, 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 5 March 2024.

Questions about 218, MAG 560

What did unit 218 last sell for?

AED 355,000 on 5 March 2024: AED 812 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 218?

AED 30,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 30,000; the unit has been rented since March 2020.

How big is unit 218?

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

What is unit 218 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 218, MAG 560

Starts from the last sale price (AED 355K, 5 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 355,000
Deposit, UAE resident (20%)
AED 71,000
Deposit, non-resident (40%)
AED 142,000
Monthly over 25 years at 3.7%
AED 1,452

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