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1-bed · 478 sqftMAG 560, Dubai South · 3rd floor · completed 2020

304, MAG 560

Sold prices and rental history: sold once, by the developer in August 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 22 September 2023
Last soldAED 420K23 August 2017
Current rentAED 40K /yr22 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 304, MAG 560

What is 304 worth today?

Last sold for AED 420,000 in 2017

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22 Sep 2023RentedNew contract
AED 40,000/yr12 months · AED 84 per sqft
10 Jan 2021RentedNew contract
AED 23,000/yr12 months · AED 48 per sqft
20 May 2020RentedNew contract
AED 24,000/yr12 months · AED 50 per sqft
23 Aug 2017Sold by developerOff-plan
AED 420,000AED 878 per sqft

Source: Dubai Land Department. Updated 22 September 2023.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
3rd of 6
Parking
G-49
Developer
MAG
Completed
2020
Service charge
AED 8,500 /yr
Last sold
AED 420K · August 2017
Building
MAG 560

About 304, MAG 560

304 is a one-bedroom apartment of 478 sqft on the 3rd floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 23 August 2017 for AED 420,000, or AED 878 per sqft, 4% below the AED 912 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 22 September 2023, is AED 40,000 a year: a gross yield of 9.5% on the 2017 price, before the service charge of about AED 8,500 a year.

Sales and rents for 304 over time

Sales
Unit 304, each saleTypical one-bed in MAG 560
400K500K600K2017202020232026Typical sale price by year: 2017 AED 465,600; 2018 AED 466,695; 2019 AED 472,558; 2020 AED 480,000; 2021 AED 443,897; 2022 AED 416,123; 2024 AED 460,000; 2025 AED 632,108Sold by developer, August 2017: AED 420,000 (AED 878 per sqft)

304 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 304, each contractTypical one-bed in MAG 560
20K40K2020202220242026Typical rent by year: 2020 AED 24,000; 2021 AED 24,500; 2022 AED 26,000; 2023 AED 30,000; 2024 AED 38,000; 2025 AED 47,868; 2026 AED 50,000New contract, May 2020: AED 24,000 a yearNew contract, January 2021: AED 23,000 a yearNew contract, September 2023: AED 40,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in MAG 560, and where 304 sits

All 60 1-beds →

304 last sold in August 2017 at AED 878 per sqft, 4% below what one-beds in MAG 560 were fetching at the time (AED 912). Over the last 12 months one-beds sold for AED 620,000 to 715,000, around AED 1,047 per sqft, and rent for AED 35,000 to 62,000 a year. 304's AED 40,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Feb 2026715,000
17 Nov 2025620,000
12 May 2025700,000
20 Feb 2025644,215
2 1-bed 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 3rd floor

All 132 units in MAG 560
Value
3011-bedAED 530K · Apr 2018
302StudioAED 330K · Apr 2019
303StudioAED 243K · May 2023
3052-bedAED 499K · Jul 2023
3061-bedAED 465K · Jul 2019
307StudioAED 266K · Aug 2022
308StudioAED 225K · Aug 2022
1–7 of 21

304, MAG 560 in numbers

  • Sold once: by MAG on 23 August 2017 for AED 420,000, or AED 878 per sqft.
  • Rented since May 2020 on 3 Ejari contracts, from AED 24,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2017 price is 9.5%, before a service charge of about AED 8,500 a year (AED 17.79 per sqft).
  • One-beds in MAG 560 sold for AED 620,000–715,000 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 22 September 2023.

Questions about 304, MAG 560

What did unit 304 last sell for?

AED 420,000 on 23 August 2017, sold by the developer: AED 878 per sqft for 478 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 40,000 a year on the contract signed on 22 September 2023. The previous contract, from January 2021, was AED 23,000; the unit has been rented since May 2020.

How big is unit 304?

478 sqft (44.4 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 560 sold for AED 620,000 to 715,000 in the last 12 months, around AED 1,047 per sqft.

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Mortgage on 304, MAG 560

Starts from the last sale price (AED 420K, 23 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 420,000
Deposit, UAE resident (20%)
AED 84,000
Deposit, non-resident (40%)
AED 168,000
Monthly over 25 years at 3.7%
AED 1,718

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