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Studio · 347 sqftMAG 560, Dubai South · 3rd floor · completed 2020

308, MAG 560

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

Unit 308 · DLD and Ejari recordsUpdated 1 April 2026
Last soldAED 225K3 August 2022
Current rentAED 39K /yr1 April 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, MAG 560

What is 308 worth today?

Last sold for AED 225,000 in 2022

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1 Apr 2026RentedNew contract
AED 39,000/yr12 months · AED 113 per sqft
25 Mar 2025RentedNew contract
AED 38,000/yr12 months · AED 110 per sqft
19 Aug 2024RentedNew contract
AED 36,000/yr12 months · AED 105 per sqft
12 Jul 2023RentedNew contract
AED 29,000/yr12 months · AED 84 per sqft
10 Sep 2022RentedNew contract
AED 22,900/yr12 months · AED 66 per sqft
3 Aug 2022SoldReady
AED 225,000AED 647 per sqft
10 May 2021RentedRenewal
AED 18,000/yr12 months · AED 52 per sqft
10 May 2020RentedNew contract
AED 18,000/yr12 months · AED 52 per sqft

Source: Dubai Land Department. Updated 1 April 2026.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
3rd of 6
Parking
G-53
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 225K · August 2022
Building
MAG 560

About 308, MAG 560

308 is a studio of 347 sqft on the 3rd floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 3 August 2022 for AED 225,000, or AED 647 per sqft.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 1 April 2026, is AED 39,000 a year: a gross yield of 17.3% on the 2022 price, before the service charge of about AED 6,200 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical studio in MAG 560
200K400K2017202020232026Typical 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 2019: AED 320,000 (AED 921 per sqft)Sold, August 2022: AED 225,000 (AED 647 per sqft)

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

Rents
Unit 308, 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 2020: AED 18,000 a yearRenewal, May 2021: AED 18,000 a yearNew contract, September 2022: AED 22,900 a yearNew contract, July 2023: AED 29,000 a yearNew contract, August 2024: AED 36,000 a yearNew contract, March 2025: AED 38,000 a yearNew contract, April 2026: AED 39,000 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 308 sits

All 60 studios →

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. 308's AED 39,000 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 3rd floor

All 132 units in MAG 560
Value
3011-bedAED 530K · Apr 2018
302StudioAED 330K · Apr 2019
303StudioAED 243K · May 2023
3041-bedAED 420K · Aug 2017
3052-bedAED 499K · Jul 2023
3061-bedAED 465K · Jul 2019
307StudioAED 266K · Aug 2022
1–7 of 21

308, MAG 560 in numbers

  • Sold twice: first on 10 April 2019 for AED 320,000, last on 3 August 2022 for AED 225,000 (AED 647 per sqft).
  • Rented since May 2020 on 7 Ejari contracts, from AED 18,000 to AED 39,000 a year.
  • At AED 39,000 a year the gross yield on the 2022 price is 17.3%, before a service charge of about AED 6,200 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 April 2026.

Questions about 308, MAG 560

What did unit 308 last sell for?

AED 225,000 on 3 August 2022: AED 647 per sqft for 347 sqft. The unit has 2 registered sales; the first was AED 320,000 in April 2019.

What is the rent for unit 308?

AED 39,000 a year on the contract signed on 1 April 2026. The previous contract, from March 2025, was AED 38,000; the unit has been rented since May 2020.

How big is unit 308?

347 sqft (32.2 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 308 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 308, MAG 560

Starts from the last sale price (AED 225K, 3 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 225,000
Deposit, UAE resident (20%)
AED 45,000
Deposit, non-resident (40%)
AED 90,000
Monthly over 25 years at 3.7%
AED 921

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