316, MAG 560
Sold prices and rental history: sold once, by the developer in August 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 316, MAG 560
What is 316 worth today?
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Source: Dubai Land Department. Updated 5 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 3rd of 6
- Parking
- G-61
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 270K · August 2021
- Building
- MAG 560
About 316, MAG 560
316 is a studio of 410 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 2 August 2021 for AED 270,000, or AED 658 per sqft, in line with the AED 657 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 5 March 2026, is AED 38,000 a year: a gross yield of 14.1% on the 2021 price, before the service charge of about AED 7,300 a year.
Sales and rents for 316 over time
316 has sold once; the dashed line is the studio median of each year in the building.
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 316 sits
All 60 studios →316 last sold in August 2021 at AED 658 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 657). 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. 316's AED 38,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jun 202610 June 2026 | 410 sqft | 430,000 | 1,049 | ||
| 4 Dec 20254 December 2025 | 410 sqft | 495,000 | 1,206 | ||
| 15 Sep 202515 September 2025 | 437 sqft | 465,000 | 1,064 | ||
| 11 Aug 202511 August 2025 | 360 sqft | 430,000 | 1,194 |
MAG 560
Building132 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%
Other units on the 3rd floor
All 132 units in MAG 560| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 628 sqft | AED 530KAED 530,000 · Apr 2018April 2018 | 44,000 /yr | |
| 302 | Studio | 387 sqft | AED 330KAED 330,000 · Apr 2019April 2019 | 40,000 /yr | |
| 303 | Studio | 365 sqft | AED 243KAED 243,000 · May 2023May 2023 | 38,000 /yr | |
| 304 | 1-bed | 478 sqft | AED 420KAED 420,000 · Aug 2017August 2017 | 40,000 /yr | |
| 305 | 2-bed | 666 sqft | AED 499KAED 499,000 · Jul 2023July 2023 | 31,000 /yr | |
| 306 | 1-bed | 483 sqft | AED 465KAED 465,000 · Jul 2019July 2019 | 27,000 /yr | |
| 307 | Studio | 387 sqft | AED 266KAED 266,000 · Aug 2022August 2022 | 35,000 /yr | |
| 308 | Studio | 347 sqft | AED 225KAED 225,000 · Aug 2022August 2022 | 39,000 /yr | |
| 309 | 1-bed | 478 sqft | AED 410KAED 410,000 · Oct 2017October 2017 | ||
| 310 | 2-bed | 665 sqft | AED 750KAED 750,000 · Jul 2025July 2025 | 28,000 /yr | |
| 311 | 1-bed | 483 sqft | AED 447KAED 447,000 · Oct 2017October 2017 | ||
| 312 | 1-bed | 656 sqft | AED 700KAED 700,000 · May 2025May 2025 | 53,100 /yr | |
| 313 | 1-bed | 622 sqft | AED 365KAED 365,000 · Nov 2021November 2021 | 55,000 /yr | |
| 314 | 1-bed | 638 sqft | AED 715KAED 715,000 · Feb 2026February 2026 | 55,000 /yr | |
| 315 | Studio | 410 sqft | AED 340KAED 340,000 · Jun 2018June 2018 | 41,000 /yr | |
| 317 | Studio | 437 sqft | AED 287KAED 286,689 · Jul 2021July 2021 | ||
| 318 | Studio | 437 sqft | AED 400KAED 400,000 · Dec 2017December 2017 | 38,000 /yr | |
| 319 | 1-bed | 514 sqft | AED 460KAED 460,000 · Dec 2017December 2017 | 45,000 /yr | |
| 320 | 1-bed | 514 sqft | AED 288KAED 288,000 · Aug 2021August 2021 | 53,000 /yr | |
| 321 | Studio | 360 sqft | AED 325KAED 325,000 · Dec 2023December 2023 | 33,000 /yr | |
| 322 | Studio | 360 sqft | AED 450KAED 450,000 · Jan 2025January 2025 | 40,000 /yr |
316, MAG 560 in numbers
- Sold once: by MAG on 2 August 2021 for AED 270,000, or AED 658 per sqft.
- Rented since August 2021 on 6 Ejari contracts, from AED 17,000 to AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2021 price is 14.1%, 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 5 March 2026.
Questions about 316, MAG 560
What did unit 316 last sell for?
AED 270,000 on 2 August 2021, sold by the developer: AED 658 per sqft for 410 sqft. It is the only registered sale of the unit.
What is the rent for unit 316?
AED 38,000 a year on the contract signed on 5 March 2026. The previous contract, from September 2025, was AED 36,750; the unit has been rented since August 2021.
How big is unit 316?
410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.
What is unit 316 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 316, MAG 560
Starts from the last sale price (AED 270K, 2 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 270,000
- Deposit, UAE resident (20%)
- AED 54,000
- Deposit, non-resident (40%)
- AED 108,000
- Monthly over 25 years at 3.7%
- AED 1,105
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →