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Studio · 437 sqftMAG 560, Dubai South · 3rd floor · completed 2020

318, MAG 560

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 6 October 2026
Last soldAED 400K26 December 2017
Current rentAED 38K /yr6 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, MAG 560

What is 318 worth today?

Last sold for AED 400,000 in 2017

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6 Oct 2026RentedRenewal
AED 38,000/yr12 months · AED 87 per sqft
6 Oct 2025RentedNew contract
AED 38,000/yr12 months · AED 87 per sqft
6 May 2025RentedRenewal
AED 22,654/yr5 months · AED 52 per sqft
6 May 2024RentedRenewal
AED 22,800/yr12 months · AED 52 per sqft
6 May 2023RentedRenewal
AED 19,000/yr12 months · AED 43 per sqft
6 May 2022RentedRenewal
AED 18,000/yr12 months · AED 41 per sqft
5 May 2021RentedNew contract
AED 16,954/yr12 months · AED 39 per sqft
26 Dec 2017Sold by developerOff-plan
AED 400,000AED 915 per sqft

Source: Dubai Land Department. Updated 6 October 2026.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
3rd of 6
Parking
G-63
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 400K · December 2017
Building
MAG 560

About 318, MAG 560

318 is a studio of 437 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 26 December 2017 for AED 400,000, or AED 915 per sqft, in line with the AED 915 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, renewed on 6 October 2026, is AED 38,000 a year: a gross yield of 9.5% on the 2017 price, before the service charge of about AED 7,800 a year.

Sales and rents for 318 over time

Sales
Unit 318, 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, December 2017: AED 400,000 (AED 915 per sqft)

318 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 318, 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 2021: AED 16,954 a yearRenewal, May 2022: AED 18,000 a yearRenewal, May 2023: AED 19,000 a yearRenewal, May 2024: AED 22,800 a yearRenewal, May 2025: AED 22,654 a yearNew contract, October 2025: AED 38,000 a yearRenewal, October 2026: AED 38,000 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 318 sits

All 60 studios →

318 last sold in December 2017 at AED 915 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 915). 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. 318's AED 38,000 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

318, MAG 560 in numbers

  • Sold once: by MAG on 26 December 2017 for AED 400,000, or AED 915 per sqft.
  • Rented since May 2021 on 7 Ejari contracts, from AED 16,954 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2017 price is 9.5%, 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 6 October 2026.

Questions about 318, MAG 560

What did unit 318 last sell for?

AED 400,000 on 26 December 2017, sold by the developer: AED 915 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 318?

AED 38,000 a year on the contract renewed on 6 October 2026. The previous contract, from October 2025, was AED 38,000; the unit has been rented since May 2021.

How big is unit 318?

437 sqft (40.6 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 318 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 318, MAG 560

Starts from the last sale price (AED 400K, 26 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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