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Studio · 365 sqftMAG 560, Dubai South · 4th floor · completed 2020

403, MAG 560

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 3 November 2023
Last soldAED 356K3 November 2023
Current rentAED 28K /yr28 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 403, MAG 560

What is 403 worth today?

Last sold for AED 356,000 in 2023

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3 Nov 2023SoldReady
AED 356,000AED 975 per sqft
28 Nov 2022RentedRenewal
AED 27,800/yr12 months · AED 76 per sqft
28 Nov 2021RentedRenewal
AED 26,000/yr12 months · AED 71 per sqft
28 Nov 2020RentedRenewal
AED 26,000/yr12 months · AED 71 per sqft
28 Nov 2019RentedNew contract
AED 26,000/yr12 months · AED 71 per sqft
19 Jul 2017Sold by developerOff-plan
AED 330,000AED 904 per sqft

Source: Dubai Land Department. Updated 3 November 2023.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
4th of 6
Parking
G-70
Developer
MAG
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 356K · November 2023
Building
MAG 560

About 403, MAG 560

403 is a studio of 365 sqft on the 4th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 3 November 2023 for AED 356,000, or AED 975 per sqft, 21% above the AED 804 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 28 November 2022, is AED 27,800 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 6,500 a year.

Sales and rents for 403 over time

Sales
Unit 403, 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, July 2017: AED 330,000 (AED 904 per sqft)Sold, November 2023: AED 356,000 (AED 975 per sqft)

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

Rents
Unit 403, each contractTypical studio in MAG 560
20K30K40K20192021202320252027Typical 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, November 2019: AED 26,000 a yearRenewal, November 2020: AED 26,000 a yearRenewal, November 2021: AED 26,000 a yearRenewal, November 2022: AED 27,800 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 403 sits

All 60 studios →

403 last sold in November 2023 at AED 975 per sqft, 21% above what studios in MAG 560 were fetching at the time (AED 804). 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. 403's AED 27,800 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 4th floor

All 132 units in MAG 560
Value
4011-bedAED 444K · Oct 2021
402StudioAED 320K · Jul 2017
4041-bedAED 415K · Aug 2017
4052-bedAED 438K · Aug 2021
4061-bedAED 472K · Apr 2018
407StudioAED 293K · Jul 2023
408StudioAED 325K · Aug 2017
1–7 of 21

403, MAG 560 in numbers

  • Sold twice: first on 19 July 2017 for AED 330,000, last on 3 November 2023 for AED 356,000 (AED 975 per sqft).
  • Rented since November 2019 on 4 Ejari contracts, from AED 26,000 to AED 27,800 a year.
  • At AED 27,800 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 6,500 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 3 November 2023.

Questions about 403, MAG 560

What did unit 403 last sell for?

AED 356,000 on 3 November 2023: AED 975 per sqft for 365 sqft. The unit has 2 registered sales; the first was AED 330,000 in July 2017.

What is the rent for unit 403?

AED 27,800 a year on the contract renewed on 28 November 2022. The previous contract, from November 2021, was AED 26,000; the unit has been rented since November 2019.

How big is unit 403?

365 sqft (33.9 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 403 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 403, MAG 560

Starts from the last sale price (AED 356K, 3 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 356,000
Deposit, UAE resident (20%)
AED 71,200
Deposit, non-resident (40%)
AED 142,400
Monthly over 25 years at 3.7%
AED 1,457

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