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Studio · 387 sqftMAG 560, Dubai South · 4th floor · completed 2020

407, MAG 560

Sold prices and rental history: sold twice, last in July 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 29 January 2025
Last soldAED 293K18 July 2023
Current rentAED 36K /yr29 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, MAG 560

What is 407 worth today?

Last sold for AED 293,000 in 2023

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29 Jan 2025RentedRenewal
AED 36,000/yr11 months · AED 93 per sqft
29 Jan 2025RentedRenewal
AED 36,000/yr11 months · AED 93 per sqft
29 Jan 2024RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
18 Jul 2023SoldReady
AED 293,000AED 757 per sqft
15 Jan 2022RentedNew contract
AED 18,000/yr12 months · AED 47 per sqft
10 Sep 2020RentedNew contract
AED 20,000/yr12 months · AED 52 per sqft
7 Jan 2018Sold by developerOff-plan
AED 335,000AED 865 per sqft

Source: Dubai Land Department. Updated 29 January 2025.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
4th of 6
Parking
G-74
Developer
MAG
Completed
2020
Service charge
AED 6,900 /yr
Last sold
AED 293K · July 2023
Building
MAG 560

About 407, MAG 560

407 is a studio of 387 sqft on the 4th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 18 July 2023 for AED 293,000, or AED 757 per sqft, in line with the AED 745 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 29 January 2025, is AED 36,000 a year: a gross yield of 12.3% on the 2023 price, before the service charge of about AED 6,900 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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, January 2018: AED 335,000 (AED 865 per sqft)Sold, July 2023: AED 293,000 (AED 757 per sqft)

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

Rents
Unit 407, 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, September 2020: AED 20,000 a yearNew contract, January 2022: AED 18,000 a yearNew contract, January 2024: AED 36,000 a yearRenewal, January 2025: AED 36,000 a yearRenewal, January 2025: AED 36,000 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 407 sits

All 60 studios →

407 last sold in July 2023 at AED 757 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 745). 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. 407's AED 36,000 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 4th floor

All 132 units in MAG 560
Value
4011-bedAED 444K · Oct 2021
402StudioAED 320K · Jul 2017
403StudioAED 356K · Nov 2023
4041-bedAED 415K · Aug 2017
4052-bedAED 438K · Aug 2021
4061-bedAED 472K · Apr 2018
408StudioAED 325K · Aug 2017
1–7 of 21

407, MAG 560 in numbers

  • Sold twice: first on 7 January 2018 for AED 335,000, last on 18 July 2023 for AED 293,000 (AED 757 per sqft).
  • Rented since September 2020 on 5 Ejari contracts, from AED 20,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2023 price is 12.3%, before a service charge of about AED 6,900 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 29 January 2025.

Questions about 407, MAG 560

What did unit 407 last sell for?

AED 293,000 on 18 July 2023: AED 757 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 335,000 in January 2018.

What is the rent for unit 407?

AED 36,000 a year on the contract renewed on 29 January 2025. The previous contract, from January 2025, was AED 36,000; the unit has been rented since September 2020.

How big is unit 407?

387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 407 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 407, MAG 560

Starts from the last sale price (AED 293K, 18 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 293,000
Deposit, UAE resident (20%)
AED 58,600
Deposit, non-resident (40%)
AED 117,200
Monthly over 25 years at 3.7%
AED 1,199

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