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Studio · 389 sqftMAG 560, Dubai South · 5th floor · completed 2020

502, MAG 560

Sold prices and rental history: sold twice, last in October 2022, and rented continuously since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 30 October 2026
Last soldAED 323K10 October 2022
Current rentAED 38K /yr30 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, MAG 560

What is 502 worth today?

Last sold for AED 323,000 in 2022

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30 Oct 2026RentedNew contract
AED 38,000/yr12 months · AED 98 per sqft
1 Oct 2026RentedRenewal
AED 37,000/yr12 months · AED 95 per sqft
1 Oct 2025RentedNew contract
AED 41,000/yr12 months · AED 106 per sqft
25 Mar 2025RentedNew contract
AED 39,000/yr12 months · AED 101 per sqft
10 Oct 2022SoldReady
AED 323,000AED 830 per sqft
26 Sep 2021Sold by developerReady
AED 213,835AED 549 per sqft

Source: Dubai Land Department. Updated 30 October 2026.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
5th of 6
Parking
G-91
Developer
MAG
Completed
2020
Service charge
AED 6,900 /yr
Last sold
AED 323K · October 2022
Building
MAG 560

About 502, MAG 560

502 is a studio of 389 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 10 October 2022 for AED 323,000, or AED 830 per sqft, 12% above the AED 738 studios in the building were fetching at the time.

It has been rented continuously since 2025 on 4 Ejari contracts. The current contract, signed on 30 October 2026, is AED 38,000 a year: a gross yield of 11.8% on the 2022 price, before the service charge of about AED 6,900 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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, September 2021: AED 213,835 (AED 549 per sqft)Sold, October 2022: AED 323,000 (AED 830 per sqft)

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

Rents
Unit 502, 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, March 2025: AED 39,000 a yearNew contract, October 2025: AED 41,000 a yearNew contract, October 2026: AED 38,000 a yearRenewal, October 2026: AED 37,000 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 502 sits

All 60 studios →

502 last sold in October 2022 at AED 830 per sqft, 12% above what studios in MAG 560 were fetching at the time (AED 738). 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. 502'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 5th floor

All 132 units in MAG 560
Value
5011-bedAED 530K · Nov 2017
503StudioAED 350K · May 2024
5041-bedAED 443K · Aug 2017
5052-bedAED 520K · Dec 2017
5061-bedAED 448K · Jan 2018
507StudioAED 325K · Jul 2017
508StudioAED 330K · May 2024
1–7 of 21

502, MAG 560 in numbers

  • Sold twice: first on 26 September 2021 for AED 213,835, last on 10 October 2022 for AED 323,000 (AED 830 per sqft).
  • Rented since March 2025 on 4 Ejari contracts, from AED 39,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2022 price is 11.8%, 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 30 October 2026.

Questions about 502, MAG 560

What did unit 502 last sell for?

AED 323,000 on 10 October 2022: AED 830 per sqft for 389 sqft. The unit has 2 registered sales; the first was AED 213,835 in September 2021.

What is the rent for unit 502?

AED 38,000 a year on the contract signed on 30 October 2026. The previous contract, from October 2026, was AED 37,000; the unit has been rented since March 2025.

How big is unit 502?

389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 502 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 502, MAG 560

Starts from the last sale price (AED 323K, 10 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 323,000
Deposit, UAE resident (20%)
AED 64,600
Deposit, non-resident (40%)
AED 129,200
Monthly over 25 years at 3.7%
AED 1,321

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