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Studio · 365 sqftMAG 560, Dubai South · 5th floor · completed 2020

503, MAG 560

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 18 May 2026
Last soldAED 350K13 May 2024
Current rentAED 30K /yr18 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, MAG 560

What is 503 worth today?

Last sold for AED 350,000 in 2024

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18 May 2026RentedRenewal
AED 30,250/yr12 months · AED 83 per sqft
18 May 2025RentedRenewal
AED 30,250/yr12 months · AED 83 per sqft
18 May 2025RentedRenewal
AED 30,250/yr12 months · AED 83 per sqft
18 May 2024RentedRenewal
AED 27,500/yr12 months · AED 77 per sqft
18 May 2024RentedNew contract
AED 27,500/yr12 months · AED 75 per sqft
13 May 2024SoldReady
AED 350,000AED 958 per sqft
18 May 2023RentedNew contract
AED 25,000/yr12 months · AED 68 per sqft
10 Nov 2020RentedNew contract
AED 16,000/yr12 months · AED 44 per sqft

Source: Dubai Land Department. Updated 18 May 2026.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
5th of 6
Parking
G-92
Developer
MAG
Completed
2020
Service charge
AED 6,500 /yr
Last sold
AED 350K · May 2024
Building
MAG 560

About 503, MAG 560

503 is a studio of 365 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 13 May 2024 for AED 350,000, or AED 958 per sqft, 8% above the AED 886 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 18 May 2026, is AED 30,250 a year: a gross yield of 8.6% on the 2024 price, before the service charge of about AED 6,500 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, October 2017: AED 342,780 (AED 939 per sqft)Sold, May 2024: AED 350,000 (AED 958 per sqft)

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

Rents
Unit 503, 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, November 2020: AED 16,000 a yearNew contract, May 2023: AED 25,000 a yearRenewal, May 2024: AED 27,500 a yearNew contract, May 2024: AED 27,500 a yearRenewal, May 2025: AED 30,250 a yearRenewal, May 2025: AED 30,250 a yearRenewal, May 2026: AED 30,250 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 503 sits

All 60 studios →

503 last sold in May 2024 at AED 958 per sqft, 8% above what studios in MAG 560 were fetching at the time (AED 886). 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. 503's AED 30,250 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 5th floor

All 132 units in MAG 560
Value
5011-bedAED 530K · Nov 2017
502StudioAED 323K · Oct 2022
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

503, MAG 560 in numbers

  • Sold twice: first on 15 October 2017 for AED 342,780, last on 13 May 2024 for AED 350,000 (AED 958 per sqft).
  • Rented since November 2020 on 7 Ejari contracts, from AED 16,000 to AED 30,250 a year.
  • At AED 30,250 a year the gross yield on the 2024 price is 8.6%, 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 18 May 2026.

Questions about 503, MAG 560

What did unit 503 last sell for?

AED 350,000 on 13 May 2024: AED 958 per sqft for 365 sqft. The unit has 2 registered sales; the first was AED 342,780 in October 2017.

What is the rent for unit 503?

AED 30,250 a year on the contract renewed on 18 May 2026. The previous contract, from May 2025, was AED 30,250; the unit has been rented since November 2020.

How big is unit 503?

365 sqft (33.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 503 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 503, MAG 560

Starts from the last sale price (AED 350K, 13 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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