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Studio · 349 sqftMAG 560, Dubai South · 5th floor · completed 2020

508, MAG 560

Sold prices and rental history: sold 3 times, 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 508 · DLD and Ejari recordsUpdated 5 July 2026
Last soldAED 330K1 May 2024
Current rentAED 32K /yr5 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, MAG 560

What is 508 worth today?

Last sold for AED 330,000 in 2024

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5 Jul 2026RentedRenewal
AED 31,500/yr12 months · AED 90 per sqft
5 Jul 2025RentedRenewal
AED 30,000/yr12 months · AED 86 per sqft
5 Jul 2024RentedRenewal
AED 30,000/yr12 months · AED 86 per sqft
1 May 2024SoldReady
AED 330,000AED 945 per sqft
5 Jul 2023RentedNew contract
AED 24,000/yr12 months · AED 69 per sqft
24 Jan 2023SoldReady
AED 240,000AED 687 per sqft
5 Jul 2022RentedRenewal
AED 19,000/yr12 months · AED 54 per sqft
5 Jul 2021RentedRenewal
AED 19,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 5 July 2026.

Key facts

Type
Studio apartment
Size
349 sqft
Floor
5th of 6
Parking
G-97
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 330K · May 2024
Building
MAG 560

About 508, MAG 560

508 is a studio of 349 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 May 2024 for AED 330,000, or AED 945 per sqft, 13% above the AED 835 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 5 July 2026, is AED 31,500 a year: a gross yield of 9.6% on the 2024 price, before the service charge of about AED 6,200 a year.

Sales and rents for 508 over time

Sales
Unit 508, 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, August 2017: AED 325,000 (AED 931 per sqft)Sold, January 2023: AED 240,000 (AED 687 per sqft)Sold, May 2024: AED 330,000 (AED 945 per sqft)

508 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 508, 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, July 2020: AED 19,000 a yearRenewal, July 2021: AED 19,000 a yearRenewal, July 2022: AED 19,000 a yearNew contract, July 2023: AED 24,000 a yearRenewal, July 2024: AED 30,000 a yearRenewal, July 2025: AED 30,000 a yearRenewal, July 2026: AED 31,500 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 508 sits

All 60 studios →

508 last sold in May 2024 at AED 945 per sqft, 13% above what studios in MAG 560 were fetching at the time (AED 835). 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. 508's AED 31,500 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
503StudioAED 350K · May 2024
5041-bedAED 443K · Aug 2017
5052-bedAED 520K · Dec 2017
5061-bedAED 448K · Jan 2018
507StudioAED 325K · Jul 2017
1–7 of 21

508, MAG 560 in numbers

  • Sold 3 times: first on 23 August 2017 for AED 325,000, last on 1 May 2024 for AED 330,000 (AED 945 per sqft).
  • Rented since July 2020 on 7 Ejari contracts, from AED 19,000 to AED 31,500 a year.
  • At AED 31,500 a year the gross yield on the 2024 price is 9.6%, before a service charge of about AED 6,200 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 5 July 2026.

Questions about 508, MAG 560

What did unit 508 last sell for?

AED 330,000 on 1 May 2024: AED 945 per sqft for 349 sqft. The unit has 3 registered sales; the first was AED 325,000 in August 2017.

What is the rent for unit 508?

AED 31,500 a year on the contract renewed on 5 July 2026. The previous contract, from July 2025, was AED 30,000; the unit has been rented since July 2020.

How big is unit 508?

349 sqft (32.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 508 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 508, MAG 560

Starts from the last sale price (AED 330K, 1 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 330,000
Deposit, UAE resident (20%)
AED 66,000
Deposit, non-resident (40%)
AED 132,000
Monthly over 25 years at 3.7%
AED 1,350

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