516, MAG 560
Sold prices and rental history: sold twice, last in August 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, MAG 560
What is 516 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 16 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 410 sqft
- Floor
- 5th of 6
- Parking
- G-105
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,300 /yr
- Last sold
- AED 460K · August 2025
- Building
- MAG 560
About 516, MAG 560
516 is a studio of 410 sqft on the 5th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 11 August 2025 for AED 460,000, or AED 1,121 per sqft, in line with the AED 1,122 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 16 April 2026, is AED 40,000 a year: a gross yield of 8.7% on the 2025 price, before the service charge of about AED 7,300 a year.
Sales and rents for 516 over time
516 has sold twice; the dashed line is the studio median of each year in the building.
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 516 sits
All 60 studios →516 last sold in August 2025 at AED 1,121 per sqft, in line with what studios in MAG 560 were fetching at the time (AED 1,122). 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. 516's AED 40,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jun 202610 June 2026 | 410 sqft | 430,000 | 1,049 | ||
| 4 Dec 20254 December 2025 | 410 sqft | 495,000 | 1,206 | ||
| 15 Sep 202515 September 2025 | 437 sqft | 465,000 | 1,064 | ||
| 11 Aug 202511 August 2025 | 360 sqft | 430,000 | 1,194 |
MAG 560
Building132 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%
Other units on the 5th floor
All 132 units in MAG 560| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 629 sqft | AED 530KAED 530,000 · Nov 2017November 2017 | 50,000 /yr | |
| 502 | Studio | 389 sqft | AED 323KAED 323,000 · Oct 2022October 2022 | 38,000 /yr | |
| 503 | Studio | 365 sqft | AED 350KAED 350,000 · May 2024May 2024 | 30,250 /yr | |
| 504 | 1-bed | 478 sqft | AED 443KAED 442,775 · Aug 2017August 2017 | 50,000 /yr | |
| 505 | 2-bed | 666 sqft | AED 520KAED 520,000 · Dec 2017December 2017 | 44,100 /yr | |
| 506 | 1-bed | 483 sqft | AED 448KAED 448,000 · Jan 2018January 2018 | 35,000 /yr | |
| 507 | Studio | 389 sqft | AED 325KAED 325,000 · Jul 2017July 2017 | 39,000 /yr | |
| 508 | Studio | 349 sqft | AED 330KAED 330,000 · May 2024May 2024 | 31,500 /yr | |
| 509 | 1-bed | 478 sqft | AED 477KAED 477,000 · Aug 2017August 2017 | 48,000 /yr | |
| 510 | 2-bed | 665 sqft | AED 470KAED 470,000 · Apr 2023April 2023 | ||
| 511 | 1-bed | 483 sqft | AED 520KAED 520,000 · Sep 2024September 2024 | 47,000 /yr | |
| 512 | 1-bed | 657 sqft | AED 558KAED 558,000 · Nov 2017November 2017 | 46,000 /yr | |
| 513 | 1-bed | 623 sqft | AED 467KAED 466,695 · Jul 2018July 2018 | 52,000 /yr | |
| 514 | 1-bed | 638 sqft | AED 535KAED 535,000 · Nov 2017November 2017 | 50,000 /yr | |
| 515 | Studio | 410 sqft | AED 460KAED 460,000 · Jun 2025June 2025 | 36,000 /yr | |
| 517 | Studio | 437 sqft | AED 465KAED 465,000 · Sep 2025September 2025 | 38,000 /yr | |
| 518 | Studio | 437 sqft | AED 440KAED 440,000 · Oct 2024October 2024 | 36,000 /yr | |
| 519 | 1-bed | 514 sqft | AED 473KAED 472,558 · Jan 2019January 2019 | 34,155 /yr | |
| 520 | 1-bed | 514 sqft | AED 443KAED 443,000 · Jun 2018June 2018 | 45,000 /yr | |
| 521 | Studio | 360 sqft | AED 328KAED 327,750 · Feb 2020February 2020 | 42,000 /yr | |
| 522 | Studio | 360 sqft | AED 328KAED 327,750 · Feb 2020February 2020 | 42,000 /yr |
516, MAG 560 in numbers
- Sold twice: first on 30 July 2019 for AED 385,000, last on 11 August 2025 for AED 460,000 (AED 1,121 per sqft).
- Rented since October 2020 on 6 Ejari contracts. The rent fell from AED 33,600 to AED 15,000 in 2022 and recovered to AED 40,000 by April 2026.
- At AED 40,000 a year the gross yield on the 2025 price is 8.7%, before a service charge of about AED 7,300 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 16 April 2026.
Questions about 516, MAG 560
What did unit 516 last sell for?
AED 460,000 on 11 August 2025: AED 1,121 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 385,000 in July 2019.
What is the rent for unit 516?
AED 40,000 a year on the contract signed on 16 April 2026. The previous contract, from August 2024, was AED 27,600; the unit has been rented since October 2020.
How big is unit 516?
410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.
What is unit 516 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.
Selling 516? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 516, MAG 560
Starts from the last sale price (AED 460K, 11 August 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →