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Studio · 389 sqftMAG 560, Dubai South · 6th floor · completed 2020

602, MAG 560

Sold prices and rental history: sold once, by the developer in October 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 25 February 2026
Last soldAED 340K8 October 2018
Current rentAED 38K /yr25 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, MAG 560

What is 602 worth today?

Last sold for AED 340,000 in 2018

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25 Feb 2026RentedRenewal
AED 38,000/yr12 months · AED 98 per sqft
25 Feb 2025RentedRenewal
AED 35,000/yr12 months · AED 90 per sqft
25 Feb 2024RentedRenewal
AED 30,000/yr12 months · AED 77 per sqft
25 Feb 2023RentedRenewal
AED 23,000/yr12 months · AED 59 per sqft
25 Feb 2022RentedRenewal
AED 20,000/yr12 months · AED 52 per sqft
25 Feb 2021RentedRenewal
AED 18,000/yr12 months · AED 46 per sqft
25 Feb 2020RentedNew contract
AED 20,000/yr12 months · AED 52 per sqft
8 Oct 2018Sold by developerOff-plan
AED 340,000AED 873 per sqft

Source: Dubai Land Department. Updated 25 February 2026.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
6th of 6
Parking
G-113
Developer
MAG
Completed
2020
Service charge
AED 6,900 /yr
Last sold
AED 340K · October 2018
Building
MAG 560

About 602, MAG 560

602 is a studio of 389 sqft on the 6th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 8 October 2018 for AED 340,000, or AED 873 per sqft, 4% below the AED 913 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 25 February 2026, is AED 38,000 a year: a gross yield of 11.2% on the 2018 price, before the service charge of about AED 6,900 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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 2018: AED 340,000 (AED 873 per sqft)

602 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 602, 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, February 2020: AED 20,000 a yearRenewal, February 2021: AED 18,000 a yearRenewal, February 2022: AED 20,000 a yearRenewal, February 2023: AED 23,000 a yearRenewal, February 2024: AED 30,000 a yearRenewal, February 2025: AED 35,000 a yearRenewal, February 2026: AED 38,000 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 602 sits

All 60 studios →

602 last sold in October 2018 at AED 873 per sqft, 4% below what studios in MAG 560 were fetching at the time (AED 913). 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. 602'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 6th floor

All 132 units in MAG 560
Value
6011-bedAED 530K · Dec 2017
603StudioAED 425K · Oct 2024
6041-bedAED 320K · Aug 2021
6052-bedAED 700K · Sep 2025
6061-bedAED 477K · Dec 2017
607StudioAED 340K · Mar 2018
608StudioAED 347K · Aug 2017
1–7 of 21

602, MAG 560 in numbers

  • Sold once: by MAG on 8 October 2018 for AED 340,000, or AED 873 per sqft.
  • Rented since February 2020 on 7 Ejari contracts, from AED 20,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2018 price is 11.2%, 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 25 February 2026.

Questions about 602, MAG 560

What did unit 602 last sell for?

AED 340,000 on 8 October 2018, sold by the developer: AED 873 per sqft for 389 sqft. It is the only registered sale of the unit.

What is the rent for unit 602?

AED 38,000 a year on the contract renewed on 25 February 2026. The previous contract, from February 2025, was AED 35,000; the unit has been rented since February 2020.

How big is unit 602?

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

What is unit 602 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 602, MAG 560

Starts from the last sale price (AED 340K, 8 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 340,000
Deposit, UAE resident (20%)
AED 68,000
Deposit, non-resident (40%)
AED 136,000
Monthly over 25 years at 3.7%
AED 1,391

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