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Studio · 410 sqftMAG 560, Dubai South · 6th floor · completed 2020

616, MAG 560

Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 10 December 2025
Last soldAED 375K23 July 2017
Current rentAED 37K /yr10 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, MAG 560

What is 616 worth today?

Last sold for AED 375,000 in 2017

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10 Dec 2025RentedRenewal
AED 37,000/yr12 months · AED 90 per sqft
10 Dec 2024RentedRenewal
AED 37,000/yr12 months · AED 90 per sqft
10 Dec 2023RentedNew contract
AED 35,000/yr12 months · AED 86 per sqft
15 Nov 2022RentedNew contract
AED 24,000/yr12 months · AED 59 per sqft
17 Feb 2022RentedRenewal
AED 21,000/yr12 months · AED 51 per sqft
17 Feb 2021RentedRenewal
AED 19,000/yr12 months · AED 46 per sqft
17 Feb 2020RentedNew contract
AED 19,000/yr12 months · AED 46 per sqft
23 Jul 2017Sold by developerOff-plan
AED 375,000AED 914 per sqft

Source: Dubai Land Department. Updated 10 December 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
6th of 6
Parking
G-127
Developer
MAG
Completed
2020
Service charge
AED 7,300 /yr
Last sold
AED 375K · July 2017
Building
MAG 560

About 616, MAG 560

616 is a studio of 410 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 23 July 2017 for AED 375,000, or AED 914 per sqft, 6% above the AED 860 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 10 December 2025, is AED 37,000 a year: a gross yield of 9.9% on the 2017 price, before the service charge of about AED 7,300 a year.

Sales and rents for 616 over time

Sales
Unit 616, 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, July 2017: AED 375,000 (AED 914 per sqft)

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

Rents
Unit 616, 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 19,000 a yearRenewal, February 2021: AED 19,000 a yearRenewal, February 2022: AED 21,000 a yearNew contract, November 2022: AED 24,000 a yearNew contract, December 2023: AED 35,000 a yearRenewal, December 2024: AED 37,000 a yearRenewal, December 2025: 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 616 sits

All 60 studios →

616 last sold in July 2017 at AED 914 per sqft, 6% above what studios in MAG 560 were fetching at the time (AED 860). 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. 616's AED 37,000 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
602StudioAED 340K · Oct 2018
603StudioAED 425K · Oct 2024
6041-bedAED 320K · Aug 2021
6052-bedAED 700K · Sep 2025
6061-bedAED 477K · Dec 2017
607StudioAED 340K · Mar 2018
1–7 of 21

616, MAG 560 in numbers

  • Sold once: by MAG on 23 July 2017 for AED 375,000, or AED 914 per sqft.
  • Rented since February 2020 on 7 Ejari contracts, from AED 19,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2017 price is 9.9%, 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 10 December 2025.

Questions about 616, MAG 560

What did unit 616 last sell for?

AED 375,000 on 23 July 2017, sold by the developer: AED 914 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 616?

AED 37,000 a year on the contract renewed on 10 December 2025. The previous contract, from December 2024, was AED 37,000; the unit has been rented since February 2020.

How big is unit 616?

410 sqft (38.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 616 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 616, MAG 560

Starts from the last sale price (AED 375K, 23 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 375,000
Deposit, UAE resident (20%)
AED 75,000
Deposit, non-resident (40%)
AED 150,000
Monthly over 25 years at 3.7%
AED 1,534

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