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Studio · 360 sqftMAG 560, Dubai South · 6th floor · completed 2020

622, MAG 560

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 622 · DLD and Ejari recordsUpdated 9 October 2026
Last soldAED 300K7 June 2023
Current rentAED 37K /yr9 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 622, MAG 560

What is 622 worth today?

Last sold for AED 300,000 in 2023

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9 Oct 2026RentedRenewal
AED 37,000/yr12 months · AED 104 per sqft
9 Oct 2025RentedNew contract
AED 37,000/yr12 months · AED 104 per sqft
2 Oct 2024RentedNew contract
AED 39,000/yr12 months · AED 110 per sqft
15 Jun 2024RentedRenewal
AED 32,000/yr12 months · AED 90 per sqft
15 Jun 2023RentedNew contract
AED 27,000/yr12 months · AED 76 per sqft
7 Jun 2023SoldReady
AED 300,000AED 833 per sqft
5 Mar 2023RentedNew contract
AED 22,000/yr12 months · AED 62 per sqft
1 Mar 2022RentedRenewal
AED 16,000/yr12 months · AED 45 per sqft

Source: Dubai Land Department. Updated 9 October 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
6th of 6
Parking
G-42
Developer
MAG
Completed
2020
Service charge
AED 6,400 /yr
Last sold
AED 300K · June 2023
Building
MAG 560

About 622, MAG 560

622 is a studio of 360 sqft on the 6th floor of MAG 560, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 7 June 2023 for AED 300,000, or AED 833 per sqft, 16% above the AED 721 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 8 Ejari contracts. The current contract, renewed on 9 October 2026, is AED 37,000 a year: a gross yield of 12.3% on the 2023 price, before the service charge of about AED 6,400 a year.

Sales and rents for 622 over time

Sales
Unit 622, 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 337,000 (AED 935 per sqft)Sold, June 2023: AED 300,000 (AED 833 per sqft)

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

Rents
Unit 622, each contractTypical studio in MAG 560
20K40K2020202220242026Typical 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, March 2021: AED 16,000 a yearRenewal, March 2022: AED 16,000 a yearNew contract, March 2023: AED 22,000 a yearNew contract, June 2023: AED 27,000 a yearRenewal, June 2024: AED 32,000 a yearNew contract, October 2024: AED 39,000 a yearNew contract, October 2025: AED 37,000 a yearRenewal, October 2026: 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 622 sits

All 60 studios →

622 last sold in June 2023 at AED 833 per sqft, 16% above what studios in MAG 560 were fetching at the time (AED 721). 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. 622'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

622, MAG 560 in numbers

  • Sold twice: first on 3 August 2017 for AED 337,000, last on 7 June 2023 for AED 300,000 (AED 833 per sqft).
  • Rented since March 2021 on 8 Ejari contracts, from AED 16,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2023 price is 12.3%, before a service charge of about AED 6,400 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 9 October 2026.

Questions about 622, MAG 560

What did unit 622 last sell for?

AED 300,000 on 7 June 2023: AED 833 per sqft for 360 sqft. The unit has 2 registered sales; the first was AED 337,000 in August 2017.

What is the rent for unit 622?

AED 37,000 a year on the contract renewed on 9 October 2026. The previous contract, from October 2025, was AED 37,000; the unit has been rented since March 2021.

How big is unit 622?

360 sqft (33.4 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 622 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 622, MAG 560

Starts from the last sale price (AED 300K, 7 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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