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2-bed · 668 sqftMAG 565, Dubai South · 1st floor · completed 2020

110, MAG 565

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

Unit 110 · DLD and Ejari recordsUpdated 25 May 2024
Last soldAED 497K2 June 2020
Current rentAED 55K /yr25 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 110, MAG 565

What is 110 worth today?

Last sold for AED 497,000 in 2020

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25 May 2024RentedNew contract
AED 55,000/yr12 months · AED 82 per sqft
10 Apr 2023RentedNew contract
AED 38,000/yr12 months · AED 57 per sqft
1 Nov 2022RentedRenewal
AED 33,000/yr12 months · AED 49 per sqft
1 Nov 2021RentedRenewal
AED 30,000/yr12 months · AED 45 per sqft
1 Nov 2020RentedNew contract
AED 30,000/yr12 months · AED 45 per sqft
2 Jun 2020Sold by developerOff-plan
AED 497,000AED 743 per sqft

Source: Dubai Land Department. Updated 25 May 2024.

Key facts

Type
2-bed apartment
Size
668 sqft
Floor
1st of 6
Parking
G-10
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 497K · June 2020
Building
MAG 565

About 110, MAG 565

110 is a two-bedroom apartment of 668 sqft on the 1st floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 2 June 2020 for AED 497,000, or AED 743 per sqft, in line with the AED 743 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 25 May 2024, is AED 55,000 a year: a gross yield of 11.1% on the 2020 price, before the service charge of about AED 10,900 a year.

Sales and rents for 110 over time

Sales
Unit 110, each saleTypical two-bed in MAG 565
600K2018202020222024Typical sale price by year: 2018 AED 688,548; 2019 AED 497,000; 2020 AED 497,000; 2022 AED 750,000; 2023 AED 530,000Sold by developer, June 2020: AED 497,000 (AED 743 per sqft)

110 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 110, each contractTypical two-bed in MAG 565
40K2020202220242026Typical rent by year: 2020 AED 35,000; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 42,000; 2024 AED 44,160; 2025 AED 49,500; 2026 AED 50,750New contract, November 2020: AED 30,000 a yearRenewal, November 2021: AED 30,000 a yearRenewal, November 2022: AED 33,000 a yearNew contract, April 2023: AED 38,000 a yearNew contract, May 2024: AED 55,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 565, and where 110 sits

All 18 2-beds →

110 last sold in June 2020 at AED 743 per sqft, in line with what two-beds in MAG 565 were fetching at the time (AED 743). Over the last 12 months two-beds sold for AED 725,000, around AED 1,084 per sqft, and rent for AED 45,000 to 60,000 a year. 110's AED 55,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Aug 2026725,000
4 Apr 2025720,000
3 Jun 2024640,000
20 Jun 2023530,000
1 2-bed sale in the last 12 months

MAG 565

Building

132 apartments, studios to 2-bed over 6 floors in Dubai South, completed in 2020 by MAG. 7 sold in the last 12 months.

Typical price per sqft
AED 1,206
Typical sale
AED 500K
Typical rent
AED 42K /yr
Typical yield
7.7%
MAG 565, Dubai South: prices, sales and rents →

Other units on the 1st floor

All 132 units in MAG 565
Value
1011-bedAED 449K · Nov 2022
102StudioAED 386K · Jan 2018
103StudioAED 375K · Jun 2018
1041-bedAED 420K · Jul 2018
1052-bedAED 479K · Apr 2023
1061-bedAED 436K · Dec 2017
107StudioAED 387K · May 2019
1–7 of 21

110, MAG 565 in numbers

  • Sold once: by MAG on 2 June 2020 for AED 497,000, or AED 743 per sqft.
  • Rented since November 2020 on 5 Ejari contracts, from AED 30,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2020 price is 11.1%, before a service charge of about AED 10,900 a year (AED 16.26 per sqft).
  • Two-beds in MAG 565 sold for AED 725,000–725,000 in the 12 months to November 2026; the building's median across all types is AED 1,206 per sqft.

Source: Dubai Land Department. Updated 25 May 2024.

Questions about 110, MAG 565

What did unit 110 last sell for?

AED 497,000 on 2 June 2020, sold by the developer: AED 743 per sqft for 668 sqft. It is the only registered sale of the unit.

What is the rent for unit 110?

AED 55,000 a year on the contract signed on 25 May 2024. The previous contract, from April 2023, was AED 38,000; the unit has been rented since November 2020.

How big is unit 110?

668 sqft (62.1 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower completed in 2020.

What is unit 110 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 565 sold for AED 725,000 to 725,000 in the last 12 months, around AED 1,084 per sqft.

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Mortgage on 110, MAG 565

Starts from the last sale price (AED 497K, 2 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 497,000
Deposit, UAE resident (20%)
AED 99,400
Deposit, non-resident (40%)
AED 198,800
Monthly over 25 years at 3.7%
AED 2,033

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