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Studio · 410 sqftMAG 565, Dubai South · 1st floor · completed 2020

116, MAG 565

Sold prices and rental history: sold once, by the developer in February 2020, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 14 August 2026
Last soldAED 360K4 February 2020
Current rentAED 36K /yr14 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, MAG 565

What is 116 worth today?

Last sold for AED 360,288 in 2020

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14 Aug 2026RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
28 Jun 2025RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
27 Jun 2024RentedNew contract
AED 36,000/yr12 months · AED 88 per sqft
23 Feb 2023RentedNew contract
AED 27,000/yr12 months · AED 66 per sqft
4 Feb 2020Sold by developerOff-plan
AED 360,288AED 878 per sqft

Source: Dubai Land Department. Updated 14 August 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
1st of 6
Parking
G-16
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 360K · February 2020
Building
MAG 565

About 116, MAG 565

116 is a studio of 410 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 4 February 2020 for AED 360,288, or AED 878 per sqft, 12% below the AED 994 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 14 August 2026, is AED 36,000 a year: a gross yield of 10.0% on the 2020 price, before the service charge of about AED 6,700 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical studio in MAG 565
300K400K2017202020232026Typical sale price by year: 2017 AED 367,500; 2018 AED 376,421; 2019 AED 373,800; 2020 AED 321,675; 2021 AED 292,000; 2022 AED 265,250; 2023 AED 295,000; 2024 AED 350,000; 2025 AED 460,000; 2026 AED 440,000Sold by developer, February 2020: AED 360,288 (AED 878 per sqft)

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

Rents
Unit 116, each contractTypical studio in MAG 565
20K30K40K2020202220242026Typical rent by year: 2020 AED 18,000; 2021 AED 18,000; 2022 AED 21,000; 2023 AED 25,600; 2024 AED 35,000; 2025 AED 38,000; 2026 AED 37,500New contract, February 2023: AED 27,000 a yearNew contract, June 2024: AED 36,000 a yearNew contract, June 2025: AED 36,000 a yearNew contract, August 2026: AED 36,000 a year

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

Studios in MAG 565, and where 116 sits

All 66 studios →

116 last sold in February 2020 at AED 878 per sqft, 12% below what studios in MAG 565 were fetching at the time (AED 994). Over the last 12 months studios sold for AED 425,000 to 500,000, around AED 1,195 per sqft, and rent for AED 30,000 to 54,000 a year. 116's AED 36,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
21 Oct 2026479,000
21 May 2026425,000
20 May 2026440,000
22 Nov 2025500,000
4 studio sales 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

116, MAG 565 in numbers

  • Sold once: by MAG on 4 February 2020 for AED 360,288, or AED 878 per sqft.
  • Rented since February 2023 on 4 Ejari contracts, from AED 27,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2020 price is 10.0%, before a service charge of about AED 6,700 a year (AED 16.26 per sqft).
  • Studios in MAG 565 sold for AED 425,000–500,000 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 14 August 2026.

Questions about 116, MAG 565

What did unit 116 last sell for?

AED 360,288 on 4 February 2020, sold by the developer: AED 878 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 116?

AED 36,000 a year on the contract signed on 14 August 2026. The previous contract, from June 2025, was AED 36,000; the unit has been rented since February 2023.

How big is unit 116?

410 sqft (38.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in MAG 565 sold for AED 425,000 to 500,000 in the last 12 months, around AED 1,195 per sqft.

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Mortgage on 116, MAG 565

Starts from the last sale price (AED 360K, 4 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 360,288
Deposit, UAE resident (20%)
AED 72,058
Deposit, non-resident (40%)
AED 144,115
Monthly over 25 years at 3.7%
AED 1,474

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