117, MAG 565
Sold prices and rental history: sold twice, last in July 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 117, MAG 565
What is 117 worth today?
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Source: Dubai Land Department. Updated 20 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 437 sqft
- Floor
- 1st of 6
- Parking
- G-17
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 7,100 /yr
- Last sold
- AED 290K · July 2023
- Building
- MAG 565
About 117, MAG 565
117 is a studio of 437 sqft on the 1st floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 18 July 2023 for AED 290,000, or AED 663 per sqft, in line with the AED 678 studios in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 20 March 2024, is AED 38,000 a year: a gross yield of 13.1% on the 2023 price, before the service charge of about AED 7,100 a year.
Sales and rents for 117 over time
117 has sold twice; the dashed line is the studio median of each year in the building.
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 117 sits
All 66 studios →117 last sold in July 2023 at AED 663 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 678). 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. 117's AED 38,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 410 sqft | 479,000 | 1,167 | ||
| 21 May 202621 May 2026 | 347 sqft | 425,000 | 1,223 | ||
| 20 May 202620 May 2026 | 347 sqft | 440,000 | 1,266 | ||
| 22 Nov 202522 November 2025 | 437 sqft | 500,000 | 1,144 |
MAG 565
Building132 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%
Other units on the 1st floor
All 132 units in MAG 565| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 628 sqft | AED 449KAED 449,173 · Nov 2022November 2022 | 35,700 /yr | |
| 102 | Studio | 387 sqft | AED 386KAED 386,492 · Jan 2018January 2018 | 33,500 /yr | |
| 103 | Studio | 365 sqft | AED 375KAED 375,000 · Jun 2018June 2018 | 38,000 /yr | |
| 104 | 1-bed | 481 sqft | AED 420KAED 420,000 · Jul 2018July 2018 | 41,000 /yr | |
| 105 | 2-bed | 670 sqft | AED 479KAED 479,300 · Apr 2023April 2023 | 60,000 /yr | |
| 106 | 1-bed | 483 sqft | AED 436KAED 436,000 · Dec 2017December 2017 | 41,000 /yr | |
| 107 | Studio | 387 sqft | AED 387KAED 387,000 · May 2019May 2019 | 38,000 /yr | |
| 108 | Studio | 347 sqft | AED 296KAED 295,613 · May 2018May 2018 | 38,000 /yr | |
| 109 | 1-bed | 481 sqft | AED 436KAED 436,000 · Mar 2018March 2018 | 46,000 /yr | |
| 110 | 2-bed | 668 sqft | AED 497KAED 497,000 · Jun 2020June 2020 | 55,000 /yr | |
| 111 | 1-bed | 483 sqft | AED 320KAED 320,000 · May 2022May 2022 | 33,396 /yr | |
| 112 | 2-bed | 913 sqft | AED 689KAED 688,548 · May 2018May 2018 | 45,000 /yr | |
| 113 | 1-bed | 622 sqft | AED 518KAED 517,636 · Apr 2019April 2019 | 55,000 /yr | |
| 114 | Studio | 383 sqft | AED 430KAED 430,000 · Jun 2025June 2025 | 36,000 /yr | |
| 115 | Studio | 410 sqft | AED 250KAED 250,000 · Jun 2024June 2024 | 42,000 /yr | |
| 116 | Studio | 410 sqft | AED 360KAED 360,288 · Feb 2020February 2020 | 36,000 /yr | |
| 118 | Studio | 437 sqft | AED 385KAED 385,000 · Jun 2018June 2018 | 36,000 /yr | |
| 119 | 1-bed | 514 sqft | AED 620KAED 620,000 · Jan 2026January 2026 | 46,000 /yr | |
| 120 | 1-bed | 514 sqft | AED 378KAED 377,530 · Oct 2021October 2021 | 47,000 /yr | |
| 121 | Studio | 360 sqft | AED 368KAED 367,500 · Feb 2020February 2020 | 27,000 /yr | |
| 122 | Studio | 360 sqft | AED 320KAED 320,000 · Jan 2018January 2018 | 37,000 /yr |
117, MAG 565 in numbers
- Sold twice: first on 3 July 2018 for AED 390,000, last on 18 July 2023 for AED 290,000 (AED 663 per sqft).
- Rented since November 2020 on 2 Ejari contracts, from AED 17,000 to AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2023 price is 13.1%, before a service charge of about AED 7,100 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 20 March 2024.
Questions about 117, MAG 565
What did unit 117 last sell for?
AED 290,000 on 18 July 2023: AED 663 per sqft for 437 sqft. The unit has 2 registered sales; the first was AED 390,000 in July 2018.
What is the rent for unit 117?
AED 38,000 a year on the contract signed on 20 March 2024. The previous contract, from November 2020, was AED 17,000.
How big is unit 117?
437 sqft (40.6 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.
What is unit 117 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 117, MAG 565
Starts from the last sale price (AED 290K, 18 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 290,000
- Deposit, UAE resident (20%)
- AED 58,000
- Deposit, non-resident (40%)
- AED 116,000
- Monthly over 25 years at 3.7%
- AED 1,186
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →