Home
Dubai prices
About
Blog
Studio · 360 sqftMAG 565, Dubai South · 1st floor · completed 2020

121, MAG 565

Sold prices and rental history: sold once, by the developer in February 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 121 · DLD and Ejari recordsUpdated 3 November 2023
Last soldAED 368K10 February 2020
Current rentAED 27K /yr3 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 121

Property timeline for 121, MAG 565

What is 121 worth today?

Last sold for AED 367,500 in 2020

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

3 Nov 2023RentedNew contract
AED 27,000/yr12 months · AED 75 per sqft
20 Apr 2023RentedRenewal
AED 22,000/yr12 months · AED 62 per sqft
20 Apr 2022RentedRenewal
AED 19,000/yr12 months · AED 53 per sqft
20 Apr 2021RentedNew contract
AED 18,000/yr12 months · AED 51 per sqft
10 Feb 2020Sold by developerOff-plan
AED 367,500AED 1,020 per sqft

Source: Dubai Land Department. Updated 3 November 2023.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
1st of 6
Parking
G-21
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 368K · February 2020
Building
MAG 565

About 121, MAG 565

121 is a studio of 360 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 10 February 2020 for AED 367,500, or AED 1,020 per sqft, in line with the AED 994 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 3 November 2023, is AED 27,000 a year: a gross yield of 7.3% on the 2020 price, before the service charge of about AED 5,900 a year.

Sales and rents for 121 over time

Sales
Unit 121, 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 367,500 (AED 1,020 per sqft)

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

Rents
Unit 121, 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, April 2021: AED 18,000 a yearRenewal, April 2022: AED 19,000 a yearRenewal, April 2023: AED 22,000 a yearNew contract, November 2023: AED 27,000 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 121 sits

All 66 studios →

121 last sold in February 2020 at AED 1,020 per sqft, in line with 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. 121's AED 27,000 is at the bottom 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

121, MAG 565 in numbers

  • Sold once: by MAG on 10 February 2020 for AED 367,500, or AED 1,020 per sqft.
  • Rented since April 2021 on 4 Ejari contracts, from AED 18,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2020 price is 7.3%, before a service charge of about AED 5,900 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 3 November 2023.

Questions about 121, MAG 565

What did unit 121 last sell for?

AED 367,500 on 10 February 2020, sold by the developer: AED 1,020 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 121?

AED 27,000 a year on the contract signed on 3 November 2023. The previous contract, from April 2023, was AED 22,000; the unit has been rented since April 2021.

How big is unit 121?

360 sqft (33.4 sqm): a studio on the 1st floor of a 6-storey tower completed in 2020.

What is unit 121 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.

Selling 121? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 121, MAG 565

Starts from the last sale price (AED 368K, 10 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 367,500
Deposit, UAE resident (20%)
AED 73,500
Deposit, non-resident (40%)
AED 147,000
Monthly over 25 years at 3.7%
AED 1,504

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