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Studio · 365 sqftMAG 565, Dubai South · 2nd floor · completed 2020

203, MAG 565

Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 323K1 February 2024
Current rentAED 38K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, MAG 565

What is 203 worth today?

Last sold for AED 323,000 in 2024

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1 Nov 2025RentedNew contract
AED 38,000/yr12 months · AED 104 per sqft
10 Aug 2024RentedNew contract
AED 26,565/yr12 months · AED 73 per sqft
1 Feb 2024SoldReady
AED 323,000AED 884 per sqft
10 Aug 2023RentedRenewal
AED 23,100/yr12 months · AED 63 per sqft
10 Aug 2022RentedNew contract
AED 21,000/yr12 months · AED 57 per sqft
18 Jul 2022SoldReady
AED 240,000AED 657 per sqft
10 Feb 2020Sold by developerOff-plan
AED 321,675AED 881 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
2nd of 6
Parking
G-25
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 323K · February 2024
Building
MAG 565

About 203, MAG 565

203 is a studio of 365 sqft on the 2nd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 February 2024 for AED 323,000, or AED 884 per sqft, 7% above the AED 823 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 November 2025, is AED 38,000 a year: a gross yield of 11.8% on the 2024 price, before the service charge of about AED 5,900 a year.

Sales and rents for 203 over time

Sales
Unit 203, 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 321,675 (AED 881 per sqft)Sold, July 2022: AED 240,000 (AED 657 per sqft)Sold, February 2024: AED 323,000 (AED 884 per sqft)

203 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 203, 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, August 2022: AED 21,000 a yearRenewal, August 2023: AED 23,100 a yearNew contract, August 2024: AED 26,565 a yearNew contract, November 2025: AED 38,000 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 203 sits

All 66 studios →

203 last sold in February 2024 at AED 884 per sqft, 7% above what studios in MAG 565 were fetching at the time (AED 823). 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. 203's AED 38,000 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 2nd floor

All 132 units in MAG 565
Value
2011-bedAED 458K · Jan 2022
202StudioAED 250K · Jul 2020
2041-bedAED 500K · Aug 2024
2052-bedAED 497K · Sep 2019
2061-bedAED 436K · Jun 2018
207StudioAED 250K · Jul 2020
208StudioAED 440K · May 2026
1–7 of 21

203, MAG 565 in numbers

  • Sold 3 times: first on 10 February 2020 for AED 321,675, last on 1 February 2024 for AED 323,000 (AED 884 per sqft).
  • Rented since August 2022 on 4 Ejari contracts, from AED 21,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 11.8%, 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 1 November 2025.

Questions about 203, MAG 565

What did unit 203 last sell for?

AED 323,000 on 1 February 2024: AED 884 per sqft for 365 sqft. The unit has 3 registered sales; the first was AED 321,675 in February 2020.

What is the rent for unit 203?

AED 38,000 a year on the contract signed on 1 November 2025. The previous contract, from August 2024, was AED 26,565; the unit has been rented since August 2022.

How big is unit 203?

365 sqft (33.9 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 203 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 203, MAG 565

Starts from the last sale price (AED 323K, 1 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 323,000
Deposit, UAE resident (20%)
AED 64,600
Deposit, non-resident (40%)
AED 129,200
Monthly over 25 years at 3.7%
AED 1,321

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