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1-bed · 481 sqftMAG 565, Dubai South · 2nd floor · completed 2020

204, MAG 565

Sold prices and rental history: sold 3 times, last in August 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 2 October 2026
Last soldAED 500K22 August 2024
Current rentAED 45K /yr2 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 204, MAG 565

What is 204 worth today?

Last sold for AED 500,000 in 2024

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2 Oct 2026RentedNew contract
AED 45,000/yr12 months · AED 93 per sqft
15 Sep 2024RentedNew contract
AED 45,000/yr12 months · AED 94 per sqft
22 Aug 2024SoldReady
AED 500,000AED 1,040 per sqft
29 Sep 2021SoldReady
AED 200,000AED 416 per sqft
1 Jul 2020RentedNew contract
AED 23,936/yr12 months · AED 49 per sqft
8 Apr 2018Sold by developerOff-plan
AED 420,000AED 873 per sqft

Source: Dubai Land Department. Updated 2 October 2026.

Key facts

Type
1-bed apartment
Size
481 sqft
Floor
2nd of 6
Parking
G-26
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 500K · August 2024
Building
MAG 565

About 204, MAG 565

204 is a one-bedroom apartment of 481 sqft on the 2nd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 22 August 2024 for AED 500,000, or AED 1,040 per sqft, 18% above the AED 879 one-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 2 October 2026, is AED 45,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 7,800 a year.

Sales and rents for 204 over time

Sales
Unit 204, each saleTypical one-bed in MAG 565
200K400K600K2017202020232026Typical sale price by year: 2017 AED 428,000; 2018 AED 436,000; 2019 AED 502,327; 2021 AED 377,530; 2022 AED 449,000; 2024 AED 455,000; 2025 AED 580,000Sold by developer, April 2018: AED 420,000 (AED 873 per sqft)Sold, September 2021: AED 200,000 (AED 416 per sqft)Sold, August 2024: AED 500,000 (AED 1,040 per sqft)

204 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 204, each contractTypical one-bed in MAG 565
20K40K2020202220242026Typical rent by year: 2020 AED 23,945; 2021 AED 24,000; 2022 AED 26,000; 2023 AED 33,250; 2024 AED 40,500; 2025 AED 45,500; 2026 AED 48,000New contract, July 2020: AED 23,936 a yearNew contract, September 2024: AED 45,000 a yearNew contract, October 2026: AED 45,000 a year

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

1-beds in MAG 565, and where 204 sits

All 48 1-beds →

204 last sold in August 2024 at AED 1,040 per sqft, 18% above what one-beds in MAG 565 were fetching at the time (AED 879). Over the last 12 months one-beds sold for AED 620,000 to 625,000, around AED 1,253 per sqft, and rent for AED 33,396 to 60,000 a year. 204's AED 45,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jan 2026620,000
12 Nov 2025625,000
31 Jul 2025580,000
31 Jul 2025695,000
2 1-bed 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
203StudioAED 323K · Feb 2024
2052-bedAED 497K · Sep 2019
2061-bedAED 436K · Jun 2018
207StudioAED 250K · Jul 2020
208StudioAED 440K · May 2026
1–7 of 21

204, MAG 565 in numbers

  • Sold 3 times: first on 8 April 2018 for AED 420,000, last on 22 August 2024 for AED 500,000 (AED 1,040 per sqft).
  • Rented since July 2020 on 3 Ejari contracts, from AED 23,936 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2024 price is 9.0%, before a service charge of about AED 7,800 a year (AED 16.26 per sqft).
  • One-beds in MAG 565 sold for AED 620,000–625,000 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 2 October 2026.

Questions about 204, MAG 565

What did unit 204 last sell for?

AED 500,000 on 22 August 2024: AED 1,040 per sqft for 481 sqft. The unit has 3 registered sales; the first was AED 420,000 in April 2018.

What is the rent for unit 204?

AED 45,000 a year on the contract signed on 2 October 2026. The previous contract, from September 2024, was AED 45,000; the unit has been rented since July 2020.

How big is unit 204?

481 sqft (44.7 sqm): a one-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 565 sold for AED 620,000 to 625,000 in the last 12 months, around AED 1,253 per sqft.

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Mortgage on 204, MAG 565

Starts from the last sale price (AED 500K, 22 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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