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2-bed · 913 sqftMAG 565, Dubai South · 2nd floor · completed 2020

212, MAG 565

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

Unit 212 · DLD and Ejari recordsUpdated 15 June 2023
Last soldAED 650K4 April 2023
Current rentAED 48K /yr15 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 212, MAG 565

What is 212 worth today?

Last sold for AED 650,054 in 2023

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15 Jun 2023RentedNew contract
AED 48,000/yr12 months · AED 52 per sqft
4 Apr 2023Sold by developerReady
AED 650,054AED 712 per sqft
1 Jan 2020RentedNew contract
AED 75,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 15 June 2023.

Key facts

Type
2-bed apartment
Size
913 sqft
Floor
2nd of 6
Parking
G-34
Developer
MAG
Completed
2020
Service charge
AED 14,800 /yr
Last sold
AED 650K · April 2023
Building
MAG 565

About 212, MAG 565

212 is a two-bedroom apartment of 913 sqft on the 2nd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 4 April 2023 for AED 650,054, or AED 712 per sqft, in line with the AED 718 two-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 15 June 2023, is AED 48,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 14,800 a year.

Sales and rents for 212 over time

Sales
Unit 212, each saleTypical two-bed in MAG 565
600K2018202020222024Typical sale price by year: 2018 AED 688,548; 2019 AED 497,000; 2020 AED 497,000; 2022 AED 750,000; 2023 AED 530,000Sold by developer, April 2023: AED 650,054 (AED 712 per sqft)

212 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 212, each contractTypical two-bed in MAG 565
25K50K75K2020202220242026Typical rent by year: 2020 AED 35,000; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 42,000; 2024 AED 44,160; 2025 AED 49,500; 2026 AED 50,750New contract, January 2020: AED 75,000 a yearNew contract, June 2023: AED 48,000 a year

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

2-beds in MAG 565, and where 212 sits

All 18 2-beds →

212 last sold in April 2023 at AED 712 per sqft, in line with what two-beds in MAG 565 were fetching at the time (AED 718). Over the last 12 months two-beds sold for AED 725,000, around AED 1,084 per sqft, and rent for AED 45,000 to 60,000 a year. 212's AED 48,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Aug 2026725,000
4 Apr 2025720,000
3 Jun 2024640,000
20 Jun 2023530,000
1 2-bed sale 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
2041-bedAED 500K · Aug 2024
2052-bedAED 497K · Sep 2019
2061-bedAED 436K · Jun 2018
207StudioAED 250K · Jul 2020
1–7 of 21

212, MAG 565 in numbers

  • Sold once: by MAG on 4 April 2023 for AED 650,054, or AED 712 per sqft.
  • Rented since January 2020 on 2 Ejari contracts, from AED 75,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 14,800 a year (AED 16.26 per sqft).
  • Two-beds in MAG 565 sold for AED 725,000–725,000 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 15 June 2023.

Questions about 212, MAG 565

What did unit 212 last sell for?

AED 650,054 on 4 April 2023, sold by the developer: AED 712 per sqft for 913 sqft. It is the only registered sale of the unit.

What is the rent for unit 212?

AED 48,000 a year on the contract signed on 15 June 2023. The previous contract, from January 2020, was AED 75,000.

How big is unit 212?

913 sqft (84.8 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 212 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 565 sold for AED 725,000 to 725,000 in the last 12 months, around AED 1,084 per sqft.

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Mortgage on 212, MAG 565

Starts from the last sale price (AED 650K, 4 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 650,054
Deposit, UAE resident (20%)
AED 130,011
Deposit, non-resident (40%)
AED 260,022
Monthly over 25 years at 3.7%
AED 2,660

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