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Studio · 410 sqftMAG 565, Dubai South · 2nd floor · completed 2020

216, MAG 565

Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 5 November 2025
Last soldAED 379K5 September 2019
Current rentAED 40K /yr5 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 216, MAG 565

What is 216 worth today?

Last sold for AED 379,000 in 2019

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5 Nov 2025RentedNew contract
AED 40,000/yr12 months · AED 97 per sqft
1 Nov 2024RentedRenewal
AED 27,600/yr12 months · AED 67 per sqft
1 Nov 2023RentedNew contract
AED 24,000/yr12 months · AED 58 per sqft
1 Nov 2022RentedNew contract
AED 22,000/yr12 months · AED 54 per sqft
5 Oct 2020RentedNew contract
AED 18,000/yr12 months · AED 44 per sqft
5 Sep 2019Sold by developerOff-plan
AED 379,000AED 923 per sqft

Source: Dubai Land Department. Updated 5 November 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
2nd of 6
Parking
G-38
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 379K · September 2019
Building
MAG 565

About 216, MAG 565

216 is a studio of 410 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 5 September 2019 for AED 379,000, or AED 923 per sqft, in line with the AED 923 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 5 November 2025, is AED 40,000 a year: a gross yield of 10.5% on the 2019 price, before the service charge of about AED 6,700 a year.

Sales and rents for 216 over time

Sales
Unit 216, 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, September 2019: AED 379,000 (AED 923 per sqft)

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

Rents
Unit 216, 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, October 2020: AED 18,000 a yearNew contract, November 2022: AED 22,000 a yearNew contract, November 2023: AED 24,000 a yearRenewal, November 2024: AED 27,600 a yearNew contract, November 2025: AED 40,000 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 216 sits

All 66 studios →

216 last sold in September 2019 at AED 923 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 923). 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. 216's AED 40,000 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
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

216, MAG 565 in numbers

  • Sold once: by MAG on 5 September 2019 for AED 379,000, or AED 923 per sqft.
  • Rented since October 2020 on 5 Ejari contracts, from AED 18,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2019 price is 10.5%, before a service charge of about AED 6,700 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 5 November 2025.

Questions about 216, MAG 565

What did unit 216 last sell for?

AED 379,000 on 5 September 2019, sold by the developer: AED 923 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 40,000 a year on the contract signed on 5 November 2025. The previous contract, from November 2024, was AED 27,600; the unit has been rented since October 2020.

How big is unit 216?

410 sqft (38.1 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 216 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 216, MAG 565

Starts from the last sale price (AED 379K, 5 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 379,000
Deposit, UAE resident (20%)
AED 75,800
Deposit, non-resident (40%)
AED 151,600
Monthly over 25 years at 3.7%
AED 1,551

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