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Studio · 360 sqftMAG 565, Dubai South · 2nd floor · completed 2020

221, MAG 565

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

Unit 221 · DLD and Ejari recordsUpdated 1 July 2026
Last soldAED 300K27 March 2024
Current rentAED 36K /yr1 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 221, MAG 565

What is 221 worth today?

Last sold for AED 300,000 in 2024

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1 Jul 2026RentedNew contract
AED 36,000/yr12 months · AED 101 per sqft
1 Jun 2026RentedRenewal
AED 33,000/yr12 months · AED 93 per sqft
1 Jun 2025RentedRenewal
AED 24,000/yr12 months · AED 68 per sqft
1 Jun 2024RentedNew contract
AED 36,000/yr12 months · AED 101 per sqft
27 Mar 2024SoldReady
AED 300,000AED 833 per sqft
7 Jun 2020RentedNew contract
AED 18,500/yr12 months · AED 52 per sqft
3 Mar 2019Sold by developerOff-plan
AED 303,391AED 842 per sqft

Source: Dubai Land Department. Updated 1 July 2026.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
2nd of 6
Parking
G-43
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 300K · March 2024
Building
MAG 565

About 221, MAG 565

221 is a studio of 360 sqft on the 2nd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 27 March 2024 for AED 300,000, or AED 833 per sqft, in line with the AED 848 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 1 July 2026, is AED 36,000 a year: a gross yield of 12.0% on the 2024 price, before the service charge of about AED 5,900 a year.

Sales and rents for 221 over time

Sales
Unit 221, 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, March 2019: AED 303,391 (AED 842 per sqft)Sold, March 2024: AED 300,000 (AED 833 per sqft)

221 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 221, 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, June 2020: AED 18,500 a yearNew contract, June 2024: AED 36,000 a yearRenewal, June 2025: AED 24,000 a yearRenewal, June 2026: AED 33,000 a yearNew contract, July 2026: AED 36,000 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 221 sits

All 66 studios →

221 last sold in March 2024 at AED 833 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 848). 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. 221's AED 36,000 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

221, MAG 565 in numbers

  • Sold twice: first on 3 March 2019 for AED 303,391, last on 27 March 2024 for AED 300,000 (AED 833 per sqft).
  • Rented since June 2020 on 5 Ejari contracts, from AED 18,500 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2024 price is 12.0%, 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 July 2026.

Questions about 221, MAG 565

What did unit 221 last sell for?

AED 300,000 on 27 March 2024: AED 833 per sqft for 360 sqft. The unit has 2 registered sales; the first was AED 303,391 in March 2019.

What is the rent for unit 221?

AED 36,000 a year on the contract signed on 1 July 2026. The previous contract, from June 2026, was AED 33,000; the unit has been rented since June 2020.

How big is unit 221?

360 sqft (33.4 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2020.

What is unit 221 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 221, MAG 565

Starts from the last sale price (AED 300K, 27 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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