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1-bed · 628 sqftMAG 565, Dubai South · 3rd floor · completed 2020

301, MAG 565

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 2 September 2024
Last soldAED 400K15 August 2023
Current rentAED 45K /yr2 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, MAG 565

What is 301 worth today?

Last sold for AED 400,000 in 2023

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2 Sep 2024RentedRenewal
AED 45,000/yr8 months · AED 72 per sqft
2 Sep 2023RentedNew contract
AED 42,000/yr12 months · AED 67 per sqft
15 Aug 2023SoldReady
AED 400,000AED 636 per sqft
28 Jul 2022RentedNew contract
AED 33,000/yr12 months · AED 53 per sqft
12 Aug 2020RentedNew contract
AED 23,945/yr14 months · AED 38 per sqft
22 Apr 2020Sold by developerReady
AED 480,000AED 763 per sqft

Source: Dubai Land Department. Updated 2 September 2024.

Key facts

Type
1-bed apartment
Size
628 sqft
Floor
3rd of 6
Parking
G-99
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 400K · August 2023
Building
MAG 565

About 301, MAG 565

301 is a one-bedroom apartment of 628 sqft on the 3rd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 15 August 2023 for AED 400,000, or AED 636 per sqft, 11% below the AED 714 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 2 September 2024, is AED 45,000 a year: a gross yield of 11.3% on the 2023 price, before the service charge of about AED 10,200 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical one-bed in MAG 565
400K500K600K2017202020232026Typical 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 2020: AED 480,000 (AED 763 per sqft)Sold, August 2023: AED 400,000 (AED 636 per sqft)

301 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 301, 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, August 2020: AED 23,945 a yearNew contract, July 2022: AED 33,000 a yearNew contract, September 2023: AED 42,000 a yearRenewal, September 2024: 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 301 sits

All 48 1-beds →

301 last sold in August 2023 at AED 636 per sqft, 11% below what one-beds in MAG 565 were fetching at the time (AED 714). 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. 301'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 3rd floor

All 132 units in MAG 565
Value
302StudioAED 390K · Jun 2018
303StudioAED 372K · Apr 2020
3041-bedAED 625K · Nov 2025
3052-bedAED 530K · Sep 2018
3061-bedAED 435K · Sep 2018
307StudioAED 398K · Apr 2018
308StudioAED 425K · May 2026
1–7 of 21

301, MAG 565 in numbers

  • Sold twice: first on 22 April 2020 for AED 480,000, last on 15 August 2023 for AED 400,000 (AED 636 per sqft).
  • Rented since August 2020 on 4 Ejari contracts, from AED 23,945 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2023 price is 11.3%, before a service charge of about AED 10,200 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 September 2024.

Questions about 301, MAG 565

What did unit 301 last sell for?

AED 400,000 on 15 August 2023: AED 636 per sqft for 628 sqft. The unit has 2 registered sales; the first was AED 480,000 in April 2020.

What is the rent for unit 301?

AED 45,000 a year on the contract renewed on 2 September 2024. The previous contract, from September 2023, was AED 42,000; the unit has been rented since August 2020.

How big is unit 301?

628 sqft (58.3 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 301 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 301, MAG 565

Starts from the last sale price (AED 400K, 15 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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