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Studio · 387 sqftMAG 565, Dubai South · 3rd floor · completed 2020

302, MAG 565

Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 10 February 2025
Last soldAED 390K19 June 2018
Current rentAED 39K /yr10 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, MAG 565

What is 302 worth today?

Last sold for AED 390,285 in 2018

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10 Feb 2025RentedNew contract
AED 39,000/yr12 months · AED 101 per sqft
10 Feb 2025RentedNew contract
AED 39,000/yr12 months · AED 101 per sqft
20 Dec 2023RentedRenewal
AED 28,000/yr12 months · AED 72 per sqft
20 Dec 2022RentedNew contract
AED 23,000/yr12 months · AED 59 per sqft
1 Jun 2021RentedRenewal
AED 19,000/yr12 months · AED 49 per sqft
1 Jun 2020RentedNew contract
AED 19,000/yr12 months · AED 49 per sqft
19 Jun 2018Sold by developerOff-plan
AED 390,285AED 1,008 per sqft

Source: Dubai Land Department. Updated 10 February 2025.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
3rd of 6
Parking
G-94
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 390K · June 2018
Building
MAG 565

About 302, MAG 565

302 is a studio of 387 sqft on the 3rd floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 19 June 2018 for AED 390,285, or AED 1,008 per sqft, in line with the AED 992 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 10 February 2025, is AED 39,000 a year: a gross yield of 10.0% on the 2018 price, before the service charge of about AED 6,300 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, June 2018: AED 390,285 (AED 1,008 per sqft)

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

Rents
Unit 302, 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 19,000 a yearRenewal, June 2021: AED 19,000 a yearNew contract, December 2022: AED 23,000 a yearRenewal, December 2023: AED 28,000 a yearNew contract, February 2025: AED 39,000 a yearNew contract, February 2025: AED 39,000 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 302 sits

All 66 studios →

302 last sold in June 2018 at AED 1,008 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 992). 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. 302's AED 39,000 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 3rd floor

All 132 units in MAG 565
Value
3011-bedAED 400K · Aug 2023
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

302, MAG 565 in numbers

  • Sold once: by MAG on 19 June 2018 for AED 390,285, or AED 1,008 per sqft.
  • Rented since June 2020 on 6 Ejari contracts, from AED 19,000 to AED 39,000 a year.
  • At AED 39,000 a year the gross yield on the 2018 price is 10.0%, before a service charge of about AED 6,300 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 10 February 2025.

Questions about 302, MAG 565

What did unit 302 last sell for?

AED 390,285 on 19 June 2018, sold by the developer: AED 1,008 per sqft for 387 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 39,000 a year on the contract signed on 10 February 2025. The previous contract, from February 2025, was AED 39,000; the unit has been rented since June 2020.

How big is unit 302?

387 sqft (36.0 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 302 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 302, MAG 565

Starts from the last sale price (AED 390K, 19 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 390,285
Deposit, UAE resident (20%)
AED 78,057
Deposit, non-resident (40%)
AED 156,114
Monthly over 25 years at 3.7%
AED 1,597

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