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1-bed · 481 sqftMAG 565, Dubai South · 3rd floor · completed 2020

309, MAG 565

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

Unit 309 · DLD and Ejari recordsUpdated 25 October 2022
Last soldAED 420K11 February 2020
Current rentAED 27K /yr25 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, MAG 565

What is 309 worth today?

Last sold for AED 420,000 in 2020

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25 Oct 2022RentedNew contract
AED 27,000/yr12 months · AED 56 per sqft
25 Aug 2020RentedNew contract
AED 23,000/yr13 months · AED 47 per sqft
11 Feb 2020Sold by developerOff-plan
AED 420,000AED 873 per sqft

Source: Dubai Land Department. Updated 25 October 2022.

Key facts

Type
1-bed apartment
Size
481 sqft
Floor
3rd of 6
Parking
G-53
Developer
MAG
Completed
2020
Service charge
AED 7,800 /yr
Last sold
AED 420K · February 2020
Building
MAG 565

About 309, MAG 565

309 is a one-bedroom apartment of 481 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 11 February 2020 for AED 420,000, or AED 873 per sqft, in line with the AED 853 one-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 25 October 2022, is AED 27,000 a year: a gross yield of 6.4% on the 2020 price, before the service charge of about AED 7,800 a year.

Sales and rents for 309 over time

Sales
Unit 309, 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, February 2020: AED 420,000 (AED 873 per sqft)

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

Rents
Unit 309, 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 23,000 a yearNew contract, October 2022: AED 27,000 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 309 sits

All 48 1-beds →

309 last sold in February 2020 at AED 873 per sqft, in line with what one-beds in MAG 565 were fetching at the time (AED 853). 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. 309's AED 27,000 is at the bottom 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
3011-bedAED 400K · Aug 2023
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
1–7 of 21

309, MAG 565 in numbers

  • Sold once: by MAG on 11 February 2020 for AED 420,000, or AED 873 per sqft.
  • Rented since August 2020 on 2 Ejari contracts, from AED 23,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2020 price is 6.4%, before a service charge of about AED 7,800 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 25 October 2022.

Questions about 309, MAG 565

What did unit 309 last sell for?

AED 420,000 on 11 February 2020, sold by the developer: AED 873 per sqft for 481 sqft. It is the only registered sale of the unit.

What is the rent for unit 309?

AED 27,000 a year on the contract signed on 25 October 2022. The previous contract, from August 2020, was AED 23,000.

How big is unit 309?

481 sqft (44.7 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 309 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 309, MAG 565

Starts from the last sale price (AED 420K, 11 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 420,000
Deposit, UAE resident (20%)
AED 84,000
Deposit, non-resident (40%)
AED 168,000
Monthly over 25 years at 3.7%
AED 1,718

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