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2-bed · 913 sqftMAG 565, Dubai South · 3rd floor · completed 2020

312, MAG 565

Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 19 September 2023
Last soldAED 750K14 October 2022
Current rentAED 54K /yr19 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, MAG 565

What is 312 worth today?

Last sold for AED 750,000 in 2022

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19 Sep 2023RentedNew contract
AED 54,000/yr12 months · AED 59 per sqft
14 Oct 2022Sold by developerReady
AED 750,000AED 821 per sqft
1 May 2021RentedNew contract
AED 34,000/yr12 months · AED 37 per sqft
1 Nov 2020RentedNew contract
AED 50,000/yr12 months · AED 55 per sqft

Source: Dubai Land Department. Updated 19 September 2023.

Key facts

Type
2-bed apartment
Size
913 sqft
Floor
3rd of 6
Parking
G-56
Developer
MAG
Completed
2020
Service charge
AED 14,800 /yr
Last sold
AED 750K · October 2022
Building
MAG 565

About 312, MAG 565

312 is a two-bedroom apartment of 913 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 14 October 2022 for AED 750,000, or AED 821 per sqft, in line with the AED 821 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 19 September 2023, is AED 54,000 a year: a gross yield of 7.2% on the 2022 price, before the service charge of about AED 14,800 a year.

Sales and rents for 312 over time

Sales
Unit 312, each saleTypical two-bed in MAG 565
600K2018202020222024Typical sale price by year: 2018 AED 688,548; 2019 AED 497,000; 2020 AED 497,000; 2022 AED 750,000; 2023 AED 530,000Sold by developer, October 2022: AED 750,000 (AED 821 per sqft)

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

Rents
Unit 312, each contractTypical two-bed in MAG 565
40K2020202220242026Typical rent by year: 2020 AED 35,000; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 42,000; 2024 AED 44,160; 2025 AED 49,500; 2026 AED 50,750New contract, November 2020: AED 50,000 a yearNew contract, May 2021: AED 34,000 a yearNew contract, September 2023: AED 54,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 565, and where 312 sits

All 18 2-beds →

312 last sold in October 2022 at AED 821 per sqft, in line with what two-beds in MAG 565 were fetching at the time (AED 821). Over the last 12 months two-beds sold for AED 725,000, around AED 1,084 per sqft, and rent for AED 45,000 to 60,000 a year. 312's AED 54,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Aug 2026725,000
4 Apr 2025720,000
3 Jun 2024640,000
20 Jun 2023530,000
1 2-bed sale 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

312, MAG 565 in numbers

  • Sold once: by MAG on 14 October 2022 for AED 750,000, or AED 821 per sqft.
  • Rented since November 2020 on 3 Ejari contracts. The rent fell from AED 50,000 to AED 34,000 in 2021 and recovered to AED 54,000 by September 2023.
  • At AED 54,000 a year the gross yield on the 2022 price is 7.2%, before a service charge of about AED 14,800 a year (AED 16.26 per sqft).
  • Two-beds in MAG 565 sold for AED 725,000–725,000 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 19 September 2023.

Questions about 312, MAG 565

What did unit 312 last sell for?

AED 750,000 on 14 October 2022, sold by the developer: AED 821 per sqft for 913 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 54,000 a year on the contract signed on 19 September 2023. The previous contract, from May 2021, was AED 34,000; the unit has been rented since November 2020.

How big is unit 312?

913 sqft (84.8 sqm): a two-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 312 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 565 sold for AED 725,000 to 725,000 in the last 12 months, around AED 1,084 per sqft.

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Mortgage on 312, MAG 565

Starts from the last sale price (AED 750K, 14 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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