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Studio · 410 sqftMAG 565, Dubai South · 3rd floor · completed 2020

315, MAG 565

Sold prices and rental history: sold once, by the developer in May 2019, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 315 · DLD and Ejari recordsUpdated 2 August 2026
Last soldAED 359K29 May 2019
Current rentAED 34K /yr2 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 315, MAG 565

What is 315 worth today?

Last sold for AED 358,950 in 2019

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2 Aug 2026RentedRenewal
AED 33,500/yr12 months · AED 82 per sqft
2 Aug 2025RentedRenewal
AED 31,000/yr12 months · AED 76 per sqft
2 Aug 2024RentedRenewal
AED 28,000/yr12 months · AED 68 per sqft
2 Aug 2023RentedRenewal
AED 23,000/yr12 months · AED 56 per sqft
2 Aug 2022RentedNew contract
AED 21,000/yr12 months · AED 51 per sqft
1 Aug 2021RentedNew contract
AED 18,500/yr12 months · AED 45 per sqft
5 Jul 2020RentedNew contract
AED 24,000/yr12 months · AED 59 per sqft
29 May 2019Sold by developerOff-plan
AED 358,950AED 875 per sqft

Source: Dubai Land Department. Updated 2 August 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
3rd of 6
Parking
G-59
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 359K · May 2019
Building
MAG 565

About 315, MAG 565

315 is a studio of 410 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 29 May 2019 for AED 358,950, or AED 875 per sqft, 5% below the AED 923 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 2 August 2026, is AED 33,500 a year: a gross yield of 9.3% on the 2019 price, before the service charge of about AED 6,700 a year.

Sales and rents for 315 over time

Sales
Unit 315, 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, May 2019: AED 358,950 (AED 875 per sqft)

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

Rents
Unit 315, 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, July 2020: AED 24,000 a yearNew contract, August 2021: AED 18,500 a yearNew contract, August 2022: AED 21,000 a yearRenewal, August 2023: AED 23,000 a yearRenewal, August 2024: AED 28,000 a yearRenewal, August 2025: AED 31,000 a yearRenewal, August 2026: AED 33,500 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 315 sits

All 66 studios →

315 last sold in May 2019 at AED 875 per sqft, 5% below what studios in MAG 565 were fetching at the time (AED 923). 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. 315's AED 33,500 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
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

315, MAG 565 in numbers

  • Sold once: by MAG on 29 May 2019 for AED 358,950, or AED 875 per sqft.
  • Rented since July 2020 on 7 Ejari contracts. The rent fell from AED 24,000 to AED 18,500 in 2021 and recovered to AED 33,500 by August 2026.
  • At AED 33,500 a year the gross yield on the 2019 price is 9.3%, before a service charge of about AED 6,700 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 2 August 2026.

Questions about 315, MAG 565

What did unit 315 last sell for?

AED 358,950 on 29 May 2019, sold by the developer: AED 875 per sqft for 410 sqft. It is the only registered sale of the unit.

What is the rent for unit 315?

AED 33,500 a year on the contract renewed on 2 August 2026. The previous contract, from August 2025, was AED 31,000; the unit has been rented since July 2020.

How big is unit 315?

410 sqft (38.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 315 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 315, MAG 565

Starts from the last sale price (AED 359K, 29 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 358,950
Deposit, UAE resident (20%)
AED 71,790
Deposit, non-resident (40%)
AED 143,580
Monthly over 25 years at 3.7%
AED 1,469

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