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

316, MAG 565

Sold prices and rental history: sold twice, last in April 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 16 June 2026
Last soldAED 450K17 April 2025
Current rentAED 42K /yr16 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, MAG 565

What is 316 worth today?

Last sold for AED 450,000 in 2025

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16 Jun 2026RentedNew contract
AED 42,000/yr12 months · AED 102 per sqft
22 May 2025RentedNew contract
AED 40,000/yr12 months · AED 97 per sqft
17 Apr 2025SoldReady
AED 450,000AED 1,096 per sqft
25 Apr 2024RentedRenewal
AED 22,200/yr12 months · AED 54 per sqft
25 Apr 2023RentedRenewal
AED 18,500/yr12 months · AED 45 per sqft
25 Apr 2022RentedRenewal
AED 16,800/yr12 months · AED 41 per sqft
25 Apr 2021RentedNew contract
AED 16,000/yr12 months · AED 39 per sqft
7 Jan 2018Sold by developerOff-plan
AED 413,933AED 1,008 per sqft

Source: Dubai Land Department. Updated 16 June 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
3rd of 6
Parking
G-60
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 450K · April 2025
Building
MAG 565

About 316, MAG 565

316 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. It last sold on 17 April 2025 for AED 450,000, or AED 1,096 per sqft, 11% above the AED 984 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, signed on 16 June 2026, is AED 42,000 a year: a gross yield of 9.3% on the 2025 price, before the service charge of about AED 6,700 a year.

Sales and rents for 316 over time

Sales
Unit 316, 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, January 2018: AED 413,933 (AED 1,008 per sqft)Sold, April 2025: AED 450,000 (AED 1,096 per sqft)

316 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 316, each contractTypical studio in MAG 565
20K40K2020202220242026Typical 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, April 2021: AED 16,000 a yearRenewal, April 2022: AED 16,800 a yearRenewal, April 2023: AED 18,500 a yearRenewal, April 2024: AED 22,200 a yearNew contract, May 2025: AED 40,000 a yearNew contract, June 2026: AED 42,000 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 316 sits

All 66 studios →

316 last sold in April 2025 at AED 1,096 per sqft, 11% above what studios in MAG 565 were fetching at the time (AED 984). 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. 316's AED 42,000 is in the upper 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

316, MAG 565 in numbers

  • Sold twice: first on 7 January 2018 for AED 413,933, last on 17 April 2025 for AED 450,000 (AED 1,096 per sqft).
  • Rented since April 2021 on 6 Ejari contracts, from AED 16,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2025 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 16 June 2026.

Questions about 316, MAG 565

What did unit 316 last sell for?

AED 450,000 on 17 April 2025: AED 1,096 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 413,933 in January 2018.

What is the rent for unit 316?

AED 42,000 a year on the contract signed on 16 June 2026. The previous contract, from May 2025, was AED 40,000; the unit has been rented since April 2021.

How big is unit 316?

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

What is unit 316 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 316, MAG 565

Starts from the last sale price (AED 450K, 17 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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