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Studio · 360 sqftMAG 565, Dubai South · 3rd floor · completed 2020

322, MAG 565

Sold prices and rental history: sold once, by the developer in March 2019, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 322 · DLD and Ejari recordsUpdated 1 November 2022
Last soldAED 374K3 March 2019
Current rentAED 23K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 322, MAG 565

What is 322 worth today?

Last sold for AED 373,800 in 2019

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1 Nov 2022RentedNew contract
AED 23,000/yr12 months · AED 64 per sqft
15 Oct 2021RentedNew contract
AED 18,000/yr12 months · AED 51 per sqft
3 Mar 2019Sold by developerOff-plan
AED 373,800AED 1,038 per sqft

Source: Dubai Land Department. Updated 1 November 2022.

Key facts

Type
Studio apartment
Size
360 sqft
Floor
3rd of 6
Parking
G-66
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 374K · March 2019
Building
MAG 565

About 322, MAG 565

322 is a studio of 360 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 3 March 2019 for AED 373,800, or AED 1,038 per sqft, 13% above the AED 922 studios in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 November 2022, is AED 23,000 a year: a gross yield of 6.2% on the 2019 price, before the service charge of about AED 5,900 a year.

Sales and rents for 322 over time

Sales
Unit 322, 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, March 2019: AED 373,800 (AED 1,038 per sqft)

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

Rents
Unit 322, 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, October 2021: AED 18,000 a yearNew contract, November 2022: AED 23,000 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 322 sits

All 66 studios →

322 last sold in March 2019 at AED 1,038 per sqft, 13% above what studios in MAG 565 were fetching at the time (AED 922). 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. 322's AED 23,000 is at the bottom 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

322, MAG 565 in numbers

  • Sold once: by MAG on 3 March 2019 for AED 373,800, or AED 1,038 per sqft.
  • Rented since October 2021 on 2 Ejari contracts, from AED 18,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2019 price is 6.2%, before a service charge of about AED 5,900 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 1 November 2022.

Questions about 322, MAG 565

What did unit 322 last sell for?

AED 373,800 on 3 March 2019, sold by the developer: AED 1,038 per sqft for 360 sqft. It is the only registered sale of the unit.

What is the rent for unit 322?

AED 23,000 a year on the contract signed on 1 November 2022. The previous contract, from October 2021, was AED 18,000.

How big is unit 322?

360 sqft (33.4 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2020.

What is unit 322 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 322, MAG 565

Starts from the last sale price (AED 374K, 3 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 373,800
Deposit, UAE resident (20%)
AED 74,760
Deposit, non-resident (40%)
AED 149,520
Monthly over 25 years at 3.7%
AED 1,529

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