402, MAG 565
Sold prices and rental history: sold once, by the developer in March 2018, and rented once, from November 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, MAG 565
What is 402 worth today?
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Source: Dubai Land Department. Updated 5 November 2026.
Key facts
- Type
- Studio apartment
- Size
- 387 sqft
- Floor
- 4th of 6
- Parking
- G-68
- Developer
- MAG
- Completed
- 2020
- Service charge
- AED 6,300 /yr
- Last sold
- AED 340K · March 2018
- Building
- MAG 565
About 402, MAG 565
402 is a studio of 387 sqft on the 4th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 25 March 2018 for AED 340,243, or AED 879 per sqft, 12% below the AED 1,000 studios in the building were fetching at the time.
One Ejari contract is registered, from 5 November 2026. The current contract, signed on 5 November 2026, is AED 39,500 a year: a gross yield of 11.6% on the 2018 price, before the service charge of about AED 6,300 a year.
Sales and rents for 402 over time
402 has sold once; the dashed line is the studio median of each year in the building.
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 402 sits
All 66 studios →402 last sold in March 2018 at AED 879 per sqft, 12% below what studios in MAG 565 were fetching at the time (AED 1,000). 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. 402's AED 39,500 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 410 sqft | 479,000 | 1,167 | ||
| 21 May 202621 May 2026 | 347 sqft | 425,000 | 1,223 | ||
| 20 May 202620 May 2026 | 347 sqft | 440,000 | 1,266 | ||
| 22 Nov 202522 November 2025 | 437 sqft | 500,000 | 1,144 |
MAG 565
Building132 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%
Other units on the 4th floor
All 132 units in MAG 565| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 628 sqft | AED 523KAED 523,017 · Dec 2019December 2019 | 40,000 /yr | |
| 403 | Studio | 365 sqft | AED 322KAED 321,675 · Jun 2018June 2018 | 38,000 /yr | |
| 404 | 1-bed | 481 sqft | AED 448KAED 448,000 · Apr 2018April 2018 | 28,000 /yr | |
| 405 | 2-bed | 670 sqft | AED 640KAED 640,000 · Jun 2024June 2024 | 26,000 /yr | |
| 406 | 1-bed | 483 sqft | AED 436KAED 436,000 · Apr 2018April 2018 | 29,208 /yr | |
| 407 | Studio | 387 sqft | AED 385KAED 385,000 · Dec 2019December 2019 | 40,000 /yr | |
| 408 | Studio | 347 sqft | AED 296KAED 295,613 · May 2018May 2018 | 38,000 /yr | |
| 409 | 1-bed | 481 sqft | AED 505KAED 505,000 · Jun 2025June 2025 | 50,400 /yr | |
| 410 | 2-bed | 668 sqft | AED 720KAED 720,000 · Apr 2025April 2025 | ||
| 411 | 1-bed | 483 sqft | AED 435KAED 435,000 · Feb 2024February 2024 | 60,000 /yr | |
| 412 | 2-bed | 913 sqft | AED 750KAED 750,000 · Sep 2022September 2022 | 70,000 /yr | |
| 413 | 1-bed | 622 sqft | AED 695KAED 695,000 · Jul 2025July 2025 | 26,000 /yr | |
| 414 | Studio | 383 sqft | AED 350KAED 350,000 · Mar 2024March 2024 | 34,000 /yr | |
| 415 | Studio | 410 sqft | AED 405KAED 405,000 · Jul 2024July 2024 | 32,000 /yr | |
| 416 | Studio | 410 sqft | AED 440KAED 440,000 · May 2025May 2025 | 43,000 /yr | |
| 417 | Studio | 437 sqft | AED 384KAED 384,000 · Sep 2019September 2019 | 37,000 /yr | |
| 418 | Studio | 437 sqft | AED 350KAED 350,000 · Aug 2020August 2020 | 40,000 /yr | |
| 419 | 1-bed | 514 sqft | AED 493KAED 493,313 · Mar 2018March 2018 | 42,500 /yr | |
| 420 | 1-bed | 514 sqft | AED 450KAED 450,000 · Feb 2025February 2025 | 48,000 /yr | |
| 421 | Studio | 360 sqft | AED 368KAED 367,500 · May 2019May 2019 | ||
| 422 | Studio | 360 sqft | AED 368KAED 367,500 · Nov 2017November 2017 | 37,000 /yr |
402, MAG 565 in numbers
- Sold once: by MAG on 25 March 2018 for AED 340,243, or AED 879 per sqft.
- Rented since November 2026 on one Ejari contract, at AED 39,500 a year.
- At AED 39,500 a year the gross yield on the 2018 price is 11.6%, before a service charge of about AED 6,300 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 5 November 2026.
Questions about 402, MAG 565
What did unit 402 last sell for?
AED 340,243 on 25 March 2018, sold by the developer: AED 879 per sqft for 387 sqft. It is the only registered sale of the unit.
What is the rent for unit 402?
AED 39,500 a year on the contract signed on 5 November 2026.
How big is unit 402?
387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.
What is unit 402 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 402, MAG 565
Starts from the last sale price (AED 340K, 25 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 340,243
- Deposit, UAE resident (20%)
- AED 68,049
- Deposit, non-resident (40%)
- AED 136,097
- Monthly over 25 years at 3.7%
- AED 1,392
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →