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1-bed · 483 sqftMAG 565, Dubai South · 4th floor · completed 2020

406, MAG 565

Sold prices and rental history: sold once, by the developer in April 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 6 May 2025
Last soldAED 436K1 April 2018
Current rentAED 29K /yr6 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, MAG 565

What is 406 worth today?

Last sold for AED 436,000 in 2018

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6 May 2025RentedRenewal
AED 29,208/yr5 months · AED 60 per sqft
6 May 2024RentedRenewal
AED 25,410/yr12 months · AED 52 per sqft
6 May 2023RentedRenewal
AED 23,100/yr12 months · AED 48 per sqft
6 May 2022RentedRenewal
AED 22,000/yr12 months · AED 45 per sqft
6 Apr 2021RentedNew contract
AED 21,000/yr13 months · AED 43 per sqft
1 Apr 2018Sold by developerOff-plan
AED 436,000AED 902 per sqft

Source: Dubai Land Department. Updated 6 May 2025.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
4th of 6
Parking
G-33
Developer
MAG
Completed
2020
Service charge
AED 7,900 /yr
Last sold
AED 436K · April 2018
Building
MAG 565

About 406, MAG 565

406 is a one-bedroom apartment of 483 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 1 April 2018 for AED 436,000, or AED 902 per sqft, in line with the AED 902 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 6 May 2025, is AED 29,208 a year: a gross yield of 6.7% on the 2018 price, before the service charge of about AED 7,900 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical one-bed in MAG 565
400K500K600K2017202020232026Typical sale price by year: 2017 AED 428,000; 2018 AED 436,000; 2019 AED 502,327; 2021 AED 377,530; 2022 AED 449,000; 2024 AED 455,000; 2025 AED 580,000Sold by developer, April 2018: AED 436,000 (AED 902 per sqft)

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

Rents
Unit 406, each contractTypical one-bed in MAG 565
20K40K2020202220242026Typical rent by year: 2020 AED 23,945; 2021 AED 24,000; 2022 AED 26,000; 2023 AED 33,250; 2024 AED 40,500; 2025 AED 45,500; 2026 AED 48,000New contract, April 2021: AED 21,000 a yearRenewal, May 2022: AED 22,000 a yearRenewal, May 2023: AED 23,100 a yearRenewal, May 2024: AED 25,410 a yearRenewal, May 2025: AED 29,208 a year

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

1-beds in MAG 565, and where 406 sits

All 48 1-beds →

406 last sold in April 2018 at AED 902 per sqft, in line with what one-beds in MAG 565 were fetching at the time (AED 902). Over the last 12 months one-beds sold for AED 620,000 to 625,000, around AED 1,253 per sqft, and rent for AED 33,396 to 60,000 a year. 406's AED 29,208 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Jan 2026620,000
12 Nov 2025625,000
31 Jul 2025580,000
31 Jul 2025695,000
2 1-bed 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 4th floor

All 132 units in MAG 565
Value
4011-bedAED 523K · Dec 2019
402StudioAED 340K · Mar 2018
403StudioAED 322K · Jun 2018
4041-bedAED 448K · Apr 2018
4052-bedAED 640K · Jun 2024
407StudioAED 385K · Dec 2019
408StudioAED 296K · May 2018
1–7 of 21

406, MAG 565 in numbers

  • Sold once: by MAG on 1 April 2018 for AED 436,000, or AED 902 per sqft.
  • Rented since April 2021 on 5 Ejari contracts, from AED 21,000 to AED 29,208 a year.
  • At AED 29,208 a year the gross yield on the 2018 price is 6.7%, before a service charge of about AED 7,900 a year (AED 16.26 per sqft).
  • One-beds in MAG 565 sold for AED 620,000–625,000 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 6 May 2025.

Questions about 406, MAG 565

What did unit 406 last sell for?

AED 436,000 on 1 April 2018, sold by the developer: AED 902 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 406?

AED 29,208 a year on the contract renewed on 6 May 2025. The previous contract, from May 2024, was AED 25,410; the unit has been rented since April 2021.

How big is unit 406?

483 sqft (44.9 sqm): a one-bedroom apartment on the 4th floor of a 6-storey tower completed in 2020.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MAG 565 sold for AED 620,000 to 625,000 in the last 12 months, around AED 1,253 per sqft.

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Mortgage on 406, MAG 565

Starts from the last sale price (AED 436K, 1 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 436,000
Deposit, UAE resident (20%)
AED 87,200
Deposit, non-resident (40%)
AED 174,400
Monthly over 25 years at 3.7%
AED 1,784

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