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Studio · 387 sqftMAG 565, Dubai South · 4th floor · completed 2020

407, MAG 565

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

Unit 407 · DLD and Ejari recordsUpdated 20 December 2025
Last soldAED 385K29 December 2019
Current rentAED 40K /yr20 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, MAG 565

What is 407 worth today?

Last sold for AED 385,000 in 2019

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20 Dec 2025RentedNew contract
AED 40,000/yr12 months · AED 103 per sqft
2 Dec 2024RentedNew contract
AED 38,000/yr12 months · AED 98 per sqft
1 Sep 2022RentedNew contract
AED 21,000/yr12 months · AED 54 per sqft
25 Aug 2021RentedNew contract
AED 17,000/yr12 months · AED 44 per sqft
2 Jul 2020RentedNew contract
AED 19,000/yr13 months · AED 49 per sqft
29 Dec 2019SoldOff-plan
AED 385,000AED 994 per sqft
9 Apr 2018Sold by developerOff-plan
AED 385,000AED 994 per sqft

Source: Dubai Land Department. Updated 20 December 2025.

Key facts

Type
Studio apartment
Size
387 sqft
Floor
4th of 6
Parking
G-73
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 385K · December 2019
Building
MAG 565

About 407, MAG 565

407 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. It last sold on 29 December 2019 for AED 385,000, or AED 994 per sqft, in line with the AED 997 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 20 December 2025, is AED 40,000 a year: a gross yield of 10.4% on the 2019 price, before the service charge of about AED 6,300 a year.

Sales and rents for 407 over time

Sales
Unit 407, 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, April 2018: AED 385,000 (AED 994 per sqft)Sold, December 2019: AED 385,000 (AED 994 per sqft)

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

Rents
Unit 407, 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, July 2020: AED 19,000 a yearNew contract, August 2021: AED 17,000 a yearNew contract, September 2022: AED 21,000 a yearNew contract, December 2024: AED 38,000 a yearNew contract, December 2025: AED 40,000 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 407 sits

All 66 studios →

407 last sold in December 2019 at AED 994 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 997). 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. 407's AED 40,000 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 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
4061-bedAED 436K · Apr 2018
408StudioAED 296K · May 2018
1–7 of 21

407, MAG 565 in numbers

  • Sold twice: first on 9 April 2018 for AED 385,000, last on 29 December 2019 for AED 385,000 (AED 994 per sqft).
  • Rented since July 2020 on 5 Ejari contracts. The rent fell from AED 19,000 to AED 17,000 in 2021 and recovered to AED 40,000 by December 2025.
  • At AED 40,000 a year the gross yield on the 2019 price is 10.4%, 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 20 December 2025.

Questions about 407, MAG 565

What did unit 407 last sell for?

AED 385,000 on 29 December 2019: AED 994 per sqft for 387 sqft. The unit has 2 registered sales; the first was AED 385,000 in April 2018.

What is the rent for unit 407?

AED 40,000 a year on the contract signed on 20 December 2025. The previous contract, from December 2024, was AED 38,000; the unit has been rented since July 2020.

How big is unit 407?

387 sqft (36.0 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 407 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 407, MAG 565

Starts from the last sale price (AED 385K, 29 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 385,000
Deposit, UAE resident (20%)
AED 77,000
Deposit, non-resident (40%)
AED 154,000
Monthly over 25 years at 3.7%
AED 1,575

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