Home
Dubai prices
About
Research
Studio · 347 sqftMAG 565, Dubai South · 4th floor · completed 2020

408, MAG 565

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

Unit 408 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 296K23 May 2018
Current rentAED 38K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 408

Property timeline for 408, MAG 565

What is 408 worth today?

Last sold for AED 295,613 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Nov 2025RentedRenewal
AED 38,000/yr12 months · AED 110 per sqft
1 Nov 2024RentedNew contract
AED 38,000/yr12 months · AED 110 per sqft
17 Sep 2022RentedNew contract
AED 21,000/yr12 months · AED 60 per sqft
1 May 2022RentedRenewal
AED 17,850/yr12 months · AED 52 per sqft
1 May 2021RentedNew contract
AED 17,000/yr12 months · AED 49 per sqft
23 May 2018Sold by developerOff-plan
AED 295,613AED 851 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
Studio apartment
Size
347 sqft
Floor
4th of 6
Parking
G-74
Developer
MAG
Completed
2020
Service charge
AED 5,600 /yr
Last sold
AED 296K · May 2018
Building
MAG 565

About 408, MAG 565

408 is a studio of 347 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 23 May 2018 for AED 295,613, or AED 851 per sqft, 14% below the AED 989 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 38,000 a year: a gross yield of 12.8% on the 2018 price, before the service charge of about AED 5,600 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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, May 2018: AED 295,613 (AED 851 per sqft)

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

Rents
Unit 408, 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, May 2021: AED 17,000 a yearRenewal, May 2022: AED 17,850 a yearNew contract, September 2022: AED 21,000 a yearNew contract, November 2024: AED 38,000 a yearRenewal, November 2025: AED 38,000 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 408 sits

All 66 studios →

408 last sold in May 2018 at AED 851 per sqft, 14% below what studios in MAG 565 were fetching at the time (AED 989). 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. 408's AED 38,000 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
407StudioAED 385K · Dec 2019
1–7 of 21

408, MAG 565 in numbers

  • Sold once: by MAG on 23 May 2018 for AED 295,613, or AED 851 per sqft.
  • Rented since May 2021 on 5 Ejari contracts, from AED 17,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2018 price is 12.8%, before a service charge of about AED 5,600 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 2025.

Questions about 408, MAG 565

What did unit 408 last sell for?

AED 295,613 on 23 May 2018, sold by the developer: AED 851 per sqft for 347 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 38,000 a year on the contract renewed on 1 November 2025. The previous contract, from November 2024, was AED 38,000; the unit has been rented since May 2021.

How big is unit 408?

347 sqft (32.2 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 408 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.

Selling 408? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 408, MAG 565

Starts from the last sale price (AED 296K, 23 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 295,613
Deposit, UAE resident (20%)
AED 59,123
Deposit, non-resident (40%)
AED 118,245
Monthly over 25 years at 3.7%
AED 1,209

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