Studio · 410 sqftMAG 565, Dubai South · 4th floor · completed 2020

415, MAG 565

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 415 · DLD and Ejari recordsUpdated 2 March 2026
Last soldAED 405K22 July 2024
Current rentAED 32K /yr2 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 415, MAG 565

What is 415 worth today?

Last sold for AED 405,000 in 2024

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2 Mar 2026RentedRenewal
AED 32,000/yr12 months · AED 78 per sqft
2 Mar 2025RentedRenewal
AED 32,000/yr12 months · AED 78 per sqft
22 Jul 2024SoldReady
AED 405,000AED 988 per sqft
2 Mar 2024RentedNew contract
AED 28,800/yr12 months · AED 70 per sqft
2 Mar 2023RentedRenewal
AED 25,200/yr12 months · AED 62 per sqft
2 Mar 2022RentedRenewal
AED 22,800/yr12 months · AED 56 per sqft
2 Mar 2021RentedNew contract
AED 21,600/yr12 months · AED 53 per sqft
1 Oct 2020RentedNew contract
AED 18,000/yr12 months · AED 44 per sqft

Source: Dubai Land Department. Updated 2 March 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
4th of 6
Parking
G-81
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 405K · July 2024
Building
MAG 565

About 415, MAG 565

415 is a studio of 410 sqft on the 4th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 22 July 2024 for AED 405,000, or AED 988 per sqft, 9% above the AED 904 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 2 March 2026, is AED 32,000 a year: a gross yield of 7.9% on the 2024 price, before the service charge of about AED 6,700 a year.

Sales and rents for 415 over time

Sales
Unit 415, 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, September 2018: AED 377,842 (AED 922 per sqft)Sold, July 2024: AED 405,000 (AED 988 per sqft)

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

Rents
Unit 415, 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 2020: AED 18,000 a yearNew contract, March 2021: AED 21,600 a yearRenewal, March 2022: AED 22,800 a yearRenewal, March 2023: AED 25,200 a yearNew contract, March 2024: AED 28,800 a yearRenewal, March 2025: AED 32,000 a yearRenewal, March 2026: AED 32,000 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 415 sits

All 66 studios →

415 last sold in July 2024 at AED 988 per sqft, 9% above what studios in MAG 565 were fetching at the time (AED 904). 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. 415's AED 32,000 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

415, MAG 565 in numbers

  • Sold twice: first on 9 September 2018 for AED 377,842, last on 22 July 2024 for AED 405,000 (AED 988 per sqft).
  • Rented since October 2020 on 7 Ejari contracts, from AED 18,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2024 price is 7.9%, before a service charge of about AED 6,700 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 2 March 2026.

Questions about 415, MAG 565

What did unit 415 last sell for?

AED 405,000 on 22 July 2024: AED 988 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 377,842 in September 2018.

What is the rent for unit 415?

AED 32,000 a year on the contract renewed on 2 March 2026. The previous contract, from March 2025, was AED 32,000; the unit has been rented since October 2020.

How big is unit 415?

410 sqft (38.1 sqm): a studio on the 4th floor of a 6-storey tower completed in 2020.

What is unit 415 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 415, MAG 565

Starts from the last sale price (AED 405K, 22 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 405,000
Deposit, UAE resident (20%)
AED 81,000
Deposit, non-resident (40%)
AED 162,000
Monthly over 25 years at 3.7%
AED 1,657

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