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1-bed · 629 sqftMAG 565, Dubai South · 5th floor · completed 2020

501, MAG 565

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

Unit 501 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 502K3 March 2019
Current rentAED 24K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, MAG 565

What is 501 worth today?

Last sold for AED 502,327 in 2019

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1 Aug 2023RentedRenewal
AED 24,080/yr7 months · AED 39 per sqft
1 Aug 2022RentedRenewal
AED 24,000/yr12 months · AED 38 per sqft
1 Aug 2021RentedRenewal
AED 24,000/yr12 months · AED 38 per sqft
1 Aug 2020RentedNew contract
AED 27,000/yr12 months · AED 43 per sqft
3 Mar 2019Sold by developerOff-plan
AED 502,327AED 798 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
1-bed apartment
Size
629 sqft
Floor
5th of 6
Parking
G-89
Developer
MAG
Completed
2020
Service charge
AED 10,200 /yr
Last sold
AED 502K · March 2019
Building
MAG 565

About 501, MAG 565

501 is a one-bedroom apartment of 629 sqft on the 5th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. The developer sold it on 3 March 2019 for AED 502,327, or AED 798 per sqft, 10% below the AED 891 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 24,080 a year: a gross yield of 4.8% on the 2019 price, before the service charge of about AED 10,200 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, March 2019: AED 502,327 (AED 798 per sqft)

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

Rents
Unit 501, 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, August 2020: AED 27,000 a yearRenewal, August 2021: AED 24,000 a yearRenewal, August 2022: AED 24,000 a yearRenewal, August 2023: AED 24,080 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 501 sits

All 48 1-beds →

501 last sold in March 2019 at AED 798 per sqft, 10% below what one-beds in MAG 565 were fetching at the time (AED 891). 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. 501's AED 24,080 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 5th floor

All 132 units in MAG 565
Value
502StudioAED 250K · Jul 2020
503StudioAED 330K · Nov 2023
5041-bedAED 437K · Nov 2019
5052-bedAED 562K · Jul 2018
5061-bedAED 425K · May 2018
507StudioAED 446K · Mar 2025
508StudioAED 320K · May 2018
1–7 of 21

501, MAG 565 in numbers

  • Sold once: by MAG on 3 March 2019 for AED 502,327, or AED 798 per sqft.
  • Rented since August 2020 on 4 Ejari contracts, from AED 27,000 to AED 24,080 a year.
  • At AED 24,080 a year the gross yield on the 2019 price is 4.8%, before a service charge of about AED 10,200 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 1 August 2023.

Questions about 501, MAG 565

What did unit 501 last sell for?

AED 502,327 on 3 March 2019, sold by the developer: AED 798 per sqft for 629 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 24,080 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 24,000; the unit has been rented since August 2020.

How big is unit 501?

629 sqft (58.4 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 501 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 501, MAG 565

Starts from the last sale price (AED 502K, 3 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 502,327
Deposit, UAE resident (20%)
AED 100,465
Deposit, non-resident (40%)
AED 200,931
Monthly over 25 years at 3.7%
AED 2,055

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