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Studio · 389 sqftMAG 565, Dubai South · 5th floor · completed 2020

502, MAG 565

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

Unit 502 · DLD and Ejari recordsUpdated 1 September 2026
Last soldAED 250K23 July 2020
Current rentAED 33K /yr1 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, MAG 565

What is 502 worth today?

Last sold for AED 250,000 in 2020

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1 Sep 2026RentedRenewal
AED 33,000/yr12 months · AED 85 per sqft
1 Sep 2025RentedRenewal
AED 33,000/yr12 months · AED 85 per sqft
1 Sep 2024RentedRenewal
AED 31,500/yr12 months · AED 81 per sqft
1 Sep 2023RentedNew contract
AED 30,000/yr12 months · AED 77 per sqft
25 Aug 2022RentedNew contract
AED 23,000/yr12 months · AED 59 per sqft
25 Aug 2021RentedRenewal
AED 20,000/yr12 months · AED 52 per sqft
25 Aug 2020RentedNew contract
AED 20,000/yr12 months · AED 52 per sqft
23 Jul 2020SoldReady
AED 250,000AED 642 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
5th of 6
Parking
G-90
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 250K · July 2020
Building
MAG 565

About 502, MAG 565

502 is a studio of 389 sqft on the 5th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 July 2020 for AED 250,000, or AED 642 per sqft, 30% below the AED 923 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 1 September 2026, is AED 33,000 a year: a gross yield of 13.2% on the 2020 price, before the service charge of about AED 6,300 a year.

Sales and rents for 502 over time

Sales
Unit 502, 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, June 2018: AED 359,899 (AED 924 per sqft)Sold, July 2020: AED 250,000 (AED 642 per sqft)

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

Rents
Unit 502, 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, August 2020: AED 20,000 a yearRenewal, August 2021: AED 20,000 a yearNew contract, August 2022: AED 23,000 a yearNew contract, September 2023: AED 30,000 a yearRenewal, September 2024: AED 31,500 a yearRenewal, September 2025: AED 33,000 a yearRenewal, September 2026: AED 33,000 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 502 sits

All 66 studios →

502 last sold in July 2020 at AED 642 per sqft, 30% below what studios in MAG 565 were fetching at the time (AED 923). 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. 502's AED 33,000 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 5th floor

All 132 units in MAG 565
Value
5011-bedAED 502K · Mar 2019
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

502, MAG 565 in numbers

  • Sold twice: first on 25 June 2018 for AED 359,899, last on 23 July 2020 for AED 250,000 (AED 642 per sqft).
  • Rented since August 2020 on 7 Ejari contracts, from AED 20,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2020 price is 13.2%, 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 1 September 2026.

Questions about 502, MAG 565

What did unit 502 last sell for?

AED 250,000 on 23 July 2020: AED 642 per sqft for 389 sqft. The unit has 2 registered sales; the first was AED 359,899 in June 2018.

What is the rent for unit 502?

AED 33,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2025, was AED 33,000; the unit has been rented since August 2020.

How big is unit 502?

389 sqft (36.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 502 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 502, MAG 565

Starts from the last sale price (AED 250K, 23 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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