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2-bed · 670 sqftMAG 565, Dubai South · 5th floor · completed 2020

505, MAG 565

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 22 February 2025
Last soldAED 562K23 July 2018
Current rentAED 41K /yr22 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, MAG 565

What is 505 worth today?

Last sold for AED 562,284 in 2018

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22 Feb 2025RentedRenewal
AED 40,878/yr24 months · AED 61 per sqft
22 Feb 2024RentedNew contract
AED 40,000/yr12 months · AED 60 per sqft
20 Jan 2022RentedNew contract
AED 32,000/yr12 months · AED 48 per sqft
5 Dec 2020RentedNew contract
AED 28,200/yr12 months · AED 42 per sqft
23 Jul 2018Sold by developerOff-plan
AED 562,284AED 839 per sqft

Source: Dubai Land Department. Updated 22 February 2025.

Key facts

Type
2-bed apartment
Size
670 sqft
Floor
5th of 6
Parking
G-93
Developer
MAG
Completed
2020
Service charge
AED 10,900 /yr
Last sold
AED 562K · July 2018
Building
MAG 565

About 505, MAG 565

505 is a two-bedroom apartment of 670 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 23 July 2018 for AED 562,284, or AED 839 per sqft.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 22 February 2025, is AED 40,878 a year: a gross yield of 7.3% on the 2018 price, before the service charge of about AED 10,900 a year.

Sales and rents for 505 over time

Sales
Unit 505, each saleTypical two-bed in MAG 565
600K2018202020222024Typical sale price by year: 2018 AED 688,548; 2019 AED 497,000; 2020 AED 497,000; 2022 AED 750,000; 2023 AED 530,000Sold by developer, July 2018: AED 562,284 (AED 839 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in MAG 565
40K2020202220242026Typical rent by year: 2020 AED 35,000; 2021 AED 30,000; 2022 AED 32,000; 2023 AED 42,000; 2024 AED 44,160; 2025 AED 49,500; 2026 AED 50,750New contract, December 2020: AED 28,200 a yearNew contract, January 2022: AED 32,000 a yearNew contract, February 2024: AED 40,000 a yearRenewal, February 2025: AED 40,878 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in MAG 565, and where 505 sits

All 18 2-beds →

Over the last 12 months two-beds sold for AED 725,000, around AED 1,084 per sqft, and rent for AED 45,000 to 60,000 a year. 505's AED 40,878 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Aug 2026725,000
4 Apr 2025720,000
3 Jun 2024640,000
20 Jun 2023530,000
1 2-bed sale 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
502StudioAED 250K · Jul 2020
503StudioAED 330K · Nov 2023
5041-bedAED 437K · Nov 2019
5061-bedAED 425K · May 2018
507StudioAED 446K · Mar 2025
508StudioAED 320K · May 2018
1–7 of 21

505, MAG 565 in numbers

  • Sold once: by MAG on 23 July 2018 for AED 562,284, or AED 839 per sqft.
  • Rented since December 2020 on 4 Ejari contracts, from AED 28,200 to AED 40,878 a year.
  • At AED 40,878 a year the gross yield on the 2018 price is 7.3%, before a service charge of about AED 10,900 a year (AED 16.26 per sqft).
  • Two-beds in MAG 565 sold for AED 725,000–725,000 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 22 February 2025.

Questions about 505, MAG 565

What did unit 505 last sell for?

AED 562,284 on 23 July 2018, sold by the developer: AED 839 per sqft for 670 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 40,878 a year on the contract renewed on 22 February 2025. The previous contract, from February 2024, was AED 40,000; the unit has been rented since December 2020.

How big is unit 505?

670 sqft (62.2 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in MAG 565 sold for AED 725,000 to 725,000 in the last 12 months, around AED 1,084 per sqft.

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Mortgage on 505, MAG 565

Starts from the last sale price (AED 562K, 23 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 562,284
Deposit, UAE resident (20%)
AED 112,457
Deposit, non-resident (40%)
AED 224,914
Monthly over 25 years at 3.7%
AED 2,300

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