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1-bed · 483 sqftMAG 565, Dubai South · 5th floor · completed 2020

511, MAG 565

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 1 September 2023
Last soldAED 425K13 February 2018
Current rentAED 34K /yr1 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 511, MAG 565

What is 511 worth today?

Last sold for AED 425,000 in 2018

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1 Sep 2023RentedNew contract
AED 34,000/yr12 months · AED 70 per sqft
1 Oct 2022RentedNew contract
AED 30,000/yr12 months · AED 62 per sqft
13 Feb 2018Sold by developerOff-plan
AED 425,000AED 879 per sqft

Source: Dubai Land Department. Updated 1 September 2023.

Key facts

Type
1-bed apartment
Size
483 sqft
Floor
5th of 6
Parking
G-45
Developer
MAG
Completed
2020
Service charge
AED 7,900 /yr
Last sold
AED 425K · February 2018
Building
MAG 565

About 511, MAG 565

511 is a one-bedroom apartment of 483 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 13 February 2018 for AED 425,000, or AED 879 per sqft, in line with the AED 902 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 September 2023, is AED 34,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 7,900 a year.

Sales and rents for 511 over time

Sales
Unit 511, 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, February 2018: AED 425,000 (AED 879 per sqft)

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

Rents
Unit 511, 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, October 2022: AED 30,000 a yearNew contract, September 2023: AED 34,000 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 511 sits

All 48 1-beds →

511 last sold in February 2018 at AED 879 per sqft, in line with what one-beds in MAG 565 were fetching at the time (AED 902). 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. 511's AED 34,000 is in the lower half 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
5011-bedAED 502K · Mar 2019
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
1–7 of 21

511, MAG 565 in numbers

  • Sold once: by MAG on 13 February 2018 for AED 425,000, or AED 879 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, from AED 30,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2018 price is 8.0%, before a service charge of about AED 7,900 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 September 2023.

Questions about 511, MAG 565

What did unit 511 last sell for?

AED 425,000 on 13 February 2018, sold by the developer: AED 879 per sqft for 483 sqft. It is the only registered sale of the unit.

What is the rent for unit 511?

AED 34,000 a year on the contract signed on 1 September 2023. The previous contract, from October 2022, was AED 30,000.

How big is unit 511?

483 sqft (44.9 sqm): a one-bedroom apartment on the 5th floor of a 6-storey tower completed in 2020.

What is unit 511 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 511, MAG 565

Starts from the last sale price (AED 425K, 13 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

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