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Studio · 383 sqftMAG 565, Dubai South · 5th floor · completed 2020

514, MAG 565

Sold prices and rental history: sold 3 times, last in August 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 514 · DLD and Ejari recordsUpdated 1 September 2026
Last soldAED 350K19 August 2024
Current rentAED 36K /yr1 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 514, MAG 565

What is 514 worth today?

Last sold for AED 350,000 in 2024

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1 Sep 2026RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
2 Aug 2025RentedNew contract
AED 40,000/yr12 months · AED 103 per sqft
1 Sep 2024RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
19 Aug 2024SoldReady
AED 350,000AED 914 per sqft
14 Jul 2022SoldReady
AED 272,000AED 711 per sqft
7 Jan 2018Sold by developerOff-plan
AED 337,400AED 881 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type
Studio apartment
Size
383 sqft
Floor
5th of 6
Parking
G-102
Developer
MAG
Completed
2020
Service charge
AED 6,200 /yr
Last sold
AED 350K · August 2024
Building
MAG 565

About 514, MAG 565

514 is a studio of 383 sqft on the 5th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 19 August 2024 for AED 350,000, or AED 914 per sqft, in line with the AED 909 studios in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 1 September 2026, is AED 36,000 a year: a gross yield of 10.3% on the 2024 price, before the service charge of about AED 6,200 a year.

Sales and rents for 514 over time

Sales
Unit 514, 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, January 2018: AED 337,400 (AED 881 per sqft)Sold, July 2022: AED 272,000 (AED 711 per sqft)Sold, August 2024: AED 350,000 (AED 914 per sqft)

514 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 514, 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, September 2024: AED 36,000 a yearNew contract, August 2025: AED 40,000 a yearNew contract, September 2026: AED 36,000 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 514 sits

All 66 studios →

514 last sold in August 2024 at AED 914 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 909). 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. 514's AED 36,000 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
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

514, MAG 565 in numbers

  • Sold 3 times: first on 7 January 2018 for AED 337,400, last on 19 August 2024 for AED 350,000 (AED 914 per sqft).
  • Rented since September 2024 on 3 Ejari contracts, at AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2024 price is 10.3%, before a service charge of about AED 6,200 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 514, MAG 565

What did unit 514 last sell for?

AED 350,000 on 19 August 2024: AED 914 per sqft for 383 sqft. The unit has 3 registered sales; the first was AED 337,400 in January 2018.

What is the rent for unit 514?

AED 36,000 a year on the contract signed on 1 September 2026. The previous contract, from August 2025, was AED 40,000; the unit has been rented since September 2024.

How big is unit 514?

383 sqft (35.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 514 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 514, MAG 565

Starts from the last sale price (AED 350K, 19 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 350,000
Deposit, UAE resident (20%)
AED 70,000
Deposit, non-resident (40%)
AED 140,000
Monthly over 25 years at 3.7%
AED 1,432

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