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Studio · 410 sqftMAG 565, Dubai South · 5th floor · completed 2020

516, MAG 565

Sold prices and rental history: sold 3 times, last in October 2026, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 516 · DLD and Ejari recordsUpdated 21 October 2026
Last soldAED 479K21 October 2026
Current rentAED 45K /yr15 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 516, MAG 565

What is 516 worth today?

Last sold for AED 479,000 in 2026

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21 Oct 2026SoldReady
AED 479,000AED 1,167 per sqft
15 Mar 2026RentedNew contract
AED 45,000/yr12 months · AED 110 per sqft
19 Jun 2025SoldReady
AED 460,000AED 1,121 per sqft
13 May 2024RentedNew contract
AED 35,000/yr12 months · AED 86 per sqft
25 Apr 2023RentedNew contract
AED 26,000/yr12 months · AED 64 per sqft
20 Apr 2022RentedRenewal
AED 17,850/yr12 months · AED 44 per sqft
20 Apr 2021RentedNew contract
AED 17,000/yr12 months · AED 42 per sqft
7 Jan 2018Sold by developerOff-plan
AED 422,031AED 1,028 per sqft

Source: Dubai Land Department. Updated 21 October 2026.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
5th of 6
Parking
G-104
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 479K · October 2026
Building
MAG 565

About 516, MAG 565

516 is a studio of 410 sqft on the 5th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 21 October 2026 for AED 479,000, or AED 1,167 per sqft, in line with the AED 1,195 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 March 2026, is AED 45,000 a year: a gross yield of 9.4% on the 2026 price, before the service charge of about AED 6,700 a year.

Sales and rents for 516 over time

Sales
Unit 516, each saleTypical studio in MAG 565
300K400K500K2017202020232026Typical 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 422,031 (AED 1,028 per sqft)Sold, June 2025: AED 460,000 (AED 1,121 per sqft)Sold, October 2026: AED 479,000 (AED 1,167 per sqft)

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

Rents
Unit 516, each contractTypical studio in MAG 565
20K40K2020202220242026Typical 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, April 2021: AED 17,000 a yearRenewal, April 2022: AED 17,850 a yearNew contract, April 2023: AED 26,000 a yearNew contract, May 2024: AED 35,000 a yearNew contract, March 2026: AED 45,000 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 516 sits

All 66 studios →

516 last sold in October 2026 at AED 1,167 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 1,195). 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. 516's AED 45,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
21 May 2026425,000
20 May 2026440,000
22 Nov 2025500,000
30 Sep 2025462,500
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

516, MAG 565 in numbers

  • Sold 3 times: first on 7 January 2018 for AED 422,031, last on 21 October 2026 for AED 479,000 (AED 1,167 per sqft).
  • Rented since April 2021 on 5 Ejari contracts, from AED 17,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2026 price is 9.4%, before a service charge of about AED 6,700 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 21 October 2026.

Questions about 516, MAG 565

What did unit 516 last sell for?

AED 479,000 on 21 October 2026: AED 1,167 per sqft for 410 sqft. The unit has 3 registered sales; the first was AED 422,031 in January 2018.

What is the rent for unit 516?

AED 45,000 a year on the contract signed on 15 March 2026. The previous contract, from May 2024, was AED 35,000; the unit has been rented since April 2021.

How big is unit 516?

410 sqft (38.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2020.

What is unit 516 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 516, MAG 565

Starts from the last sale price (AED 479K, 21 October 2026). Switch to today's estimate once you have unlocked it.
Price
AED 479,000
Deposit, UAE resident (20%)
AED 95,800
Deposit, non-resident (40%)
AED 191,600
Monthly over 25 years at 3.7%
AED 1,960

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