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Studio · 389 sqftMAG 565, Dubai South · 6th floor · completed 2020

602, MAG 565

Sold prices and rental history: sold twice, last in September 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 17 January 2026
Last soldAED 250K23 September 2020
Current rentAED 42K /yr17 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, MAG 565

What is 602 worth today?

Last sold for AED 250,000 in 2020

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17 Jan 2026RentedNew contract
AED 42,000/yr12 months · AED 108 per sqft
17 Jan 2026RentedNew contract
AED 42,000/yr12 months · AED 108 per sqft
17 Jan 2025RentedNew contract
AED 38,000/yr12 months · AED 98 per sqft
17 Jan 2025RentedNew contract
AED 38,000/yr12 months · AED 98 per sqft
13 Dec 2023RentedNew contract
AED 34,000/yr12 months · AED 88 per sqft
1 Dec 2022RentedRenewal
AED 22,000/yr12 months · AED 57 per sqft
1 Dec 2021RentedNew contract
AED 18,000/yr12 months · AED 46 per sqft
23 Sep 2020SoldReady
AED 250,000AED 642 per sqft

Source: Dubai Land Department. Updated 17 January 2026.

Key facts

Type
Studio apartment
Size
389 sqft
Floor
6th of 6
Parking
G-112
Developer
MAG
Completed
2020
Service charge
AED 6,300 /yr
Last sold
AED 250K · September 2020
Building
MAG 565

About 602, MAG 565

602 is a studio of 389 sqft on the 6th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 23 September 2020 for AED 250,000, or AED 642 per sqft, 24% below the AED 840 studios in the building were fetching at the time.

It has been rented continuously since 2021 on 7 Ejari contracts. The current contract, signed on 17 January 2026, is AED 42,000 a year: a gross yield of 16.8% on the 2020 price, before the service charge of about AED 6,300 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, September 2020: AED 250,000 (AED 642 per sqft)

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

Rents
Unit 602, 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, December 2021: AED 18,000 a yearRenewal, December 2022: AED 22,000 a yearNew contract, December 2023: AED 34,000 a yearNew contract, January 2025: AED 38,000 a yearNew contract, January 2025: AED 38,000 a yearNew contract, January 2026: AED 42,000 a yearNew contract, January 2026: AED 42,000 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 602 sits

All 66 studios →

602 last sold in September 2020 at AED 642 per sqft, 24% below what studios in MAG 565 were fetching at the time (AED 840). 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. 602's AED 42,000 is in the upper 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 6th floor

All 132 units in MAG 565
Value
6011-bedAED 447K · Jul 2021
603StudioAED 270K · Sep 2022
6041-bedAED 437K · Nov 2019
6052-bedAED 530K · Jun 2023
6061-bedAED 425K · Feb 2018
607StudioAED 463K · Sep 2025
608StudioAED 298K · Sep 2021
1–7 of 21

602, MAG 565 in numbers

  • Sold twice: first on 25 June 2018 for AED 359,899, last on 23 September 2020 for AED 250,000 (AED 642 per sqft).
  • Rented since December 2021 on 7 Ejari contracts, from AED 18,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2020 price is 16.8%, 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 17 January 2026.

Questions about 602, MAG 565

What did unit 602 last sell for?

AED 250,000 on 23 September 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 602?

AED 42,000 a year on the contract signed on 17 January 2026. The previous contract, from January 2026, was AED 42,000; the unit has been rented since December 2021.

How big is unit 602?

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

What is unit 602 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 602, MAG 565

Starts from the last sale price (AED 250K, 23 September 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 →