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Studio · 365 sqftMAG 565, Dubai South · 6th floor · completed 2020

603, MAG 565

Sold prices and rental history: sold 3 times, last in September 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 10 March 2026
Last soldAED 270K1 September 2022
Current rentAED 40K /yr10 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 603, MAG 565

What is 603 worth today?

Last sold for AED 270,000 in 2022

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10 Mar 2026RentedNew contract
AED 40,000/yr12 months · AED 110 per sqft
1 Sep 2024RentedNew contract
AED 40,800/yr12 months · AED 112 per sqft
1 Sep 2022SoldReady
AED 270,000AED 739 per sqft
6 Jun 2022SoldReady
AED 260,500AED 713 per sqft
29 Jul 2018Sold by developerOff-plan
AED 321,675AED 881 per sqft

Source: Dubai Land Department. Updated 10 March 2026.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
6th of 6
Parking
G-113
Developer
MAG
Completed
2020
Service charge
AED 5,900 /yr
Last sold
AED 270K · September 2022
Building
MAG 565

About 603, MAG 565

603 is a studio of 365 sqft on the 6th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 1 September 2022 for AED 270,000, or AED 739 per sqft, in line with the AED 726 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 10 March 2026, is AED 40,000 a year: a gross yield of 14.8% on the 2022 price, before the service charge of about AED 5,900 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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, July 2018: AED 321,675 (AED 881 per sqft)Sold, June 2022: AED 260,500 (AED 713 per sqft)Sold, September 2022: AED 270,000 (AED 739 per sqft)

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

Rents
Unit 603, 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, September 2024: AED 40,800 a yearNew contract, March 2026: AED 40,000 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 603 sits

All 66 studios →

603 last sold in September 2022 at AED 739 per sqft, in line with what studios in MAG 565 were fetching at the time (AED 726). 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. 603's AED 40,000 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 6th floor

All 132 units in MAG 565
Value
6011-bedAED 447K · Jul 2021
602StudioAED 250K · Sep 2020
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

603, MAG 565 in numbers

  • Sold 3 times: first on 29 July 2018 for AED 321,675, last on 1 September 2022 for AED 270,000 (AED 739 per sqft).
  • Rented since September 2024 on 2 Ejari contracts, from AED 40,800 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2022 price is 14.8%, before a service charge of about AED 5,900 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 10 March 2026.

Questions about 603, MAG 565

What did unit 603 last sell for?

AED 270,000 on 1 September 2022: AED 739 per sqft for 365 sqft. The unit has 3 registered sales; the first was AED 321,675 in July 2018.

What is the rent for unit 603?

AED 40,000 a year on the contract signed on 10 March 2026. The previous contract, from September 2024, was AED 40,800.

How big is unit 603?

365 sqft (33.9 sqm): a studio on the 6th floor of a 6-storey tower completed in 2020.

What is unit 603 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 603, MAG 565

Starts from the last sale price (AED 270K, 1 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 270,000
Deposit, UAE resident (20%)
AED 54,000
Deposit, non-resident (40%)
AED 108,000
Monthly over 25 years at 3.7%
AED 1,105

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