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Studio · 410 sqftMAG 565, Dubai South · 6th floor · completed 2020

615, MAG 565

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 615 · DLD and Ejari recordsUpdated 3 April 2025
Last soldAED 300K18 December 2024
Current rentAED 38K /yr3 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 615, MAG 565

What is 615 worth today?

Last sold for AED 300,000 in 2024

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3 Apr 2025RentedNew contract
AED 38,000/yr12 months · AED 93 per sqft
3 Apr 2025RentedNew contract
AED 38,000/yr12 months · AED 93 per sqft
18 Dec 2024SoldReady
AED 300,000AED 732 per sqft
1 Oct 2023RentedRenewal
AED 19,800/yr12 months · AED 48 per sqft
1 Oct 2022RentedRenewal
AED 18,000/yr12 months · AED 44 per sqft
1 Sep 2021RentedNew contract
AED 18,000/yr13 months · AED 44 per sqft
1 Oct 2020RentedNew contract
AED 18,000/yr13 months · AED 44 per sqft
29 Jul 2018Sold by developerOff-plan
AED 377,842AED 922 per sqft

Source: Dubai Land Department. Updated 3 April 2025.

Key facts

Type
Studio apartment
Size
410 sqft
Floor
6th of 6
Parking
G-125
Developer
MAG
Completed
2020
Service charge
AED 6,700 /yr
Last sold
AED 300K · December 2024
Building
MAG 565

About 615, MAG 565

615 is a studio of 410 sqft on the 6th floor of MAG 565, a 6-storey tower in Dubai South completed in 2020 by MAG. It last sold on 18 December 2024 for AED 300,000, or AED 732 per sqft, 20% below the AED 914 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 3 April 2025, is AED 38,000 a year: a gross yield of 12.7% on the 2024 price, before the service charge of about AED 6,700 a year.

Sales and rents for 615 over time

Sales
Unit 615, 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 377,842 (AED 922 per sqft)Sold, December 2024: AED 300,000 (AED 732 per sqft)

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

Rents
Unit 615, 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, October 2020: AED 18,000 a yearNew contract, September 2021: AED 18,000 a yearRenewal, October 2022: AED 18,000 a yearRenewal, October 2023: AED 19,800 a yearNew contract, April 2025: AED 38,000 a yearNew contract, April 2025: AED 38,000 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 615 sits

All 66 studios →

615 last sold in December 2024 at AED 732 per sqft, 20% below what studios in MAG 565 were fetching at the time (AED 914). 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. 615's AED 38,000 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
603StudioAED 270K · Sep 2022
6041-bedAED 437K · Nov 2019
6052-bedAED 530K · Jun 2023
6061-bedAED 425K · Feb 2018
607StudioAED 463K · Sep 2025
1–7 of 21

615, MAG 565 in numbers

  • Sold twice: first on 29 July 2018 for AED 377,842, last on 18 December 2024 for AED 300,000 (AED 732 per sqft).
  • Rented since October 2020 on 6 Ejari contracts, from AED 18,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2024 price is 12.7%, 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 3 April 2025.

Questions about 615, MAG 565

What did unit 615 last sell for?

AED 300,000 on 18 December 2024: AED 732 per sqft for 410 sqft. The unit has 2 registered sales; the first was AED 377,842 in July 2018.

What is the rent for unit 615?

AED 38,000 a year on the contract signed on 3 April 2025. The previous contract, from April 2025, was AED 38,000; the unit has been rented since October 2020.

How big is unit 615?

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

What is unit 615 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 615, MAG 565

Starts from the last sale price (AED 300K, 18 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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