Unit 316, MAG 560: what it sold for and what it is worth now

Unit 316 at MAG 560 is a studio of 410 sq ft. It last sold for AED 270,000 on 2 Aug 2021. At AED 1,122 per sq ft, from 6 sales in the building in the last 12 months (studio), it is worth about AED 460,000 today.

Value todayAED 460,000AED 442,000 to AED 482,000
Last saleAED 270,0002 Aug 2021 · Resale
Change since last sale+70.4%Building trend alone: AED 459,483
Rent (median asking, studio)AED 39,000Gross yield 8.5%
Bedroomsstudio
Size410 sq ft
Floor3 (from the unit number)
Position in the towerStack 16: units ending 16 share the same layout and view
BuildingMAG 560 by MAG Property Development, handed over 2016
Registered sales of this unit1

Every registered sale of unit 316

DatePriceSizeAED/sq ftType
2 Aug 2021AED 270,000410 sq ft659Resale

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
2164 Dec 2025AED 495,000410 sq ft1,207Resale
51611 Aug 2025AED 460,000410 sq ft1,122Resale

Latest studio sales in MAG 560

UnitDatePriceSizeAED/sq ftType
41510 Jun 2026AED 430,000410 sq ft1,049Resale
2164 Dec 2025AED 495,000410 sq ft1,207Resale
51715 Sep 2025AED 465,000437 sq ft1,064Resale
51611 Aug 2025AED 460,000410 sq ft1,122Resale
12111 Aug 2025AED 430,000360 sq ft1,194Resale
51517 Jun 2025AED 460,000410 sq ft1,122Resale
6176 Feb 2025AED 420,000437 sq ft961Resale
32223 Jan 2025AED 450,000360 sq ft1,250Resale

How we worked out the value

We took the 6 sales in MAG 560 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,122). We multiplied it by the size of this unit (410 sq ft). The range uses the middle half of those sales (AED 1,079 to AED 1,176 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 459,483. Floor, view, condition and upgrades can move the price either way. Sales data to 10 Jun 2026, from the Dubai Land Department register.

Questions

What is unit 316 at MAG 560 worth?

About AED 460,000 (range AED 442,000 to AED 482,000), based on AED 1,122 per sq ft from registered sales up to 10 Jun 2026.

When did unit 316 last sell?

2 Aug 2021, for AED 270,000 (resale). It has 1 registered sale.

What rent can unit 316 make?

A studio in MAG 560 rents for about AED 39,000 a year (median asking rent). That is a gross yield of 8.5% on the estimate.

Sales alert for MAG 560All sales in MAG 560

Unit 314 · Unit 317