Unit 115, MAG 565: what it sold for and what it is worth now

Unit 115 at MAG 565 is a studio of 410 sq ft. It last sold for AED 250,000 on 24 Jun 2024. At AED 1,207 per sq ft, from 4 sales in the building in the last 12 months (studio), it is worth about AED 495,000 today.

Value todayAED 495,000AED 483,000 to AED 507,000
Last saleAED 250,00024 Jun 2024 · Resale
Change since last sale+98.0%Building trend alone: AED 329,989
Rent (median asking, studio)AED 38,998Gross yield 7.9%
Bedroomsstudio
Size410 sq ft
Floor1 (from the unit number)
Position in the towerStack 15: units ending 15 share the same layout and view
BuildingMAG 565 by MAG Property Development, handed over 2019
Registered sales of this unit2

Every registered sale of unit 115

DatePriceSizeAED/sq ftType
24 Jun 2024AED 250,000410 sq ft610Resale
24 Dec 2020AED 377,850410 sq ft922Resale

Units ending 15 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21520 May 2025AED 465,000410 sq ft1,134Resale
61518 Dec 2024AED 300,000410 sq ft732Resale
41522 Jul 2024AED 405,000410 sq ft988Resale
2153 May 2023AED 265,000410 sq ft646Resale
51521 Dec 2020AED 358,950410 sq ft875Resale
2158 Jun 2020AED 200,000410 sq ft488Resale

Latest studio sales in MAG 565

UnitDatePriceSizeAED/sq ftType
30821 May 2026AED 425,000347 sq ft1,225Resale
20820 May 2026AED 440,000347 sq ft1,268Resale
51722 Nov 2025AED 500,000437 sq ft1,144Resale
60730 Sep 2025AED 462,500389 sq ft1,189Resale
61610 Jul 2025AED 460,000410 sq ft1,122Resale
11430 Jun 2025AED 430,000383 sq ft1,123Resale
51619 Jun 2025AED 460,000410 sq ft1,122Resale
21428 May 2025AED 425,000383 sq ft1,110Resale

How we worked out the value

We took the 4 sales in MAG 565 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,207). We multiplied it by the size of this unit (410 sq ft). The range uses the middle half of those sales (AED 1,178 to AED 1,236 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 329,989. Floor, view, condition and upgrades can move the price either way. Sales data to 12 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 115 at MAG 565 worth?

About AED 495,000 (range AED 483,000 to AED 507,000), based on AED 1,207 per sq ft from registered sales up to 12 Aug 2026.

When did unit 115 last sell?

24 Jun 2024, for AED 250,000 (resale). It has 2 registered sales.

What rent can unit 115 make?

A studio in MAG 565 rents for about AED 38,998 a year (median asking rent). That is a gross yield of 7.9% on the estimate.

Sales alert for MAG 565All sales in MAG 565

Unit 114 · Unit 116