Unit 203, MAG 565: what it sold for and what it is worth now

Unit 203 at MAG 565 is a studio of 365 sq ft. It last sold for AED 323,000 on 1 Feb 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 441,000 today.

Value todayAED 441,000AED 430,000 to AED 451,000
Last saleAED 323,0001 Feb 2024 · Resale
Change since last sale+36.5%Building trend alone: AED 440,202
Rent (median asking, studio)AED 38,998Gross yield 8.8%
Bedroomsstudio
Size365 sq ft
Floor2 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingMAG 565 by MAG Property Development, handed over 2019
Registered sales of this unit3

Every registered sale of unit 203

DatePriceSizeAED/sq ftType
1 Feb 2024AED 323,000365 sq ft885Resale
18 Jul 2022AED 240,000365 sq ft658Resale
10 Feb 2020AED 321,675365 sq ft881Off-plan

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
5038 Nov 2023AED 330,000365 sq ft904Resale
6031 Sep 2022AED 270,000365 sq ft740Resale
6036 Jun 2022AED 260,500365 sq ft714Resale
30323 Apr 2020AED 371,571365 sq ft1,018Resale

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 (365 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 440,202. 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 203 at MAG 565 worth?

About AED 441,000 (range AED 430,000 to AED 451,000), based on AED 1,207 per sq ft from registered sales up to 12 Aug 2026.

When did unit 203 last sell?

1 Feb 2024, for AED 323,000 (resale). It has 3 registered sales.

What rent can unit 203 make?

A studio in MAG 565 rents for about AED 38,998 a year (median asking rent). That is a gross yield of 8.8% on the estimate.

Sales alert for MAG 565All sales in MAG 565

Unit 202 · Unit 204