Unit 204, MAG 565: what it sold for and what it is worth now

Unit 204 at MAG 565 is a 1 bed of 481 sq ft. It last sold for AED 500,000 on 22 Aug 2024. At AED 1,117 per sq ft, from 9 sales in the building in the last 24 months (1 bed), it is worth about AED 537,000 today.

Value todayAED 537,000AED 505,000 to AED 543,000
Last saleAED 500,00022 Aug 2024 · Resale
Change since last sale+7.4%Building trend alone: AED 637,576
Rent (median asking, 1 bed)AED 47,900Gross yield 8.9%
Bedrooms1 bed
Size481 sq ft
Floor2 (from the unit number)
Position in the towerStack 04: units ending 04 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 204

DatePriceSizeAED/sq ftType
22 Aug 2024AED 500,000481 sq ft1,040Resale
29 Sep 2021AED 200,000481 sq ft416Resale

Units ending 04 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30412 Nov 2025AED 625,000481 sq ft1,299Resale

Latest 1 bed sales in MAG 565

UnitDatePriceSizeAED/sq ftType
1199 Jan 2026AED 620,000514 sq ft1,206Resale
30412 Nov 2025AED 625,000481 sq ft1,299Resale
52031 Jul 2025AED 580,000514 sq ft1,128Resale
41331 Jul 2025AED 695,000622 sq ft1,117Resale
4092 Jun 2025AED 505,000481 sq ft1,050Resale
62028 May 2025AED 580,000514 sq ft1,128Resale
5198 May 2025AED 550,000514 sq ft1,070Resale
42017 Feb 2025AED 450,000514 sq ft875Resale

How we worked out the value

We took the 9 sales in MAG 565 in the last 24 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,117). We multiplied it by the size of this unit (481 sq ft). The range uses the middle half of those sales (AED 1,050 to AED 1,128 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 637,576. 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 204 at MAG 565 worth?

About AED 537,000 (range AED 505,000 to AED 543,000), based on AED 1,117 per sq ft from registered sales up to 12 Aug 2026.

When did unit 204 last sell?

22 Aug 2024, for AED 500,000 (resale). It has 2 registered sales.

What rent can unit 204 make?

A 1 bed in MAG 565 rents for about AED 47,900 a year (median asking rent). That is a gross yield of 8.9% on the estimate.

Sales alert for MAG 565All sales in MAG 565

Unit 203 · Unit 207