Unit 412, MAG 565: what it sold for and what it is worth now

Unit 412 at MAG 565 is a 2 bed of 913 sq ft. It last sold for AED 750,000 on 28 Sep 2022. At AED 1,114 per sq ft, from 30 sales in the building in the last 24 months, it is worth about AED 1,017,000 today.

Value todayAED 1,017,000AED 959,000 to AED 1,042,000
Last saleAED 750,00028 Sep 2022 · Resale
Change since last sale+35.6%Building trend alone: AED 1,266,208
Rent (median asking, 2 bed)AED 70,000Gross yield 6.9%
Bedrooms2 bed
Size913 sq ft
Floor4 (from the unit number)
Position in the towerStack 12: units ending 12 share the same layout and view
BuildingMAG 565 by MAG Property Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 412

DatePriceSizeAED/sq ftType
28 Sep 2022AED 750,000913 sq ft821Resale

Units ending 12 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
2124 Apr 2023AED 650,054913 sq ft712Resale
31214 Oct 2022AED 750,000913 sq ft821Resale

Latest 2 bed sales in MAG 565

UnitDatePriceSizeAED/sq ftType
31012 Aug 2026AED 725,000668 sq ft1,085Resale
4104 Apr 2025AED 720,000668 sq ft1,078Resale
4053 Jun 2024AED 640,000670 sq ft955Resale
60520 Jun 2023AED 530,000670 sq ft791Resale
2124 Apr 2023AED 650,054913 sq ft712Resale
1054 Apr 2023AED 479,300670 sq ft715Resale
31214 Oct 2022AED 750,000913 sq ft821Resale
61022 Jul 2022AED 480,000668 sq ft719Resale

How we worked out the value

We took the 30 sales in MAG 565 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,114). We multiplied it by the size of this unit (913 sq ft). The range uses the middle half of those sales (AED 1,051 to AED 1,142 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,266,208. 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 412 at MAG 565 worth?

About AED 1,017,000 (range AED 959,000 to AED 1,042,000), based on AED 1,114 per sq ft from registered sales up to 12 Aug 2026.

When did unit 412 last sell?

28 Sep 2022, for AED 750,000 (resale). It has 1 registered sale.

What rent can unit 412 make?

A 2 bed in MAG 565 rents for about AED 70,000 a year (median asking rent). That is a gross yield of 6.9% on the estimate.

Sales alert for MAG 565All sales in MAG 565

Unit 411 · Unit 413