Unit 516 at MAG 565 is a studio of 410 sq ft. It last sold for AED 460,000 on 19 Jun 2025. At AED 1,110 per sq ft, from 4 sales of units ending 16 (same position in the tower), it is worth about AED 455,000 today.
| Bedrooms | studio |
|---|---|
| Size | 410 sq ft |
| Floor | 5 (from the unit number) |
| Position in the tower | Stack 16: units ending 16 share the same layout and view |
| Building | MAG 565 by MAG Property Development, handed over 2019 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 19 Jun 2025 | AED 460,000 | 410 sq ft | 1,122 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 616 | 10 Jul 2025 | AED 460,000 | 410 sq ft | 1,122 | Resale |
| 416 | 8 May 2025 | AED 440,000 | 410 sq ft | 1,073 | Resale |
| 316 | 17 Apr 2025 | AED 450,000 | 410 sq ft | 1,098 | Resale |
| 116 | 4 Feb 2020 | AED 360,288 | 410 sq ft | 879 | Off-plan |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 308 | 21 May 2026 | AED 425,000 | 347 sq ft | 1,225 | Resale |
| 208 | 20 May 2026 | AED 440,000 | 347 sq ft | 1,268 | Resale |
| 517 | 22 Nov 2025 | AED 500,000 | 437 sq ft | 1,144 | Resale |
| 607 | 30 Sep 2025 | AED 462,500 | 389 sq ft | 1,189 | Resale |
| 616 | 10 Jul 2025 | AED 460,000 | 410 sq ft | 1,122 | Resale |
| 114 | 30 Jun 2025 | AED 430,000 | 383 sq ft | 1,123 | Resale |
| 214 | 28 May 2025 | AED 425,000 | 383 sq ft | 1,110 | Resale |
| 215 | 20 May 2025 | AED 465,000 | 410 sq ft | 1,134 | Resale |
We took the 4 resale sales of units ending 16 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,110). We multiplied it by the size of this unit (410 sq ft). The range uses the middle half of those sales (AED 1,091 to AED 1,122 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 495,566. Floor, view, condition and upgrades can move the price either way. Sales data to 12 Aug 2026, from the Dubai Land Department register.
About AED 455,000 (range AED 448,000 to AED 460,000), based on AED 1,110 per sq ft from registered sales up to 12 Aug 2026.
19 Jun 2025, for AED 460,000 (resale). It has 1 registered sale.
A studio in MAG 565 rents for about AED 38,998 a year (median asking rent). That is a gross yield of 8.6% on the estimate.