Unit 605, MAG 565: what it sold for and what it is worth now

Unit 605 at MAG 565 is a 2 bed of 670 sq ft. It last sold for AED 530,000 on 20 Jun 2023. At AED 1,114 per sq ft, from 30 sales in the building in the last 24 months, it is worth about AED 746,000 today.

Value todayAED 746,000AED 704,000 to AED 765,000
Last saleAED 530,00020 Jun 2023 · Resale
Change since last sale+40.8%Building trend alone: AED 893,659
Rent (median asking, 2 bed)AED 70,000Gross yield 9.4%
Bedrooms2 bed
Size670 sq ft
Floor6 (from the unit number)
Position in the towerStack 05: units ending 05 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 605

DatePriceSizeAED/sq ftType
20 Jun 2023AED 530,000670 sq ft791Resale
10 Mar 2021AED 360,000670 sq ft537Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
4053 Jun 2024AED 640,000670 sq ft955Resale
1054 Apr 2023AED 479,300670 sq ft715Resale
4052 Jun 2020AED 497,000670 sq ft742Off-plan

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
2124 Apr 2023AED 650,054913 sq ft712Resale
1054 Apr 2023AED 479,300670 sq ft715Resale
31214 Oct 2022AED 750,000913 sq ft821Resale
41228 Sep 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 (670 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 893,659. 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 605 at MAG 565 worth?

About AED 746,000 (range AED 704,000 to AED 765,000), based on AED 1,114 per sq ft from registered sales up to 12 Aug 2026.

When did unit 605 last sell?

20 Jun 2023, for AED 530,000 (resale). It has 2 registered sales.

What rent can unit 605 make?

A 2 bed in MAG 565 rents for about AED 70,000 a year (median asking rent). That is a gross yield of 9.4% on the estimate.

Sales alert for MAG 565All sales in MAG 565

Unit 603 · Unit 607