Unit 608, MAG 565: what it sold for and what it is worth now

Unit 608 at MAG 565 is a studio of 349 sq ft. It last sold for AED 297,800 on 12 Sep 2021. At AED 1,207 per sq ft, from 4 sales in the building in the last 12 months (studio), it is worth about AED 421,000 today.

Value todayAED 421,000AED 411,000 to AED 431,000
Last saleAED 297,80012 Sep 2021 · Off-plan
Change since last sale+41.4%Building trend alone: AED 505,992
Rent (median asking, studio)AED 38,998Gross yield 9.3%
Bedroomsstudio
Size349 sq ft
Floor6 (from the unit number)
Position in the towerStack 08: units ending 08 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 608

DatePriceSizeAED/sq ftType
12 Sep 2021AED 297,800349 sq ft853Off-plan

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30821 May 2026AED 425,000347 sq ft1,225Resale
20820 May 2026AED 440,000347 sq ft1,268Resale
20829 May 2023AED 300,000347 sq ft865Resale

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 (349 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 505,992. 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 608 at MAG 565 worth?

About AED 421,000 (range AED 411,000 to AED 431,000), based on AED 1,207 per sq ft from registered sales up to 12 Aug 2026.

When did unit 608 last sell?

12 Sep 2021, for AED 297,800 (off-plan). It has 1 registered sale.

What rent can unit 608 make?

A studio in MAG 565 rents for about AED 38,998 a year (median asking rent). That is a gross yield of 9.3% on the estimate.

Sales alert for MAG 565All sales in MAG 565

Unit 607 · Unit 609