206, May Residence Tower 1
Sold prices and rental history: sold once, by the developer in July 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 206, May Residence Tower 1
What is 206 worth today?
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Source: Dubai Land Department. Updated 1 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 927 sqft
- Floor
- 2nd of 5
- Parking
- G-98
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 14,200 /yr
- Last sold
- AED 750K · July 2024
- Building
- May Residence Tower 1
About 206, May Residence Tower 1
206 is a one-bedroom apartment of 927 sqft on the 2nd floor of May Residence Tower 1, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2019 by May Real Estate Development. The developer sold it on 2 July 2024 for AED 750,000, or AED 808 per sqft, 15% above the AED 700 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 1 October 2025, is AED 55,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 14,200 a year.
Sales and rents for 206 over time
206 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in May Residence Tower 1, and where 206 sits
All 46 1-beds →206 last sold in July 2024 at AED 808 per sqft, 15% above what one-beds in May Residence Tower 1 were fetching at the time (AED 700). Over the last 12 months one-beds sold for AED 650,000 to 810,775, around AED 857 per sqft, and rent for AED 24,000 to 90,000 a year. 206's AED 55,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jul 202610 July 2026 | 758 sqft | 650,000 | 857 | ||
| 20 Feb 202620 February 2026 | 928 sqft | 700,000 | 754 | ||
| 12 Feb 202612 February 2026 | 927 sqft | 810,775 | 874 | ||
| 27 Jan 202627 January 2026 | 758 sqft | 665,000 | 876 |
May Residence Tower 1
Building62 apartments, studios to 2-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2019 by May Real Estate Development. 6 sold in the last 12 months.
- Typical price per sqft
- AED 866
- Typical sale
- AED 668K
- Typical rent
- AED 56K /yr
- Typical yield
- 8.3%
Other units on the 2nd floor
All 62 units in May Residence Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 903 sqft | AED 680KAED 680,000 · Jun 2024June 2024 | 24,000 /yr | |
| 202 | 1-bed | 922 sqft | AED 645KAED 645,200 · Dec 2023December 2023 | 55,000 /yr | |
| 203 | 1-bed | 899 sqft | AED 730KAED 730,000 · Sep 2024September 2024 | 42,000 /yr | |
| 204 | 1-bed | 928 sqft | AED 750KAED 750,000 · Mar 2024March 2024 | 74,000 /yr | |
| 205 | 1-bed | 758 sqft | AED 665KAED 665,000 · Jan 2026January 2026 | 57,000 /yr | |
| 207 | 1-bed | 770 sqft | AED 501KAED 500,604 · Jan 2024January 2024 | 58,000 /yr | |
| 208 | 1-bed | 868 sqft | AED 600KAED 600,000 · Dec 2023December 2023 | 90,000 /yr | |
| 209 | Studio | 524 sqft | AED 400KAED 400,000 · Apr 2024April 2024 | 44,000 /yr | |
| 210 | Studio | 495 sqft | AED 388KAED 388,000 · Dec 2023December 2023 | 35,200 /yr | |
| 211 | 1-bed | 907 sqft | AED 645KAED 645,000 · Dec 2023December 2023 | 55,000 /yr | |
| 212 | Studio | 397 sqft | AED 385KAED 385,000 · Jan 2024January 2024 | 40,000 /yr | |
| 213 | 1-bed | 898 sqft | AED 664KAED 664,394 · Dec 2023December 2023 | 60,938 /yr |
206, May Residence Tower 1 in numbers
- Sold once: by May Real Estate Development on 2 July 2024 for AED 750,000, or AED 808 per sqft.
- Rented since March 2022 on 6 Ejari contracts, from AED 45,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 14,200 a year (AED 15.29 per sqft).
- One-beds in May Residence Tower 1 sold for AED 650,000–810,775 in the 12 months to November 2026; the building's median across all types is AED 866 per sqft.
Source: Dubai Land Department. Updated 1 October 2025.
Questions about 206, May Residence Tower 1
What did unit 206 last sell for?
AED 750,000 on 2 July 2024, sold by the developer: AED 808 per sqft for 927 sqft. It is the only registered sale of the unit.
What is the rent for unit 206?
AED 55,000 a year on the contract renewed on 1 October 2025. The previous contract, from October 2024, was AED 55,000; the unit has been rented since March 2022.
How big is unit 206?
927 sqft (86.1 sqm): a one-bedroom apartment on the 2nd floor of a 5-storey tower completed in 2019.
What is unit 206 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in May Residence Tower 1 sold for AED 650,000 to 810,775 in the last 12 months, around AED 857 per sqft.
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Mortgage on 206, May Residence Tower 1
Starts from the last sale price (AED 750K, 2 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →