209, May Residence Tower 1
Sold prices and rental history: sold once, by the developer in April 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 209, May Residence Tower 1
What is 209 worth today?
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Source: Dubai Land Department. Updated 10 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 524 sqft
- Floor
- 2nd of 5
- Parking
- B-96
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 8,000 /yr
- Last sold
- AED 400K · April 2024
- Building
- May Residence Tower 1
About 209, May Residence Tower 1
209 is a studio of 524 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 1 April 2024 for AED 400,000, or AED 763 per sqft, in line with the AED 763 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 10 October 2025, is AED 44,000 a year: a gross yield of 11.0% on the 2024 price, before the service charge of about AED 8,000 a year.
Sales and rents for 209 over time
209 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in May Residence Tower 1, and where 209 sits
All 14 studios →209 last sold in April 2024 at AED 763 per sqft, in line with what studios in May Residence Tower 1 were fetching at the time (AED 763). Over the last 12 months studios sold for AED 485,000, around AED 945 per sqft, and rent for AED 24,000 to 50,000 a year. 209's AED 44,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Jan 202621 January 2026 | 513 sqft | 485,000 | 945 | ||
| 2 Apr 20252 April 2025 | 524 sqft | 440,000 | 840 | ||
| 13 Dec 202413 December 2024 | 397 sqft | 395,000 | 995 | ||
| 10 Dec 202410 December 2024 | 397 sqft | 440,000 | 1,108 |
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 | |
| 206 | 1-bed | 927 sqft | AED 750KAED 750,000 · Jul 2024July 2024 | 55,000 /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 | |
| 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 |
209, May Residence Tower 1 in numbers
- Sold once: by May Real Estate Development on 1 April 2024 for AED 400,000, or AED 763 per sqft.
- Rented since June 2022 on 4 Ejari contracts, from AED 32,000 to AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2024 price is 11.0%, before a service charge of about AED 8,000 a year (AED 15.29 per sqft).
- Studios in May Residence Tower 1 sold for AED 485,000–485,000 in the 12 months to November 2026; the building's median across all types is AED 866 per sqft.
Source: Dubai Land Department. Updated 10 October 2025.
Questions about 209, May Residence Tower 1
What did unit 209 last sell for?
AED 400,000 on 1 April 2024, sold by the developer: AED 763 per sqft for 524 sqft. It is the only registered sale of the unit.
What is the rent for unit 209?
AED 44,000 a year on the contract signed on 10 October 2025. The previous contract, from September 2024, was AED 40,000; the unit has been rented since June 2022.
How big is unit 209?
524 sqft (48.7 sqm): a studio on the 2nd floor of a 5-storey tower completed in 2019.
What is unit 209 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in May Residence Tower 1 sold for AED 485,000 to 485,000 in the last 12 months, around AED 945 per sqft.
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Mortgage on 209, May Residence Tower 1
Starts from the last sale price (AED 400K, 1 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →