309, May Residence Tower 1
Sold prices and rental history: sold once, by the developer in January 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 309, May Residence Tower 1
What is 309 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 524 sqft
- Floor
- 3rd of 5
- Parking
- B-154
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 8,000 /yr
- Last sold
- AED 400K · January 2024
- Building
- May Residence Tower 1
About 309, May Residence Tower 1
309 is a studio of 524 sqft on the 3rd 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 25 January 2024 for AED 400,000, or AED 763 per sqft, 6% below the AED 813 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 1 September 2026, is AED 24,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 8,000 a year.
Sales and rents for 309 over time
309 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 309 sits
All 14 studios →309 last sold in January 2024 at AED 763 per sqft, 6% below what studios in May Residence Tower 1 were fetching at the time (AED 813). 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. 309's AED 24,000 is at the bottom 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 3rd floor
All 62 units in May Residence Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 903 sqft | AED 650KAED 650,000 · Jul 2024July 2024 | 62,000 /yr | |
| 302 | 1-bed | 922 sqft | AED 670KAED 670,000 · Dec 2025December 2025 | 70,000 /yr | |
| 303 | 1-bed | 899 sqft | AED 650KAED 650,000 · Dec 2023December 2023 | 60,000 /yr | |
| 304 | 1-bed | 928 sqft | AED 700KAED 700,000 · Feb 2026February 2026 | 85,000 /yr | |
| 305 | 1-bed | 758 sqft | AED 650KAED 650,000 · Jul 2026July 2026 | 59,000 /yr | |
| 306 | 1-bed | 927 sqft | AED 811KAED 810,775 · Feb 2026February 2026 | 73,000 /yr | |
| 307 | 1-bed | 770 sqft | AED 650KAED 650,000 · Nov 2024November 2024 | 40,910 /yr | |
| 308 | 1-bed | 868 sqft | AED 589KAED 588,630 · Feb 2024February 2024 | 55,000 /yr | |
| 310 | Studio | 495 sqft | AED 388KAED 388,000 · Jan 2024January 2024 | 38,000 /yr | |
| 311 | 1-bed | 907 sqft | AED 662KAED 661,775 · Feb 2024February 2024 | 68,000 /yr | |
| 312 | Studio | 397 sqft | AED 335KAED 335,000 · Dec 2023December 2023 | 42,000 /yr | |
| 313 | 1-bed | 898 sqft | AED 612KAED 611,538 · Feb 2024February 2024 | 60,000 /yr |
309, May Residence Tower 1 in numbers
- Sold once: by May Real Estate Development on 25 January 2024 for AED 400,000, or AED 763 per sqft.
- Rented since May 2022 on 4 Ejari contracts, from AED 30,000 to AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2024 price is 6.0%, 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 1 September 2026.
Questions about 309, May Residence Tower 1
What did unit 309 last sell for?
AED 400,000 on 25 January 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 309?
AED 24,000 a year on the contract signed on 1 September 2026. The previous contract, from August 2024, was AED 30,000; the unit has been rented since May 2022.
How big is unit 309?
524 sqft (48.7 sqm): a studio on the 3rd floor of a 5-storey tower completed in 2019.
What is unit 309 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 309, May Residence Tower 1
Starts from the last sale price (AED 400K, 25 January 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 →