502, May Residence Tower 1
Sold prices and rental history: sold twice, last in February 2025, 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 502, May Residence Tower 1
What is 502 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 July 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,847 sqft
- Floor
- 5th of 5
- Parking
- G-103
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 28,200 /yr
- Last sold
- AED 1.7M · February 2025
- Building
- May Residence Tower 1
About 502, May Residence Tower 1
502 is a two-bedroom apartment of 1,847 sqft on the 5th floor of May Residence Tower 1, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2019 by May Real Estate Development. It last sold on 24 February 2025 for AED 1,700,000, or AED 920 per sqft, 46% above the AED 629 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 1 July 2025, is AED 130,000 a year: a gross yield of 7.6% on the 2025 price, before the service charge of about AED 28,200 a year.
2-beds in May Residence Tower 1, and where 502 sits
All 2 2-beds →502 last sold in February 2025 at AED 920 per sqft, 46% above what two-beds in May Residence Tower 1 were fetching at the time (AED 629).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Aug 20241 August 2024 | 1,733 sqft | 1,092,054 | 629 | ||
| 20 May 202420 May 2024 | 1,733 sqft | 1,092,054 | 629 |
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 5th floor
All 62 units in May Residence Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 904 sqft | AED 678KAED 678,135 · Jan 2024January 2024 | 60,000 /yr | |
| 503 | 1-bed | 899 sqft | AED 674KAED 674,340 · Mar 2024March 2024 | 42,000 /yr | |
| 504 | Studio | 513 sqft | AED 485KAED 485,000 · Jan 2026January 2026 | 42,000 /yr | |
| 505 | 1-bed | 760 sqft | AED 680KAED 680,000 · May 2025May 2025 | 56,700 /yr | |
| 506 | 1-bed | 763 sqft | AED 530KAED 530,000 · Mar 2024March 2024 | 50,000 /yr | |
| 507 | 2-bed | 1,733 sqft | AED 1.09MAED 1,092,054 · Aug 2024August 2024 | 110,000 /yr | |
| 508 | Studio | 523 sqft | AED 350KAED 350,000 · Apr 2024April 2024 | 44,000 /yr | |
| 509 | 1-bed | 1,341 sqft | AED 845KAED 844,741 · Oct 2024October 2024 | 56,000 /yr | |
| 510 | 1-bed | 898 sqft | AED 611KAED 610,662 · Feb 2024February 2024 | 65,000 /yr |
502, May Residence Tower 1 in numbers
- Sold twice: first on 16 May 2024 for AED 1,070,280, last on 24 February 2025 for AED 1,700,000 (AED 920 per sqft).
- Rented since March 2022 on 5 Ejari contracts, from AED 75,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2025 price is 7.6%, before a service charge of about AED 28,200 a year (AED 15.29 per sqft).
Source: Dubai Land Department. Updated 1 July 2025.
Questions about 502, May Residence Tower 1
What did unit 502 last sell for?
AED 1,700,000 on 24 February 2025: AED 920 per sqft for 1,847 sqft. The unit has 2 registered sales; the first was AED 1,070,280 in May 2024.
What is the rent for unit 502?
AED 130,000 a year on the contract signed on 1 July 2025. The previous contract, from July 2025, was AED 130,000; the unit has been rented since March 2022.
How big is unit 502?
1,847 sqft (171.6 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 502? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 502, May Residence Tower 1
Starts from the last sale price (AED 1.7M, 24 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →