508, 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 508, May Residence Tower 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 523 sqft
- Floor
- 5th of 5
- Parking
- B-6
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 8,000 /yr
- Last sold
- AED 350K · April 2024
- Building
- May Residence Tower 1
About 508, May Residence Tower 1
508 is a studio of 523 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. The developer sold it on 1 April 2024 for AED 350,000, or AED 668 per sqft, 12% below 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 1 January 2026, is AED 44,000 a year: a gross yield of 12.6% on the 2024 price, before the service charge of about AED 8,000 a year.
Sales and rents for 508 over time
508 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 508 sits
All 14 studios →508 last sold in April 2024 at AED 668 per sqft, 12% below 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. 508'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 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 | |
| 502 | 2-bed | 1,847 sqft | AED 1.7MAED 1,700,000 · Feb 2025February 2025 | 130,000 /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 | |
| 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 |
508, May Residence Tower 1 in numbers
- Sold once: by May Real Estate Development on 1 April 2024 for AED 350,000, or AED 668 per sqft.
- Rented since May 2022 on 4 Ejari contracts, from AED 30,000 to AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2024 price is 12.6%, 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 January 2026.
Questions about 508, May Residence Tower 1
What did unit 508 last sell for?
AED 350,000 on 1 April 2024, sold by the developer: AED 668 per sqft for 523 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 44,000 a year on the contract signed on 1 January 2026. The previous contract, from December 2024, was AED 43,000; the unit has been rented since May 2022.
How big is unit 508?
523 sqft (48.6 sqm): a studio on the 5th floor of a 5-storey tower completed in 2019.
What is unit 508 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 508, May Residence Tower 1
Starts from the last sale price (AED 350K, 1 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 350,000
- Deposit, UAE resident (20%)
- AED 70,000
- Deposit, non-resident (40%)
- AED 140,000
- Monthly over 25 years at 3.7%
- AED 1,432
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →