509, May Residence Tower 1
Sold prices and rental history: sold once, by the developer in October 2024, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, May Residence Tower 1
What is 509 worth today?
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Source: Dubai Land Department. Updated 25 June 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 1,341 sqft
- Floor
- 5th of 5
- Parking
- G-64
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 20,500 /yr
- Last sold
- AED 845K · October 2024
- Building
- May Residence Tower 1
About 509, May Residence Tower 1
509 is a one-bedroom apartment of 1,341 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 22 October 2024 for AED 844,741, or AED 629 per sqft, 10% below the AED 700 one-beds in the building were fetching at the time.
It has been rented continuously since 2024 on 5 Ejari contracts. The current contract, signed on 25 June 2026, is AED 56,000 a year: a gross yield of 6.6% on the 2024 price, before the service charge of about AED 20,500 a year.
Sales and rents for 509 over time
509 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 509 sits
All 46 1-beds →509 last sold in October 2024 at AED 629 per sqft, 10% below 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. 509's AED 56,000 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 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 | |
| 508 | Studio | 523 sqft | AED 350KAED 350,000 · Apr 2024April 2024 | 44,000 /yr | |
| 510 | 1-bed | 898 sqft | AED 611KAED 610,662 · Feb 2024February 2024 | 65,000 /yr |
509, May Residence Tower 1 in numbers
- Sold once: by May Real Estate Development on 22 October 2024 for AED 844,741, or AED 629 per sqft.
- Rented since September 2024 on 5 Ejari contracts, from AED 60,000 to AED 56,000 a year.
- At AED 56,000 a year the gross yield on the 2024 price is 6.6%, before a service charge of about AED 20,500 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 25 June 2026.
Questions about 509, May Residence Tower 1
What did unit 509 last sell for?
AED 844,741 on 22 October 2024, sold by the developer: AED 629 per sqft for 1,341 sqft. It is the only registered sale of the unit.
What is the rent for unit 509?
AED 56,000 a year on the contract signed on 25 June 2026. The previous contract, from September 2025, was AED 68,000; the unit has been rented since September 2024.
How big is unit 509?
1,341 sqft (124.6 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 509 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 509, May Residence Tower 1
Starts from the last sale price (AED 845K, 22 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 844,741
- Deposit, UAE resident (20%)
- AED 168,948
- Deposit, non-resident (40%)
- AED 337,896
- Monthly over 25 years at 3.7%
- AED 3,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →