103, May Residence Tower 2
Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 103, May Residence Tower 2
What is 103 worth today?
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Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 580 sqft
- Floor
- 1st of 5
- Parking
- G-106
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 9,000 /yr
- Last sold
- AED 499K · August 2023
- Building
- May Residence Tower 2
About 103, May Residence Tower 2
103 is a studio of 580 sqft on the 1st floor of May Residence Tower 2, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2019 by May Real Estate Development. It last sold on 25 August 2023 for AED 499,000, or AED 860 per sqft, 6% above the AED 815 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, signed on 15 September 2026, is AED 37,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 9,000 a year.
Sales and rents for 103 over time
103 has sold twice; 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 2, and where 103 sits
All 30 studios →103 last sold in August 2023 at AED 860 per sqft, 6% above what studios in May Residence Tower 2 were fetching at the time (AED 815). Over the last 12 months studios sold for AED 435,000 to 510,000, around AED 1,129 per sqft, and rent for AED 35,000 to 56,000 a year. 103's AED 37,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Aug 20267 August 2026 | 422 sqft | 510,000 | 1,209 | ||
| 27 Jul 202627 July 2026 | 421 sqft | 500,000 | 1,186 | ||
| 14 Jul 202614 July 2026 | 422 sqft | 435,000 | 1,031 | ||
| 3 Apr 20263 April 2026 | 464 sqft | 498,000 | 1,072 |
May Residence Tower 2
Building70 apartments, studios to 1-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2019 by May Real Estate Development. 8 sold in the last 12 months.
- Typical price per sqft
- AED 1,036
- Typical sale
- AED 630K
- Typical rent
- AED 53K /yr
- Typical yield
- 7.4%
Other units on the 1st floor
All 70 units in May Residence Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 1,162 sqft | AED 727KAED 726,875 · Apr 2024April 2024 | 49,508 /yr | |
| 102 | 1-bed | 1,218 sqft | AED 950KAED 950,000 · Aug 2026August 2026 | 60,000 /yr | |
| 104 | Studio | 602 sqft | AED 499KAED 499,000 · Aug 2023August 2023 | 40,000 /yr | |
| 105 | Studio | 582 sqft | AED 499KAED 499,000 · Aug 2023August 2023 | 42,000 /yr | |
| 106 | Studio | 601 sqft | AED 503KAED 503,000 · Oct 2023October 2023 | 37,000 /yr | |
| 107 | 1-bed | 1,108 sqft | AED 753KAED 753,200 · Jul 2024July 2024 | 60,000 /yr | |
| 108 | 1-bed | 1,171 sqft | AED 800KAED 800,000 · Oct 2024October 2024 | 42,000 /yr | |
| 109 | Studio | 629 sqft | AED 460KAED 460,000 · Feb 2024February 2024 | 44,000 /yr | |
| 110 | Studio | 649 sqft | AED 460KAED 460,000 · Jun 2024June 2024 | 50,000 /yr | |
| 111 | 1-bed | 1,125 sqft | AED 850KAED 850,000 · Oct 2024October 2024 | 60,000 /yr | |
| 112 | 1-bed | 1,153 sqft | AED 800KAED 800,000 · Oct 2024October 2024 | 55,000 /yr | |
| 113 | 1-bed | 1,328 sqft | AED 636KAED 636,040 · Jan 2025January 2025 | 46,800 /yr | |
| 114 | 1-bed | 1,354 sqft | AED 902KAED 902,089 · Feb 2026February 2026 | 60,000 /yr |
103, May Residence Tower 2 in numbers
- Sold twice: first on 18 December 2018 for AED 395,000, last on 25 August 2023 for AED 499,000 (AED 860 per sqft).
- Rented since April 2020 on 8 Ejari contracts. The rent fell from AED 34,000 to AED 21,000 in 2021 and recovered to AED 37,000 by September 2026.
- At AED 37,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 9,000 a year (AED 15.55 per sqft).
- Studios in May Residence Tower 2 sold for AED 435,000–510,000 in the 12 months to November 2026; the building's median across all types is AED 1,036 per sqft.
Source: Dubai Land Department. Updated 15 September 2026.
Questions about 103, May Residence Tower 2
What did unit 103 last sell for?
AED 499,000 on 25 August 2023: AED 860 per sqft for 580 sqft. The unit has 2 registered sales; the first was AED 395,000 in December 2018.
What is the rent for unit 103?
AED 37,000 a year on the contract signed on 15 September 2026. The previous contract, from May 2025, was AED 50,000; the unit has been rented since April 2020.
How big is unit 103?
580 sqft (53.9 sqm): a studio on the 1st floor of a 5-storey tower completed in 2019.
What is unit 103 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 2 sold for AED 435,000 to 510,000 in the last 12 months, around AED 1,129 per sqft.
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Mortgage on 103, May Residence Tower 2
Starts from the last sale price (AED 499K, 25 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 499,000
- Deposit, UAE resident (20%)
- AED 99,800
- Deposit, non-resident (40%)
- AED 199,600
- Monthly over 25 years at 3.7%
- AED 2,042
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →