205, May Residence Tower 2
Sold prices and rental history: sold twice, last in June 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 205, May Residence Tower 2
What is 205 worth today?
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Source: Dubai Land Department. Updated 10 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 415 sqft
- Floor
- 2nd of 5
- Parking
- G-70
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 6,500 /yr
- Last sold
- AED 344K · June 2023
- Building
- May Residence Tower 2
About 205, May Residence Tower 2
205 is a studio of 415 sqft on the 2nd 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 12 June 2023 for AED 343,750, or AED 828 per sqft, in line with the AED 815 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 10 February 2024, is AED 30,250 a year: a gross yield of 8.8% on the 2023 price, before the service charge of about AED 6,500 a year.
Sales and rents for 205 over time
205 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 205 sits
All 30 studios →205 last sold in June 2023 at AED 828 per sqft, in line with 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. 205's AED 30,250 is at the bottom 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 2nd floor
All 70 units in May Residence Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 1-bed | 845 sqft | AED 635KAED 635,000 · Feb 2025February 2025 | 60,000 /yr | |
| 202 | 1-bed | 857 sqft | AED 650KAED 650,000 · Jun 2025June 2025 | 42,000 /yr | |
| 203 | Studio | 421 sqft | AED 500KAED 500,000 · Jul 2026July 2026 | 32,000 /yr | |
| 204 | Studio | 422 sqft | AED 460KAED 460,000 · Sep 2025September 2025 | 35,000 /yr | |
| 206 | Studio | 422 sqft | AED 435KAED 435,000 · Jul 2026July 2026 | 37,500 /yr | |
| 207 | 1-bed | 782 sqft | AED 570KAED 570,000 · May 2023May 2023 | 63,000 /yr | |
| 208 | 1-bed | 819 sqft | AED 615KAED 615,000 · Apr 2025April 2025 | 72,000 /yr | |
| 209 | Studio | 471 sqft | AED 450KAED 450,000 · Jul 2024July 2024 | 50,000 /yr | |
| 210 | Studio | 464 sqft | AED 460KAED 460,000 · Dec 2024December 2024 | 42,113 /yr | |
| 211 | 1-bed | 721 sqft | AED 560KAED 560,000 · Jan 2024January 2024 | 56,000 /yr | |
| 212 | 1-bed | 706 sqft | AED 519KAED 519,000 · May 2023May 2023 | 50,000 /yr | |
| 213 | 1-bed | 882 sqft | AED 750KAED 750,000 · Jan 2026January 2026 | 60,000 /yr | |
| 214 | 1-bed | 881 sqft | AED 605KAED 605,000 · Nov 2023November 2023 | 70,000 /yr |
205, May Residence Tower 2 in numbers
- Sold twice: first on 16 November 2016 for AED 360,000, last on 12 June 2023 for AED 343,750 (AED 828 per sqft).
- Rented since April 2020 on 5 Ejari contracts. The rent fell from AED 34,000 to AED 20,000 in 2021 and recovered to AED 30,250 by February 2024.
- At AED 30,250 a year the gross yield on the 2023 price is 8.8%, before a service charge of about AED 6,500 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 10 February 2024.
Questions about 205, May Residence Tower 2
What did unit 205 last sell for?
AED 343,750 on 12 June 2023: AED 828 per sqft for 415 sqft. The unit has 2 registered sales; the first was AED 360,000 in November 2016.
What is the rent for unit 205?
AED 30,250 a year on the contract renewed on 10 February 2024. The previous contract, from February 2023, was AED 27,500; the unit has been rented since April 2020.
How big is unit 205?
415 sqft (38.6 sqm): a studio on the 2nd floor of a 5-storey tower completed in 2019.
What is unit 205 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 205, May Residence Tower 2
Starts from the last sale price (AED 344K, 12 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 343,750
- Deposit, UAE resident (20%)
- AED 68,750
- Deposit, non-resident (40%)
- AED 137,500
- Monthly over 25 years at 3.7%
- AED 1,406
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →