302, May Residence Tower 2
Sold prices and rental history: sold twice, last in April 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 302, May Residence Tower 2
What is 302 worth today?
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Source: Dubai Land Department. Updated 25 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 857 sqft
- Floor
- 3rd of 5
- Parking
- B-8
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 13,300 /yr
- Last sold
- AED 650K · April 2024
- Building
- May Residence Tower 2
About 302, May Residence Tower 2
302 is a one-bedroom apartment of 857 sqft on the 3rd 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 April 2024 for AED 650,000, or AED 758 per sqft, 8% above the AED 701 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 5 March 2024, is AED 53,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 13,300 a year.
Sales and rents for 302 over time
302 has sold twice; 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 2, and where 302 sits
All 40 1-beds →302 last sold in April 2024 at AED 758 per sqft, 8% above what one-beds in May Residence Tower 2 were fetching at the time (AED 701). Over the last 12 months one-beds sold for AED 750,000 to 950,000, around AED 815 per sqft, and rent for AED 42,000 to 90,000 a year. 302's AED 53,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Aug 202624 August 2026 | 1,218 sqft | 950,000 | 779 | ||
| 19 Feb 202619 February 2026 | 721 sqft | 750,000 | 1,040 | ||
| 18 Feb 202618 February 2026 | 1,354 sqft | 902,089 | 666 | ||
| 16 Jan 202616 January 2026 | 882 sqft | 750,000 | 850 |
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 3rd floor
All 70 units in May Residence Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 845 sqft | AED 665KAED 665,000 · May 2024May 2024 | 30,000 /yr | |
| 303 | Studio | 421 sqft | AED 420KAED 420,000 · Aug 2025August 2025 | 38,500 /yr | |
| 304 | Studio | 422 sqft | AED 510KAED 510,000 · Aug 2026August 2026 | 39,000 /yr | |
| 305 | Studio | 415 sqft | AED 437KAED 437,000 · Jun 2024June 2024 | 30,000 /yr | |
| 306 | Studio | 422 sqft | AED 400KAED 400,000 · Jul 2024July 2024 | 50,000 /yr | |
| 307 | 1-bed | 782 sqft | AED 551KAED 551,000 · May 2023May 2023 | 63,000 /yr | |
| 308 | 1-bed | 819 sqft | AED 625KAED 625,000 · Aug 2024August 2024 | 66,000 /yr | |
| 309 | Studio | 471 sqft | AED 450KAED 450,000 · May 2024May 2024 | 40,000 /yr | |
| 310 | Studio | 464 sqft | AED 498KAED 498,000 · Apr 2026April 2026 | 35,000 /yr | |
| 311 | 1-bed | 721 sqft | AED 500KAED 500,000 · Jul 2023July 2023 | 54,500 /yr | |
| 312 | 1-bed | 706 sqft | AED 750KAED 750,000 · Jul 2024July 2024 | 55,000 /yr | |
| 313 | 1-bed | 882 sqft | AED 600KAED 600,000 · Aug 2025August 2025 | 55,000 /yr | |
| 314 | 1-bed | 881 sqft | AED 655KAED 655,000 · Apr 2024April 2024 | 62,000 /yr |
302, May Residence Tower 2 in numbers
- Sold twice: first on 29 March 2023 for AED 549,000, last on 25 April 2024 for AED 650,000 (AED 758 per sqft).
- Rented since December 2021 on 3 Ejari contracts, from AED 30,000 to AED 53,000 a year.
- At AED 53,000 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 13,300 a year (AED 15.55 per sqft).
- One-beds in May Residence Tower 2 sold for AED 750,000–950,000 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 25 April 2024.
Questions about 302, May Residence Tower 2
What did unit 302 last sell for?
AED 650,000 on 25 April 2024: AED 758 per sqft for 857 sqft. The unit has 2 registered sales; the first was AED 549,000 in March 2023.
What is the rent for unit 302?
AED 53,000 a year on the contract signed on 5 March 2024. The previous contract, from December 2022, was AED 36,000; the unit has been rented since December 2021.
How big is unit 302?
857 sqft (79.6 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2019.
What is unit 302 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 2 sold for AED 750,000 to 950,000 in the last 12 months, around AED 815 per sqft.
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Mortgage on 302, May Residence Tower 2
Starts from the last sale price (AED 650K, 25 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →