309, May Residence Tower 2
Sold prices and rental history: sold twice, last in May 2024, 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 309, May Residence Tower 2
What is 309 worth today?
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Source: Dubai Land Department. Updated 15 August 2024.
Key facts
- Type
- Studio apartment
- Size
- 471 sqft
- Floor
- 3rd of 5
- Parking
- G-38
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 7,300 /yr
- Last sold
- AED 450K · May 2024
- Building
- May Residence Tower 2
About 309, May Residence Tower 2
309 is a studio of 471 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 23 May 2024 for AED 450,000, or AED 955 per sqft, 15% above the AED 828 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 15 August 2024, is AED 40,000 a year: a gross yield of 8.9% on the 2024 price, before the service charge of about AED 7,300 a year.
Sales and rents for 309 over time
309 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 309 sits
All 30 studios →309 last sold in May 2024 at AED 955 per sqft, 15% above what studios in May Residence Tower 2 were fetching at the time (AED 828). 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. 309's AED 40,000 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 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 | |
| 302 | 1-bed | 857 sqft | AED 650KAED 650,000 · Apr 2024April 2024 | 53,000 /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 | |
| 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 |
309, May Residence Tower 2 in numbers
- Sold twice: first on 16 November 2016 for AED 401,000, last on 23 May 2024 for AED 450,000 (AED 955 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 40,000 by August 2024.
- At AED 40,000 a year the gross yield on the 2024 price is 8.9%, before a service charge of about AED 7,300 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 August 2024.
Questions about 309, May Residence Tower 2
What did unit 309 last sell for?
AED 450,000 on 23 May 2024: AED 955 per sqft for 471 sqft. The unit has 2 registered sales; the first was AED 401,000 in November 2016.
What is the rent for unit 309?
AED 40,000 a year on the contract signed on 15 August 2024. The previous contract, from June 2023, was AED 30,000; the unit has been rented since April 2020.
How big is unit 309?
471 sqft (43.8 sqm): a studio on the 3rd floor of a 5-storey tower completed in 2019.
What is unit 309 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 309, May Residence Tower 2
Starts from the last sale price (AED 450K, 23 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →