406, May Residence Tower 2
Sold prices and rental history: sold 3 times, last in September 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 406, May Residence Tower 2
What is 406 worth today?
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Source: Dubai Land Department. Updated 8 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 422 sqft
- Floor
- 4th of 5
- Parking
- G-1
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 6,600 /yr
- Last sold
- AED 430K · September 2024
- Building
- May Residence Tower 2
About 406, May Residence Tower 2
406 is a studio of 422 sqft on the 4th 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 30 September 2024 for AED 430,000, or AED 1,019 per sqft, 7% above the AED 948 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 8 November 2024, is AED 45,000 a year: a gross yield of 10.5% on the 2024 price, before the service charge of about AED 6,600 a year.
Sales and rents for 406 over time
406 has sold 3 times; 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 406 sits
All 30 studios →406 last sold in September 2024 at AED 1,019 per sqft, 7% above what studios in May Residence Tower 2 were fetching at the time (AED 948). 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. 406's AED 45,000 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 4th floor
All 70 units in May Residence Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 845 sqft | AED 645KAED 645,000 · May 2025May 2025 | 60,000 /yr | |
| 402 | 1-bed | 857 sqft | AED 630KAED 630,000 · Mar 2025March 2025 | 74,000 /yr | |
| 403 | Studio | 421 sqft | AED 405KAED 405,000 · May 2024May 2024 | 32,000 /yr | |
| 404 | Studio | 422 sqft | AED 470KAED 470,000 · Sep 2025September 2025 | 55,000 /yr | |
| 405 | Studio | 415 sqft | AED 399KAED 399,000 · May 2024May 2024 | 50,000 /yr | |
| 407 | 1-bed | 782 sqft | AED 571KAED 571,000 · Oct 2023October 2023 | 55,000 /yr | |
| 408 | 1-bed | 819 sqft | AED 630KAED 630,000 · Feb 2025February 2025 | 62,000 /yr | |
| 409 | Studio | 471 sqft | AED 450KAED 450,000 · Jun 2024June 2024 | 45,000 /yr | |
| 410 | Studio | 464 sqft | AED 450KAED 450,000 · Apr 2024April 2024 | 45,000 /yr | |
| 411 | 1-bed | 721 sqft | AED 750KAED 750,000 · Feb 2026February 2026 | 50,000 /yr | |
| 412 | 1-bed | 706 sqft | AED 530KAED 530,000 · Nov 2023November 2023 | 48,000 /yr | |
| 413 | 1-bed | 882 sqft | AED 650KAED 650,000 · Mar 2025March 2025 | 39,168 /yr | |
| 414 | 1-bed | 881 sqft | AED 630KAED 630,000 · Sep 2023September 2023 | 36,000 /yr |
406, May Residence Tower 2 in numbers
- Sold 3 times: first on 16 November 2016 for AED 364,000, last on 30 September 2024 for AED 430,000 (AED 1,019 per sqft).
- Rented since March 2020 on 5 Ejari contracts. The rent fell from AED 30,000 to AED 20,000 in 2021 and recovered to AED 45,000 by November 2024.
- At AED 45,000 a year the gross yield on the 2024 price is 10.5%, before a service charge of about AED 6,600 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 8 November 2024.
Questions about 406, May Residence Tower 2
What did unit 406 last sell for?
AED 430,000 on 30 September 2024: AED 1,019 per sqft for 422 sqft. The unit has 3 registered sales; the first was AED 364,000 in November 2016.
What is the rent for unit 406?
AED 45,000 a year on the contract signed on 8 November 2024. The previous contract, from October 2023, was AED 31,000; the unit has been rented since March 2020.
How big is unit 406?
422 sqft (39.2 sqm): a studio on the 4th floor of a 5-storey tower completed in 2019.
What is unit 406 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 406, May Residence Tower 2
Starts from the last sale price (AED 430K, 30 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 430,000
- Deposit, UAE resident (20%)
- AED 86,000
- Deposit, non-resident (40%)
- AED 172,000
- Monthly over 25 years at 3.7%
- AED 1,759
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →