407, May Residence Tower 2
Sold prices and rental history: sold once, by the developer in October 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, May Residence Tower 2
What is 407 worth today?
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Source: Dubai Land Department. Updated 25 March 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 782 sqft
- Floor
- 4th of 5
- Parking
- B-58
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 12,200 /yr
- Last sold
- AED 571K · October 2023
- Building
- May Residence Tower 2
About 407, May Residence Tower 2
407 is a one-bedroom apartment of 782 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. The developer sold it on 17 October 2023 for AED 571,000, or AED 730 per sqft, 14% above the AED 643 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 25 March 2026, is AED 55,000 a year: a gross yield of 9.6% on the 2023 price, before the service charge of about AED 12,200 a year.
Sales and rents for 407 over time
407 has sold once; 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 407 sits
All 40 1-beds →407 last sold in October 2023 at AED 730 per sqft, 14% above what one-beds in May Residence Tower 2 were fetching at the time (AED 643). 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. 407's AED 55,000 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 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 | |
| 406 | Studio | 422 sqft | AED 430KAED 430,000 · Sep 2024September 2024 | 45,000 /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 |
407, May Residence Tower 2 in numbers
- Sold once: by May Real Estate Development on 17 October 2023 for AED 571,000, or AED 730 per sqft.
- Rented since December 2021 on 5 Ejari contracts, from AED 32,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2023 price is 9.6%, before a service charge of about AED 12,200 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 March 2026.
Questions about 407, May Residence Tower 2
What did unit 407 last sell for?
AED 571,000 on 17 October 2023, sold by the developer: AED 730 per sqft for 782 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 55,000 a year on the contract renewed on 25 March 2026. The previous contract, from March 2025, was AED 55,000; the unit has been rented since December 2021.
How big is unit 407?
782 sqft (72.7 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2019.
What is unit 407 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 407, May Residence Tower 2
Starts from the last sale price (AED 571K, 17 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 571,000
- Deposit, UAE resident (20%)
- AED 114,200
- Deposit, non-resident (40%)
- AED 228,400
- Monthly over 25 years at 3.7%
- AED 2,336
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →