408, May Residence Tower 2
Sold prices and rental history: sold twice, last in February 2025, 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 408, May Residence Tower 2
What is 408 worth today?
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Source: Dubai Land Department. Updated 25 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 819 sqft
- Floor
- 4th of 5
- Parking
- B-59
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 12,700 /yr
- Last sold
- AED 630K · February 2025
- Building
- May Residence Tower 2
About 408, May Residence Tower 2
408 is a one-bedroom apartment of 819 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 28 February 2025 for AED 630,000, or AED 769 per sqft, in line with the AED 753 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 25 April 2025, is AED 62,000 a year: a gross yield of 9.8% on the 2025 price, before the service charge of about AED 12,700 a year.
Sales and rents for 408 over time
408 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 408 sits
All 40 1-beds →408 last sold in February 2025 at AED 769 per sqft, in line with what one-beds in May Residence Tower 2 were fetching at the time (AED 753). 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. 408's AED 62,000 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 | |
| 407 | 1-bed | 782 sqft | AED 571KAED 571,000 · Oct 2023October 2023 | 55,000 /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 |
408, May Residence Tower 2 in numbers
- Sold twice: first on 6 November 2023 for AED 509,733, last on 28 February 2025 for AED 630,000 (AED 769 per sqft).
- Rented since November 2021 on 5 Ejari contracts, from AED 31,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2025 price is 9.8%, before a service charge of about AED 12,700 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 2025.
Questions about 408, May Residence Tower 2
What did unit 408 last sell for?
AED 630,000 on 28 February 2025: AED 769 per sqft for 819 sqft. The unit has 2 registered sales; the first was AED 509,733 in November 2023.
What is the rent for unit 408?
AED 62,000 a year on the contract signed on 25 April 2025. The previous contract, from April 2025, was AED 62,000; the unit has been rented since November 2021.
How big is unit 408?
819 sqft (76.1 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2019.
What is unit 408 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 408, May Residence Tower 2
Starts from the last sale price (AED 630K, 28 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 630,000
- Deposit, UAE resident (20%)
- AED 126,000
- Deposit, non-resident (40%)
- AED 252,000
- Monthly over 25 years at 3.7%
- AED 2,578
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →