505, May Residence Tower 2
Sold prices and rental history: sold 3 times, last in August 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 505, May Residence Tower 2
What is 505 worth today?
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Source: Dubai Land Department. Updated 28 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 415 sqft
- Floor
- 5th of 5
- Parking
- G-123
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 6,500 /yr
- Last sold
- AED 370K · August 2024
- Building
- May Residence Tower 2
About 505, May Residence Tower 2
505 is a studio of 415 sqft on the 5th 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 7 August 2024 for AED 370,000, or AED 891 per sqft, in line with the AED 890 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 28 September 2025, is AED 36,000 a year: a gross yield of 9.7% on the 2024 price, before the service charge of about AED 6,500 a year.
Sales and rents for 505 over time
505 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 505 sits
All 30 studios →505 last sold in August 2024 at AED 891 per sqft, in line with what studios in May Residence Tower 2 were fetching at the time (AED 890). 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. 505's AED 36,000 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 5th floor
All 70 units in May Residence Tower 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 845 sqft | AED 630KAED 630,000 · Apr 2025April 2025 | 53,000 /yr | |
| 502 | 1-bed | 857 sqft | AED 635KAED 635,000 · Apr 2025April 2025 | 60,000 /yr | |
| 503 | Studio | 421 sqft | AED 423KAED 423,000 · Oct 2025October 2025 | 43,000 /yr | |
| 504 | Studio | 426 sqft | AED 400KAED 400,000 · Jul 2024July 2024 | 48,000 /yr | |
| 506 | Studio | 422 sqft | AED 420KAED 420,000 · Sep 2025September 2025 | 45,000 /yr | |
| 507 | 1-bed | 782 sqft | AED 700KAED 700,000 · Feb 2025February 2025 | 35,000 /yr | |
| 508 | 1-bed | 819 sqft | AED 600KAED 600,000 · Oct 2025October 2025 | 58,000 /yr | |
| 509 | Studio | 470 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 42,000 /yr | |
| 510 | Studio | 465 sqft | AED 460KAED 460,000 · Nov 2024November 2024 | 66,000 /yr | |
| 511 | 1-bed | 725 sqft | AED 550KAED 550,012 · Sep 2023September 2023 | 42,000 /yr | |
| 512 | 1-bed | 710 sqft | AED 530KAED 530,000 · Apr 2023April 2023 | 58,000 /yr | |
| 513 | 1-bed | 874 sqft | AED 728KAED 727,994 · Aug 2024August 2024 | 55,000 /yr | |
| 514 | 1-bed | 875 sqft | AED 595KAED 595,143 · Feb 2024February 2024 | 55,000 /yr |
505, May Residence Tower 2 in numbers
- Sold 3 times: first on 16 November 2016 for AED 360,000, last on 7 August 2024 for AED 370,000 (AED 891 per sqft).
- Rented since March 2020 on 5 Ejari contracts. The rent fell from AED 30,000 to AED 21,000 in 2021 and recovered to AED 36,000 by September 2025.
- At AED 36,000 a year the gross yield on the 2024 price is 9.7%, before a service charge of about AED 6,500 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 28 September 2025.
Questions about 505, May Residence Tower 2
What did unit 505 last sell for?
AED 370,000 on 7 August 2024: AED 891 per sqft for 415 sqft. The unit has 3 registered sales; the first was AED 360,000 in November 2016.
What is the rent for unit 505?
AED 36,000 a year on the contract renewed on 28 September 2025. The previous contract, from September 2024, was AED 36,000; the unit has been rented since March 2020.
How big is unit 505?
415 sqft (38.6 sqm): a studio on the 5th floor of a 5-storey tower completed in 2019.
What is unit 505 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 505, May Residence Tower 2
Starts from the last sale price (AED 370K, 7 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 370,000
- Deposit, UAE resident (20%)
- AED 74,000
- Deposit, non-resident (40%)
- AED 148,000
- Monthly over 25 years at 3.7%
- AED 1,514
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →