507, May Residence Tower 2
Sold prices and rental history: sold twice, last in February 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, May Residence Tower 2
What is 507 worth today?
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Source: Dubai Land Department. Updated 21 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 782 sqft
- Floor
- 5th of 5
- Parking
- B-100
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 12,200 /yr
- Last sold
- AED 700K · February 2025
- Building
- May Residence Tower 2
About 507, May Residence Tower 2
507 is a one-bedroom apartment of 782 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 21 February 2025 for AED 700,000, or AED 895 per sqft, 19% above the AED 749 one-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 5 November 2022, is AED 35,000 a year: a gross yield of 5.0% on the 2025 price, before the service charge of about AED 12,200 a year.
Sales and rents for 507 over time
507 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 507 sits
All 40 1-beds →507 last sold in February 2025 at AED 895 per sqft, 19% above what one-beds in May Residence Tower 2 were fetching at the time (AED 749). 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. 507's AED 35,000 is at the bottom 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 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 | |
| 505 | Studio | 415 sqft | AED 370KAED 370,000 · Aug 2024August 2024 | 36,000 /yr | |
| 506 | Studio | 422 sqft | AED 420KAED 420,000 · Sep 2025September 2025 | 45,000 /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 |
507, May Residence Tower 2 in numbers
- Sold twice: first on 18 December 2023 for AED 548,000, last on 21 February 2025 for AED 700,000 (AED 895 per sqft).
- Rented since November 2021 on 2 Ejari contracts, from AED 32,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2025 price is 5.0%, 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 21 February 2025.
Questions about 507, May Residence Tower 2
What did unit 507 last sell for?
AED 700,000 on 21 February 2025: AED 895 per sqft for 782 sqft. The unit has 2 registered sales; the first was AED 548,000 in December 2023.
What is the rent for unit 507?
AED 35,000 a year on the contract renewed on 5 November 2022. The previous contract, from November 2021, was AED 32,000.
How big is unit 507?
782 sqft (72.7 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 507 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 507, May Residence Tower 2
Starts from the last sale price (AED 700K, 21 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →