511, May Residence Tower 2
Sold prices and rental history: sold once, by the developer in September 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, May Residence Tower 2
What is 511 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 725 sqft
- Floor
- 5th of 5
- Parking
- B-102
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 11,300 /yr
- Last sold
- AED 550K · September 2023
- Building
- May Residence Tower 2
About 511, May Residence Tower 2
511 is a one-bedroom apartment of 725 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. The developer sold it on 1 September 2023 for AED 550,012, or AED 758 per sqft, 18% above the AED 640 one-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 December 2022, is AED 42,000 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 11,300 a year.
Sales and rents for 511 over time
511 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 511 sits
All 40 1-beds →511 last sold in September 2023 at AED 758 per sqft, 18% above what one-beds in May Residence Tower 2 were fetching at the time (AED 640). 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. 511's AED 42,000 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 | |
| 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 | |
| 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 |
511, May Residence Tower 2 in numbers
- Sold once: by May Real Estate Development on 1 September 2023 for AED 550,012, or AED 758 per sqft.
- Rented since December 2021 on 2 Ejari contracts, from AED 30,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2023 price is 7.6%, before a service charge of about AED 11,300 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 1 September 2023.
Questions about 511, May Residence Tower 2
What did unit 511 last sell for?
AED 550,012 on 1 September 2023, sold by the developer: AED 758 per sqft for 725 sqft. It is the only registered sale of the unit.
What is the rent for unit 511?
AED 42,000 a year on the contract signed on 1 December 2022. The previous contract, from December 2021, was AED 30,000.
How big is unit 511?
725 sqft (67.4 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 511 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.
Selling 511? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 511, May Residence Tower 2
Starts from the last sale price (AED 550K, 1 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 550,012
- Deposit, UAE resident (20%)
- AED 110,002
- Deposit, non-resident (40%)
- AED 220,005
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →