512, May Residence Tower 2
Sold prices and rental history: sold once, by the developer in April 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 512, May Residence Tower 2
What is 512 worth today?
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Source: Dubai Land Department. Updated 21 August 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 710 sqft
- Floor
- 5th of 5
- Parking
- B-103
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 11,000 /yr
- Last sold
- AED 530K · April 2023
- Building
- May Residence Tower 2
About 512, May Residence Tower 2
512 is a one-bedroom apartment of 710 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 27 April 2023 for AED 530,000, or AED 746 per sqft, 17% above the AED 640 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 21 August 2026, is AED 58,000 a year: a gross yield of 10.9% on the 2023 price, before the service charge of about AED 11,000 a year.
Sales and rents for 512 over time
512 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 512 sits
All 40 1-beds →512 last sold in April 2023 at AED 746 per sqft, 17% 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. 512's AED 58,000 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 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 | |
| 511 | 1-bed | 725 sqft | AED 550KAED 550,012 · Sep 2023September 2023 | 42,000 /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 |
512, May Residence Tower 2 in numbers
- Sold once: by May Real Estate Development on 27 April 2023 for AED 530,000, or AED 746 per sqft.
- Rented since January 2022 on 5 Ejari contracts, from AED 30,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2023 price is 10.9%, before a service charge of about AED 11,000 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 August 2026.
Questions about 512, May Residence Tower 2
What did unit 512 last sell for?
AED 530,000 on 27 April 2023, sold by the developer: AED 746 per sqft for 710 sqft. It is the only registered sale of the unit.
What is the rent for unit 512?
AED 58,000 a year on the contract signed on 21 August 2026. The previous contract, from August 2025, was AED 54,000; the unit has been rented since January 2022.
How big is unit 512?
710 sqft (66.0 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 512 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 512, May Residence Tower 2
Starts from the last sale price (AED 530K, 27 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 530,000
- Deposit, UAE resident (20%)
- AED 106,000
- Deposit, non-resident (40%)
- AED 212,000
- Monthly over 25 years at 3.7%
- AED 2,168
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →