106, May Residence Tower 3
Sold prices and rental history: sold once, by the developer in September 2018, 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 106, May Residence Tower 3
What is 106 worth today?
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Source: Dubai Land Department. Updated 1 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 601 sqft
- Floor
- 1st of 5
- Parking
- G-43
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 9,400 /yr
- Last sold
- AED 395K · September 2018
- Building
- May Residence Tower 3
About 106, May Residence Tower 3
106 is a studio of 601 sqft on the 1st floor of May Residence Tower 3, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2019 by May Real Estate Development. The developer sold it on 18 September 2018 for AED 395,000, or AED 657 per sqft, 10% below the AED 731 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 1 May 2025, is AED 45,000 a year: a gross yield of 11.4% on the 2018 price, before the service charge of about AED 9,400 a year.
Sales and rents for 106 over time
106 has sold once; 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 3, and where 106 sits
All 28 studios →106 last sold in September 2018 at AED 657 per sqft, 10% below what studios in May Residence Tower 3 were fetching at the time (AED 731). Over the last 12 months studios sold for AED 500,000, around AED 1,185 per sqft, and rent for AED 33,000 to 50,000 a year. 106's AED 45,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Jun 20268 June 2026 | 422 sqft | 500,000 | 1,185 | ||
| 15 Jan 202615 January 2026 | 422 sqft | 500,000 | 1,185 | ||
| 9 Jan 20269 January 2026 | 421 sqft | 500,000 | 1,186 | ||
| 7 Aug 20257 August 2025 | 426 sqft | 470,000 | 1,102 |
May Residence Tower 3
Building66 apartments, studios to 1-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2019 by May Real Estate Development. 7 sold in the last 12 months.
- Typical price per sqft
- AED 781
- Typical sale
- AED 600K
- Typical rent
- AED 50K /yr
- Typical yield
- 10.3%
Other units on the 1st floor
All 66 units in May Residence Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 1,212 sqft | AED 727KAED 727,200 · May 2025May 2025 | 55,000 /yr | |
| 102 | 1-bed | 1,217 sqft | AED 875KAED 875,000 · Oct 2026October 2026 | ||
| 103 | Studio | 597 sqft | AED 410KAED 410,000 · Nov 2023November 2023 | 37,500 /yr | |
| 104 | Studio | 602 sqft | AED 400KAED 400,000 · Oct 2023October 2023 | 50,000 /yr | |
| 105 | Studio | 597 sqft | AED 470KAED 470,000 · Oct 2016October 2016 | 48,000 /yr | |
| 107 | 1-bed | 1,138 sqft | AED 715KAED 715,000 · Apr 2024April 2024 | 55,000 /yr | |
| 108 | 1-bed | 1,173 sqft | AED 767KAED 767,000 · Oct 2024October 2024 | 58,000 /yr | |
| 109 | Studio | 654 sqft | AED 480KAED 480,000 · Feb 2018February 2018 | 40,000 /yr | |
| 110 | Studio | 649 sqft | AED 475KAED 475,000 · Feb 2018February 2018 | 30,350 /yr | |
| 111 | 1-bed | 1,167 sqft | AED 763KAED 763,000 · Apr 2026April 2026 | 55,000 /yr | |
| 112 | 1-bed | 1,155 sqft | AED 800KAED 800,000 · Oct 2024October 2024 | 36,000 /yr | |
| 113 | 1-bed | 1,354 sqft | AED 828KAED 827,790 · Nov 2024November 2024 | 64,000 /yr | |
| 114 | 1-bed | 1,352 sqft | AED 810KAED 810,000 · Sep 2025September 2025 | 48,400 /yr |
106, May Residence Tower 3 in numbers
- Sold once: by May Real Estate Development on 18 September 2018 for AED 395,000, or AED 657 per sqft.
- Rented since April 2020 on 6 Ejari contracts. The rent fell from AED 34,000 to AED 20,000 in 2021 and recovered to AED 45,000 by May 2025.
- At AED 45,000 a year the gross yield on the 2018 price is 11.4%, before a service charge of about AED 9,400 a year (AED 15.72 per sqft).
- Studios in May Residence Tower 3 sold for AED 500,000–500,000 in the 12 months to November 2026; the building's median across all types is AED 781 per sqft.
Source: Dubai Land Department. Updated 1 May 2025.
Questions about 106, May Residence Tower 3
What did unit 106 last sell for?
AED 395,000 on 18 September 2018, sold by the developer: AED 657 per sqft for 601 sqft. It is the only registered sale of the unit.
What is the rent for unit 106?
AED 45,000 a year on the contract renewed on 1 May 2025. The previous contract, from May 2024, was AED 45,000; the unit has been rented since April 2020.
How big is unit 106?
601 sqft (55.8 sqm): a studio on the 1st floor of a 5-storey tower completed in 2019.
What is unit 106 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 3 sold for AED 500,000 to 500,000 in the last 12 months, around AED 1,185 per sqft.
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Mortgage on 106, May Residence Tower 3
Starts from the last sale price (AED 395K, 18 September 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 395,000
- Deposit, UAE resident (20%)
- AED 79,000
- Deposit, non-resident (40%)
- AED 158,000
- Monthly over 25 years at 3.7%
- AED 1,616
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →