402, May Residence Tower 3
Sold prices and rental history: sold once, by the developer in November 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, May Residence Tower 3
What is 402 worth today?
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Source: Dubai Land Department. Updated 15 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 857 sqft
- Floor
- 4th of 5
- Parking
- B-65
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 13,500 /yr
- Last sold
- AED 565K · November 2023
- Building
- May Residence Tower 3
About 402, May Residence Tower 3
402 is a one-bedroom apartment of 857 sqft on the 4th 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 9 November 2023 for AED 565,000, or AED 659 per sqft, 5% below the AED 697 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 15 December 2025, is AED 65,000 a year: a gross yield of 11.5% on the 2023 price, before the service charge of about AED 13,500 a year.
Sales and rents for 402 over time
402 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 3, and where 402 sits
All 38 1-beds →402 last sold in November 2023 at AED 659 per sqft, 5% below what one-beds in May Residence Tower 3 were fetching at the time (AED 697). Over the last 12 months one-beds sold for AED 600,000 to 875,000, around AED 699 per sqft, and rent for AED 50,000 to 81,000 a year. 402's AED 65,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 1,217 sqft | 875,000 | 718 | ||
| 21 Aug 202621 August 2026 | 882 sqft | 600,000 | 680 | ||
| 10 Aug 202610 August 2026 | 845 sqft | 660,000 | 781 | ||
| 7 Apr 20267 April 2026 | 1,167 sqft | 763,000 | 653 |
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 4th floor
All 66 units in May Residence Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 845 sqft | AED 580KAED 580,000 · Nov 2023November 2023 | 57,000 /yr | |
| 403 | Studio | 421 sqft | AED 355KAED 355,000 · May 2016May 2016 | 45,000 /yr | |
| 404 | Studio | 422 sqft | AED 394KAED 394,000 · Jul 2016July 2016 | 36,000 /yr | |
| 405 | Studio | 415 sqft | AED 353KAED 353,000 · Oct 2016October 2016 | 50,000 /yr | |
| 406 | Studio | 422 sqft | AED 357KAED 357,000 · Oct 2016October 2016 | 48,000 /yr | |
| 407 | 1-bed | 782 sqft | AED 548KAED 548,000 · Nov 2023November 2023 | 50,000 /yr | |
| 408 | 1-bed | 819 sqft | AED 866KAED 866,000 · Sep 2023September 2023 | 60,000 /yr | |
| 409 | Studio | 469 sqft | AED 398KAED 398,000 · Jul 2017July 2017 | 28,500 /yr | |
| 410 | Studio | 464 sqft | AED 395KAED 395,000 · Jul 2017July 2017 | 40,000 /yr | |
| 411 | 1-bed | 721 sqft | AED 500KAED 500,000 · May 2023May 2023 | 54,000 /yr | |
| 412 | 1-bed | 706 sqft | AED 560KAED 560,000 · Jan 2024January 2024 | 60,000 /yr | |
| 413 | 1-bed | 882 sqft | AED 710KAED 710,000 · Aug 2025August 2025 | 65,000 /yr | |
| 414 | 1-bed | 881 sqft | AED 608KAED 607,834 · Nov 2023November 2023 | 81,000 /yr |
402, May Residence Tower 3 in numbers
- Sold once: by May Real Estate Development on 9 November 2023 for AED 565,000, or AED 659 per sqft.
- Rented since October 2021 on 5 Ejari contracts, from AED 33,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2023 price is 11.5%, before a service charge of about AED 13,500 a year (AED 15.72 per sqft).
- One-beds in May Residence Tower 3 sold for AED 600,000–875,000 in the 12 months to November 2026; the building's median across all types is AED 781 per sqft.
Source: Dubai Land Department. Updated 15 December 2025.
Questions about 402, May Residence Tower 3
What did unit 402 last sell for?
AED 565,000 on 9 November 2023, sold by the developer: AED 659 per sqft for 857 sqft. It is the only registered sale of the unit.
What is the rent for unit 402?
AED 65,000 a year on the contract signed on 15 December 2025. The previous contract, from December 2024, was AED 60,000; the unit has been rented since October 2021.
How big is unit 402?
857 sqft (79.6 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2019.
What is unit 402 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 3 sold for AED 600,000 to 875,000 in the last 12 months, around AED 699 per sqft.
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Mortgage on 402, May Residence Tower 3
Starts from the last sale price (AED 565K, 9 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 565,000
- Deposit, UAE resident (20%)
- AED 113,000
- Deposit, non-resident (40%)
- AED 226,000
- Monthly over 25 years at 3.7%
- AED 2,312
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →