Studio · 422 sqftMay Residence Tower 3, Jumeirah Village Circle (JVC) · 4th floor · completed 2019

404, May Residence Tower 3

Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 31 December 2025
Last soldAED 394K17 July 2016
Current rentAED 36K /yr31 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, May Residence Tower 3

What is 404 worth today?

Last sold for AED 394,000 in 2016

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31 Dec 2025RentedRenewal
AED 36,000/yr12 months · AED 85 per sqft
31 Dec 2024RentedRenewal
AED 33,000/yr12 months · AED 78 per sqft
1 Jan 2023RentedRenewal
AED 27,000/yr24 months · AED 64 per sqft
1 Jan 2022RentedNew contract
AED 24,000/yr12 months · AED 57 per sqft
20 Dec 2020RentedNew contract
AED 21,500/yr12 months · AED 51 per sqft
20 Apr 2020RentedNew contract
AED 34,000/yr3 months · AED 81 per sqft
17 Jul 2016Sold by developerOff-plan
AED 394,000AED 934 per sqft

Source: Dubai Land Department. Updated 31 December 2025.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
4th of 5
Parking
G-46
Developer
May Real Estate Development
Completed
2019
Service charge
AED 6,600 /yr
Last sold
AED 394K · July 2016

About 404, May Residence Tower 3

404 is a studio of 422 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 17 July 2016 for AED 394,000, or AED 934 per sqft, 11% above the AED 840 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 31 December 2025, is AED 36,000 a year: a gross yield of 9.1% on the 2016 price, before the service charge of about AED 6,600 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical studio in May Residence Tower 3
400K500K2016201920222025Typical sale price by year: 2016 AED 357,000; 2017 AED 393,000; 2018 AED 435,000; 2023 AED 397,500; 2026 AED 500,000Sold by developer, July 2016: AED 394,000 (AED 934 per sqft)

404 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 404, each contractTypical studio in May Residence Tower 3
20K40K2020202220242026Typical rent by year: 2020 AED 26,500; 2021 AED 22,000; 2022 AED 26,700; 2023 AED 28,750; 2024 AED 41,100; 2025 AED 43,000; 2026 AED 45,000New contract, April 2020: AED 34,000 a yearNew contract, December 2020: AED 21,500 a yearNew contract, January 2022: AED 24,000 a yearRenewal, January 2023: AED 27,000 a yearRenewal, December 2024: AED 33,000 a yearRenewal, December 2025: AED 36,000 a year

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 404 sits

All 28 studios →

404 last sold in July 2016 at AED 934 per sqft, 11% above what studios in May Residence Tower 3 were fetching at the time (AED 840). 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. 404's AED 36,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
8 Jun 2026500,000
15 Jan 2026500,000
9 Jan 2026500,000
7 Aug 2025470,000
3 studio sales in the last 12 months

May Residence Tower 3

Building

66 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
10.5%
May Residence Tower 3, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 4th floor

All 66 units in May Residence Tower 3
Value
4011-bedAED 580K · Nov 2023
4021-bedAED 565K · Nov 2023
403StudioAED 355K · May 2016
405StudioAED 353K · Oct 2016
406StudioAED 357K · Oct 2016
4071-bedAED 548K · Nov 2023
4081-bedAED 866K · Sep 2023
1–7 of 13

404, May Residence Tower 3 in numbers

  • Sold once: by May Real Estate Development on 17 July 2016 for AED 394,000, or AED 934 per sqft.
  • Rented since April 2020 on 6 Ejari contracts. The rent fell from AED 34,000 to AED 21,500 in 2020 and recovered to AED 36,000 by December 2025.
  • At AED 36,000 a year the gross yield on the 2016 price is 9.1%, before a service charge of about AED 6,600 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 31 December 2025.

Questions about 404, May Residence Tower 3

What did unit 404 last sell for?

AED 394,000 on 17 July 2016, sold by the developer: AED 934 per sqft for 422 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 36,000 a year on the contract renewed on 31 December 2025. The previous contract, from December 2024, was AED 33,000; the unit has been rented since April 2020.

How big is unit 404?

422 sqft (39.2 sqm): a studio on the 4th floor of a 5-storey tower completed in 2019.

What is unit 404 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 404, May Residence Tower 3

Starts from the last sale price (AED 394K, 17 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 394,000
Deposit, UAE resident (20%)
AED 78,800
Deposit, non-resident (40%)
AED 157,600
Monthly over 25 years at 3.7%
AED 1,612

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →