406, May Residence Tower 3
Sold prices and rental history: sold once, by the developer in October 2016, 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 406, May Residence Tower 3
What is 406 worth today?
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Source: Dubai Land Department. Updated 10 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 422 sqft
- Floor
- 4th of 5
- Parking
- G-80
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 6,600 /yr
- Last sold
- AED 357K · October 2016
- Building
- May Residence Tower 3
About 406, May Residence Tower 3
406 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 11 October 2016 for AED 357,000, or AED 846 per sqft, in line with the AED 841 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 10 November 2025, is AED 48,000 a year: a gross yield of 13.5% on the 2016 price, before the service charge of about AED 6,600 a year.
Sales and rents for 406 over time
406 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 406 sits
All 28 studios →406 last sold in October 2016 at AED 846 per sqft, in line with what studios in May Residence Tower 3 were fetching at the time (AED 841). 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. 406's AED 48,000 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 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 | |
| 402 | 1-bed | 857 sqft | AED 565KAED 565,000 · Nov 2023November 2023 | 65,000 /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 | |
| 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 |
406, May Residence Tower 3 in numbers
- Sold once: by May Real Estate Development on 11 October 2016 for AED 357,000, or AED 846 per sqft.
- Rented since March 2020 on 6 Ejari contracts. The rent fell from AED 26,500 to AED 21,600 in 2021 and recovered to AED 48,000 by November 2025.
- At AED 48,000 a year the gross yield on the 2016 price is 13.5%, 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 10 November 2025.
Questions about 406, May Residence Tower 3
What did unit 406 last sell for?
AED 357,000 on 11 October 2016, sold by the developer: AED 846 per sqft for 422 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 48,000 a year on the contract signed on 10 November 2025. The previous contract, from September 2024, was AED 45,000; the unit has been rented since March 2020.
How big is unit 406?
422 sqft (39.2 sqm): a studio on the 4th floor of a 5-storey tower completed in 2019.
What is unit 406 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 406, May Residence Tower 3
Starts from the last sale price (AED 357K, 11 October 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 357,000
- Deposit, UAE resident (20%)
- AED 71,400
- Deposit, non-resident (40%)
- AED 142,800
- Monthly over 25 years at 3.7%
- AED 1,461
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →