407, May Residence Tower 3
Sold prices and rental history: sold once, by the developer in November 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 407, May Residence Tower 3
What is 407 worth today?
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Source: Dubai Land Department. Updated 31 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 782 sqft
- Floor
- 4th of 5
- Parking
- B-66
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 12,300 /yr
- Last sold
- AED 548K · November 2023
- Building
- May Residence Tower 3
About 407, May Residence Tower 3
407 is a one-bedroom apartment of 782 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 23 November 2023 for AED 548,000, or AED 701 per sqft, in line with the AED 693 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 31 December 2025, is AED 50,000 a year: a gross yield of 9.1% on the 2023 price, before the service charge of about AED 12,300 a year.
Sales and rents for 407 over time
407 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 407 sits
All 38 1-beds →407 last sold in November 2023 at AED 701 per sqft, in line with what one-beds in May Residence Tower 3 were fetching at the time (AED 693). 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. 407's AED 50,000 is at the bottom 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
- 10.5%
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 | |
| 406 | Studio | 422 sqft | AED 357KAED 357,000 · Oct 2016October 2016 | 48,000 /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 |
407, May Residence Tower 3 in numbers
- Sold once: by May Real Estate Development on 23 November 2023 for AED 548,000, or AED 701 per sqft.
- Rented since January 2022 on 5 Ejari contracts, from AED 31,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2023 price is 9.1%, before a service charge of about AED 12,300 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 31 December 2025.
Questions about 407, May Residence Tower 3
What did unit 407 last sell for?
AED 548,000 on 23 November 2023, sold by the developer: AED 701 per sqft for 782 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 50,000 a year on the contract renewed on 31 December 2025. The previous contract, from December 2024, was AED 50,000; the unit has been rented since January 2022.
How big is unit 407?
782 sqft (72.7 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2019.
What is unit 407 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 407, May Residence Tower 3
Starts from the last sale price (AED 548K, 23 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 548,000
- Deposit, UAE resident (20%)
- AED 109,600
- Deposit, non-resident (40%)
- AED 219,200
- Monthly over 25 years at 3.7%
- AED 2,242
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →