502, May Residence Tower 3
Sold prices and rental history: sold twice, last in April 2025, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, May Residence Tower 3
What is 502 worth today?
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Source: Dubai Land Department. Updated 3 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 856 sqft
- Floor
- 5th of 5
- Parking
- B-108
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 13,500 /yr
- Last sold
- AED 650K · April 2025
- Building
- May Residence Tower 3
About 502, May Residence Tower 3
502 is a one-bedroom apartment of 856 sqft on the 5th floor of May Residence Tower 3, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2019 by May Real Estate Development. It last sold on 3 April 2025 for AED 650,000, or AED 759 per sqft, in line with the AED 740 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 10 October 2024, is AED 62,000 a year: a gross yield of 9.5% on the 2025 price, before the service charge of about AED 13,500 a year.
Sales and rents for 502 over time
502 has sold twice; 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 502 sits
All 38 1-beds →502 last sold in April 2025 at AED 759 per sqft, in line with what one-beds in May Residence Tower 3 were fetching at the time (AED 740). 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. 502's AED 62,000 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 5th floor
All 66 units in May Residence Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 845 sqft | AED 660KAED 660,000 · Aug 2026August 2026 | 55,000 /yr | |
| 503 | Studio | 421 sqft | AED 500KAED 500,000 · Jan 2026January 2026 | 48,000 /yr | |
| 504 | Studio | 426 sqft | AED 470KAED 470,000 · Aug 2025August 2025 | 45,419 /yr | |
| 505 | Studio | 415 sqft | AED 357KAED 357,000 · May 2016May 2016 | 50,000 /yr | |
| 506 | Studio | 422 sqft | AED 500KAED 500,000 · Jun 2026June 2026 | 45,000 /yr | |
| 507 | 1-bed | 782 sqft | AED 680KAED 680,000 · Apr 2025April 2025 | 53,000 /yr | |
| 508 | 1-bed | 818 sqft | AED 650KAED 650,000 · Sep 2024September 2024 | 32,000 /yr | |
| 509 | 1-bed | 768 sqft | AED 565KAED 565,000 · Aug 2024August 2024 | 30,000 /yr | |
| 510 | 1-bed | 756 sqft | AED 551KAED 550,720 · Sep 2023September 2023 | 32,000 /yr |
502, May Residence Tower 3 in numbers
- Sold twice: first on 10 December 2023 for AED 582,481, last on 3 April 2025 for AED 650,000 (AED 759 per sqft).
- Rented since November 2021 on 3 Ejari contracts, from AED 30,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2025 price is 9.5%, 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 3 April 2025.
Questions about 502, May Residence Tower 3
What did unit 502 last sell for?
AED 650,000 on 3 April 2025: AED 759 per sqft for 856 sqft. The unit has 2 registered sales; the first was AED 582,481 in December 2023.
What is the rent for unit 502?
AED 62,000 a year on the contract signed on 10 October 2024. The previous contract, from November 2022, was AED 33,000; the unit has been rented since November 2021.
How big is unit 502?
856 sqft (79.5 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 502 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 502, May Residence Tower 3
Starts from the last sale price (AED 650K, 3 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →