503, May Residence Tower 3
Sold prices and rental history: sold twice, last in January 2026, 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 503, May Residence Tower 3
What is 503 worth today?
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Source: Dubai Land Department. Updated 9 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 421 sqft
- Floor
- 5th of 5
- Parking
- G-81
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 6,600 /yr
- Last sold
- AED 500K · January 2026
- Building
- May Residence Tower 3
About 503, May Residence Tower 3
503 is a studio of 421 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 9 January 2026 for AED 500,000, or AED 1,186 per sqft, 8% above the AED 1,102 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 29 July 2025, is AED 48,000 a year: a gross yield of 9.6% on the 2026 price, before the service charge of about AED 6,600 a year.
Sales and rents for 503 over time
503 has sold twice; 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 503 sits
All 28 studios →503 last sold in January 2026 at AED 1,186 per sqft, 8% above what studios in May Residence Tower 3 were fetching at the time (AED 1,102). 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. 503'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 | ||
| 7 Aug 20257 August 2025 | 426 sqft | 470,000 | 1,102 | ||
| 22 Apr 202522 April 2025 | 464 sqft | 440,000 | 947 |
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 | |
| 502 | 1-bed | 856 sqft | AED 650KAED 650,000 · Apr 2025April 2025 | 62,000 /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 |
503, May Residence Tower 3 in numbers
- Sold twice: first on 31 May 2016 for AED 360,000, last on 9 January 2026 for AED 500,000 (AED 1,186 per sqft).
- Rented since January 2020 on 7 Ejari contracts, from AED 25,200 to AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2026 price is 9.6%, 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 9 January 2026.
Questions about 503, May Residence Tower 3
What did unit 503 last sell for?
AED 500,000 on 9 January 2026: AED 1,186 per sqft for 421 sqft. The unit has 2 registered sales; the first was AED 360,000 in May 2016.
What is the rent for unit 503?
AED 48,000 a year on the contract renewed on 29 July 2025. The previous contract, from July 2024, was AED 45,000; the unit has been rented since January 2020.
How big is unit 503?
421 sqft (39.1 sqm): a studio on the 5th floor of a 5-storey tower completed in 2019.
What is unit 503 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 503, May Residence Tower 3
Starts from the last sale price (AED 500K, 9 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →