505, May Residence Tower 3
Sold prices and rental history: sold once, by the developer in May 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 505, May Residence Tower 3
What is 505 worth today?
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Source: Dubai Land Department. Updated 20 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 415 sqft
- Floor
- 5th of 5
- Parking
- G-83
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 6,500 /yr
- Last sold
- AED 357K · May 2016
- Building
- May Residence Tower 3
About 505, May Residence Tower 3
505 is a studio of 415 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. The developer sold it on 31 May 2016 for AED 357,000, or AED 859 per sqft, in line with the AED 853 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 20 January 2026, is AED 50,000 a year: a gross yield of 14.0% on the 2016 price, before the service charge of about AED 6,500 a year.
Sales and rents for 505 over time
505 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 505 sits
All 28 studios →505 last sold in May 2016 at AED 859 per sqft, in line with what studios in May Residence Tower 3 were fetching at the time (AED 853). 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. 505's AED 50,000 is at the top 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 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 | |
| 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 | |
| 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 |
505, May Residence Tower 3 in numbers
- Sold once: by May Real Estate Development on 31 May 2016 for AED 357,000, or AED 859 per sqft.
- Rented since February 2020 on 7 Ejari contracts. The rent fell from AED 26,500 to AED 21,000 in 2021 and recovered to AED 50,000 by January 2026.
- At AED 50,000 a year the gross yield on the 2016 price is 14.0%, before a service charge of about AED 6,500 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 20 January 2026.
Questions about 505, May Residence Tower 3
What did unit 505 last sell for?
AED 357,000 on 31 May 2016, sold by the developer: AED 859 per sqft for 415 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 50,000 a year on the contract signed on 20 January 2026. The previous contract, from October 2024, was AED 42,000; the unit has been rented since February 2020.
How big is unit 505?
415 sqft (38.6 sqm): a studio on the 5th floor of a 5-storey tower completed in 2019.
What is unit 505 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 505, May Residence Tower 3
Starts from the last sale price (AED 357K, 31 May 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 →