508, May Residence Tower 3
Sold prices and rental history: sold twice, last in September 2024, and rented once, from March 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, May Residence Tower 3
What is 508 worth today?
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Source: Dubai Land Department. Updated 17 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 818 sqft
- Floor
- 5th of 5
- Parking
- B-110
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 12,900 /yr
- Last sold
- AED 650K · September 2024
- Building
- May Residence Tower 3
About 508, May Residence Tower 3
508 is a one-bedroom apartment of 818 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 17 September 2024 for AED 650,000, or AED 794 per sqft, 13% above the AED 701 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 March 2022. The current contract, signed on 1 March 2022, is AED 32,000 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 12,900 a year.
Sales and rents for 508 over time
508 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 508 sits
All 38 1-beds →508 last sold in September 2024 at AED 794 per sqft, 13% above what one-beds in May Residence Tower 3 were fetching at the time (AED 701). 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. 508's AED 32,000 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
- 10.3%
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 | |
| 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 | |
| 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 |
508, May Residence Tower 3 in numbers
- Sold twice: first on 19 December 2023 for AED 574,448, last on 17 September 2024 for AED 650,000 (AED 794 per sqft).
- Rented since March 2022 on one Ejari contract, at AED 32,000 a year.
- At AED 32,000 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 12,900 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 17 September 2024.
Questions about 508, May Residence Tower 3
What did unit 508 last sell for?
AED 650,000 on 17 September 2024: AED 794 per sqft for 818 sqft. The unit has 2 registered sales; the first was AED 574,448 in December 2023.
What is the rent for unit 508?
AED 32,000 a year on the contract signed on 1 March 2022.
How big is unit 508?
818 sqft (76.0 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 508 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 508, May Residence Tower 3
Starts from the last sale price (AED 650K, 17 September 2024). 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 →