509, May Residence Tower 3
Sold prices and rental history: sold twice, last in August 2024, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, May Residence Tower 3
What is 509 worth today?
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Source: Dubai Land Department. Updated 21 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 768 sqft
- Floor
- 5th of 5
- Parking
- B-111
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 12,100 /yr
- Last sold
- AED 565K · August 2024
- Building
- May Residence Tower 3
About 509, May Residence Tower 3
509 is a one-bedroom apartment of 768 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 21 August 2024 for AED 565,000, or AED 735 per sqft, 5% above the AED 702 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 25 October 2021. The current contract, signed on 25 October 2021, is AED 30,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 12,100 a year.
Sales and rents for 509 over time
509 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 509 sits
All 38 1-beds →509 last sold in August 2024 at AED 735 per sqft, 5% above what one-beds in May Residence Tower 3 were fetching at the time (AED 702). 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. 509's AED 30,000 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 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 | |
| 508 | 1-bed | 818 sqft | AED 650KAED 650,000 · Sep 2024September 2024 | 32,000 /yr | |
| 510 | 1-bed | 756 sqft | AED 551KAED 550,720 · Sep 2023September 2023 | 32,000 /yr |
509, May Residence Tower 3 in numbers
- Sold twice: first on 24 November 2023 for AED 565,000, last on 21 August 2024 for AED 565,000 (AED 735 per sqft).
- Rented since October 2021 on one Ejari contract, at AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 12,100 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 21 August 2024.
Questions about 509, May Residence Tower 3
What did unit 509 last sell for?
AED 565,000 on 21 August 2024: AED 735 per sqft for 768 sqft. The unit has 2 registered sales; the first was AED 565,000 in November 2023.
What is the rent for unit 509?
AED 30,000 a year on the contract signed on 25 October 2021.
How big is unit 509?
768 sqft (71.3 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 509 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.
Selling 509? Put it on the OpenOffers board
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Mortgage on 509, May Residence Tower 3
Starts from the last sale price (AED 565K, 21 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 565,000
- Deposit, UAE resident (20%)
- AED 113,000
- Deposit, non-resident (40%)
- AED 226,000
- Monthly over 25 years at 3.7%
- AED 2,312
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →