308, May Residence Tower 5
Sold prices and rental history: sold once, by the developer in December 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, May Residence Tower 5
What is 308 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 434 sqft
- Floor
- 3rd of 5
- Parking
- B-179
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 6,600 /yr
- Last sold
- AED 610K · December 2023
- Building
- May Residence Tower 5
About 308, May Residence Tower 5
308 is a one-bedroom apartment of 434 sqft on the 3rd floor of May Residence Tower 5, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2019 by May Real Estate Development. The developer sold it on 6 December 2023 for AED 610,000, or AED 702 per sqft, 5% above the AED 668 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 1 November 2026, is AED 60,000 a year: a gross yield of 9.8% on the 2023 price, before the service charge of about AED 6,600 a year.
Sales and rents for 308 over time
308 has sold once; 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 5, and where 308 sits
All 47 1-beds →308 last sold in December 2023 at AED 702 per sqft, 5% above what one-beds in May Residence Tower 5 were fetching at the time (AED 668). Over the last 12 months one-beds sold for AED 750,000 to 780,000, around AED 834 per sqft, and rent for AED 12,000 to 95,000 a year. 308's AED 60,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Aug 202613 August 2026 | 1,075 sqft | 750,000 | 697 | ||
| 3 Feb 20263 February 2026 | 928 sqft | 775,000 | 834 | ||
| 15 Jan 202615 January 2026 | 928 sqft | 775,000 | 834 | ||
| 9 Jan 20269 January 2026 | 898 sqft | 780,000 | 868 |
May Residence Tower 5
Building63 apartments, studios to 2-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2019 by May Real Estate Development. 5 sold in the last 12 months.
- Typical price per sqft
- AED 834
- Typical sale
- AED 775K
- Typical rent
- AED 55K /yr
- Typical yield
- 8.4%
Other units on the 3rd floor
All 63 units in May Residence Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1-bed | 903 sqft | AED 623KAED 623,070 · Mar 2024March 2024 | 60,000 /yr | |
| 302 | 1-bed | 921 sqft | AED 777KAED 777,000 · Dec 2025December 2025 | 40,000 /yr | |
| 303 | 1-bed | 899 sqft | AED 610KAED 610,000 · Mar 2024March 2024 | 62,500 /yr | |
| 304 | 1-bed | 928 sqft | AED 775KAED 775,000 · Jan 2026January 2026 | 39,000 /yr | |
| 305 | 1-bed | 758 sqft | AED 548KAED 547,696 · Sep 2023September 2023 | 72,500 /yr | |
| 306 | 1-bed | 927 sqft | AED 760KAED 760,000 · Sep 2023September 2023 | 65,000 /yr | |
| 307 | 1-bed | 768 sqft | AED 555KAED 555,000 · Feb 2024February 2024 | 65,000 /yr | |
| 309 | Studio | 523 sqft | AED 419KAED 419,000 · Apr 2017April 2017 | 45,000 /yr | |
| 310 | Studio | 495 sqft | AED 440KAED 440,000 · Mar 2025March 2025 | 38,000 /yr | |
| 311 | 1-bed | 907 sqft | AED 635KAED 635,000 · Nov 2023November 2023 | 86,250 /yr | |
| 312 | Studio | 397 sqft | AED 370KAED 370,000 · Jul 2023July 2023 | 40,000 /yr | |
| 313 | 1-bed | 898 sqft | AED 700KAED 700,000 · Jul 2025July 2025 | 62,000 /yr |
308, May Residence Tower 5 in numbers
- Sold once: by May Real Estate Development on 6 December 2023 for AED 610,000, or AED 702 per sqft.
- Rented since June 2021 on 5 Ejari contracts, from AED 32,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2023 price is 9.8%, before a service charge of about AED 6,600 a year (AED 15.14 per sqft).
- One-beds in May Residence Tower 5 sold for AED 750,000–780,000 in the 12 months to November 2026; the building's median across all types is AED 834 per sqft.
Source: Dubai Land Department. Updated 1 November 2026.
Questions about 308, May Residence Tower 5
What did unit 308 last sell for?
AED 610,000 on 6 December 2023, sold by the developer: AED 702 per sqft for 434 sqft. It is the only registered sale of the unit.
What is the rent for unit 308?
AED 60,000 a year on the contract signed on 1 November 2026. The previous contract, from October 2024, was AED 60,000; the unit has been rented since June 2021.
How big is unit 308?
434 sqft (40.3 sqm): a one-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2019.
What is unit 308 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 5 sold for AED 750,000 to 780,000 in the last 12 months, around AED 834 per sqft.
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Mortgage on 308, May Residence Tower 5
Starts from the last sale price (AED 610K, 6 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 610,000
- Deposit, UAE resident (20%)
- AED 122,000
- Deposit, non-resident (40%)
- AED 244,000
- Monthly over 25 years at 3.7%
- AED 2,496
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →