407, May Residence Tower 5
Sold prices and rental history: sold once, by the developer in February 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, May Residence Tower 5
What is 407 worth today?
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Source: Dubai Land Department. Updated 15 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 768 sqft
- Floor
- 4th of 5
- Parking
- B-127
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 11,600 /yr
- Last sold
- AED 565K · February 2024
- Building
- May Residence Tower 5
About 407, May Residence Tower 5
407 is a one-bedroom apartment of 768 sqft on the 4th 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 8 February 2024 for AED 565,000, or AED 735 per sqft, 8% above the AED 678 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 15 April 2025, is AED 58,000 a year: a gross yield of 10.3% on the 2024 price, before the service charge of about AED 11,600 a year.
Sales and rents for 407 over time
407 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 407 sits
All 47 1-beds →407 last sold in February 2024 at AED 735 per sqft, 8% above what one-beds in May Residence Tower 5 were fetching at the time (AED 678). 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. 407's AED 58,000 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 4th floor
All 63 units in May Residence Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 903 sqft | AED 606KAED 605,700 · Nov 2023November 2023 | 53,000 /yr | |
| 402 | 1-bed | 921 sqft | AED 692KAED 692,000 · Mar 2024March 2024 | 55,000 /yr | |
| 403 | 1-bed | 899 sqft | AED 625KAED 625,000 · Feb 2025February 2025 | 49,675 /yr | |
| 404 | 1-bed | 928 sqft | AED 306KAED 306,402 · Feb 2023February 2023 | 72,000 /yr | |
| 405 | 1-bed | 758 sqft | AED 548KAED 547,696 · Sep 2023September 2023 | 74,400 /yr | |
| 406 | 1-bed | 927 sqft | AED 735KAED 735,000 · Oct 2023October 2023 | 77,000 /yr | |
| 408 | 1-bed | 868 sqft | AED 710KAED 710,000 · Sep 2025September 2025 | 75,000 /yr | |
| 409 | Studio | 523 sqft | AED 424KAED 424,000 · Apr 2017April 2017 | 38,000 /yr | |
| 410 | Studio | 495 sqft | AED 413KAED 413,000 · Oct 2016October 2016 | 38,000 /yr | |
| 411 | 1-bed | 907 sqft | AED 640KAED 640,000 · Nov 2023November 2023 | 63,000 /yr | |
| 412 | Studio | 397 sqft | AED 415KAED 415,000 · Feb 2024February 2024 | 43,000 /yr | |
| 413 | 1-bed | 898 sqft | AED 610KAED 610,151 · Apr 2023April 2023 | 65,000 /yr |
407, May Residence Tower 5 in numbers
- Sold once: by May Real Estate Development on 8 February 2024 for AED 565,000, or AED 735 per sqft.
- Rented since January 2022 on 5 Ejari contracts, from AED 32,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2024 price is 10.3%, before a service charge of about AED 11,600 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 15 April 2025.
Questions about 407, May Residence Tower 5
What did unit 407 last sell for?
AED 565,000 on 8 February 2024, sold by the developer: AED 735 per sqft for 768 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 58,000 a year on the contract renewed on 15 April 2025. The previous contract, from April 2025, was AED 58,000; the unit has been rented since January 2022.
How big is unit 407?
768 sqft (71.3 sqm): a one-bedroom apartment on the 4th floor of a 5-storey tower completed in 2019.
What is unit 407 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 407, May Residence Tower 5
Starts from the last sale price (AED 565K, 8 February 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 →