501, May Residence Tower 5
Sold prices and rental history: sold twice, last in March 2024, 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 501, May Residence Tower 5
What is 501 worth today?
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Source: Dubai Land Department. Updated 21 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 903 sqft
- Floor
- 5th of 5
- Parking
- B-84
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 13,700 /yr
- Last sold
- AED 623K · March 2024
- Building
- May Residence Tower 5
About 501, May Residence Tower 5
501 is a one-bedroom apartment of 903 sqft on the 5th floor of May Residence Tower 5, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2019 by May Real Estate Development. It last sold on 5 March 2024 for AED 623,353, or AED 689 per sqft, in line with the AED 700 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 21 February 2025, is AED 62,000 a year: a gross yield of 10.0% on the 2024 price, before the service charge of about AED 13,700 a year.
Sales and rents for 501 over time
501 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 5, and where 501 sits
All 47 1-beds →501 last sold in March 2024 at AED 689 per sqft, in line with what one-beds in May Residence Tower 5 were fetching at the time (AED 700). 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. 501's AED 62,000 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 5th floor
All 63 units in May Residence Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 2-bed | 1,848 sqft | AED 1.15MAED 1,150,000 · Dec 2018December 2018 | 77,000 /yr | |
| 503 | 1-bed | 899 sqft | AED 620KAED 620,000 · Jul 2025July 2025 | 55,000 /yr | |
| 504 | Studio | 513 sqft | AED 480KAED 480,000 · Jul 2025July 2025 | 33,500 /yr | |
| 505 | 1-bed | 759 sqft | AED 600KAED 600,000 · Feb 2024February 2024 | 54,000 /yr | |
| 506 | 1-bed | 767 sqft | AED 690KAED 690,000 · Jun 2025June 2025 | 62,000 /yr | |
| 507 | 2-bed | 1,737 sqft | AED 1.3MAED 1,300,000 · May 2025May 2025 | 100,000 /yr | |
| 508 | Studio | 524 sqft | AED 429KAED 429,000 · Apr 2017April 2017 | 45,000 /yr | |
| 509 | 1-bed | 898 sqft | AED 780KAED 780,000 · Jan 2026January 2026 | 73,200 /yr |
501, May Residence Tower 5 in numbers
- Sold twice: first on 10 November 2023 for AED 515,252, last on 5 March 2024 for AED 623,353 (AED 689 per sqft).
- Rented since May 2021 on 5 Ejari contracts, from AED 35,000 to AED 62,000 a year.
- At AED 62,000 a year the gross yield on the 2024 price is 10.0%, before a service charge of about AED 13,700 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 21 February 2025.
Questions about 501, May Residence Tower 5
What did unit 501 last sell for?
AED 623,353 on 5 March 2024: AED 689 per sqft for 903 sqft. The unit has 2 registered sales; the first was AED 515,252 in November 2023.
What is the rent for unit 501?
AED 62,000 a year on the contract signed on 21 February 2025. The previous contract, from February 2025, was AED 62,000; the unit has been rented since May 2021.
How big is unit 501?
903 sqft (83.9 sqm): a one-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 501 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 501, May Residence Tower 5
Starts from the last sale price (AED 623K, 5 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 623,353
- Deposit, UAE resident (20%)
- AED 124,671
- Deposit, non-resident (40%)
- AED 249,341
- Monthly over 25 years at 3.7%
- AED 2,550
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →