502, May Residence Tower 5
Sold prices and rental history: sold once, by the developer in December 2018, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, May Residence Tower 5
What is 502 worth today?
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Source: Dubai Land Department. Updated 1 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,848 sqft
- Floor
- 5th of 5
- Parking
- G-22
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 28,000 /yr
- Last sold
- AED 1.15M · December 2018
- Building
- May Residence Tower 5
About 502, May Residence Tower 5
502 is a two-bedroom apartment of 1,848 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. The developer sold it on 26 December 2018 for AED 1,150,000, or AED 622 per sqft.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 77,000 a year: a gross yield of 6.7% on the 2018 price, before the service charge of about AED 28,000 a year.
2-beds in May Residence Tower 5, and where 502 sits
All 2 2-beds →| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 May 20258 May 2025 | 1,737 sqft | 1,300,000 | 748 | ||
| 10 Sep 202310 September 2023 | 1,737 sqft | 1,215,578 | 699 |
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 | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 903 sqft | AED 623KAED 623,353 · Mar 2024March 2024 | 62,000 /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 |
502, May Residence Tower 5 in numbers
- Sold once: by May Real Estate Development on 26 December 2018 for AED 1,150,000, or AED 622 per sqft.
- Rented since June 2020 on 6 Ejari contracts, from AED 60,000 to AED 77,000 a year.
- At AED 77,000 a year the gross yield on the 2018 price is 6.7%, before a service charge of about AED 28,000 a year (AED 15.14 per sqft).
Source: Dubai Land Department. Updated 1 November 2025.
Questions about 502, May Residence Tower 5
What did unit 502 last sell for?
AED 1,150,000 on 26 December 2018, sold by the developer: AED 622 per sqft for 1,848 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 77,000 a year on the contract renewed on 1 November 2025. The previous contract, from November 2024, was AED 77,000; the unit has been rented since June 2020.
How big is unit 502?
1,848 sqft (171.7 sqm): a two-bedroom apartment on the 5th floor of a 5-storey tower completed in 2019.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 502, May Residence Tower 5
Starts from the last sale price (AED 1.15M, 26 December 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,000
- Deposit, UAE resident (20%)
- AED 230,000
- Deposit, non-resident (40%)
- AED 460,000
- Monthly over 25 years at 3.7%
- AED 4,705
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →