508, May Residence Tower 5
Sold prices and rental history: sold once, by the developer in April 2017, 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 508, May Residence Tower 5
What is 508 worth today?
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Source: Dubai Land Department. Updated 15 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 524 sqft
- Floor
- 5th of 5
- Parking
- G-26
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 7,900 /yr
- Last sold
- AED 429K · April 2017
- Building
- May Residence Tower 5
About 508, May Residence Tower 5
508 is a studio of 524 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 24 April 2017 for AED 429,000, or AED 819 per sqft, in line with the AED 824 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 15 February 2026, is AED 45,000 a year: a gross yield of 10.5% on the 2017 price, before the service charge of about AED 7,900 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in May Residence Tower 5, and where 508 sits
All 14 studios →508 last sold in April 2017 at AED 819 per sqft, in line with what studios in May Residence Tower 5 were fetching at the time (AED 824). 508's AED 45,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jul 202530 July 2025 | 513 sqft | 480,000 | 935 | ||
| 27 Mar 202527 March 2025 | 495 sqft | 440,000 | 889 | ||
| 11 Mar 202411 March 2024 | 495 sqft | 460,000 | 929 | ||
| 15 Feb 202415 February 2024 | 397 sqft | 415,000 | 1,045 |
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 | |
| 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 | |
| 509 | 1-bed | 898 sqft | AED 780KAED 780,000 · Jan 2026January 2026 | 73,200 /yr |
508, May Residence Tower 5 in numbers
- Sold once: by May Real Estate Development on 24 April 2017 for AED 429,000, or AED 819 per sqft.
- Rented since April 2020 on 7 Ejari contracts. The rent fell from AED 34,000 to AED 22,200 in 2021 and recovered to AED 45,000 by February 2026.
- At AED 45,000 a year the gross yield on the 2017 price is 10.5%, before a service charge of about AED 7,900 a year (AED 15.14 per sqft).
Source: Dubai Land Department. Updated 15 February 2026.
Questions about 508, May Residence Tower 5
What did unit 508 last sell for?
AED 429,000 on 24 April 2017, sold by the developer: AED 819 per sqft for 524 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 45,000 a year on the contract renewed on 15 February 2026. The previous contract, from February 2025, was AED 45,000; the unit has been rented since April 2020.
How big is unit 508?
524 sqft (48.7 sqm): a studio on the 5th floor of a 5-storey tower completed in 2019.
What is unit 508 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 508, May Residence Tower 5
Starts from the last sale price (AED 429K, 24 April 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 429,000
- Deposit, UAE resident (20%)
- AED 85,800
- Deposit, non-resident (40%)
- AED 171,600
- Monthly over 25 years at 3.7%
- AED 1,755
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →