G02, May Residence Tower 5
Sold prices and rental history: sold once, by the developer in December 2023, 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 G02, May Residence Tower 5
What is G02 worth today?
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Source: Dubai Land Department. Updated 2 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 954 sqft
- Floor
- Ground of 5
- Parking
- G-102
- Developer
- May Real Estate Development
- Completed
- 2019
- Service charge
- AED 14,500 /yr
- Last sold
- AED 2M · December 2023
- Building
- May Residence Tower 5
About G02, May Residence Tower 5
G02 is a one-bedroom apartment of 954 sqft on the ground 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 25 December 2023 for AED 2,000,000, or AED 2,095 per sqft, 211% above the AED 674 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 2 May 2025, is AED 156,923 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 14,500 a year.
Sales and rents for G02 over time
G02 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 G02 sits
All 47 1-beds →G02 last sold in December 2023 at AED 2,095 per sqft, 211% above what one-beds in May Residence Tower 5 were fetching at the time (AED 674). 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. G02's AED 156,923 is at the top 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 ground floor
All 63 units in May Residence Tower 5| ValueToday's value | |||||
|---|---|---|---|---|---|
| G01 | 1-bed | 2,510 sqft | AED 610KAED 610,185 · Apr 2024April 2024 | 50,000 /yr |
G02, May Residence Tower 5 in numbers
- Sold once: by May Real Estate Development on 25 December 2023 for AED 2,000,000, or AED 2,095 per sqft.
- Rented since June 2020 on 4 Ejari contracts, from AED 70,000 to AED 156,923 a year.
- At AED 156,923 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 14,500 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 2 May 2025.
Questions about G02, May Residence Tower 5
What did unit G02 last sell for?
AED 2,000,000 on 25 December 2023, sold by the developer: AED 2,095 per sqft for 954 sqft. It is the only registered sale of the unit.
What is the rent for unit G02?
AED 156,923 a year on the contract signed on 2 May 2025. The previous contract, from November 2021, was AED 78,750; the unit has been rented since June 2020.
How big is unit G02?
954 sqft (88.6 sqm): a one-bedroom apartment on the ground floor of a 5-storey tower completed in 2019.
What is unit G02 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 G02, May Residence Tower 5
Starts from the last sale price (AED 2M, 25 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →