Unit 502, May Residence 1: what it sold for and what it is worth now

Unit 502 at May Residence 1 is a 2 bed of 1,847 sq ft. It last sold for AED 1,700,000 on 24 Feb 2025. At AED 840 per sq ft, from 21 sales in the building in the last 24 months, it is worth about AED 1,551,000 today.

Value todayAED 1,551,000AED 1,202,000 to AED 1,645,000
Last saleAED 1,700,00024 Feb 2025 · Resale
Change since last sale-8.8%Building trend alone: AED 1,762,347
Bedrooms2 bed
Size1,847 sq ft
Floor5 (from the unit number)
Position in the towerStack 02: units ending 02 share the same layout and view
BuildingMay Residence 1 by May Real Estate Development, handed over 2019
Registered sales of this unit2

Every registered sale of unit 502

DatePriceSizeAED/sq ftType
24 Feb 2025AED 1,700,0001,847 sq ft920Resale
16 May 2024AED 1,070,2801,847 sq ft579Resale

Units ending 02 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30222 Dec 2025AED 670,000922 sq ft727Resale
4024 Mar 2024AED 663,638922 sq ft720Resale
10223 Jan 2024AED 645,200921 sq ft701Resale
30227 Dec 2023AED 660,000922 sq ft716Resale
20225 Dec 2023AED 645,200922 sq ft700Resale

Latest 2 bed sales in May Residence 1

UnitDatePriceSizeAED/sq ftType
5071 Aug 2024AED 1,092,0541,733 sq ft630Resale
50720 May 2024AED 1,092,0541,733 sq ft630Resale

How we worked out the value

We took the 21 sales in May Residence 1 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 840). We multiplied it by the size of this unit (1,847 sq ft). The range uses the middle half of those sales (AED 651 to AED 891 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,762,347. Floor, view, condition and upgrades can move the price either way. Sales data to 10 Jul 2026, from the Dubai Land Department register.

Questions

What is unit 502 at May Residence 1 worth?

About AED 1,551,000 (range AED 1,202,000 to AED 1,645,000), based on AED 840 per sq ft from registered sales up to 10 Jul 2026.

When did unit 502 last sell?

24 Feb 2025, for AED 1,700,000 (resale). It has 2 registered sales.

Sales alert for May Residence 1All sales in May Residence 1

Unit 501 · Unit 503