Unit 504, May Residence 1: what it sold for and what it is worth now

Unit 504 at May Residence 1 is a studio of 513 sq ft. It last sold for AED 485,000 on 21 Jan 2026. At AED 970 per sq ft, from 4 sales in the building in the last 24 months (studio), it is worth about AED 498,000 today.

Value todayAED 498,000AED 471,000 to AED 525,000
Last saleAED 485,00021 Jan 2026 · Resale
Change since last sale+2.7%Building trend alone: AED 485,000
Rent (median asking, studio)AED 39,000Gross yield 7.8%
Bedroomsstudio
Size513 sq ft
Floor5 (from the unit number)
Position in the towerStack 04: units ending 04 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 504

DatePriceSizeAED/sq ftType
21 Jan 2026AED 485,000513 sq ft945Resale
1 Apr 2024AED 350,000513 sq ft682Resale

Units ending 04 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30420 Feb 2026AED 700,000928 sq ft754Resale
4041 Apr 2024AED 600,000928 sq ft647Resale
2044 Mar 2024AED 750,000928 sq ft808Resale
10413 Feb 2024AED 631,380928 sq ft680Resale
30430 Jan 2024AED 900,000928 sq ft970Resale

Latest studio sales in May Residence 1

UnitDatePriceSizeAED/sq ftType
4092 Apr 2025AED 440,000524 sq ft840Resale
41213 Dec 2024AED 395,000397 sq ft995Resale
11210 Dec 2024AED 440,000397 sq ft1,108Resale
10929 Apr 2024AED 750,000764 sq ft982Resale
4101 Apr 2024AED 300,000495 sq ft606Resale
5081 Apr 2024AED 350,000523 sq ft669Resale
4091 Apr 2024AED 300,000524 sq ft573Resale
2091 Apr 2024AED 400,000524 sq ft763Resale

How we worked out the value

We took the 4 sales in May Residence 1 in the last 24 months (studio), worked out the price per sq ft of each, and used the middle value (AED 970). We multiplied it by the size of this unit (513 sq ft). The range uses the middle half of those sales (AED 919 to AED 1,023 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 485,000. 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 504 at May Residence 1 worth?

About AED 498,000 (range AED 471,000 to AED 525,000), based on AED 970 per sq ft from registered sales up to 10 Jul 2026.

When did unit 504 last sell?

21 Jan 2026, for AED 485,000 (resale). It has 2 registered sales.

What rent can unit 504 make?

A studio in May Residence 1 rents for about AED 39,000 a year (median asking rent). That is a gross yield of 7.8% on the estimate.

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

Unit 503 · Unit 505