Unit 505, May Residence 1: what it sold for and what it is worth now

Unit 505 at May Residence 1 is a 1 bed of 760 sq ft. It last sold for AED 680,000 on 7 May 2025. At AED 877 per sq ft, from 5 sales of units ending 05 (same position in the tower), it is worth about AED 667,000 today.

Value todayAED 667,000AED 652,000 to AED 677,000
Last saleAED 680,0007 May 2025 · Resale
Change since last sale-1.9%Building trend alone: AED 697,654
Rent (median asking, 1 bed)AED 55,000Gross yield 8.2%
Bedrooms1 bed
Size760 sq ft
Floor5 (from the unit number)
Position in the towerStack 05: units ending 05 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 505

DatePriceSizeAED/sq ftType
7 May 2025AED 680,000760 sq ft895Resale
25 Jan 2024AED 495,375760 sq ft652Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30510 Jul 2026AED 650,000758 sq ft858Resale
20527 Jan 2026AED 665,000758 sq ft877Resale
10515 May 2025AED 600,0001,066 sq ft563Resale
40530 Apr 2025AED 675,000758 sq ft891Resale
30512 Feb 2024AED 563,500758 sq ft743Resale
40525 Jan 2024AED 492,908758 sq ft650Resale
20527 Dec 2023AED 568,740758 sq ft750Resale

Latest 1 bed sales in May Residence 1

UnitDatePriceSizeAED/sq ftType
30510 Jul 2026AED 650,000758 sq ft858Resale
30420 Feb 2026AED 700,000928 sq ft754Resale
30612 Feb 2026AED 810,775927 sq ft875Resale
20527 Jan 2026AED 665,000758 sq ft877Resale
30222 Dec 2025AED 670,000922 sq ft727Resale
10515 May 2025AED 600,0001,066 sq ft563Resale
40530 Apr 2025AED 675,000758 sq ft891Resale
1014 Mar 2025AED 660,0001,242 sq ft531Resale

How we worked out the value

We took the 5 resale sales of units ending 05 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 877). We multiplied it by the size of this unit (760 sq ft). The range uses the middle half of those sales (AED 858 to AED 891 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 697,654. 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 505 at May Residence 1 worth?

About AED 667,000 (range AED 652,000 to AED 677,000), based on AED 877 per sq ft from registered sales up to 10 Jul 2026.

When did unit 505 last sell?

7 May 2025, for AED 680,000 (resale). It has 2 registered sales.

What rent can unit 505 make?

A 1 bed in May Residence 1 rents for about AED 55,000 a year (median asking rent). That is a gross yield of 8.2% on the estimate.

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

Unit 504 · Unit 506