Unit 507, May Residence 1: what it sold for and what it is worth now

Unit 507 at May Residence 1 is a 2 bed of 1,733 sq ft. It last sold for AED 1,092,054 on 1 Aug 2024. At AED 741 per sq ft, from 4 sales of units ending 07 (same position in the tower), it is worth about AED 1,284,000 today.

Value todayAED 1,284,000AED 1,119,000 to AED 1,446,000
Last saleAED 1,092,0541 Aug 2024 · Resale
Change since last sale+17.6%Building trend alone: AED 1,349,502
Bedrooms2 bed
Size1,733 sq ft
Floor5 (from the unit number)
Position in the towerStack 07: units ending 07 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 507

DatePriceSizeAED/sq ftType
1 Aug 2024AED 1,092,0541,733 sq ft630Resale
20 May 2024AED 1,092,0541,733 sq ft630Resale

Units ending 07 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10722 Nov 2024AED 700,0001,076 sq ft651Resale
30719 Nov 2024AED 650,000770 sq ft844Resale
40724 Sep 2024AED 640,000770 sq ft831Resale
40725 Jan 2024AED 500,604770 sq ft650Resale
30723 Jan 2024AED 500,604770 sq ft650Resale
20723 Jan 2024AED 500,604770 sq ft650Resale

Latest 2 bed sales in May Residence 1

UnitDatePriceSizeAED/sq ftType
50224 Feb 2025AED 1,700,0001,847 sq ft920Resale
50216 May 2024AED 1,070,2801,847 sq ft579Resale

How we worked out the value

We took the 4 resale sales of units ending 07 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 741). We multiplied it by the size of this unit (1,733 sq ft). The range uses the middle half of those sales (AED 645 to AED 834 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,349,502. 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 507 at May Residence 1 worth?

About AED 1,284,000 (range AED 1,119,000 to AED 1,446,000), based on AED 741 per sq ft from registered sales up to 10 Jul 2026.

When did unit 507 last sell?

1 Aug 2024, for AED 1,092,054 (resale). It has 2 registered sales.

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

Unit 506 · Unit 508