Unit 508 at May Residence 1 is a studio of 523 sq ft. It last sold for AED 350,000 on 1 Apr 2024. At AED 970 per sq ft, from 4 sales in the building in the last 24 months (studio), it is worth about AED 507,000 today.
| Bedrooms | studio |
|---|---|
| Size | 523 sq ft |
| Floor | 5 (from the unit number) |
| Position in the tower | Stack 08: units ending 08 share the same layout and view |
| Building | May Residence 1 by May Real Estate Development, handed over 2019 |
| Registered sales of this unit | 1 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 1 Apr 2024 | AED 350,000 | 523 sq ft | 669 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 108 | 30 Apr 2024 | AED 675,000 | 868 sq ft | 778 | Resale |
| 308 | 9 Feb 2024 | AED 588,630 | 868 sq ft | 678 | Resale |
| 208 | 26 Dec 2023 | AED 600,000 | 868 sq ft | 691 | Resale |
| 408 | 25 Dec 2023 | AED 607,453 | 868 sq ft | 700 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 504 | 21 Jan 2026 | AED 485,000 | 513 sq ft | 945 | Resale |
| 409 | 2 Apr 2025 | AED 440,000 | 524 sq ft | 840 | Resale |
| 412 | 13 Dec 2024 | AED 395,000 | 397 sq ft | 995 | Resale |
| 112 | 10 Dec 2024 | AED 440,000 | 397 sq ft | 1,108 | Resale |
| 109 | 29 Apr 2024 | AED 750,000 | 764 sq ft | 982 | Resale |
| 410 | 1 Apr 2024 | AED 300,000 | 495 sq ft | 606 | Resale |
| 504 | 1 Apr 2024 | AED 350,000 | 513 sq ft | 682 | Resale |
| 409 | 1 Apr 2024 | AED 300,000 | 524 sq ft | 573 | Resale |
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 (523 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 427,476. Floor, view, condition and upgrades can move the price either way. Sales data to 10 Jul 2026, from the Dubai Land Department register.
About AED 507,000 (range AED 481,000 to AED 535,000), based on AED 970 per sq ft from registered sales up to 10 Jul 2026.
1 Apr 2024, for AED 350,000 (resale). It has 1 registered sale.
A studio in May Residence 1 rents for about AED 39,000 a year (median asking rent). That is a gross yield of 7.7% on the estimate.