Unit 509, May Residence 1: what it sold for and what it is worth now

Unit 509 at May Residence 1 is a 1 bed of 1,341 sq ft. It last sold for AED 844,741 on 22 Oct 2024. At AED 858 per sq ft, from 5 sales in the building in the last 12 months (1 bed), it is worth about AED 1,150,000 today.

Value todayAED 1,150,000AED 1,012,000 to AED 1,173,000
Last saleAED 844,74122 Oct 2024 · Resale
Change since last sale+36.1%Building trend alone: AED 940,791
Rent (median asking, 1 bed)AED 55,000Gross yield 4.8%
Bedrooms1 bed
Size1,341 sq ft
Floor5 (from the unit number)
Position in the towerStack 09: units ending 09 share the same layout and view
BuildingMay Residence 1 by May Real Estate Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 509

DatePriceSizeAED/sq ftType
22 Oct 2024AED 844,7411,341 sq ft630Resale

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
4092 Apr 2025AED 440,000524 sq ft840Resale
10929 Apr 2024AED 750,000764 sq ft982Resale
4091 Apr 2024AED 300,000524 sq ft573Resale
2091 Apr 2024AED 400,000524 sq ft763Resale
30925 Jan 2024AED 400,000524 sq ft763Resale

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
5057 May 2025AED 680,000760 sq ft895Resale
40530 Apr 2025AED 675,000758 sq ft891Resale

How we worked out the value

We took the 5 sales in May Residence 1 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 858). We multiplied it by the size of this unit (1,341 sq ft). The range uses the middle half of those sales (AED 754 to AED 875 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 940,791. 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 509 at May Residence 1 worth?

About AED 1,150,000 (range AED 1,012,000 to AED 1,173,000), based on AED 858 per sq ft from registered sales up to 10 Jul 2026.

When did unit 509 last sell?

22 Oct 2024, for AED 844,741 (resale). It has 1 registered sale.

What rent can unit 509 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 4.8% on the estimate.

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

Unit 508 · Unit 510