Unit 403, May Residence 2: what it sold for and what it is worth now

Unit 403 at May Residence 2 is a studio of 421 sq ft. It last sold for AED 405,000 on 28 May 2024. At AED 1,037 per sq ft, from 4 sales of units ending 03 (same position in the tower), it is worth about AED 437,000 today.

Value todayAED 437,000AED 422,000 to AED 462,000
Last saleAED 405,00028 May 2024 · Resale
Change since last sale+7.9%Building trend alone: AED 486,571
Rent (median asking, studio)AED 42,495Gross yield 9.7%
Bedroomsstudio
Size421 sq ft
Floor4 (from the unit number)
Position in the towerStack 03: units ending 03 share the same layout and view
BuildingMay Residence 2 by May Real Estate Development, handed over 2019
Registered sales of this unit2

Every registered sale of unit 403

DatePriceSizeAED/sq ftType
28 May 2024AED 405,000421 sq ft962Resale
12 Jun 2023AED 343,750421 sq ft817Resale

Units ending 03 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20327 Jul 2026AED 500,000421 sq ft1,188Resale
50328 Oct 2025AED 423,000421 sq ft1,005Resale
30311 Aug 2025AED 420,000421 sq ft998Resale
20330 Sep 2024AED 450,000421 sq ft1,069Resale
5037 Mar 2024AED 375,000421 sq ft891Resale
3037 Mar 2024AED 375,000421 sq ft891Resale
10325 Aug 2023AED 499,000580 sq ft860Resale
50312 Jun 2023AED 343,750421 sq ft817Resale

Latest studio sales in May Residence 2

UnitDatePriceSizeAED/sq ftType
3047 Aug 2026AED 510,000422 sq ft1,209Resale
20327 Jul 2026AED 500,000421 sq ft1,188Resale
20614 Jul 2026AED 435,000422 sq ft1,031Resale
3103 Apr 2026AED 498,000464 sq ft1,073Resale
50328 Oct 2025AED 423,000421 sq ft1,005Resale
20422 Sep 2025AED 460,000422 sq ft1,090Resale
50611 Sep 2025AED 420,000422 sq ft995Resale
4042 Sep 2025AED 470,000422 sq ft1,114Resale

How we worked out the value

We took the 4 resale sales of units ending 03 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,037). We multiplied it by the size of this unit (421 sq ft). The range uses the middle half of those sales (AED 1,003 to AED 1,099 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 486,571. Floor, view, condition and upgrades can move the price either way. Sales data to 24 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 403 at May Residence 2 worth?

About AED 437,000 (range AED 422,000 to AED 462,000), based on AED 1,037 per sq ft from registered sales up to 24 Aug 2026.

When did unit 403 last sell?

28 May 2024, for AED 405,000 (resale). It has 2 registered sales.

What rent can unit 403 make?

A studio in May Residence 2 rents for about AED 42,495 a year (median asking rent). That is a gross yield of 9.7% on the estimate.

Sales alert for May Residence 2All sales in May Residence 2

Unit 402 · Unit 404