Unit 501, May Residence 2: what it sold for and what it is worth now

Unit 501 at May Residence 2 is a 1 bed of 845 sq ft. It last sold for AED 630,000 on 28 Apr 2025. At AED 751 per sq ft, from 3 sales of units ending 01 (same position in the tower), it is worth about AED 635,000 today.

Value todayAED 635,000AED 632,000 to AED 640,000
Last saleAED 630,00028 Apr 2025 · Resale
Change since last sale+0.8%Building trend alone: AED 864,172
Rent (median asking, 1 bed)AED 58,000Gross yield 9.1%
Bedrooms1 bed
Size845 sq ft
Floor5 (from the unit number)
Position in the towerStack 01: units ending 01 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 501

DatePriceSizeAED/sq ftType
28 Apr 2025AED 630,000845 sq ft746Resale
28 Nov 2023AED 524,012845 sq ft620Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
40126 May 2025AED 645,000845 sq ft763Resale
20127 Feb 2025AED 635,000845 sq ft751Resale
30128 May 2024AED 665,000845 sq ft787Resale
10130 Apr 2024AED 726,8751,162 sq ft626Resale
40127 Nov 2023AED 523,943845 sq ft620Resale
30129 Mar 2023AED 541,000845 sq ft640Resale
20128 Mar 2023AED 541,000845 sq ft640Resale

Latest 1 bed sales in May Residence 2

UnitDatePriceSizeAED/sq ftType
10224 Aug 2026AED 950,0001,218 sq ft780Resale
41119 Feb 2026AED 750,000721 sq ft1,040Resale
11418 Feb 2026AED 902,0891,354 sq ft666Resale
21316 Jan 2026AED 750,000882 sq ft850Resale
50824 Oct 2025AED 600,000819 sq ft733Resale
3136 Aug 2025AED 600,000882 sq ft680Resale
20222 Jun 2025AED 650,000857 sq ft758Resale
40126 May 2025AED 645,000845 sq ft763Resale

How we worked out the value

We took the 3 resale sales of units ending 01 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 751). We multiplied it by the size of this unit (845 sq ft). The range uses the middle half of those sales (AED 749 to AED 757 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 864,172. 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 501 at May Residence 2 worth?

About AED 635,000 (range AED 632,000 to AED 640,000), based on AED 751 per sq ft from registered sales up to 24 Aug 2026.

When did unit 501 last sell?

28 Apr 2025, for AED 630,000 (resale). It has 2 registered sales.

What rent can unit 501 make?

A 1 bed in May Residence 2 rents for about AED 58,000 a year (median asking rent). That is a gross yield of 9.1% on the estimate.

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

Unit 414 · Unit 502