Unit 504, May Residence 2: what it sold for and what it is worth now

Unit 504 at May Residence 2 is a studio of 426 sq ft. It last sold for AED 400,000 on 10 Jul 2024. At AED 1,055 per sq ft, from 6 sales of units ending 04 (same position in the tower), it is worth about AED 449,000 today.

Value todayAED 449,000AED 420,000 to AED 472,000
Last saleAED 400,00010 Jul 2024 · Resale
Change since last sale+12.3%Building trend alone: AED 467,114
Rent (median asking, studio)AED 42,495Gross yield 9.5%
Bedroomsstudio
Size426 sq ft
Floor5 (from the unit number)
Position in the towerStack 04: units ending 04 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 504

DatePriceSizeAED/sq ftType
10 Jul 2024AED 400,000426 sq ft939Resale
12 Jun 2023AED 343,750426 sq ft807Resale

Units ending 04 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
3047 Aug 2026AED 510,000422 sq ft1,209Resale
20422 Sep 2025AED 460,000422 sq ft1,090Resale
4042 Sep 2025AED 470,000422 sq ft1,114Resale
3044 Feb 2025AED 430,000422 sq ft1,019Resale
3044 Oct 2024AED 300,000422 sq ft711Resale
2049 Sep 2024AED 412,000422 sq ft976Resale
4046 Mar 2024AED 365,000422 sq ft865Resale
10425 Aug 2023AED 499,000602 sq ft829Resale

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 6 resale sales of units ending 04 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,055). We multiplied it by the size of this unit (426 sq ft). The range uses the middle half of those sales (AED 987 to AED 1,108 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 467,114. 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 504 at May Residence 2 worth?

About AED 449,000 (range AED 420,000 to AED 472,000), based on AED 1,055 per sq ft from registered sales up to 24 Aug 2026.

When did unit 504 last sell?

10 Jul 2024, for AED 400,000 (resale). It has 2 registered sales.

What rent can unit 504 make?

A studio in May Residence 2 rents for about AED 42,495 a year (median asking rent). That is a gross yield of 9.5% on the estimate.

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

Unit 503 · Unit 505