Unit 506, May Residence 2: what it sold for and what it is worth now

Unit 506 at May Residence 2 is a studio of 422 sq ft. It last sold for AED 420,000 on 11 Sep 2025. At AED 1,019 per sq ft, from 3 sales of units ending 06 (same position in the tower), it is worth about AED 430,000 today.

Value todayAED 430,000AED 425,000 to AED 432,000
Last saleAED 420,00011 Sep 2025 · Resale
Change since last sale+2.4%Building trend alone: AED 573,666
Rent (median asking, studio)AED 42,495Gross yield 9.9%
Bedroomsstudio
Size422 sq ft
Floor5 (from the unit number)
Position in the towerStack 06: units ending 06 share the same layout and view
BuildingMay Residence 2 by May Real Estate Development, handed over 2019
Registered sales of this unit3

Every registered sale of unit 506

DatePriceSizeAED/sq ftType
11 Sep 2025AED 420,000422 sq ft995Resale
8 Mar 2024AED 375,000422 sq ft889Resale
12 Jun 2023AED 343,750422 sq ft815Resale

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20614 Jul 2026AED 435,000422 sq ft1,031Resale
40630 Sep 2024AED 430,000422 sq ft1,019Resale
30616 Jul 2024AED 400,000422 sq ft948Resale
20624 Jun 2024AED 370,000422 sq ft877Resale
10630 Oct 2023AED 503,000601 sq ft837Resale
20612 Jun 2023AED 343,750422 sq ft815Resale
40612 Jun 2023AED 343,750422 sq ft815Resale
30612 Jun 2023AED 343,750422 sq ft815Resale

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
4042 Sep 2025AED 470,000422 sq ft1,114Resale
30311 Aug 2025AED 420,000421 sq ft998Resale

How we worked out the value

We took the 3 resale sales of units ending 06 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,019). We multiplied it by the size of this unit (422 sq ft). The range uses the middle half of those sales (AED 1,007 to AED 1,025 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 573,666. 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 506 at May Residence 2 worth?

About AED 430,000 (range AED 425,000 to AED 432,000), based on AED 1,019 per sq ft from registered sales up to 24 Aug 2026.

When did unit 506 last sell?

11 Sep 2025, for AED 420,000 (resale). It has 3 registered sales.

What rent can unit 506 make?

A studio in May Residence 2 rents for about AED 42,495 a year (median asking rent). That is a gross yield of 9.9% on the estimate.

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

Unit 505 · Unit 507