Unit 511, May Residence 2: what it sold for and what it is worth now

Unit 511 at May Residence 2 is a 1 bed of 725 sq ft. It last sold for AED 550,012 on 1 Sep 2023. At AED 780 per sq ft, from 5 sales in the building in the last 12 months (1 bed), it is worth about AED 565,000 today.

Value todayAED 565,000AED 531,000 to AED 616,000
Last saleAED 550,0121 Sep 2023 · Resale
Change since last sale+2.7%Building trend alone: AED 775,855
Rent (median asking, 1 bed)AED 58,000Gross yield 10.3%
Bedrooms1 bed
Size725 sq ft
Floor5 (from the unit number)
Position in the towerStack 11: units ending 11 share the same layout and view
BuildingMay Residence 2 by May Real Estate Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 511

DatePriceSizeAED/sq ftType
1 Sep 2023AED 550,012725 sq ft759Resale

Units ending 11 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
41119 Feb 2026AED 750,000721 sq ft1,040Resale
11118 Oct 2024AED 850,0001,125 sq ft756Resale
4115 Jul 2024AED 600,000721 sq ft832Resale
21129 Jan 2024AED 560,000721 sq ft777Resale
4112 Nov 2023AED 523,000721 sq ft725Resale
21117 Oct 2023AED 500,000721 sq ft693Resale
3117 Jul 2023AED 500,000721 sq ft693Resale

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 5 sales in May Residence 2 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 780). We multiplied it by the size of this unit (725 sq ft). The range uses the middle half of those sales (AED 733 to AED 850 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 775,855. 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 511 at May Residence 2 worth?

About AED 565,000 (range AED 531,000 to AED 616,000), based on AED 780 per sq ft from registered sales up to 24 Aug 2026.

When did unit 511 last sell?

1 Sep 2023, for AED 550,012 (resale). It has 1 registered sale.

What rent can unit 511 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 10.3% on the estimate.

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

Unit 510 · Unit 512