Unit 512, May Residence 2: what it sold for and what it is worth now

Unit 512 at May Residence 2 is a 1 bed of 710 sq ft. It last sold for AED 530,000 on 27 Apr 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 554,000 today.

Value todayAED 554,000AED 520,000 to AED 604,000
Last saleAED 530,00027 Apr 2023 · Resale
Change since last sale+4.5%Building trend alone: AED 725,960
Rent (median asking, 1 bed)AED 58,000Gross yield 10.5%
Bedrooms1 bed
Size710 sq ft
Floor5 (from the unit number)
Position in the towerStack 12: units ending 12 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 512

DatePriceSizeAED/sq ftType
27 Apr 2023AED 530,000710 sq ft746Resale

Units ending 12 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
11217 Oct 2024AED 800,0001,153 sq ft694Resale
3121 Jul 2024AED 750,000706 sq ft1,062Resale
4122 Nov 2023AED 530,000706 sq ft751Resale
2123 May 2023AED 519,000706 sq ft735Resale
31227 Mar 2023AED 501,340706 sq ft710Resale

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 (710 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 725,960. 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 512 at May Residence 2 worth?

About AED 554,000 (range AED 520,000 to AED 604,000), based on AED 780 per sq ft from registered sales up to 24 Aug 2026.

When did unit 512 last sell?

27 Apr 2023, for AED 530,000 (resale). It has 1 registered sale.

What rent can unit 512 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 10.5% on the estimate.

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

Unit 511 · Unit 513