Unit 412, May Residence 5: what it sold for and what it is worth now

Unit 412 at May Residence 5 is a studio of 397 sq ft. It last sold for AED 415,000 on 15 Feb 2024. At AED 835 per sq ft, from 8 sales in the building in the last 12 months, it is worth about AED 332,000 today.

Value todayAED 332,000AED 319,000 to AED 336,000
Last saleAED 415,00015 Feb 2024 · Resale
Change since last sale-20.0%Building trend alone: AED 495,139
Rent (median asking, studio)AED 40,000Gross yield 12.0%
Bedroomsstudio
Size397 sq ft
Floor4 (from the unit number)
Position in the towerStack 12: units ending 12 share the same layout and view
BuildingMay Residence 5 by May Real Estate Development, handed over 2019
Registered sales of this unit1

Every registered sale of unit 412

DatePriceSizeAED/sq ftType
15 Feb 2024AED 415,000397 sq ft1,045Resale

Units ending 12 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
11211 Dec 2023AED 380,000397 sq ft957Resale
31218 Jul 2023AED 370,000397 sq ft932Resale
21224 Mar 2021AED 285,000397 sq ft718Resale
11216 Mar 2021AED 285,000397 sq ft718Resale

Latest studio sales in May Residence 5

UnitDatePriceSizeAED/sq ftType
50430 Jul 2025AED 480,000513 sq ft936Resale
31027 Mar 2025AED 440,000495 sq ft889Resale
11011 Mar 2024AED 460,000495 sq ft929Resale
11211 Dec 2023AED 380,000397 sq ft957Resale
31218 Jul 2023AED 370,000397 sq ft932Resale
21224 Mar 2021AED 285,000397 sq ft718Resale
50424 Mar 2021AED 285,000513 sq ft556Resale
11216 Mar 2021AED 285,000397 sq ft718Resale

How we worked out the value

We took the 8 sales in May Residence 5 in the last 12 months, worked out the price per sq ft of each, and used the middle value (AED 835). We multiplied it by the size of this unit (397 sq ft). The range uses the middle half of those sales (AED 803 to AED 846 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 495,139. Floor, view, condition and upgrades can move the price either way. Sales data to 13 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 412 at May Residence 5 worth?

About AED 332,000 (range AED 319,000 to AED 336,000), based on AED 835 per sq ft from registered sales up to 13 Aug 2026.

When did unit 412 last sell?

15 Feb 2024, for AED 415,000 (resale). It has 1 registered sale.

What rent can unit 412 make?

A studio in May Residence 5 rents for about AED 40,000 a year (median asking rent). That is a gross yield of 12.0% on the estimate.

Sales alert for May Residence 5All sales in May Residence 5

Unit 411 · Unit 413