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May Residence Tower 3

A 1 bed in May Residence Tower 3 costs a median AED 675,000, rents long-let for AED 60,000/yr (8.89% gross), and returns 16.36% short-let at the assumed 80% occupancy — +1.1 pts vs Jumeirah Village Circle's 7.80% and +1.9 pts vs Dubai's 6.97% — from 19 sales and 212 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · 1 bed
5 in 12 months
Rental contracts · 1 bed
92 in 12 months
Buy
675,000AED
AED 681/sqft
Long-let
8.89%
AED 60,000/yr
Short-let
16.36%
AED 509/night · 0.56/sqft

Price per sqft: Median of 5 registered sales of ready units in the last 12 months, most recent August 2026.

Priced off the last 5 sales — most recent August 2026.

Yield spread
+1.1 pts
vs the Jumeirah Village Circle median for this unit type
AED/yr/sqft
AED 71
Sales
19
Rental contracts
212
Renewal rent
AED 59,000/yr
12 months
-9.5%
3 years
-1.9%-0.6%/yr

Based on 19 sales and 212 rental contracts in the last 24 months. Rental data covers the whole May Residence project, not this tower alone.

May Residence Tower 3 is an apartment building in Jumeirah Village Circle, Dubai, one of the towers in the May Residence development. The closest metro station is Dubai Internet City, the nearest mall Mall of the Emirates and the nearest landmark Sports City Swimming Academy. Land Department records for it run from 2016 to 2026, 186 registered sales in all — the 19 in the last 24 months are what every median above is computed from.

Yield by bedroom type

TypeMedian priceAED/sqftYield12moSales
StudioAED 500,00011858.80%
+0.4 pts
+15.7%5
1 bedAED 675,0007468.89%
+1.1 pts
-9.5%19

Deltas compare each yield with the Jumeirah Village Circle median for the same unit type. How these yields are computed

How these yields are computed
Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around May Residence Tower 3

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured
Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.
TypeNightly (AED)AED/night/sqftNet revenue at 80%Long-let rentUpliftShort-let yieldListings seen
Studio4080.97AED 93,595AED 44,0002.1×18.72%1+
1 bed5090.56AED 110,406AED 60,0001.8×16.36%2+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

1 bed: first Oct 2026, 0.49 AED/night/sqft; latest Sep 2027, 0.47 AED/night/sqft; peak Jan 2027, 0.7 AED/night/sqft.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts
Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing.

Off-plan vs resale

Units sold off-plan in May Residence Tower 3 between 2016 and 2018 went for a median of AED 837/sqft (AED 386,000). The same building resells today at AED 765/sqft (AED 655,000) — an uplift of +69.7%.

Based on 31 off-plan sales across the building's full history.

Why this uses the full history
This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

8 resales in the last 12 months, against 19 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
21 Aug 20261 bed882AED 600,000681
11 Aug 20261 bed845AED 660,000781
8 Jun 2026Studio422AED 500,0001,185

3 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Nearby

Metro
Dubai Internet City
Mall
Mall of the Emirates
Landmark
Sports City Swimming Academy

Compare with nearby buildings

The most-traded buildings in May Residence, on the same figures over the same window.

Common questions

What is the rental yield in May Residence Tower 3?
May Residence Tower 3 returns 8.89% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 212 rental contracts registered in the last 24 months.
How much does a 1 bedroom in May Residence Tower 3 cost?
The median registered sale price is AED 675,000 (746 AED/sqft), from 19 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in May Residence Tower 3 selling for right now?
Registered sales of ready units in May Residence Tower 3 over the last 12 months have a median of 681 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in May Residence Tower 3 risen or fallen?
Median price per square foot moved -9.5% over the last 12 months against the 12 before it, on 19 registered sales. On a sample this size, read the direction rather than the exact figure.
How does May Residence Tower 3 compare with Jumeirah Village Circle?
Its 8.89% gross yield sits +1.1 pts against the Jumeirah Village Circle median of 7.80%, computed at the same bedroom grain over the same 24-month window.

Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data as of 2026-08-26. Short-let rates are collected separately from public Airbnb search results.

Gross yield divides median annual rent from new contracts by the median resale price for the same bedroom type over the last 24 months. Off-plan sales are included in price and trend figures but excluded from the yield denominator.

May Residence Tower 3 sale record

Record type
Building-level property market record
Data date
Evidence base
19 registered sales in the trailing 24 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
Canonical record
/sale/apartments/dubai/jumeirah-village-circle/may-residence-tower-3
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “May Residence Tower 3 sale prices and yield.” Jumeirah Village Circle, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/sale/apartments/dubai/jumeirah-village-circle/may-residence-tower-3.

Stable dataJSON

Where this data stops

Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.