Building · Transactions · 2024

May Residence Tower 5 Property Transactions 2024

23 property sales worth ⃃ 15.12M were registered in May Residence Tower 5 in 2024, 30.3% lower than 2023 by number of sales. The median sale price was ⃃ 623,353 and the median price per square foot ⃃ 744 (+9.5% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 23 salesUpdated: 18 Oct 2026
Property sales
23
−30.3% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 15.12M
−25.7% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 623,353
+13.8% vs 2023
23 sales
Median price per sq ft
⃃ 744
+9.5% vs 2023
23 sales

What types of property sold in May Residence Tower 5 in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments23100%⃃ 15.12M⃃ 623,353⃃ 744

How were 2024 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)1043.5%⃃ 6.2M⃃ 619,843⃃ 712
Resale (secondary)1356.5%⃃ 8.93M⃃ 623,353⃃ 791
Ready23100%⃃ 15.12M⃃ 623,353⃃ 744

How many rental contracts were registered in May Residence Tower 5 in 2024?

50 rental contracts (new and renewed) were registered in May Residence Tower 5 in 2024, at a median annual rent of ⃃ 57,500 (+54.6% on 2023). Rental yields in May Residence Tower 5

What were the most expensive property sales in May Residence Tower 5 in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
16/02/2024May Residence Tower 51 bed · Apartment921 sq ft⃃ 978,000Resale · Ready
16/02/2024May Residence Tower 51 bed · Apartment868 sq ft⃃ 922,000Resale · Ready
14/10/2024May Residence Tower 51 bed · Apartment927 sq ft⃃ 820,000Resale · Ready
04/12/2024May Residence Tower 51 bed · Apartment1,075 sq ft⃃ 800,000Resale · Ready
28/02/2024May Residence Tower 51 bed · Apartment921 sq ft⃃ 755,000Resale · Ready
19/02/2024May Residence Tower 51 bed · Apartment898 sq ft⃃ 750,000Primary · Ready
17/07/2024May Residence Tower 51 bed · Apartment1,065 sq ft⃃ 715,000Primary · Ready
09/09/2024May Residence Tower 51 bed · Apartment899 sq ft⃃ 710,000Resale · Ready
05/03/2024May Residence Tower 51 bed · Apartment921 sq ft⃃ 692,000Primary · Ready
16/05/2024May Residence Tower 51 bed · Apartment898 sq ft⃃ 670,000Primary · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
04/12/2024May Residence Tower 51 bed · Apartment1,075 sq ft⃃ 800,000Resale · Ready
24/10/2024May Residence Tower 51 bed · Apartment898 sq ft⃃ 485,000Primary · Ready
14/10/2024May Residence Tower 51 bed · Apartment927 sq ft⃃ 820,000Resale · Ready
09/09/2024May Residence Tower 51 bed · Apartment899 sq ft⃃ 710,000Resale · Ready
17/07/2024May Residence Tower 51 bed · Apartment1,065 sq ft⃃ 715,000Primary · Ready
16/05/2024May Residence Tower 51 bed · Apartment898 sq ft⃃ 670,000Primary · Ready
05/04/2024May Residence Tower 51 bed · Apartment1,075 sq ft⃃ 526,845Primary · Ready
02/04/2024May Residence Tower 51 bed · Apartment2,510 sq ft⃃ 610,185Primary · Ready
28/03/2024May Residence Tower 51 bed · Apartment903 sq ft⃃ 610,000Resale · Ready
28/03/2024May Residence Tower 51 bed · Apartment899 sq ft⃃ 610,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2024 with the whole of 2023.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/may-residence-tower-5/2024
May Residence Tower 5 Property Transactions 2024. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/may-residence-tower-5/2024

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in May Residence Tower 5 in 2024?
23 property sales worth ⃃ 15,124,953 were registered in May Residence Tower 5 in 2024. That is 30.3% lower than 2023.
What was the median property price in May Residence Tower 5 in 2024?
The median sale price was ⃃ 623,353 and the median price per square foot ⃃ 744 (1 Jan – 31 Dec 2024).
What share of 2024 sales in May Residence Tower 5 were off-plan or from developers?
Developer (primary) sales were 43.5% of the 23 sales and resales 56.5%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/may-residence-tower-5/2024