diff --git a/CHANGES-5.0.md b/CHANGES-5.0.md
index 885e0a4c1..f0a3d7c09 100644
--- a/CHANGES-5.0.md
+++ b/CHANGES-5.0.md
@@ -1,3 +1,9 @@
+# 5.0.6
+
+## Bug fixes
+
+* Upgrade Dashboard version to fix an issue where the node status was not displayed correctly. [#8771](https://github.com/emqx/emqx/pull/8771)
+
 # 5.0.5
 
 ## Bug fixes
diff --git a/Makefile b/Makefile
index 49c2b1ed7..c43635c93 100644
--- a/Makefile
+++ b/Makefile
@@ -7,7 +7,7 @@ export EMQX_DEFAULT_BUILDER = ghcr.io/emqx/emqx-builder/5.0-17:1.13.4-24.2.1-1-d
 export EMQX_DEFAULT_RUNNER = debian:11-slim
 export OTP_VSN ?= $(shell $(CURDIR)/scripts/get-otp-vsn.sh)
 export ELIXIR_VSN ?= $(shell $(CURDIR)/scripts/get-elixir-vsn.sh)
-export EMQX_DASHBOARD_VERSION ?= v1.0.6
+export EMQX_DASHBOARD_VERSION ?= v1.0.7
 export EMQX_REL_FORM ?= tgz
 export QUICER_DOWNLOAD_FROM_RELEASE = 1
 ifeq ($(OS),Windows_NT)
diff --git a/apps/emqx/include/emqx_release.hrl b/apps/emqx/include/emqx_release.hrl
index 972111a44..eb8b08c03 100644
--- a/apps/emqx/include/emqx_release.hrl
+++ b/apps/emqx/include/emqx_release.hrl
@@ -32,7 +32,7 @@
 %% `apps/emqx/src/bpapi/README.md'
 
 %% Community edition
--define(EMQX_RELEASE_CE, "5.0.5").
+-define(EMQX_RELEASE_CE, "5.0.6").
 
 %% Enterprise edition
 -define(EMQX_RELEASE_EE, "5.0.0-alpha.1").
diff --git a/apps/emqx/src/emqx.app.src b/apps/emqx/src/emqx.app.src
index b7e65a042..430e28efb 100644
--- a/apps/emqx/src/emqx.app.src
+++ b/apps/emqx/src/emqx.app.src
@@ -3,7 +3,7 @@
     {id, "emqx"},
     {description, "EMQX Core"},
     % strict semver, bump manually!
-    {vsn, "5.0.5"},
+    {vsn, "5.0.6"},
     {modules, []},
     {registered, []},
     {applications, [