505, Aras Heights
Sold prices and rental history: sold once, by the developer in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Aras Heights
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 424 sqft
- Floor
- 5th of 9
- Parking
- 1
- Developer
- ARAS Real Estate Development
- Completed
- 2023
- Last sold
- AED 660K · May 2024
- Building
- Aras Heights
About 505, Aras Heights
505 is a studio of 424 sqft on the 5th floor of Aras Heights, a 9-storey tower in Majan completed in 2023 by ARAS Real Estate Development . The developer sold it on 15 May 2024 for AED 660,000, or AED 1,557 per sqft, 13% above the AED 1,384 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Studios in Aras Heights, and where 505 sits
All 16 studios →505 last sold in May 2024 at AED 1,557 per sqft, 13% above what studios in Aras Heights were fetching at the time (AED 1,384). Over the last 12 months studios sold for AED 480,000 to 690,000, around AED 1,378 per sqft, and rent for AED 40,000 to 48,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Jul 202615 July 2026 | 426 sqft | 480,000 | 1,128 | ||
| 9 Jan 20269 January 2026 | 424 sqft | 690,000 | 1,628 | ||
| 9 Jul 20259 July 2025 | 424 sqft | 490,000 | 1,156 | ||
| 21 Nov 202421 November 2024 | 424 sqft | 550,000 | 1,297 |
Aras Heights
Building73 apartments, studios to 3-bed over 9 floors in Majan, completed in 2023 by ARAS Real Estate Development . 14 sold in the last 12 months.
- Typical price per sqft
- AED 1,115
- Typical sale
- AED 1.2M
- Typical rent
- AED 75K /yr
- Typical yield
- 6.7%
Other units on the 5th floor
All 73 units in Aras Heights| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,305 sqft | AED 1.2MAED 1,199,700 · Mar 2024March 2024 | 90,000 /yr | |
| 502 | 2-bed | 1,339 sqft | AED 1.22MAED 1,218,300 · Apr 2024April 2024 | ||
| 503 | 2-bed | 1,223 sqft | AED 1.29MAED 1,290,000 · May 2024May 2024 | 90,000 /yr | |
| 504 | 2-bed | 1,228 sqft | AED 1.29MAED 1,290,000 · May 2024May 2024 | ||
| 506 | 2-bed | 1,480 sqft | AED 1.29MAED 1,290,000 · Jul 2024July 2024 | ||
| 507 | 1-bed | 988 sqft | AED 875KAED 875,000 · Feb 2026February 2026 | 50,000 /yr | |
| 508 | 1-bed | 832 sqft | AED 770KAED 770,000 · Feb 2024February 2024 | 62,000 /yr | |
| 509 | Studio | 506 sqft | AED 630KAED 630,000 · Jun 2024June 2024 | 46,000 /yr |
505, Aras Heights in numbers
- Sold once: by ARAS Real Estate Development on 15 May 2024 for AED 660,000, or AED 1,557 per sqft.
- Studios in Aras Heights sold for AED 480,000–690,000 in the 12 months to November 2026; the building's median across all types is AED 1,115 per sqft.
Source: Dubai Land Department. Updated 15 May 2024.
Questions about 505, Aras Heights
What did unit 505 last sell for?
AED 660,000 on 15 May 2024, sold by the developer: AED 1,557 per sqft for 424 sqft. It is the only registered sale of the unit.
How big is unit 505?
424 sqft (39.4 sqm): a studio on the 5th floor of a 9-storey tower completed in 2023.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Aras Heights sold for AED 480,000 to 690,000 in the last 12 months, around AED 1,378 per sqft.
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Mortgage on 505, Aras Heights
Starts from the last sale price (AED 660K, 15 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 660,000
- Deposit, UAE resident (20%)
- AED 132,000
- Deposit, non-resident (40%)
- AED 264,000
- Monthly over 25 years at 3.7%
- AED 2,700
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →