506, Aras Heights
Sold prices and rental history: sold once, by the developer in July 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 506, Aras Heights
What is 506 worth today?
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Source: Dubai Land Department. Updated 15 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,480 sqft
- Floor
- 5th of 9
- Parking
- 1
- Developer
- ARAS Real Estate Development
- Completed
- 2023
- Last sold
- AED 1.29M · July 2024
- Building
- Aras Heights
About 506, Aras Heights
506 is a two-bedroom apartment of 1,480 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 July 2024 for AED 1,290,000, or AED 871 per sqft, 10% below the AED 973 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Aras Heights, and where 506 sits
All 40 2-beds →506 last sold in July 2024 at AED 871 per sqft, 10% below what two-beds in Aras Heights were fetching at the time (AED 973). Over the last 12 months two-beds sold for AED 1,300,000 to 1,475,000, around AED 1,045 per sqft, and rent for AED 85,000 to 130,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jul 20263 July 2026 | 1,304 sqft | 1,300,000 | 996 | ||
| 5 Jun 20265 June 2026 | 1,480 sqft | 1,475,000 | 996 | ||
| 21 May 202621 May 2026 | 1,230 sqft | 1,400,000 | 1,137 | ||
| 11 May 202611 May 2026 | 1,223 sqft | 1,400,000 | 1,145 |
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 | ||
| 505 | Studio | 424 sqft | AED 660KAED 660,000 · May 2024May 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 |
506, Aras Heights in numbers
- Sold once: by ARAS Real Estate Development on 15 July 2024 for AED 1,290,000, or AED 871 per sqft.
- Two-beds in Aras Heights sold for AED 1,300,000–1,475,000 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 July 2024.
Questions about 506, Aras Heights
What did unit 506 last sell for?
AED 1,290,000 on 15 July 2024, sold by the developer: AED 871 per sqft for 1,480 sqft. It is the only registered sale of the unit.
How big is unit 506?
1,480 sqft (137.5 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2023.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Aras Heights sold for AED 1,300,000 to 1,475,000 in the last 12 months, around AED 1,045 per sqft.
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Mortgage on 506, Aras Heights
Starts from the last sale price (AED 1.29M, 15 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,290,000
- Deposit, UAE resident (20%)
- AED 258,000
- Deposit, non-resident (40%)
- AED 516,000
- Monthly over 25 years at 3.7%
- AED 5,278
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →