111, Aras Residence
Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 111, Aras Residence
What is 111 worth today?
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Source: Dubai Land Department. Updated 30 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,120 sqft
- Floor
- 1st of 8
- Parking
- G-16
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 1.39M · November 2022
- Building
- Aras Residence
About 111, Aras Residence
111 is a two-bedroom apartment of 2,120 sqft on the 1st floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . The developer sold it on 1 November 2022 for AED 1,390,000, or AED 655 per sqft, 20% below the AED 815 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 30 November 2024, is AED 70,000 a year: a gross yield of 5.0% on the 2022 price.
Sales and rents for 111 over time
111 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Aras Residence, and where 111 sits
All 16 2-beds →111 last sold in November 2022 at AED 655 per sqft, 20% below what two-beds in Aras Residence were fetching at the time (AED 815). Over the last 12 months two-beds sold for AED 1,100,000 to 1,350,000, around AED 1,135 per sqft, and rent for AED 70,000 to 100,000 a year. 111's AED 70,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Apr 20268 April 2026 | 1,176 sqft | 1,350,000 | 1,147 | ||
| 13 Feb 202613 February 2026 | 1,176 sqft | 1,335,000 | 1,135 | ||
| 9 Jan 20269 January 2026 | 1,176 sqft | 1,100,000 | 935 | ||
| 8 Sep 20258 September 2025 | 1,176 sqft | 912,000 | 775 |
Aras Residence
Building96 apartments, studios to 3-bed over 8 floors in Majan, completed in 2022 by ARAS Real Estate Development . 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,035 Up 3.0%
- Typical sale
- AED 849K
- Typical rent
- AED 55K /yr
- Typical yield
- 7.6%
Other units on the 1st floor
All 96 units in Aras Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 1,377 sqft | AED 1.05MAED 1,050,000 · Mar 2022March 2022 | ||
| 102 | 2-bed | 1,653 sqft | AED 1.2MAED 1,197,000 · Mar 2022March 2022 | 40,000 /yr | |
| 103 | 2-bed | 1,294 sqft | AED 1.13MAED 1,125,000 · Apr 2022April 2022 | ||
| 104 | 1-bed | 1,176 sqft | AED 728KAED 728,450 · Nov 2021November 2021 | ||
| 105 | 1-bed | 859 sqft | AED 665KAED 664,999 · Jul 2022July 2022 | 58,000 /yr | |
| 106 | 1-bed | 915 sqft | AED 830KAED 830,000 · Sep 2024September 2024 | ||
| 107 | 1-bed | 828 sqft | AED 640KAED 640,000 · Oct 2026October 2026 | 60,000 /yr | |
| 108 | Studio | 668 sqft | AED 449KAED 448,850 · Mar 2022March 2022 | 30,000 /yr | |
| 109 | Studio | 463 sqft | AED 475KAED 475,000 · Dec 2025December 2025 | 44,000 /yr | |
| 110 | 1-bed | 1,198 sqft | AED 850KAED 850,000 · Jul 2022July 2022 | 60,000 /yr |
111, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 1 November 2022 for AED 1,390,000, or AED 655 per sqft.
- Rented since November 2022 on 5 Ejari contracts, at AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2022 price is 5.0%.
- Two-beds in Aras Residence sold for AED 1,100,000–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 1,035 per sqft.
Source: Dubai Land Department. Updated 30 November 2024.
Questions about 111, Aras Residence
What did unit 111 last sell for?
AED 1,390,000 on 1 November 2022, sold by the developer: AED 655 per sqft for 2,120 sqft. It is the only registered sale of the unit.
What is the rent for unit 111?
AED 70,000 a year on the contract signed on 30 November 2024. The previous contract, from November 2024, was AED 70,000; the unit has been rented since November 2022.
How big is unit 111?
2,120 sqft (197.0 sqm): a two-bedroom apartment on the 1st floor of a 8-storey tower completed in 2022.
What is unit 111 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Aras Residence sold for AED 1,100,000 to 1,350,000 in the last 12 months, around AED 1,135 per sqft.
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Mortgage on 111, Aras Residence
Starts from the last sale price (AED 1.39M, 1 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,390,000
- Deposit, UAE resident (20%)
- AED 278,000
- Deposit, non-resident (40%)
- AED 556,000
- Monthly over 25 years at 3.7%
- AED 5,687
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →