1-bed · 818 sqftAras Residence, Majan · 3rd floor · completed 2022

309, Aras Residence

Sold prices and rental history: sold twice, last in December 2023, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 309 · DLD and Ejari recordsUpdated 22 December 2023

Last soldAED 700K22 December 2023

Current rentAED 40K /yr13 November 2022

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 309, Aras Residence

Today

What is 309 worth today?

Last sold for AED 700,000 in 2023

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22 Dec 2023

22 Dec 2023SoldReady

AED 700,000AED 855 per sqft

13 Nov 2022

13 Nov 2022RentedNew contract

AED 40,000/yr12 months · AED 49 per sqft

31 May 2022

31 May 2022Sold by developerOff-plan

AED 699,999AED 855 per sqft

Source: Dubai Land Department. Updated 22 December 2023.

Key facts

Type: 1-bed apartment
Size: 818 sqft
Floor: 3rd of 8
Parking: P1-06
Developer: ARAS Real Estate Development
Completed: 2022
Last sold: AED 700K · December 2023
Building: Aras Residence

About 309, Aras Residence

309 is a one-bedroom apartment of 818 sqft on the 3rd floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . It last sold on 22 December 2023 for AED 700,000, or AED 855 per sqft, in line with the AED 875 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 13 November 2022. The current contract, signed on 13 November 2022, is AED 40,000 a year: a gross yield of 5.7% on the 2023 price.

Sales and rents for 309 over time

Sales

Unit 309, each saleTypical one-bed in Aras Residence

309 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 309, each contractTypical one-bed in Aras Residence

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Aras Residence, and where 309 sits

All 41 1-beds →

1-beds in Aras Residence · last 12 months1,012 /sqft Aras Residence · all types1,035 /sqft

309 last sold in December 2023 at AED 855 per sqft, in line with what one-beds in Aras Residence were fetching at the time (AED 875). Over the last 12 months one-beds sold for AED 640,000 to 1,035,000, around AED 1,012 per sqft, and rent for AED 50,000 to 75,000 a year. 309's AED 40,000 is at the bottom of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
8 Oct 20268 October 2026	828 sqft	640,000	772
4 Aug 20264 August 2026	818 sqft	870,000	1,063
30 Jul 202630 July 2026	857 sqft	725,000	845
5 May 20265 May 2026	818 sqft	828,000	1,012

5 1-bed sales in the last 12 months

Aras Residence

Building

96 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%

Aras Residence, Majan: prices, sales and rents →

Other units on the 3rd floor

All 96 units in Aras Residence


301	2-bed	1,176 sqft	AED 1.34MAED 1,335,000 · Feb 2026February 2026	85,000 /yr
302	2-bed	1,181 sqft	AED 965KAED 965,000 · Nov 2021November 2021	80,000 /yr
303	Studio	431 sqft	AED 410KAED 410,000 · Sep 2021September 2021	42,000 /yr
304	1-bed	857 sqft	AED 750KAED 750,000 · Mar 2023March 2023	55,125 /yr
305	Studio	474 sqft	AED 410KAED 410,136 · Dec 2021December 2021	48,000 /yr
306	Studio	431 sqft	AED 428KAED 428,000 · Sep 2021September 2021
307	1-bed	846 sqft	AED 700KAED 699,999 · Apr 2022April 2022
308	1-bed	769 sqft	AED 880KAED 880,000 · Dec 2024December 2024	57,231 /yr
310	Studio	434 sqft	AED 380KAED 380,000 · Oct 2021October 2021	40,000 /yr
311	Studio	457 sqft	AED 415KAED 415,000 · Sep 2021September 2021	43,600 /yr
312	Studio	485 sqft	AED 464KAED 464,000 · Feb 2024February 2024	40,000 /yr
313	1-bed	1,117 sqft	AED 900KAED 899,999 · Mar 2025March 2025	54,000 /yr
314	1-bed	1,012 sqft	AED 787KAED 787,032 · Dec 2021December 2021	68,000 /yr

1–7 of 13

309, Aras Residence in numbers

Sold twice: first on 31 May 2022 for AED 699,999, last on 22 December 2023 for AED 700,000 (AED 855 per sqft).
Rented since November 2022 on one Ejari contract, at AED 40,000 a year.
At AED 40,000 a year the gross yield on the 2023 price is 5.7%.
One-beds in Aras Residence sold for AED 640,000–1,035,000 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 22 December 2023.

Questions about 309, Aras Residence

What did unit 309 last sell for?

AED 700,000 on 22 December 2023: AED 855 per sqft for 818 sqft. The unit has 2 registered sales; the first was AED 699,999 in May 2022.

What is the rent for unit 309?

AED 40,000 a year on the contract signed on 13 November 2022.

How big is unit 309?

818 sqft (76.0 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2022.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Aras Residence sold for AED 640,000 to 1,035,000 in the last 12 months, around AED 1,012 per sqft.

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Mortgage on 309, Aras Residence

Starts from the last sale price (AED 700K, 22 December 2023). Switch to today's estimate once you have unlocked it.

Price: AED 700,000
Deposit, UAE resident (20%): AED 140,000
Deposit, non-resident (40%): AED 280,000
Monthly over 25 years at 3.7%: AED 2,864

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →