312, Aras Residence
Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 312, Aras Residence
What is 312 worth today?
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Source: Dubai Land Department. Updated 10 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 485 sqft
- Floor
- 3rd of 8
- Parking
- P2-37
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 464K · February 2024
- Building
- Aras Residence
About 312, Aras Residence
312 is a studio of 485 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 14 February 2024 for AED 464,000, or AED 956 per sqft.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 10 March 2026, is AED 40,000 a year: a gross yield of 8.6% on the 2024 price.
Sales and rents for 312 over time
312 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Aras Residence, and where 312 sits
All 38 studios →Over the last 12 months studios sold for AED 450,000 to 475,000, around AED 1,035 per sqft, and rent for AED 21,000 to 50,000 a year. 312's AED 40,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Dec 202524 December 2025 | 463 sqft | 475,000 | 1,026 | ||
| 17 Dec 202517 December 2025 | 431 sqft | 450,000 | 1,043 | ||
| 10 Sep 202510 September 2025 | 431 sqft | 510,000 | 1,183 | ||
| 3 Sep 20253 September 2025 | 457 sqft | 525,000 | 1,149 |
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 3rd floor
All 96 units in Aras Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 309 | 1-bed | 818 sqft | AED 700KAED 700,000 · Dec 2023December 2023 | 40,000 /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 | |
| 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 |
312, Aras Residence in numbers
- Sold twice: first on 28 December 2021 for AED 444,400, last on 14 February 2024 for AED 464,000 (AED 956 per sqft).
- Rented since March 2024 on 4 Ejari contracts, at AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2024 price is 8.6%.
- Studios in Aras Residence sold for AED 450,000–475,000 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 10 March 2026.
Questions about 312, Aras Residence
What did unit 312 last sell for?
AED 464,000 on 14 February 2024: AED 956 per sqft for 485 sqft. The unit has 2 registered sales; the first was AED 444,400 in December 2021.
What is the rent for unit 312?
AED 40,000 a year on the contract renewed on 10 March 2026. The previous contract, from March 2025, was AED 40,000; the unit has been rented since March 2024.
How big is unit 312?
485 sqft (45.1 sqm): a studio on the 3rd floor of a 8-storey tower completed in 2022.
What is unit 312 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Aras Residence sold for AED 450,000 to 475,000 in the last 12 months, around AED 1,035 per sqft.
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Mortgage on 312, Aras Residence
Starts from the last sale price (AED 464K, 14 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 464,000
- Deposit, UAE resident (20%)
- AED 92,800
- Deposit, non-resident (40%)
- AED 185,600
- Monthly over 25 years at 3.7%
- AED 1,898
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →