402, Aras Residence
Sold prices and rental history: sold once, by the developer in February 2022, and rented once, from September 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, Aras Residence
What is 402 worth today?
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Source: Dubai Land Department. Updated 20 September 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,181 sqft
- Floor
- 4th of 8
- Parking
- G-10
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 900K · February 2022
- Building
- Aras Residence
About 402, Aras Residence
402 is a two-bedroom apartment of 1,181 sqft on the 4th floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . The developer sold it on 7 February 2022 for AED 900,000, or AED 762 per sqft, 7% below the AED 817 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 20 September 2022. The current contract, signed on 20 September 2022, is AED 10,000 a year: a gross yield of 1.1% on the 2022 price.
Sales and rents for 402 over time
402 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 402 sits
All 16 2-beds →402 last sold in February 2022 at AED 762 per sqft, 7% below what two-beds in Aras Residence were fetching at the time (AED 817). 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. 402's AED 10,000 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 4th floor
All 96 units in Aras Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,176 sqft | AED 959KAED 958,500 · Mar 2022March 2022 | 78,000 /yr | |
| 403 | Studio | 431 sqft | AED 325KAED 325,000 · Jun 2021June 2021 | 54,000 /yr | |
| 404 | 1-bed | 857 sqft | AED 850KAED 850,000 · Sep 2025September 2025 | 69,000 /yr | |
| 405 | Studio | 474 sqft | AED 470KAED 470,000 · Oct 2021October 2021 | 50,000 /yr | |
| 406 | Studio | 431 sqft | AED 485KAED 485,000 · Jul 2025July 2025 | 28,500 /yr | |
| 407 | 1-bed | 846 sqft | AED 700KAED 700,000 · May 2022May 2022 | 62,000 /yr | |
| 408 | 1-bed | 769 sqft | AED 690KAED 689,670 · Feb 2022February 2022 | 65,000 /yr | |
| 409 | 1-bed | 818 sqft | AED 880KAED 880,000 · Oct 2025October 2025 | 65,000 /yr | |
| 410 | Studio | 434 sqft | AED 435KAED 435,000 · Dec 2021December 2021 | 42,353 /yr | |
| 411 | Studio | 457 sqft | AED 430KAED 430,000 · Nov 2021November 2021 | 40,000 /yr | |
| 412 | Studio | 485 sqft | AED 480KAED 480,000 · Jan 2022January 2022 | 40,000 /yr | |
| 413 | 1-bed | 1,117 sqft | AED 750KAED 750,000 · Mar 2022March 2022 | 50,000 /yr | |
| 414 | 1-bed | 1,012 sqft | AED 753KAED 752,928 · Sep 2021September 2021 | 65,000 /yr |
402, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 7 February 2022 for AED 900,000, or AED 762 per sqft.
- Rented since September 2022 on one Ejari contract, at AED 10,000 a year.
- At AED 10,000 a year the gross yield on the 2022 price is 1.1%.
- 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 20 September 2022.
Questions about 402, Aras Residence
What did unit 402 last sell for?
AED 900,000 on 7 February 2022, sold by the developer: AED 762 per sqft for 1,181 sqft. It is the only registered sale of the unit.
What is the rent for unit 402?
AED 10,000 a year on the contract signed on 20 September 2022.
How big is unit 402?
1,181 sqft (109.7 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2022.
What is unit 402 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 402, Aras Residence
Starts from the last sale price (AED 900K, 7 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →