503, Aras Residence
Sold prices and rental history: sold twice, last in December 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Aras Residence
What is 503 worth today?
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Source: Dubai Land Department. Updated 30 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 431 sqft
- Floor
- 5th of 8
- Parking
- P2-03
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 500K · December 2024
- Building
- Aras Residence
About 503, Aras Residence
503 is a studio of 431 sqft on the 5th floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . It last sold on 23 December 2024 for AED 500,000, or AED 1,158 per sqft, in line with the AED 1,158 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 30 December 2025, is AED 47,000 a year: a gross yield of 9.4% on the 2024 price.
Sales and rents for 503 over time
503 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 503 sits
All 38 studios →503 last sold in December 2024 at AED 1,158 per sqft, in line with what studios in Aras Residence were fetching at the time (AED 1,158). 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. 503's AED 47,000 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 5th floor
All 96 units in Aras Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,176 sqft | AED 850KAED 850,150 · Mar 2022March 2022 | 78,750 /yr | |
| 502 | 2-bed | 1,181 sqft | AED 968KAED 967,500 · Feb 2022February 2022 | 70,000 /yr | |
| 504 | 1-bed | 857 sqft | AED 860KAED 860,000 · Jun 2025June 2025 | ||
| 505 | Studio | 474 sqft | AED 450KAED 450,000 · Mar 2022March 2022 | 37,500 /yr | |
| 506 | Studio | 431 sqft | AED 510KAED 510,000 · Sep 2025September 2025 | 48,000 /yr | |
| 507 | 1-bed | 846 sqft | AED 750KAED 750,000 · Apr 2022April 2022 | ||
| 508 | 1-bed | 769 sqft | AED 1.04MAED 1,035,000 · Feb 2026February 2026 | 80,000 /yr | |
| 509 | 1-bed | 818 sqft | AED 870KAED 870,000 · Aug 2026August 2026 | ||
| 510 | Studio | 434 sqft | AED 411KAED 410,650 · Mar 2022March 2022 | 44,000 /yr | |
| 511 | Studio | 457 sqft | AED 440KAED 440,000 · Feb 2022February 2022 | 35,000 /yr | |
| 512 | Studio | 485 sqft | AED 460KAED 460,000 · Feb 2022February 2022 | 36,000 /yr | |
| 513 | 1-bed | 1,117 sqft | AED 681KAED 681,150 · Mar 2022March 2022 | 60,000 /yr | |
| 514 | 1-bed | 1,012 sqft | AED 845KAED 844,800 · Mar 2022March 2022 | 50,000 /yr |
503, Aras Residence in numbers
- Sold twice: first on 28 December 2021 for AED 430,000, last on 23 December 2024 for AED 500,000 (AED 1,158 per sqft).
- Rented since December 2024 on 2 Ejari contracts, at AED 47,000 a year.
- At AED 47,000 a year the gross yield on the 2024 price is 9.4%.
- 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 30 December 2025.
Questions about 503, Aras Residence
What did unit 503 last sell for?
AED 500,000 on 23 December 2024: AED 1,158 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 430,000 in December 2021.
What is the rent for unit 503?
AED 47,000 a year on the contract renewed on 30 December 2025. The previous contract, from December 2024, was AED 47,000.
How big is unit 503?
431 sqft (40.0 sqm): a studio on the 5th floor of a 8-storey tower completed in 2022.
What is unit 503 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 503, Aras Residence
Starts from the last sale price (AED 500K, 23 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →