505, Aras Residence
Sold prices and rental history: sold once, by the developer in March 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 505, Aras Residence
What is 505 worth today?
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Source: Dubai Land Department. Updated 5 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 474 sqft
- Floor
- 5th of 8
- Parking
- P2-15
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 450K · March 2022
- Building
- Aras Residence
About 505, Aras Residence
505 is a studio of 474 sqft on the 5th floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . The developer sold it on 14 March 2022 for AED 450,000, or AED 948 per sqft, in line with the AED 942 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 5 December 2025, is AED 37,500 a year: a gross yield of 8.3% on the 2022 price.
Sales and rents for 505 over time
505 has sold once; 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 505 sits
All 38 studios →505 last sold in March 2022 at AED 948 per sqft, in line with what studios in Aras Residence were fetching at the time (AED 942). 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. 505's AED 37,500 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 | |
| 503 | Studio | 431 sqft | AED 500KAED 500,000 · Dec 2024December 2024 | 47,000 /yr | |
| 504 | 1-bed | 857 sqft | AED 860KAED 860,000 · Jun 2025June 2025 | ||
| 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 |
505, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 14 March 2022 for AED 450,000, or AED 948 per sqft.
- Rented since September 2022 on 4 Ejari contracts, from AED 32,000 to AED 37,500 a year.
- At AED 37,500 a year the gross yield on the 2022 price is 8.3%.
- 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 5 December 2025.
Questions about 505, Aras Residence
What did unit 505 last sell for?
AED 450,000 on 14 March 2022, sold by the developer: AED 948 per sqft for 474 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 37,500 a year on the contract signed on 5 December 2025. The previous contract, from December 2024, was AED 33,600; the unit has been rented since September 2022.
How big is unit 505?
474 sqft (44.0 sqm): a studio on the 5th floor of a 8-storey tower completed in 2022.
What is unit 505 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 505, Aras Residence
Starts from the last sale price (AED 450K, 14 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →