506, Aras Residence
Sold prices and rental history: sold 3 times, last in September 2025, and rented once, from July 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Aras Residence
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 10 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 431 sqft
- Floor
- 5th of 8
- Parking
- P2-04
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 510K · September 2025
- Building
- Aras Residence
About 506, Aras Residence
506 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 10 September 2025 for AED 510,000, or AED 1,183 per sqft, in line with the AED 1,158 studios in the building were fetching at the time.
One Ejari contract is registered, from 17 July 2025. The current contract, signed on 17 July 2025, is AED 48,000 a year: a gross yield of 9.4% on the 2025 price.
Sales and rents for 506 over time
506 has sold 3 times; 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 506 sits
All 38 studios →506 last sold in September 2025 at AED 1,183 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. 506's AED 48,000 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 | ||
| 3 Sep 20253 September 2025 | 457 sqft | 525,000 | 1,149 | ||
| 3 Jul 20253 July 2025 | 431 sqft | 485,000 | 1,125 |
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 | ||
| 505 | Studio | 474 sqft | AED 450KAED 450,000 · Mar 2022March 2022 | 37,500 /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 |
506, Aras Residence in numbers
- Sold 3 times: first on 3 January 2022 for AED 450,000, last on 10 September 2025 for AED 510,000 (AED 1,183 per sqft).
- Rented since July 2025 on one Ejari contract, at AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2025 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 10 September 2025.
Questions about 506, Aras Residence
What did unit 506 last sell for?
AED 510,000 on 10 September 2025: AED 1,183 per sqft for 431 sqft. The unit has 3 registered sales; the first was AED 450,000 in January 2022.
What is the rent for unit 506?
AED 48,000 a year on the contract signed on 17 July 2025.
How big is unit 506?
431 sqft (40.0 sqm): a studio on the 5th floor of a 8-storey tower completed in 2022.
What is unit 506 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.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Aras Residence
Starts from the last sale price (AED 510K, 10 September 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 510,000
- Deposit, UAE resident (20%)
- AED 102,000
- Deposit, non-resident (40%)
- AED 204,000
- Monthly over 25 years at 3.7%
- AED 2,087
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →