511, Aras Residence
Sold prices and rental history: sold once, by the developer in February 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 511, Aras Residence
What is 511 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 20 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 457 sqft
- Floor
- 5th of 8
- Parking
- P2-13
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 440K · February 2022
- Building
- Aras Residence
About 511, Aras Residence
511 is a studio of 457 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 23 February 2022 for AED 440,000, or AED 963 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, renewed on 20 October 2025, is AED 35,000 a year: a gross yield of 8.0% on the 2022 price.
Sales and rents for 511 over time
511 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 511 sits
All 38 studios →511 last sold in February 2022 at AED 963 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. 511's AED 35,000 is in the lower 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 | ||
| 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 | |
| 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 |
511, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 23 February 2022 for AED 440,000, or AED 963 per sqft.
- Rented since October 2022 on 4 Ejari contracts, from AED 26,928 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2022 price is 8.0%.
- 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 20 October 2025.
Questions about 511, Aras Residence
What did unit 511 last sell for?
AED 440,000 on 23 February 2022, sold by the developer: AED 963 per sqft for 457 sqft. It is the only registered sale of the unit.
What is the rent for unit 511?
AED 35,000 a year on the contract renewed on 20 October 2025. The previous contract, from October 2024, was AED 34,000; the unit has been rented since October 2022.
How big is unit 511?
457 sqft (42.5 sqm): a studio on the 5th floor of a 8-storey tower completed in 2022.
What is unit 511 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 511? 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 511, Aras Residence
Starts from the last sale price (AED 440K, 23 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →