513, Aras Residence
Sold prices and rental history: sold once, by the developer in March 2022, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 513, Aras Residence
What is 513 worth today?
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Source: Dubai Land Department. Updated 5 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,117 sqft
- Floor
- 5th of 8
- Parking
- P1-11
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 681K · March 2022
- Building
- Aras Residence
About 513, Aras Residence
513 is a one-bedroom apartment of 1,117 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 16 March 2022 for AED 681,150, or AED 609 per sqft, 18% below the AED 744 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 5 July 2024. The current contract, renewed on 5 July 2024, is AED 60,000 a year: a gross yield of 8.8% on the 2022 price.
Sales and rents for 513 over time
513 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Aras Residence, and where 513 sits
All 41 1-beds →513 last sold in March 2022 at AED 609 per sqft, 18% below what one-beds in Aras Residence were fetching at the time (AED 744). Over the last 12 months one-beds sold for AED 640,000 to 1,035,000, around AED 1,012 per sqft, and rent for AED 50,000 to 75,000 a year. 513's AED 60,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Oct 20268 October 2026 | 828 sqft | 640,000 | 772 | ||
| 4 Aug 20264 August 2026 | 818 sqft | 870,000 | 1,063 | ||
| 30 Jul 202630 July 2026 | 857 sqft | 725,000 | 845 | ||
| 5 May 20265 May 2026 | 818 sqft | 828,000 | 1,012 |
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 | |
| 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 | |
| 514 | 1-bed | 1,012 sqft | AED 845KAED 844,800 · Mar 2022March 2022 | 50,000 /yr |
513, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 16 March 2022 for AED 681,150, or AED 609 per sqft.
- Rented since July 2024 on one Ejari contract, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2022 price is 8.8%.
- One-beds in Aras Residence sold for AED 640,000–1,035,000 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 July 2024.
Questions about 513, Aras Residence
What did unit 513 last sell for?
AED 681,150 on 16 March 2022, sold by the developer: AED 609 per sqft for 1,117 sqft. It is the only registered sale of the unit.
What is the rent for unit 513?
AED 60,000 a year on the contract renewed on 5 July 2024.
How big is unit 513?
1,117 sqft (103.8 sqm): a one-bedroom apartment on the 5th floor of a 8-storey tower completed in 2022.
What is unit 513 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Aras Residence sold for AED 640,000 to 1,035,000 in the last 12 months, around AED 1,012 per sqft.
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Mortgage on 513, Aras Residence
Starts from the last sale price (AED 681K, 16 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 681,150
- Deposit, UAE resident (20%)
- AED 136,230
- Deposit, non-resident (40%)
- AED 272,460
- Monthly over 25 years at 3.7%
- AED 2,787
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →