701, Aras Residence
Sold prices and rental history: sold 3 times, last in January 2026, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Aras Residence
What is 701 worth today?
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Source: Dubai Land Department. Updated 31 March 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,176 sqft
- Floor
- 7th of 8
- Parking
- G-05
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 1.1M · January 2026
- Building
- Aras Residence
About 701, Aras Residence
701 is a two-bedroom apartment of 1,176 sqft on the 7th floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . It last sold on 9 January 2026 for AED 1,100,000, or AED 935 per sqft, 21% above the AED 775 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 7 Ejari contracts. The current contract, signed on 31 March 2026, is AED 84,000 a year: a gross yield of 7.6% on the 2026 price.
Sales and rents for 701 over time
701 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Aras Residence, and where 701 sits
All 16 2-beds →701 last sold in January 2026 at AED 935 per sqft, 21% above what two-beds in Aras Residence were fetching at the time (AED 775). Over the last 12 months two-beds sold for AED 1,100,000 to 1,350,000, around AED 1,135 per sqft, and rent for AED 70,000 to 100,000 a year. 701's AED 84,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Apr 20268 April 2026 | 1,176 sqft | 1,350,000 | 1,147 | ||
| 13 Feb 202613 February 2026 | 1,176 sqft | 1,335,000 | 1,135 | ||
| 8 Sep 20258 September 2025 | 1,176 sqft | 912,000 | 775 | ||
| 18 Aug 202518 August 2025 | 1,181 sqft | 435,000 | 368 |
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 7th floor
All 96 units in Aras Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,181 sqft | AED 1.18MAED 1,175,000 · Dec 2024December 2024 | ||
| 703 | Studio | 431 sqft | AED 410KAED 410,020 · Oct 2021October 2021 | 37,000 /yr | |
| 704 | 1-bed | 857 sqft | AED 860KAED 860,000 · Jan 2025January 2025 | 51,700 /yr | |
| 705 | Studio | 474 sqft | AED 462KAED 461,800 · Sep 2021September 2021 | 50,000 /yr | |
| 706 | Studio | 431 sqft | AED 620KAED 620,000 · Oct 2024October 2024 | 42,000 /yr | |
| 707 | 1-bed | 846 sqft | AED 725KAED 725,000 · Mar 2022March 2022 | ||
| 708 | 1-bed | 769 sqft | AED 763KAED 763,300 · Nov 2021November 2021 | 60,000 /yr | |
| 709 | 1-bed | 818 sqft | AED 718KAED 717,750 · Apr 2022April 2022 | 65,000 /yr | |
| 710 | Studio | 434 sqft | AED 390KAED 390,000 · Oct 2021October 2021 | 32,736 /yr | |
| 711 | Studio | 457 sqft | AED 410KAED 410,000 · Feb 2022February 2022 | 34,500 /yr | |
| 712 | Studio | 485 sqft | AED 460KAED 459,900 · Nov 2021November 2021 | ||
| 713 | 1-bed | 1,117 sqft | AED 775KAED 775,000 · Feb 2022February 2022 | 55,000 /yr | |
| 714 | 1-bed | 1,012 sqft | AED 681KAED 681,150 · Feb 2022February 2022 | 63,000 /yr |
701, Aras Residence in numbers
- Sold 3 times: first on 29 December 2021 for AED 1,000,000, last on 9 January 2026 for AED 1,100,000 (AED 935 per sqft).
- Rented since February 2023 on 7 Ejari contracts, from AED 60,000 to AED 84,000 a year.
- At AED 84,000 a year the gross yield on the 2026 price is 7.6%.
- Two-beds in Aras Residence sold for AED 1,100,000–1,350,000 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 31 March 2026.
Questions about 701, Aras Residence
What did unit 701 last sell for?
AED 1,100,000 on 9 January 2026: AED 935 per sqft for 1,176 sqft. The unit has 3 registered sales; the first was AED 1,000,000 in December 2021.
What is the rent for unit 701?
AED 84,000 a year on the contract signed on 31 March 2026. The previous contract, from March 2026, was AED 100,000; the unit has been rented since February 2023.
How big is unit 701?
1,176 sqft (109.3 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2022.
What is unit 701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Aras Residence sold for AED 1,100,000 to 1,350,000 in the last 12 months, around AED 1,135 per sqft.
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Mortgage on 701, Aras Residence
Starts from the last sale price (AED 1.1M, 9 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →