702, Aras Residence
Sold prices and rental history: sold twice, last in December 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Aras Residence
What is 702 worth today?
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Source: Dubai Land Department. Updated 17 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,181 sqft
- Floor
- 7th of 8
- Parking
- G-04
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 1.18M · December 2024
- Building
- Aras Residence
About 702, Aras Residence
702 is a two-bedroom apartment of 1,181 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 17 December 2024 for AED 1,175,000, or AED 995 per sqft.
No rental contract for the unit is registered on Ejari.
Sales and rents for 702 over time
702 has sold twice; 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 702 sits
All 16 2-beds →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.
| 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 | ||
| 9 Jan 20269 January 2026 | 1,176 sqft | 1,100,000 | 935 | ||
| 8 Sep 20258 September 2025 | 1,176 sqft | 912,000 | 775 |
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 | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,176 sqft | AED 1.1MAED 1,100,000 · Jan 2026January 2026 | 84,000 /yr | |
| 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 |
702, Aras Residence in numbers
- Sold twice: first on 28 November 2021 for AED 999,300, last on 17 December 2024 for AED 1,175,000 (AED 995 per sqft).
- 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 17 December 2024.
Questions about 702, Aras Residence
What did unit 702 last sell for?
AED 1,175,000 on 17 December 2024: AED 995 per sqft for 1,181 sqft. The unit has 2 registered sales; the first was AED 999,300 in November 2021.
How big is unit 702?
1,181 sqft (109.7 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2022.
What is unit 702 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 702, Aras Residence
Starts from the last sale price (AED 1.18M, 17 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,175,000
- Deposit, UAE resident (20%)
- AED 235,000
- Deposit, non-resident (40%)
- AED 470,000
- Monthly over 25 years at 3.7%
- AED 4,807
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →