704, Aras Residence
Sold prices and rental history: sold twice, last in January 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Aras Residence
What is 704 worth today?
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Source: Dubai Land Department. Updated 29 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 857 sqft
- Floor
- 7th of 8
- Parking
- P2-24
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 860K · January 2025
- Building
- Aras Residence
About 704, Aras Residence
704 is a one-bedroom apartment of 857 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 29 January 2025 for AED 860,000, or AED 1,003 per sqft, in line with the AED 991 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 25 November 2023, is AED 51,700 a year: a gross yield of 6.0% on the 2025 price.
Sales and rents for 704 over time
704 has sold twice; 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 704 sits
All 41 1-beds →704 last sold in January 2025 at AED 1,003 per sqft, in line with what one-beds in Aras Residence were fetching at the time (AED 991). 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. 704's AED 51,700 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 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 | |
| 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 | |
| 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 |
704, Aras Residence in numbers
- Sold twice: first on 15 April 2022 for AED 725,000, last on 29 January 2025 for AED 860,000 (AED 1,003 per sqft).
- Rented since November 2022 on 2 Ejari contracts, from AED 47,000 to AED 51,700 a year.
- At AED 51,700 a year the gross yield on the 2025 price is 6.0%.
- 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 29 January 2025.
Questions about 704, Aras Residence
What did unit 704 last sell for?
AED 860,000 on 29 January 2025: AED 1,003 per sqft for 857 sqft. The unit has 2 registered sales; the first was AED 725,000 in April 2022.
What is the rent for unit 704?
AED 51,700 a year on the contract renewed on 25 November 2023. The previous contract, from November 2022, was AED 47,000.
How big is unit 704?
857 sqft (79.6 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2022.
What is unit 704 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 704, Aras Residence
Starts from the last sale price (AED 860K, 29 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 860,000
- Deposit, UAE resident (20%)
- AED 172,000
- Deposit, non-resident (40%)
- AED 344,000
- Monthly over 25 years at 3.7%
- AED 3,519
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →