706, Aras Residence
Sold prices and rental history: sold twice, last in October 2024, and rented once, from August 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Aras Residence
What is 706 worth today?
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Source: Dubai Land Department. Updated 12 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 431 sqft
- Floor
- 7th of 8
- Parking
- P2-07
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 620K · October 2024
- Building
- Aras Residence
About 706, Aras Residence
706 is a studio of 431 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 2 October 2024 for AED 620,000, or AED 1,438 per sqft, 50% above the AED 956 studios in the building were fetching at the time.
One Ejari contract is registered, from 12 August 2026. The current contract, signed on 12 August 2026, is AED 42,000 a year: a gross yield of 6.8% on the 2024 price.
Sales and rents for 706 over time
706 has sold twice; 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 706 sits
All 38 studios →706 last sold in October 2024 at AED 1,438 per sqft, 50% above what studios in Aras Residence were fetching at the time (AED 956). 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. 706's AED 42,000 is in the upper 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 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 | |
| 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 | |
| 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 |
706, Aras Residence in numbers
- Sold twice: first on 13 September 2021 for AED 434,700, last on 2 October 2024 for AED 620,000 (AED 1,438 per sqft).
- Rented since August 2026 on one Ejari contract, at AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2024 price is 6.8%.
- 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 12 August 2026.
Questions about 706, Aras Residence
What did unit 706 last sell for?
AED 620,000 on 2 October 2024: AED 1,438 per sqft for 431 sqft. The unit has 2 registered sales; the first was AED 434,700 in September 2021.
What is the rent for unit 706?
AED 42,000 a year on the contract signed on 12 August 2026.
How big is unit 706?
431 sqft (40.0 sqm): a studio on the 7th floor of a 8-storey tower completed in 2022.
What is unit 706 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.
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Mortgage on 706, Aras Residence
Starts from the last sale price (AED 620K, 2 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 620,000
- Deposit, UAE resident (20%)
- AED 124,000
- Deposit, non-resident (40%)
- AED 248,000
- Monthly over 25 years at 3.7%
- AED 2,537
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →