708, Aras Residence
Sold prices and rental history: sold once, by the developer in November 2021, and rented once, from December 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Aras Residence
What is 708 worth today?
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Source: Dubai Land Department. Updated 4 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 769 sqft
- Floor
- 7th of 8
- Parking
- P1-32
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 763K · November 2021
- Building
- Aras Residence
About 708, Aras Residence
708 is a one-bedroom apartment of 769 sqft on the 7th floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . The developer sold it on 8 November 2021 for AED 763,300, or AED 992 per sqft, 27% above the AED 779 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 4 December 2025. The current contract, renewed on 4 December 2025, is AED 60,000 a year: a gross yield of 7.9% on the 2021 price.
Sales and rents for 708 over time
708 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 708 sits
All 41 1-beds →708 last sold in November 2021 at AED 992 per sqft, 27% above what one-beds in Aras Residence were fetching at the time (AED 779). 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. 708'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 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 | |
| 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 | ||
| 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 |
708, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 8 November 2021 for AED 763,300, or AED 992 per sqft.
- Rented since December 2025 on one Ejari contract, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2021 price is 7.9%.
- 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 4 December 2025.
Questions about 708, Aras Residence
What did unit 708 last sell for?
AED 763,300 on 8 November 2021, sold by the developer: AED 992 per sqft for 769 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 60,000 a year on the contract renewed on 4 December 2025.
How big is unit 708?
769 sqft (71.4 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2022.
What is unit 708 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 708, Aras Residence
Starts from the last sale price (AED 763K, 8 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 763,300
- Deposit, UAE resident (20%)
- AED 152,660
- Deposit, non-resident (40%)
- AED 305,320
- Monthly over 25 years at 3.7%
- AED 3,123
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →