711, Aras Residence
Sold prices and rental history: sold once, by the developer in February 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 711, Aras Residence
What is 711 worth today?
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Source: Dubai Land Department. Updated 28 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 457 sqft
- Floor
- 7th of 8
- Parking
- P2-08
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 410K · February 2022
- Building
- Aras Residence
About 711, Aras Residence
711 is a studio of 457 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 11 February 2022 for AED 410,000, or AED 897 per sqft, 5% below the AED 941 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 28 November 2024, is AED 34,500 a year: a gross yield of 8.4% on the 2022 price.
Sales and rents for 711 over time
711 has sold once; 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 711 sits
All 38 studios →711 last sold in February 2022 at AED 897 per sqft, 5% below what studios in Aras Residence were fetching at the time (AED 941). 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. 711's AED 34,500 is in the lower 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 | |
| 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 | |
| 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 |
711, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 11 February 2022 for AED 410,000, or AED 897 per sqft.
- Rented since November 2022 on 3 Ejari contracts, from AED 29,000 to AED 34,500 a year.
- At AED 34,500 a year the gross yield on the 2022 price is 8.4%.
- 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 28 November 2024.
Questions about 711, Aras Residence
What did unit 711 last sell for?
AED 410,000 on 11 February 2022, sold by the developer: AED 897 per sqft for 457 sqft. It is the only registered sale of the unit.
What is the rent for unit 711?
AED 34,500 a year on the contract renewed on 28 November 2024. The previous contract, from November 2023, was AED 34,500; the unit has been rented since November 2022.
How big is unit 711?
457 sqft (42.5 sqm): a studio on the 7th floor of a 8-storey tower completed in 2022.
What is unit 711 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 711, Aras Residence
Starts from the last sale price (AED 410K, 11 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 410,000
- Deposit, UAE resident (20%)
- AED 82,000
- Deposit, non-resident (40%)
- AED 164,000
- Monthly over 25 years at 3.7%
- AED 1,677
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →