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2-bed · 1,305 sqftAras Heights, Majan · 5th floor · completed 2023

501, Aras Heights

Sold prices and rental history: sold once, by the developer in March 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 26 March 2024
Last soldAED 1.2M26 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Aras Heights

What is 501 worth today?

Last sold for AED 1,199,700 in 2024

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26 Mar 2024Sold by developerOff-plan
AED 1,199,700AED 919 per sqft

Source: Dubai Land Department. Updated 26 March 2024.

Key facts

Type
2-bed apartment
Size
1,305 sqft
Floor
5th of 9
Parking
1
Developer
ARAS Real Estate Development
Completed
2023
Last sold
AED 1.2M · March 2024
Building
Aras Heights

About 501, Aras Heights

501 is a two-bedroom apartment of 1,305 sqft on the 5th floor of Aras Heights, a 9-storey tower in Majan completed in 2023 by ARAS Real Estate Development . The developer sold it on 26 March 2024 for AED 1,199,700, or AED 919 per sqft, in line with the AED 929 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

2-beds in Aras Heights, and where 501 sits

All 39 2-beds →

501 last sold in March 2024 at AED 919 per sqft, in line with what two-beds in Aras Heights were fetching at the time (AED 929). Over the last 12 months two-beds sold for AED 1,400,000, around AED 1,045 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Feb 20261,400,000
1 Nov 20241,363,000
17 Sep 20241,377,500
2 Sep 20241,275,000
1 2-bed sale in the last 12 months

Aras Heights

Building

67 apartments, studios to 3-bed over 9 floors in Majan, completed in 2023 by ARAS Real Estate Development . 1 sold in the last 12 months.

Typical price per sqft
AED 1,045
Typical sale
AED 1.4M
Typical rent
Few contracts
Typical yield
Aras Heights, Majan: prices, sales and rents →

Other units on the 5th floor

All 67 units in Aras Heights
Value
5022-bedAED 1.22M · Apr 2024
5032-bedAED 1.29M · May 2024
5042-bedAED 1.29M · May 2024
505StudioAED 660K · May 2024
5062-bedAED 1.29M · Jul 2024
5081-bedAED 770K · Feb 2024
509StudioAED 630K · Jun 2024

501, Aras Heights in numbers

  • Sold once: by ARAS Real Estate Development on 26 March 2024 for AED 1,199,700, or AED 919 per sqft.
  • Two-beds in Aras Heights sold for AED 1,400,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,045 per sqft.

Source: Dubai Land Department. Updated 26 March 2024.

Questions about 501, Aras Heights

What did unit 501 last sell for?

AED 1,199,700 on 26 March 2024, sold by the developer: AED 919 per sqft for 1,305 sqft. It is the only registered sale of the unit.

How big is unit 501?

1,305 sqft (121.2 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2023.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Aras Heights sold for AED 1,400,000 to 1,400,000 in the last 12 months, around AED 1,045 per sqft.

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Mortgage on 501, Aras Heights

Starts from the last sale price (AED 1.2M, 26 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,199,700
Deposit, UAE resident (20%)
AED 239,940
Deposit, non-resident (40%)
AED 479,880
Monthly over 25 years at 3.7%
AED 4,908

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →