308, Aras Residence
Sold prices and rental history: sold twice, last in December 2024, and rented once, from February 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Aras Residence
What is 308 worth today?
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Source: Dubai Land Department. Updated 20 February 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 769 sqft
- Floor
- 3rd of 8
- Parking
- P1-17
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 880K · December 2024
- Building
- Aras Residence
About 308, Aras Residence
308 is a one-bedroom apartment of 769 sqft on the 3rd floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . It last sold on 26 December 2024 for AED 880,000, or AED 1,144 per sqft.
One Ejari contract is registered, from 20 February 2025. The current contract, signed on 20 February 2025, is AED 65,000 a year: a gross yield of 7.4% on the 2024 price.
Sales and rents for 308 over time
308 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 308 sits
All 38 1-beds →Over the last 12 months one-beds sold for AED 1,035,000, around AED 1,345 per sqft, and rent for AED 50,000 to 70,000 a year. 308's AED 65,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Feb 20263 February 2026 | 769 sqft | 1,035,000 | 1,345 | ||
| 2 Jun 20252 June 2025 | 857 sqft | 860,000 | 1,003 | ||
| 27 Mar 202527 March 2025 | 769 sqft | 680,000 | 884 | ||
| 25 Mar 202525 March 2025 | 1,117 sqft | 899,999 | 805 |
Aras Residence
Building96 apartments, studios to 3-bed over 8 floors in Majan, completed in 2022 by ARAS Real Estate Development . 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,043
- Typical sale
- AED 1.04M
- Typical rent
- AED 49K /yr
- Typical yield
- 7.6%
Other units on the 3rd floor
All 96 units in Aras Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 1,176 sqft | AED 1.34MAED 1,335,000 · Feb 2026February 2026 | 85,000 /yr | ||
| 302 | 2-bed | 1,181 sqft | AED 965KAED 965,000 · Nov 2021November 2021 | 70,000 /yr | |
| 303 | Studio | 431 sqft | AED 410KAED 410,000 · Sep 2021September 2021 | 42,000 /yr | |
| 304 | 1-bed | 857 sqft | AED 750KAED 750,000 · Mar 2023March 2023 | 52,500 /yr | |
| 305 | Studio | 474 sqft | AED 410KAED 410,136 · Dec 2021December 2021 | 48,000 /yr | |
| 306 | Studio | 431 sqft | AED 428KAED 428,000 · Sep 2021September 2021 | ||
| 307 | 1-bed | 846 sqft | AED 700KAED 699,999 · Apr 2022April 2022 | ||
| 309 | 1-bed | 818 sqft | AED 700KAED 700,000 · Dec 2023December 2023 | 40,000 /yr | |
| 310 | Studio | 434 sqft | AED 380KAED 380,000 · Oct 2021October 2021 | 38,000 /yr | |
| 311 | Studio | 457 sqft | AED 415KAED 415,000 · Sep 2021September 2021 | 40,000 /yr | |
| 312 | Studio | 485 sqft | AED 464KAED 464,000 · Feb 2024February 2024 | 40,000 /yr | |
| 313 | 1-bed | 1,117 sqft | AED 900KAED 899,999 · Mar 2025March 2025 | 54,000 /yr | |
| 314 | 1-bed | 1,012 sqft | AED 787KAED 787,032 · Dec 2021December 2021 | 54,500 /yr |
308, Aras Residence in numbers
- Sold twice: first on 21 January 2022 for AED 711,000, last on 26 December 2024 for AED 880,000 (AED 1,144 per sqft).
- Rented since February 2025 on one Ejari contract, at AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2024 price is 7.4%.
- One-beds in Aras Residence sold for AED 1,035,000–1,035,000 in the 12 months to November 2026; the building's median across all types is AED 1,043 per sqft.
Source: Dubai Land Department. Updated 20 February 2025.
Questions about 308, Aras Residence
What did unit 308 last sell for?
AED 880,000 on 26 December 2024: AED 1,144 per sqft for 769 sqft. The unit has 2 registered sales; the first was AED 711,000 in January 2022.
What is the rent for unit 308?
AED 65,000 a year on the contract signed on 20 February 2025.
How big is unit 308?
769 sqft (71.4 sqm): a one-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2022.
What is unit 308 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 1,035,000 to 1,035,000 in the last 12 months, around AED 1,345 per sqft.
Selling 308? Put it on the OpenOffers board
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Mortgage on 308, Aras Residence
Starts from the last sale price (AED 880K, 26 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 880,000
- Deposit, UAE resident (20%)
- AED 176,000
- Deposit, non-resident (40%)
- AED 352,000
- Monthly over 25 years at 3.7%
- AED 3,600
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →