502, Aras Residence
Sold prices and rental history: sold once, by the developer in February 2022, and rented once, from January 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Aras Residence
What is 502 worth today?
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Source: Dubai Land Department. Updated 1 January 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,181 sqft
- Floor
- 5th of 8
- Parking
- G-08
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 968K · February 2022
- Building
- Aras Residence
About 502, Aras Residence
502 is a two-bedroom apartment of 1,181 sqft on the 5th floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . The developer sold it on 23 February 2022 for AED 967,500, or AED 819 per sqft, in line with the AED 819 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 January 2023. The current contract, signed on 1 January 2023, is AED 65,000 a year: a gross yield of 6.7% on the 2022 price.
Sales and rents for 502 over time
502 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Aras Residence, and where 502 sits
All 14 2-beds →502 last sold in February 2022 at AED 819 per sqft, in line with what two-beds in Aras Residence were fetching at the time (AED 819). Over the last 12 months two-beds sold for AED 1,100,000 to 1,335,000, around AED 1,035 per sqft, and rent for AED 78,750 to 95,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jan 20269 January 2026 | 1,176 sqft | 1,100,000 | 935 | ||
| 17 Dec 202417 December 2024 | 1,181 sqft | 1,175,000 | 994 | ||
| 10 Oct 202410 October 2024 | 1,176 sqft | 950,000 | 807 | ||
| 1 Nov 20221 November 2022 | 2,120 sqft | 1,390,000 | 655 |
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 5th floor
All 96 units in Aras Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,176 sqft | AED 850KAED 850,150 · Mar 2022March 2022 | 78,750 /yr | |
| 503 | Studio | 431 sqft | AED 500KAED 500,000 · Dec 2024December 2024 | 47,000 /yr | |
| 504 | 1-bed | 857 sqft | AED 860KAED 860,000 · Jun 2025June 2025 | ||
| 505 | Studio | 474 sqft | AED 450KAED 450,000 · Mar 2022March 2022 | 37,500 /yr | |
| 506 | 431 sqft | AED 510KAED 510,000 · Sep 2025September 2025 | |||
| 507 | 1-bed | 846 sqft | AED 750KAED 750,000 · Apr 2022April 2022 | ||
| 508 | 1-bed | 769 sqft | AED 1.04MAED 1,035,000 · Feb 2026February 2026 | 80,000 /yr | |
| 509 | 1-bed | 818 sqft | AED 725KAED 725,000 · Jun 2022June 2022 | ||
| 510 | Studio | 434 sqft | AED 411KAED 410,650 · Mar 2022March 2022 | 44,000 /yr | |
| 511 | Studio | 457 sqft | AED 440KAED 440,000 · Feb 2022February 2022 | 35,000 /yr | |
| 512 | Studio | 485 sqft | AED 460KAED 460,000 · Feb 2022February 2022 | 36,000 /yr | |
| 513 | 1-bed | 1,117 sqft | AED 681KAED 681,150 · Mar 2022March 2022 | 60,000 /yr | |
| 514 | 1-bed | 1,012 sqft | AED 845KAED 844,800 · Mar 2022March 2022 | 50,000 /yr |
502, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 23 February 2022 for AED 967,500, or AED 819 per sqft.
- Rented since January 2023 on one Ejari contract, at AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2022 price is 6.7%.
- Two-beds in Aras Residence sold for AED 1,100,000–1,335,000 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 1 January 2023.
Questions about 502, Aras Residence
What did unit 502 last sell for?
AED 967,500 on 23 February 2022, sold by the developer: AED 819 per sqft for 1,181 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 65,000 a year on the contract signed on 1 January 2023.
How big is unit 502?
1,181 sqft (109.7 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2022.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Aras Residence sold for AED 1,100,000 to 1,335,000 in the last 12 months, around AED 1,035 per sqft.
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Mortgage on 502, Aras Residence
Starts from the last sale price (AED 968K, 23 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 967,500
- Deposit, UAE resident (20%)
- AED 193,500
- Deposit, non-resident (40%)
- AED 387,000
- Monthly over 25 years at 3.7%
- AED 3,958
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →