603, Aras Residence
Sold prices and rental history: sold once, by the developer in September 2021, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, Aras Residence
What is 603 worth today?
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Source: Dubai Land Department. Updated 24 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 431 sqft
- Floor
- 6th of 8
- Parking
- P2-05
- Developer
- ARAS Real Estate Development
- Completed
- 2022
- Last sold
- AED 432K · September 2021
- Building
- Aras Residence
About 603, Aras Residence
603 is a studio of 431 sqft on the 6th floor of Aras Residence, a 8-storey tower in Majan completed in 2022 by ARAS Real Estate Development . The developer sold it on 12 September 2021 for AED 431,600, or AED 1,000 per sqft, 10% above the AED 905 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 24 August 2025, is AED 44,000 a year: a gross yield of 10.2% on the 2021 price.
Sales and rents for 603 over time
603 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 603 sits
All 36 studios →603 last sold in September 2021 at AED 1,000 per sqft, 10% above what studios in Aras Residence were fetching at the time (AED 905). Over the last 12 months studios sold for AED 450,000 to 475,000, around AED 1,035 per sqft, and rent for AED 33,000 to 48,000 a year. 603's AED 44,000 is in the upper 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 | ||
| 3 Jul 20253 July 2025 | 431 sqft | 485,000 | 1,125 | ||
| 28 May 202528 May 2025 | 457 sqft | 500,000 | 1,095 |
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 6th floor
All 96 units in Aras Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,176 sqft | AED 1.08MAED 1,075,000 · Jun 2022June 2022 | ||
| 602 | 1,181 sqft | AED 435KAED 435,000 · Aug 2025August 2025 | |||
| 604 | 1-bed | 857 sqft | AED 725KAED 725,000 · Apr 2022April 2022 | 68,250 /yr | |
| 605 | Studio | 474 sqft | AED 462KAED 461,800 · Oct 2021October 2021 | ||
| 606 | Studio | 431 sqft | AED 450KAED 450,000 · Dec 2025December 2025 | 42,000 /yr | |
| 607 | 1-bed | 846 sqft | AED 850KAED 850,000 · Mar 2025March 2025 | ||
| 608 | 1-bed | 769 sqft | AED 763KAED 763,300 · Nov 2021November 2021 | 60,000 /yr | |
| 609 | 1-bed | 818 sqft | AED 725KAED 725,000 · May 2022May 2022 | 55,000 /yr | |
| 610 | Studio | 434 sqft | AED 409KAED 409,340 · Sep 2021September 2021 | ||
| 611 | 457 sqft | AED 525KAED 525,000 · Sep 2025September 2025 | 38,000 /yr | ||
| 612 | Studio | 485 sqft | AED 451KAED 450,702 · Oct 2021October 2021 | 35,000 /yr | |
| 613 | 1-bed | 1,117 sqft | AED 792KAED 792,000 · Feb 2022February 2022 | 67,000 /yr | |
| 614 | 1-bed | 1,012 sqft | AED 990KAED 990,000 · Jan 2025January 2025 | 70,000 /yr |
603, Aras Residence in numbers
- Sold once: by ARAS Real Estate Development on 12 September 2021 for AED 431,600, or AED 1,000 per sqft.
- Rented since April 2023 on 3 Ejari contracts, from AED 40,000 to AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2021 price is 10.2%.
- 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 1,043 per sqft.
Source: Dubai Land Department. Updated 24 August 2025.
Questions about 603, Aras Residence
What did unit 603 last sell for?
AED 431,600 on 12 September 2021, sold by the developer: AED 1,000 per sqft for 431 sqft. It is the only registered sale of the unit.
What is the rent for unit 603?
AED 44,000 a year on the contract renewed on 24 August 2025. The previous contract, from August 2024, was AED 44,000; the unit has been rented since April 2023.
How big is unit 603?
431 sqft (40.0 sqm): a studio on the 6th floor of a 8-storey tower completed in 2022.
What is unit 603 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 603, Aras Residence
Starts from the last sale price (AED 432K, 12 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 431,600
- Deposit, UAE resident (20%)
- AED 86,320
- Deposit, non-resident (40%)
- AED 172,640
- Monthly over 25 years at 3.7%
- AED 1,766
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →