PropertyIndex

ARAS Residence

Completed · Q2 2022|96 units · 1 building

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ARAS Residence is a completed apartment development by A R A S REAL ESTATE DEVELOPMENT L.L.C in Majan, Wadi Al Safa 3, comprising 96 registered units. 131 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,034 per sqft. At AED 1,034 per sqft, ARAS Residence prices 33% below the Majan average of AED 1,532 per sqft on registered sales.

PIX© price · 4.2% YoY
831KAED
Typical
1,034AED
PSF
Gross yield
7.3%
PIX© rent ÷ PIX© price
Sale records
131
DLD · all time
Rent contracts
230
Ejari · all time
ARAS Residence

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
431 – 2,449 sqft
96831K1,0344.2%61K7.3%
Residential
Studio · Apartment
431 – 668 sqft
38
1 Bed · Apartment
769 – 1,198 sqft
41
2 Bed · Apartment
1,176 – 2,120 sqft
16
3 Bed · Apartment
2,449 sqft
1
Land
Development Land
17,874 sqft
Sales — Project-Wide131 DLD records
Sale price AED/sqft · monthly · all time

Price per sqft has risen +4.2% over the last 12 months, to AED 1,034, across 131 registered sales.

PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range · all time
PSF range
Avg size
Cash : mortgage
Off-plan : ready
DateSizePricePSFUnit TypeType
5 Aug 2026818870,0001,063StandardStandard Sale
30 Jul 2026857725,000846StandardPayment Plan Sale
5 May 2026818828,0001,012StandardPayment Plan Sale
Rentals — Project-Wide230 Ejari contracts
Annual rent AED · monthly · all time
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range · all time
Renewals
Corporate
Start DateSizeRent / YrRent PSFUnit TypeType
15 Aug 202643145,000104Standardrenewal
1 Aug 20261,18180,00068Entry Levelnew
1 Aug 202643142,00097Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Majan

The closest-priced registered projects in Majan.

Common questions about ARAS Residence

Answered from Dubai Land Department registered transactions.

How much does a property in ARAS Residence cost?

Property in ARAS Residence sells at a current PIX© price of AED 1,034 per sqft, or about AED 830,945 for a typical unit, based on 131 sales registered with the Dubai Land Department.

Is ARAS Residence completed?

Yes. ARAS Residence is recorded as completed in the Dubai Land Department project register (completed q2 2022).

Who is the developer of ARAS Residence?

ARAS Residence is developed by A R A S REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in ARAS Residence?

ARAS Residence yields 7.3% gross, calculated from current PIX© rent against current PIX© sale price, across 230 registered Ejari contracts.

How many units are in ARAS Residence?

ARAS Residence holds 96 registered units, per the Dubai Land Department unit register.

Have prices in ARAS Residence gone up or down?

Price per sqft has risen +4.2% over the last 12 months, to AED 1,034, across 131 registered sales.