Project · Transactions · 2023

Aras Residence Property Transactions 2023

7 property sales worth ⃃ 4.92M were registered in Aras Residence in 2023, 87.3% lower than 2022 by number of sales. The median sale price was ⃃ 750,000 and the median price per square foot ⃃ 875 (+4.8% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 7 salesUpdated: 18 Oct 2026
Property sales
7
−87.3% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 4.92M
−88.1% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 750,000
+4.2% vs 2022
7 sales
Median price per sq ft
⃃ 875
+4.8% vs 2022
7 sales

What types of property sold in Aras Residence in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments7100%⃃ 4.92M⃃ 750,000⃃ 875

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Resale (secondary)7100%⃃ 4.92M⃃ 750,000⃃ 875
Ready7100%⃃ 4.92M⃃ 750,000⃃ 875

How many rental contracts were registered in Aras Residence in 2023?

51 rental contracts (new and renewed) were registered in Aras Residence in 2023, at a median annual rent of ⃃ 47,050 (+12.0% on 2022). Rental yields in Aras Residence

What were the most expensive property sales in Aras Residence in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
09/08/2023Aras Residence2 beds · Apartment1,181 sq ft⃃ 870,000Resale · Ready
04/10/2023Aras Residence1 bed · Apartment846 sq ft⃃ 800,000Resale · Ready
22/03/2023Aras Residence1 bed · Apartment857 sq ft⃃ 750,000Resale · Ready
06/02/2023Aras Residence1 bed · Apartment857 sq ft⃃ 750,000Resale · Ready
22/12/2023Aras Residence1 bed · Apartment818 sq ft⃃ 700,000Resale · Ready
24/08/2023Aras Residence1 bed · Apartment818 sq ft⃃ 615,787Resale · Ready
04/10/2023Aras ResidenceStudio · Apartment457 sq ft⃃ 430,000Resale · Ready

What were the last registered sales of 2023?

No transactions on record for this selection.

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/aras-residence/2023
Aras Residence Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/aras-residence/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Aras Residence in 2023?
7 property sales worth ⃃ 4,915,787 were registered in Aras Residence in 2023. That is 87.3% lower than 2022.
What was the median property price in Aras Residence in 2023?
The median sale price was ⃃ 750,000 and the median price per square foot ⃃ 875 (1 Jan – 31 Dec 2023).

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/aras-residence/2023