506, Welcome Residency
Sold prices and rental history: sold twice, last in October 2026, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Welcome Residency
What is 506 worth today?
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Source: Dubai Land Department. Updated 22 October 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,708 sqft
- Floor
- 5th of 7
- Parking
- G-108,G-109
- Developer
- Alseeb Real Estate Development
- Completed
- 2024
- Last sold
- AED 2M · October 2026
- Building
- Welcome Residency
About 506, Welcome Residency
506 is a three-bedroom apartment of 1,708 sqft on the 5th floor of Welcome Residency, a 7-storey tower in Arjan completed in 2024 by Alseeb Real Estate Development. It last sold on 22 October 2026 for AED 2,000,000, or AED 1,171 per sqft, in line with the AED 1,171 three-beds in the building were fetching at the time.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, signed on 1 September 2025, is AED 135,000 a year: a gross yield of 6.8% on the 2026 price.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Welcome Residency, and where 506 sits
All 14 3-beds →506 last sold in October 2026 at AED 1,171 per sqft, in line with what three-beds in Welcome Residency were fetching at the time (AED 1,171). Over the last 12 months three-beds sold for AED 1,920,000 to 2,075,000, around AED 1,171 per sqft, and rent for AED 150,000 to 179,517 a year. 506's AED 135,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Aug 202612 August 2026 | 1,708 sqft | 2,075,000 | 1,215 | ||
| 15 Apr 202615 April 2026 | 1,708 sqft | 1,920,000 | 1,123 | ||
| 14 Jul 202514 July 2025 | 1,710 sqft | 2,345,000 | 1,371 | ||
| 4 Apr 20244 April 2024 | 1,710 sqft | 2,170,000 | 1,269 |
Welcome Residency
Building94 apartments, 1-bed to 3-bed over 7 floors in Arjan, completed in 2024 by Alseeb Real Estate Development. 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,189
- Typical sale
- AED 1.69M
- Typical rent
- AED 118K /yr
- Typical yield
- 7.0%
Other units on the 5th floor
All 94 units in Welcome Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,524 sqft | AED 1.67MAED 1,670,000 · Oct 2026October 2026 | 125,000 /yr | |
| 502 | 2-bed | 1,494 sqft | AED 1.42MAED 1,419,329 · Aug 2023August 2023 | 125,000 /yr | |
| 503 | 2-bed | 1,341 sqft | AED 1.53MAED 1,532,903 · Aug 2023August 2023 | 120,000 /yr | |
| 504 | 2-bed | 1,345 sqft | AED 1.7MAED 1,700,000 · May 2025May 2025 | 80,000 /yr | |
| 505 | 2-bed | 1,328 sqft | AED 1.3MAED 1,300,000 · Jun 2023June 2023 | 105,000 /yr | |
| 507 | 2-bed | 1,342 sqft | AED 1.3MAED 1,296,104 · Sep 2023September 2023 | ||
| 508 | 2-bed | 1,341 sqft | AED 1.48MAED 1,476,080 · May 2023May 2023 | 120,000 /yr | |
| 509 | 3-bed | 1,710 sqft | AED 1.77MAED 1,773,405 · Sep 2023September 2023 | 179,517 /yr | |
| 510 | 2-bed | 1,331 sqft | AED 1.83MAED 1,830,000 · Nov 2025November 2025 | 135,000 /yr | |
| 511 | 2-bed | 673 sqft | AED 600KAED 600,000 · Apr 2024April 2024 | 110,000 /yr | |
| 512 | 2-bed | 1,342 sqft | AED 1.41MAED 1,408,694 · May 2023May 2023 | ||
| 513 | 2-bed | 1,494 sqft | AED 1.42MAED 1,419,431 · Aug 2023August 2023 | 125,000 /yr | |
| 514 | 2-bed | 1,516 sqft | AED 1.59MAED 1,591,789 · Sep 2023September 2023 | 123,000 /yr |
506, Welcome Residency in numbers
- Sold twice: first on 29 August 2023 for AED 2,040,913, last on 22 October 2026 for AED 2,000,000 (AED 1,171 per sqft).
- Rented since April 2024 on 4 Ejari contracts, from AED 130,000 to AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2026 price is 6.8%.
- Three-beds in Welcome Residency sold for AED 1,920,000–2,075,000 in the 12 months to November 2026; the building's median across all types is AED 1,189 per sqft.
Source: Dubai Land Department. Updated 22 October 2026.
Questions about 506, Welcome Residency
What did unit 506 last sell for?
AED 2,000,000 on 22 October 2026: AED 1,171 per sqft for 1,708 sqft. The unit has 2 registered sales; the first was AED 2,040,913 in August 2023.
What is the rent for unit 506?
AED 135,000 a year on the contract signed on 1 September 2025. The previous contract, from April 2025, was AED 130,000; the unit has been rented since April 2024.
How big is unit 506?
1,708 sqft (158.7 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2024.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Welcome Residency sold for AED 1,920,000 to 2,075,000 in the last 12 months, around AED 1,171 per sqft.
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Mortgage on 506, Welcome Residency
Starts from the last sale price (AED 2M, 22 October 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →