507, Welcome Residency
Sold prices and rental history: sold once, by the developer in September 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Welcome Residency
What is 507 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 7 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,342 sqft
- Floor
- 5th of 7
- Parking
- G-42
- Developer
- Alseeb Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.3M · September 2023
- Building
- Welcome Residency
About 507, Welcome Residency
507 is a two-bedroom apartment of 1,342 sqft on the 5th floor of Welcome Residency, a 7-storey tower in Arjan completed in 2024 by Alseeb Real Estate Development. The developer sold it on 7 September 2023 for AED 1,296,104, or AED 965 per sqft, in line with the AED 983 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 507 over time
507 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 Welcome Residency, and where 507 sits
All 78 2-beds →507 last sold in September 2023 at AED 965 per sqft, in line with what two-beds in Welcome Residency were fetching at the time (AED 983). Over the last 12 months two-beds sold for AED 1,440,000 to 1,910,000, around AED 1,189 per sqft, and rent for AED 60,000 to 130,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 1,345 sqft | 1,600,000 | 1,189 | ||
| 29 Oct 202629 October 2026 | 1,524 sqft | 1,670,000 | 1,096 | ||
| 22 Oct 202622 October 2026 | 1,524 sqft | 1,680,000 | 1,102 | ||
| 24 Sep 202624 September 2026 | 1,345 sqft | 1,515,000 | 1,126 |
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 | |
| 506 | 3-bed | 1,708 sqft | AED 2MAED 2,000,000 · Oct 2026October 2026 | 135,000 /yr | |
| 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 |
507, Welcome Residency in numbers
- Sold once: by Alseeb Real Estate Development on 7 September 2023 for AED 1,296,104, or AED 965 per sqft.
- Two-beds in Welcome Residency sold for AED 1,440,000–1,910,000 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 7 September 2023.
Questions about 507, Welcome Residency
What did unit 507 last sell for?
AED 1,296,104 on 7 September 2023, sold by the developer: AED 965 per sqft for 1,342 sqft. It is the only registered sale of the unit.
How big is unit 507?
1,342 sqft (124.7 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2024.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Welcome Residency sold for AED 1,440,000 to 1,910,000 in the last 12 months, around AED 1,189 per sqft.
Selling 507? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 507, Welcome Residency
Starts from the last sale price (AED 1.3M, 7 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,296,104
- Deposit, UAE resident (20%)
- AED 259,221
- Deposit, non-resident (40%)
- AED 518,442
- Monthly over 25 years at 3.7%
- AED 5,303
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →