508, Welcome Residency
Sold prices and rental history: sold once, by the developer in May 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Welcome Residency
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,341 sqft
- Floor
- 5th of 7
- Parking
- G-43
- Developer
- Alseeb Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.48M · May 2023
- Building
- Welcome Residency
About 508, Welcome Residency
508 is a two-bedroom apartment of 1,341 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 16 May 2023 for AED 1,476,080, or AED 1,100 per sqft, 17% above the AED 944 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 1 January 2026, is AED 120,000 a year: a gross yield of 8.1% on the 2023 price.
Sales and rents for 508 over time
508 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 508 sits
All 78 2-beds →508 last sold in May 2023 at AED 1,100 per sqft, 17% above what two-beds in Welcome Residency were fetching at the time (AED 944). 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. 508's AED 120,000 is in the upper half of that range.
| 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 | |
| 507 | 2-bed | 1,342 sqft | AED 1.3MAED 1,296,104 · Sep 2023September 2023 | ||
| 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 |
508, Welcome Residency in numbers
- Sold once: by Alseeb Real Estate Development on 16 May 2023 for AED 1,476,080, or AED 1,100 per sqft.
- Rented since November 2024 on 2 Ejari contracts, from AED 115,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2023 price is 8.1%.
- 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 1 January 2026.
Questions about 508, Welcome Residency
What did unit 508 last sell for?
AED 1,476,080 on 16 May 2023, sold by the developer: AED 1,100 per sqft for 1,341 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 120,000 a year on the contract signed on 1 January 2026. The previous contract, from November 2024, was AED 115,000.
How big is unit 508?
1,341 sqft (124.6 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2024.
What is unit 508 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.
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Mortgage on 508, Welcome Residency
Starts from the last sale price (AED 1.48M, 16 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,476,080
- Deposit, UAE resident (20%)
- AED 295,216
- Deposit, non-resident (40%)
- AED 590,432
- Monthly over 25 years at 3.7%
- AED 6,039
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →