708, Welcome Residency
Sold prices and rental history: sold twice, last in July 2024, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Welcome Residency
What is 708 worth today?
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Source: Dubai Land Department. Updated 30 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,330 sqft
- Floor
- 7th of 7
- Parking
- G-75
- Developer
- Alseeb Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.55M · July 2024
- Building
- Welcome Residency
About 708, Welcome Residency
708 is a two-bedroom apartment of 1,330 sqft on the 7th floor of Welcome Residency, a 7-storey tower in Arjan completed in 2024 by Alseeb Real Estate Development. It last sold on 11 July 2024 for AED 1,550,000, or AED 1,165 per sqft, 13% above the AED 1,035 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 30 November 2024. The current contract, signed on 30 November 2024, is AED 113,528 a year: a gross yield of 7.3% on the 2024 price.
Sales and rents for 708 over time
708 has sold twice; 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 708 sits
All 78 2-beds →708 last sold in July 2024 at AED 1,165 per sqft, 13% above what two-beds in Welcome Residency were fetching at the time (AED 1,035). 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. 708's AED 113,528 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 7th floor
All 94 units in Welcome Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,540 sqft | AED 1.87MAED 1,866,000 · Aug 2023August 2023 | ||
| 702 | 1-bed | 1,598 sqft | AED 1.5MAED 1,500,000 · Apr 2025April 2025 | ||
| 703 | 2-bed | 1,330 sqft | AED 1.68MAED 1,675,200 · Jun 2026June 2026 | 110,000 /yr | |
| 704 | 3-bed | 1,677 sqft | AED 1.79MAED 1,786,500 · Aug 2023August 2023 | ||
| 705 | 2-bed | 1,328 sqft | AED 1.68MAED 1,683,000 · Sep 2023September 2023 | 120,000 /yr | |
| 706 | 2-bed | 1,324 sqft | AED 1.56MAED 1,558,000 · Sep 2023September 2023 | 120,000 /yr | |
| 707 | 3-bed | 1,678 sqft | AED 1.79MAED 1,786,500 · Sep 2023September 2023 | ||
| 709 | 1-bed | 1,594 sqft | AED 1.25MAED 1,250,000 · Aug 2023August 2023 | 93,000 /yr | |
| 710 | 2-bed | 1,541 sqft | AED 1.74MAED 1,741,789 · Sep 2023September 2023 | 115,000 /yr |
708, Welcome Residency in numbers
- Sold twice: first on 1 August 2023 for AED 1,572,000, last on 11 July 2024 for AED 1,550,000 (AED 1,165 per sqft).
- Rented since November 2024 on one Ejari contract, at AED 113,528 a year.
- At AED 113,528 a year the gross yield on the 2024 price is 7.3%.
- 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 30 November 2024.
Questions about 708, Welcome Residency
What did unit 708 last sell for?
AED 1,550,000 on 11 July 2024: AED 1,165 per sqft for 1,330 sqft. The unit has 2 registered sales; the first was AED 1,572,000 in August 2023.
What is the rent for unit 708?
AED 113,528 a year on the contract signed on 30 November 2024.
How big is unit 708?
1,330 sqft (123.6 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2024.
What is unit 708 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 708, Welcome Residency
Starts from the last sale price (AED 1.55M, 11 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,550,000
- Deposit, UAE resident (20%)
- AED 310,000
- Deposit, non-resident (40%)
- AED 620,000
- Monthly over 25 years at 3.7%
- AED 6,342
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →