404, Welcome Residency
Sold prices and rental history: sold once, by the developer in January 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 404, Welcome Residency
What is 404 worth today?
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Source: Dubai Land Department. Updated 10 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,345 sqft
- Floor
- 4th of 7
- Parking
- G-28
- Developer
- Alseeb Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.4M · January 2023
- Building
- Welcome Residency
About 404, Welcome Residency
404 is a two-bedroom apartment of 1,345 sqft on the 4th floor of Welcome Residency, a 7-storey tower in Arjan completed in 2024 by Alseeb Real Estate Development. The developer sold it on 23 January 2023 for AED 1,397,488, or AED 1,043 per sqft, 10% 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, renewed on 10 March 2025, is AED 115,000 a year: a gross yield of 8.2% on the 2023 price.
Sales and rents for 404 over time
404 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 404 sits
All 77 2-beds →404 last sold in January 2023 at AED 1,043 per sqft, 10% 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 1,295 per sqft, and rent for AED 110,000 to 130,000 a year. 404's AED 115,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Feb 20266 February 2026 | 1,331 sqft | 1,440,000 | 1,081 | ||
| 21 Jan 202621 January 2026 | 1,331 sqft | 1,850,000 | 1,389 | ||
| 19 Jan 202619 January 2026 | 1,498 sqft | 1,800,000 | 1,201 | ||
| 15 Dec 202515 December 2025 | 1,344 sqft | 1,910,000 | 1,421 |
Welcome Residency
Building94 apartments, 1-bed to 3-bed over 7 floors in Arjan, completed in 2024 by Alseeb Real Estate Development. 4 sold in the last 12 months.
- Typical price per sqft
- AED 1,295
- Typical sale
- AED 1.83M
- Typical rent
- AED 120K /yr
- Typical yield
- 6.9%
Other units on the 4th floor
All 94 units in Welcome Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,524 sqft | AED 1.66MAED 1,661,555 · Feb 2024February 2024 | ||
| 402 | 2-bed | 1,498 sqft | AED 1.42MAED 1,419,329 · Jun 2024June 2024 | ||
| 403 | 2-bed | 1,341 sqft | AED 1.36MAED 1,363,250 · May 2023May 2023 | ||
| 405 | 2-bed | 1,328 sqft | AED 1.44MAED 1,440,000 · Feb 2026February 2026 | ||
| 406 | 3-bed | 1,696 sqft | AED 1.87MAED 1,865,913 · Aug 2023August 2023 | ||
| 407 | 2-bed | 1,342 sqft | AED 1.41MAED 1,408,808 · Dec 2022December 2022 | ||
| 408 | 2-bed | 1,341 sqft | AED 1.53MAED 1,532,903 · Jan 2023January 2023 | 120,000 /yr | |
| 409 | 3-bed | 1,697 sqft | AED 1.87MAED 1,866,742 · Aug 2023August 2023 | 155,000 /yr | |
| 410 | 2-bed | 1,328 sqft | AED 1.44MAED 1,438,202 · May 2023May 2023 | 130,000 /yr | |
| 411 | 2-bed | 1,345 sqft | AED 1.7MAED 1,700,000 · Jan 2025January 2025 | ||
| 412 | 2-bed | 1,342 sqft | AED 1.45MAED 1,451,948 · May 2023May 2023 | ||
| 413 | 2-bed | 1,499 sqft | AED 1.7MAED 1,700,000 · Oct 2024October 2024 | ||
| 414 | 2-bed | 1,516 sqft | AED 1.72MAED 1,716,789 · Aug 2023August 2023 |
404, Welcome Residency in numbers
- Sold once: by Alseeb Real Estate Development on 23 January 2023 for AED 1,397,488, or AED 1,043 per sqft.
- Rented since March 2024 on 2 Ejari contracts, at AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2023 price is 8.2%.
- 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 1,295 per sqft.
Source: Dubai Land Department. Updated 10 March 2025.
Questions about 404, Welcome Residency
What did unit 404 last sell for?
AED 1,397,488 on 23 January 2023, sold by the developer: AED 1,043 per sqft for 1,345 sqft. It is the only registered sale of the unit.
What is the rent for unit 404?
AED 115,000 a year on the contract renewed on 10 March 2025. The previous contract, from March 2024, was AED 115,000.
How big is unit 404?
1,345 sqft (125.0 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2024.
What is unit 404 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 1,295 per sqft.
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Mortgage on 404, Welcome Residency
Starts from the last sale price (AED 1.4M, 23 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,397,488
- Deposit, UAE resident (20%)
- AED 279,498
- Deposit, non-resident (40%)
- AED 558,995
- Monthly over 25 years at 3.7%
- AED 5,718
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →