407, Welcome Residency
Sold prices and rental history: sold once, by the developer in December 2022, 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 407, Welcome Residency
What is 407 worth today?
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Source: Dubai Land Department. Updated 19 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,342 sqft
- Floor
- 4th of 7
- Parking
- 1
- Developer
- Alseeb Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.41M · December 2022
- Building
- Welcome Residency
About 407, Welcome Residency
407 is a two-bedroom apartment of 1,342 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 19 December 2022 for AED 1,408,808, or AED 1,049 per sqft.
No rental contract for the unit is registered on Ejari.
Sales and rents for 407 over time
407 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 407 sits
All 77 2-beds →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.
| 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 | ||
| 404 | 2-bed | 1,345 sqft | AED 1.4MAED 1,397,488 · Jan 2023January 2023 | 115,000 /yr | |
| 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 | ||
| 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 |
407, Welcome Residency in numbers
- Sold once: by Alseeb Real Estate Development on 19 December 2022 for AED 1,408,808, or AED 1,049 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 1,295 per sqft.
Source: Dubai Land Department. Updated 19 December 2022.
Questions about 407, Welcome Residency
What did unit 407 last sell for?
AED 1,408,808 on 19 December 2022, sold by the developer: AED 1,049 per sqft for 1,342 sqft. It is the only registered sale of the unit.
How big is unit 407?
1,342 sqft (124.7 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2024.
What is unit 407 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 407, Welcome Residency
Starts from the last sale price (AED 1.41M, 19 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,408,808
- Deposit, UAE resident (20%)
- AED 281,762
- Deposit, non-resident (40%)
- AED 563,523
- Monthly over 25 years at 3.7%
- AED 5,764
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →