3-bed · 1,696 sqftWelcome Residency, Arjan · 5th floor · completed 2024

506, Welcome Residency

Sold prices and rental history: sold once, by the developer in August 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 506 · DLD and Ejari recordsUpdated 1 September 2025

Last soldAED 2.04M29 August 2023

Current rentAED 135K /yr1 September 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 506, Welcome Residency

Today

What is 506 worth today?

Last sold for AED 2,040,913 in 2023

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1 Sep 2025

1 Sep 2025RentedNew contract

AED 135,000/yr12 months · AED 79 per sqft

1 Apr 2025

1 Apr 2025RentedRenewal

AED 130,000/yr12 months · AED 76 per sqft

1 Apr 2024

1 Apr 2024RentedNew contract

AED 130,000/yr12 months · AED 76 per sqft

29 Aug 2023

29 Aug 2023Sold by developerOff-plan

AED 2,040,913AED 1,203 per sqft

Source: Dubai Land Department. Updated 1 September 2025.

Key facts

Type: 3-bed apartment
Size: 1,696 sqft
Floor: 5th of 7
Parking: G-108,G-109
Developer: Alseeb Real Estate Development
Completed: 2024
Last sold: AED 2.04M · August 2023
Building: Welcome Residency

About 506, Welcome Residency

506 is a three-bedroom apartment of 1,696 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 29 August 2023 for AED 2,040,913, or AED 1,203 per sqft, 9% above the AED 1,099 three-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 1 September 2025, is AED 135,000 a year: a gross yield of 6.6% on the 2023 price.

Sales and rents for 506 over time

Sales

Unit 506, each saleTypical three-bed in Welcome Residency

506 has sold once; the dashed line is the three-bed median of each year in the building.

Rents

Unit 506, each contractTypical three-bed in Welcome Residency

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Welcome Residency, and where 506 sits

All 14 3-beds →

Welcome Residency · all types1,295 /sqft

506 last sold in August 2023 at AED 1,203 per sqft, 9% above what three-beds in Welcome Residency were fetching at the time (AED 1,099).

Recent 3-bed sales	Size	Price (AED)	Per sqft
14 Jul 202514 July 2025	1,710 sqft	2,345,000	1,371
4 Apr 20244 April 2024	1,710 sqft	2,170,000	1,269
12 Mar 202412 March 2024	1,708 sqft	1,877,595	1,099
22 Jan 202422 January 2024	1,710 sqft	2,000,000	1,169

0 3-bed sales in the last 12 months

Welcome Residency

Building

94 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%

Welcome Residency, Arjan: prices, sales and rents →

Other units on the 5th floor

All 94 units in Welcome Residency


501	2-bed	1,524 sqft	AED 1.77MAED 1,766,110 · Sep 2023September 2023	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	110,000 /yr
505	2-bed	1,328 sqft	AED 1.3MAED 1,300,000 · Jun 2023June 2023	110,000 /yr
507	2-bed	1,342 sqft	AED 1.3MAED 1,296,104 · Sep 2023September 2023
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		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

1–7 of 13

506, Welcome Residency in numbers

Sold once: by Alseeb Real Estate Development on 29 August 2023 for AED 2,040,913, or AED 1,203 per sqft.
Rented since April 2024 on 3 Ejari contracts, from AED 130,000 to AED 135,000 a year.
At AED 135,000 a year the gross yield on the 2023 price is 6.6%.

Source: Dubai Land Department. Updated 1 September 2025.

Questions about 506, Welcome Residency

What did unit 506 last sell for?

AED 2,040,913 on 29 August 2023, sold by the developer: AED 1,203 per sqft for 1,696 sqft. It is the only registered sale of the unit.

What is the rent for unit 506?

AED 135,000 a year on the contract signed on 1 September 2025. The previous contract, from April 2025, was AED 130,000; the unit has been rented since April 2024.

How big is unit 506?

1,696 sqft (157.6 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2024.

What is unit 506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 506, Welcome Residency

Starts from the last sale price (AED 2.04M, 29 August 2023). Switch to today's estimate once you have unlocked it.

Price: AED 2,040,913
Deposit, UAE resident (20%): AED 408,183
Deposit, non-resident (40%): AED 816,365
Monthly over 25 years at 3.7%: AED 8,350

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →