514, Welcome Residency
Sold prices and rental history: sold once, by the developer in September 2023, and rented once, from March 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 514, Welcome Residency
What is 514 worth today?
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Source: Dubai Land Department. Updated 1 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,516 sqft
- Floor
- 5th of 7
- Parking
- G-48
- Developer
- Alseeb Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.59M · September 2023
- Building
- Welcome Residency
About 514, Welcome Residency
514 is a two-bedroom apartment of 1,516 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 7 September 2023 for AED 1,591,789, or AED 1,049 per sqft, 7% above the AED 983 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 March 2025. The current contract, renewed on 1 March 2025, is AED 123,000 a year: a gross yield of 7.7% on the 2023 price.
Sales and rents for 514 over time
514 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 514 sits
All 77 2-beds →514 last sold in September 2023 at AED 1,049 per sqft, 7% above what two-beds in Welcome Residency were fetching at the time (AED 983). 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. 514's AED 123,000 is in the upper 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 5th floor
All 94 units in Welcome Residency| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 506 | 3-bed | 1,696 sqft | AED 2.04MAED 2,040,913 · Aug 2023August 2023 | 135,000 /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, Welcome Residency in numbers
- Sold once: by Alseeb Real Estate Development on 7 September 2023 for AED 1,591,789, or AED 1,049 per sqft.
- Rented since March 2025 on one Ejari contract, at AED 123,000 a year.
- At AED 123,000 a year the gross yield on the 2023 price is 7.7%.
- 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 1 March 2025.
Questions about 514, Welcome Residency
What did unit 514 last sell for?
AED 1,591,789 on 7 September 2023, sold by the developer: AED 1,049 per sqft for 1,516 sqft. It is the only registered sale of the unit.
What is the rent for unit 514?
AED 123,000 a year on the contract renewed on 1 March 2025.
How big is unit 514?
1,516 sqft (140.8 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2024.
What is unit 514 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 514, Welcome Residency
Starts from the last sale price (AED 1.59M, 7 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,591,789
- Deposit, UAE resident (20%)
- AED 318,358
- Deposit, non-resident (40%)
- AED 636,716
- Monthly over 25 years at 3.7%
- AED 6,513
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →