703, 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.
Property timeline for 703, Welcome Residency
What is 703 worth today?
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Source: Dubai Land Department. Updated 7 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,327 sqft
- Floor
- 7th of 7
- Parking
- G-72
- Developer
- Alseeb Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.68M · August 2023
- Building
- Welcome Residency
About 703, Welcome Residency
703 is a two-bedroom apartment of 1,327 sqft on the 7th floor of Welcome Residency, a 7-storey tower in Arjan completed in 2024 by Alseeb Real Estate Development. The developer sold it on 1 August 2023 for AED 1,675,200, or AED 1,262 per sqft, 33% above the AED 949 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 7 November 2025, is AED 110,000 a year: a gross yield of 6.6% on the 2023 price.
Sales and rents for 703 over time
703 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 703 sits
All 77 2-beds →703 last sold in August 2023 at AED 1,262 per sqft, 33% above what two-beds in Welcome Residency were fetching at the time (AED 949). 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. 703's AED 110,000 is at the bottom 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 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 | ||
| 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 | ||
| 708 | 2-bed | 1,330 sqft | AED 1.55MAED 1,550,000 · Jul 2024July 2024 | 113,528 /yr | |
| 709 | 1-bed | 1,594 sqft | AED 1.25MAED 1,250,000 · Aug 2023August 2023 | 105,000 /yr | |
| 710 | 2-bed | 1,541 sqft | AED 1.74MAED 1,741,789 · Sep 2023September 2023 |
703, Welcome Residency in numbers
- Sold once: by Alseeb Real Estate Development on 1 August 2023 for AED 1,675,200, or AED 1,262 per sqft.
- Rented since December 2024 on 2 Ejari contracts, from AED 144,000 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2023 price is 6.6%.
- 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 7 November 2025.
Questions about 703, Welcome Residency
What did unit 703 last sell for?
AED 1,675,200 on 1 August 2023, sold by the developer: AED 1,262 per sqft for 1,327 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 110,000 a year on the contract signed on 7 November 2025. The previous contract, from December 2024, was AED 144,000.
How big is unit 703?
1,327 sqft (123.3 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2024.
What is unit 703 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 703, Welcome Residency
Starts from the last sale price (AED 1.68M, 1 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,675,200
- Deposit, UAE resident (20%)
- AED 335,040
- Deposit, non-resident (40%)
- AED 670,080
- Monthly over 25 years at 3.7%
- AED 6,854
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →