PropertyIndex

Welcome Residency

Completed · Q2 2024|94 units · 1 building

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Welcome Residency is a completed apartment development by ALSEEB REAL ESTATE DEVELOPMENT L.L.C in Arjan, Al Barshaa South Third, comprising 94 registered units. 133 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,187 per sqft. At AED 1,187 per sqft, Welcome Residency prices 22% below the Arjan average of AED 1,526 per sqft on registered sales.

PIX© price · 6.8% YoY
1.66MAED
Typical
1,187AED
PSF
Gross yield
7.2%
PIX© rent ÷ PIX© price
Sale records
133
DLD · all time
Rent contracts
151
Ejari · all time
Welcome Residency

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
1,330 – 1,711 sqft
941.66M1,1876.8%120K7.2%
1 Bed · Apartment
1,598 sqft
2
2 Bed · Apartment
1,330 – 1,544 sqft
78
3 Bed · Apartment
1,708 – 1,711 sqft
14
Sales — Project-Wide133 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
12 Aug 20263 BedFloor 41,7082,075,0001,215+11.2%StandardPayment Plan Sale
9 Jul 20262 BedFloor 21,3451,600,0001,190+18.5%StandardStandard Sale
8 Jun 20262 BedFloor 71,3301,675,2001,2590.0%PremiumPayment Plan Sale
Rentals — Project-Wide151 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 95 rentals
Floors 1-4 · 42 rentals
Floors 5-7 · 53 rentals
Latest contracts
Start DatePositionSizeRent / YrRent PSFvs Prior RentTierType
1 Sep 20261,345125,00093Premiumrenewal
17 Jul 2026Floor 41,345110,00082-11.5%Standardnew
1 Jul 2026Floor 31,345118,00088-9.2%Standardnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Arjan

The closest-priced registered projects in Arjan.

Common questions about Welcome Residency

Answered from Dubai Land Department registered transactions.

How much does a property in Welcome Residency cost?

Property in Welcome Residency sells at a current PIX© price of AED 1,187 per sqft, or about AED 1,662,423 for a typical unit, based on 133 sales registered with the Dubai Land Department.

Is Welcome Residency completed?

Yes. Welcome Residency is recorded as completed in the Dubai Land Department project register (completed q2 2024).

Who is the developer of Welcome Residency?

Welcome Residency is developed by ALSEEB REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Welcome Residency?

Welcome Residency yields 7.2% gross, calculated from current PIX© rent against current PIX© sale price, across 151 registered Ejari contracts.

How many units are in Welcome Residency?

Welcome Residency holds 94 registered units, per the Dubai Land Department unit register.

Have prices in Welcome Residency gone up or down?

Price per sqft has fallen -6.8% over the last 12 months, to AED 1,187, across 133 registered sales.