Isotopic signatures of heavy noble gases in the Earth's mantle contain a major component recycled by subduction. The experimental and field studies reported in the literature show increasing evidence that serpentine minerals can hold large quantities of noble gases, potentially serving as their primary vectors to depth. However, at present, their retention mechanism in these minerals is not fully understood. Additionally, noble gas solubilities from field and experimental studies show large differences in terms of elemental concentrations. Here, we performed crystal chemical modeling to evaluate the incorporation mechanism of noble gases and their solubilities in serpentine minerals along subduction zone geotherms. To this end, we determined the thermal equation of state of xenon using in situ X-ray diffraction and absorption up to 60 GPa and 728 K. In this range, the xenon equation of state is well-adjusted using the Mie-Grüneisen-Debye formalism with relevant fitting parameters. We show that the experimentally observed solubility trend, which follows the order Ne < He < Ar < Kr < Xe, can be explained by the incorporation of noble gases at two distinct crystallographic sites. The light noble gases He and Ne are most likely retained at the van der Waals hydrogen-oxygen bond position between the layers, while the heavy and larger noble gases enter the voids between the six-membered SiO4 rings. It should be noted that octahedral sites can potentially host xenon, but cannot accommodate argon and krypton. Indeed, this would require unrealistic flexibility of the crystal lattice. Our models extended to mantle wedge conditions predict decreasing solubilities, particularly for light noble gases, in agreement with observations from natural samples. Compared to the noble gas concentrations determined experimentally in serpentine, natural concentrations are much higher and very variable. Our solubility model confirms that equilibrium processes cannot explain these observations. We therefore suggest that the high and variable noble gas concentrations found in natural samples must be due to hybrid hydration processes in ultramafic rocks that involve different degrees of water activities.