1002, Balqis Residence 1
Sold prices and rental history: sold once, by the developer in May 2013, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1002, Balqis Residence 1
What is 1002 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 December 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,283 sqft
- Floor
- 10th of 11
- Parking
- B-235
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 40,700 /yr
- Last sold
- AED 4.55M · May 2013
- Building
- Balqis Residence 1
About 1002, Balqis Residence 1
1002 is a three-bedroom apartment of 2,283 sqft on the 10th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 12 May 2013 for AED 4,550,000, or AED 1,992 per sqft, in line with the AED 1,992 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 15 December 2025, is AED 310,000 a year: a gross yield of 6.8% on the 2013 price, before the service charge of about AED 40,700 a year.
Sales and rents for 1002 over time
1002 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Balqis Residence 1, and where 1002 sits
All 17 3-beds →1002 last sold in May 2013 at AED 1,992 per sqft, in line with what three-beds in Balqis Residence 1 were fetching at the time (AED 1,992). Over the last 12 months three-beds sold for AED 5,850,000, around AED 2,562 per sqft, and rent for AED 310,000 to 325,000 a year.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Jun 20254 June 2025 | 5,225 sqft | 16,850,000 | 3,224 | ||
| 13 Apr 202513 April 2025 | 4,283 sqft | 4,000,000 | 934 | ||
| 25 Oct 202425 October 2024 | 4,918 sqft | 10,700,000 | 2,175 | ||
| 4 Jun 20244 June 2024 | 5,225 sqft | 12,200,000 | 2,334 |
Balqis Residence 1
Building54 apartments, 2-bed to 6-bed over 11 floors in Palm Jumeirah, completed in 2019 by Balqis Residence. 3 sold in the last 12 months.
- Typical price per sqft
- AED 2,562
- Typical sale
- AED 6.5M
- Typical rent
- AED 291K /yr
- Typical yield
- 5.4%
Other units on the 10th floor
All 54 units in Balqis Residence 11002, Balqis Residence 1 in numbers
- Sold once: by Balqis Residence on 12 May 2013 for AED 4,550,000, or AED 1,992 per sqft.
- Rented since August 2021 on 5 Ejari contracts, from AED 140,000 to AED 310,000 a year.
- At AED 310,000 a year the gross yield on the 2013 price is 6.8%, before a service charge of about AED 40,700 a year (AED 17.81 per sqft).
- Three-beds in Balqis Residence 1 sold for AED 5,850,000–5,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,562 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 15 December 2025.
Questions about 1002, Balqis Residence 1
What did unit 1002 last sell for?
AED 4,550,000 on 12 May 2013, sold by the developer: AED 1,992 per sqft for 2,283 sqft. It is the only registered sale of the unit.
What is the rent for unit 1002?
AED 310,000 a year on the contract renewed on 15 December 2025. The previous contract, from December 2024, was AED 310,000; the unit has been rented since August 2021.
How big is unit 1002?
2,283 sqft (212.1 sqm): a three-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1002 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Balqis Residence 1 sold for AED 5,850,000 to 5,850,000 in the last 12 months, around AED 2,562 per sqft.
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Mortgage on 1002, Balqis Residence 1
Starts from the last sale price (AED 4.55M, 12 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 4,550,000
- Deposit, UAE resident (20%)
- AED 910,000
- Deposit, non-resident (40%)
- AED 1,820,000
- Monthly over 25 years at 3.7%
- AED 18,615
Plus AED 196,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →