303, Balqis Residence 1
Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 303, Balqis Residence 1
What is 303 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,971 sqft
- Floor
- 3rd of 11
- Parking
- G-66
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,100 /yr
- Last sold
- AED 3.31M · June 2024
- Building
- Balqis Residence 1
About 303, Balqis Residence 1
303 is a two-bedroom apartment of 1,971 sqft on the 3rd floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 10 June 2024 for AED 3,310,000, or AED 1,679 per sqft.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 1 March 2025, is AED 235,000 a year: a gross yield of 7.1% on the 2024 price, before the service charge of about AED 35,100 a year.
Sales and rents for 303 over time
303 has sold twice; 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 Balqis Residence 1, and where 303 sits
All 21 2-beds →Over the last 12 months two-beds sold for AED 6,500,000, around AED 3,098 per sqft, and rent for AED 260,000 to 271,500 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Apr 202522 April 2025 | 2,008 sqft | 3,750,000 | 1,867 | ||
| 18 Feb 202518 February 2025 | 1,837 sqft | 3,850,000 | 2,095 | ||
| 1 May 20241 May 2024 | 1,936 sqft | 3,550,000 | 1,833 | ||
| 28 Nov 202228 November 2022 | 1,935 sqft | 3,250,000 | 1,679 |
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 3rd floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 3-bed | 2,443 sqft | AED 3.2MAED 3,200,000 · Mar 2022March 2022 | 10,000 /yr | |
| 302 | 4-bed | 3,291 sqft | AED 3MAED 3,000,000 · Dec 2019December 2019 | ||
| 304 | 2-bed | 2,093 sqft | AED 2.63MAED 2,633,000 · May 2016May 2016 | 151,595 /yr | |
| 305 | 3-bed | 2,284 sqft | AED 1.69MAED 1,690,000 · Jun 2020June 2020 | 338,625 /yr | |
| 306 | 4-bed | 3,378 sqft | AED 3.1MAED 3,100,000 · Feb 2021February 2021 | ||
| 307 | 2-bed | 2,008 sqft | AED 3.75MAED 3,750,000 · Apr 2025April 2025 | 210,000 /yr | |
| 308 | 2-bed | 2,204 sqft | AED 2.5MAED 2,500,000 · Feb 2022February 2022 | 250,000 /yr |
303, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 3,100,000, last on 10 June 2024 for AED 3,310,000 (AED 1,679 per sqft).
- Rented since April 2019 on 7 Ejari contracts, from AED 102,273 to AED 235,000 a year.
- At AED 235,000 a year the gross yield on the 2024 price is 7.1%, before a service charge of about AED 35,100 a year (AED 17.81 per sqft).
- Two-beds in Balqis Residence 1 sold for AED 6,500,000–6,500,000 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 1 March 2025.
Questions about 303, Balqis Residence 1
What did unit 303 last sell for?
AED 3,310,000 on 10 June 2024: AED 1,679 per sqft for 1,971 sqft. The unit has 2 registered sales; the first was AED 3,100,000 in August 2009.
What is the rent for unit 303?
AED 235,000 a year on the contract signed on 1 March 2025. The previous contract, from February 2024, was AED 211,195; the unit has been rented since April 2019.
How big is unit 303?
1,971 sqft (183.1 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 303 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Balqis Residence 1 sold for AED 6,500,000 to 6,500,000 in the last 12 months, around AED 3,098 per sqft.
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Mortgage on 303, Balqis Residence 1
Starts from the last sale price (AED 3.31M, 10 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,310,000
- Deposit, UAE resident (20%)
- AED 662,000
- Deposit, non-resident (40%)
- AED 1,324,000
- Monthly over 25 years at 3.7%
- AED 13,542
Plus AED 144,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →