403, Balqis Residence 1
Sold prices and rental history: sold twice, last in June 2022, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 403, Balqis Residence 1
What is 403 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 29 June 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,985 sqft
- Floor
- 4th of 11
- Parking
- G-72
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,400 /yr
- Last sold
- AED 3.15M · June 2022
- Building
- Balqis Residence 1
About 403, Balqis Residence 1
403 is a two-bedroom apartment of 1,985 sqft on the 4th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 29 June 2022 for AED 3,150,000, or AED 1,587 per sqft, 30% above the AED 1,218 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 31 May 2021. The current contract, signed on 31 May 2021, is AED 90,000 a year: a gross yield of 2.9% on the 2022 price, before the service charge of about AED 35,400 a year.
Sales and rents for 403 over time
403 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 403 sits
All 21 2-beds →403 last sold in June 2022 at AED 1,587 per sqft, 30% above what two-beds in Balqis Residence 1 were fetching at the time (AED 1,218). 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 | ||
| 10 Jun 202410 June 2024 | 1,971 sqft | 3,310,000 | 1,679 | ||
| 1 May 20241 May 2024 | 1,936 sqft | 3,550,000 | 1,833 |
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 4th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,837 sqft | AED 3.85MAED 3,850,000 · Feb 2025February 2025 | ||
| 402 | 2-bed | 1,987 sqft | AED 3.2MAED 3,200,000 · Aug 2009August 2009 | 230,000 /yr | |
| 404 | 3-bed | 2,283 sqft | AED 1.75MAED 1,750,000 · Jul 2020July 2020 | 147,000 /yr | |
| 405 | 4-bed | 3,356 sqft | AED 8.7MAED 8,700,000 · Jul 2024July 2024 | 380,000 /yr | |
| 406 | 2-bed | 1,936 sqft | AED 3.5MAED 3,500,000 · Aug 2009August 2009 | 271,500 /yr |
403, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 3,300,000, last on 29 June 2022 for AED 3,150,000 (AED 1,587 per sqft).
- Rented since May 2021 on one Ejari contract, at AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2022 price is 2.9%, before a service charge of about AED 35,400 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 29 June 2022.
Questions about 403, Balqis Residence 1
What did unit 403 last sell for?
AED 3,150,000 on 29 June 2022: AED 1,587 per sqft for 1,985 sqft. The unit has 2 registered sales; the first was AED 3,300,000 in August 2009.
What is the rent for unit 403?
AED 90,000 a year on the contract signed on 31 May 2021.
How big is unit 403?
1,985 sqft (184.4 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 403 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 403, Balqis Residence 1
Starts from the last sale price (AED 3.15M, 29 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,150,000
- Deposit, UAE resident (20%)
- AED 630,000
- Deposit, non-resident (40%)
- AED 1,260,000
- Monthly over 25 years at 3.7%
- AED 12,888
Plus AED 137,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →