405, Balqis Residence 1
Sold prices and rental history: sold twice, last in July 2024, and rented once, from January 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 405, Balqis Residence 1
What is 405 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2025.
Key facts
- Type
- 4-bed apartment
- Size
- 3,356 sqft
- Floor
- 4th of 11
- Parking
- B-2, B-3
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 59,800 /yr
- Last sold
- AED 8.7M · July 2024
- Building
- Balqis Residence 1
About 405, Balqis Residence 1
405 is a four-bedroom apartment of 3,356 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 1 July 2024 for AED 8,700,000, or AED 2,592 per sqft.
One Ejari contract is registered, from 15 January 2025. The current contract, signed on 15 January 2025, is AED 380,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 59,800 a year.
Sales and rents for 405 over time
405 has sold twice; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Balqis Residence 1, and where 405 sits
All 10 4-beds →| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Apr 202517 April 2025 | 3,360 sqft | 8,800,000 | 2,618 | ||
| 29 Nov 202229 November 2022 | 8,037 sqft | 10,388,280 | 1,292 | ||
| 29 Nov 202229 November 2022 | 9,542 sqft | 11,488,680 | 1,204 | ||
| 5 Oct 20225 October 2022 | 3,360 sqft | 6,000,000 | 1,785 |
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 | |
| 403 | 2-bed | 1,985 sqft | AED 3.15MAED 3,150,000 · Jun 2022June 2022 | 90,000 /yr | |
| 404 | 3-bed | 2,283 sqft | AED 1.75MAED 1,750,000 · Jul 2020July 2020 | 147,000 /yr | |
| 406 | 2-bed | 1,936 sqft | AED 3.5MAED 3,500,000 · Aug 2009August 2009 | 271,500 /yr |
405, Balqis Residence 1 in numbers
- Sold twice: first on 16 August 2009 for AED 6,055,000, last on 1 July 2024 for AED 8,700,000 (AED 2,592 per sqft).
- Rented since January 2025 on one Ejari contract, at AED 380,000 a year.
- At AED 380,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 59,800 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2025.
Questions about 405, Balqis Residence 1
What did unit 405 last sell for?
AED 8,700,000 on 1 July 2024: AED 2,592 per sqft for 3,356 sqft. The unit has 2 registered sales; the first was AED 6,055,000 in August 2009.
What is the rent for unit 405?
AED 380,000 a year on the contract signed on 15 January 2025.
How big is unit 405?
3,356 sqft (311.8 sqm): a four-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 405 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 405, Balqis Residence 1
Starts from the last sale price (AED 8.7M, 1 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 8,700,000
- Deposit, UAE resident (20%)
- AED 1,740,000
- Deposit, non-resident (40%)
- AED 3,480,000
- Monthly over 25 years at 3.7%
- AED 35,594
Plus AED 370,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →