601, Balqis Residence 1
Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 601, Balqis Residence 1
What is 601 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 October 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 4,918 sqft
- Floor
- 6th of 11
- Parking
- B-238, B-237
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 87,600 /yr
- Last sold
- AED 10.7M · October 2024
- Building
- Balqis Residence 1
About 601, Balqis Residence 1
601 is a three-bedroom apartment of 4,918 sqft on the 6th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 25 October 2024 for AED 10,700,000, or AED 2,175 per sqft, in line with the AED 2,175 three-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 1 March 2024, is AED 400,000 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 87,600 a year.
Sales and rents for 601 over time
601 has sold twice; 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 601 sits
All 17 3-beds →601 last sold in October 2024 at AED 2,175 per sqft, in line with what three-beds in Balqis Residence 1 were fetching at the time (AED 2,175). 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 | ||
| 4 Jun 20244 June 2024 | 5,225 sqft | 12,200,000 | 2,334 | ||
| 20 Nov 202320 November 2023 | 5,628 sqft | 12,000,000 | 2,132 |
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 6th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 602 | 3-bed | 5,225 sqft | AED 16.85MAED 16,850,000 · Jun 2025June 2025 | ||
| 603 | 2,098 sqft | AED 6.5MAED 6,500,000 · Nov 2025November 2025 | |||
| 604 | 2,283 sqft | AED 5.85MAED 5,850,000 · Feb 2026February 2026 | |||
| 605 | 4-bed | 3,360 sqft | AED 8.8MAED 8,800,000 · Apr 2025April 2025 | 300,000 /yr | |
| 606 | 2-bed | 1,935 sqft | AED 3.25MAED 3,250,000 · Nov 2022November 2022 |
601, Balqis Residence 1 in numbers
- Sold twice: first on 29 November 2022 for AED 6,451,480, last on 25 October 2024 for AED 10,700,000 (AED 2,175 per sqft).
- Rented since April 2022 on 5 Ejari contracts. The rent fell from AED 1,120,000 to AED 73,500 in 2022 and recovered to AED 400,000 by March 2024.
- At AED 400,000 a year the gross yield on the 2024 price is 3.7%, before a service charge of about AED 87,600 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 25 October 2024.
Questions about 601, Balqis Residence 1
What did unit 601 last sell for?
AED 10,700,000 on 25 October 2024: AED 2,175 per sqft for 4,918 sqft. The unit has 2 registered sales; the first was AED 6,451,480 in November 2022.
What is the rent for unit 601?
AED 400,000 a year on the contract renewed on 1 March 2024. The previous contract, from March 2023, was AED 400,000; the unit has been rented since April 2022.
How big is unit 601?
4,918 sqft (456.9 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 601 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 601, Balqis Residence 1
Starts from the last sale price (AED 10.7M, 25 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 10,700,000
- Deposit, UAE resident (20%)
- AED 2,140,000
- Deposit, non-resident (40%)
- AED 4,280,000
- Monthly over 25 years at 3.7%
- AED 43,777
Plus AED 454,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →