602, Balqis Residence 1
Sold prices and rental history: sold 3 times, last in June 2025, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Balqis Residence 1
What is 602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 4 June 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 5,225 sqft
- Floor
- 6th of 11
- Parking
- B-231, B-232
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 93,100 /yr
- Last sold
- AED 16.85M · June 2025
- Building
- Balqis Residence 1
About 602, Balqis Residence 1
602 is a three-bedroom apartment of 5,225 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 4 June 2025 for AED 16,850,000, or AED 3,224 per sqft, 43% above the AED 2,255 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 602 over time
602 has sold 3 times; 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 602 sits
All 17 3-beds →602 last sold in June 2025 at AED 3,224 per sqft, 43% above what three-beds in Balqis Residence 1 were fetching at the time (AED 2,255). 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 |
|---|---|---|---|---|---|
| 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 | ||
| 20 Nov 202320 November 2023 | 5,628 sqft | 12,000,000 | 2,132 | ||
| 5 Apr 20235 April 2023 | 6,270 sqft | 8,100,000 | 1,291 |
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 | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 4,918 sqft | AED 10.7MAED 10,700,000 · Oct 2024October 2024 | 400,000 /yr | |
| 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 |
602, Balqis Residence 1 in numbers
- Sold 3 times: first on 11 July 2013 for AED 8,300,000, last on 4 June 2025 for AED 16,850,000 (AED 3,224 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 4 June 2025.
Questions about 602, Balqis Residence 1
What did unit 602 last sell for?
AED 16,850,000 on 4 June 2025: AED 3,224 per sqft for 5,225 sqft. The unit has 3 registered sales; the first was AED 8,300,000 in July 2013.
How big is unit 602?
5,225 sqft (485.4 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 602 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 602, Balqis Residence 1
Starts from the last sale price (AED 16.85M, 4 June 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 16,850,000
- Deposit, UAE resident (20%)
- AED 3,370,000
- Deposit, non-resident (40%)
- AED 6,740,000
- Monthly over 25 years at 3.7%
- AED 68,939
Plus AED 712,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →