703, Balqis Residence 1
Sold prices and rental history: sold twice, last in November 2025, 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 703, Balqis Residence 1
What is 703 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 November 2025.
Key facts
- Type
- Apartment
- Size
- 3,361 sqft
- Floor
- 7th of 11
- Parking
- B-10, B-11
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 59,900 /yr
- Last sold
- AED 9.15M · November 2025
- Building
- Balqis Residence 1
About 703, Balqis Residence 1
703 is an apartment of 3,361 sqft on the 7th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 12 November 2025 for AED 9,150,000, or AED 2,722 per sqft.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 10 April 2025, is AED 450,000 a year: a gross yield of 4.9% on the 2025 price, before the service charge of about AED 59,900 a year.
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 7th floor
All 54 units in Balqis Residence 1703, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 6,300,000, last on 12 November 2025 for AED 9,150,000 (AED 2,722 per sqft).
- Rented since September 2019 on 5 Ejari contracts. The rent fell from AED 235,000 to AED 140,000 in 2023 and recovered to AED 450,000 by April 2025.
- At AED 450,000 a year the gross yield on the 2025 price is 4.9%, before a service charge of about AED 59,900 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 12 November 2025.
Questions about 703, Balqis Residence 1
What did unit 703 last sell for?
AED 9,150,000 on 12 November 2025: AED 2,722 per sqft for 3,361 sqft. The unit has 2 registered sales; the first was AED 6,300,000 in August 2009.
What is the rent for unit 703?
AED 450,000 a year on the contract signed on 10 April 2025. The previous contract, from February 2024, was AED 480,000; the unit has been rented since September 2019.
How big is unit 703?
3,361 sqft (312.2 sqm): an apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 703 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 703, Balqis Residence 1
Starts from the last sale price (AED 9.15M, 12 November 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 9,150,000
- Deposit, UAE resident (20%)
- AED 1,830,000
- Deposit, non-resident (40%)
- AED 3,660,000
- Monthly over 25 years at 3.7%
- AED 37,435
Plus AED 389,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →