1005, Balqis Residence 3
Sold prices and rental history: sold twice, last in December 2021, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1005, Balqis Residence 3
What is 1005 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 December 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,328 sqft
- Floor
- 10th of 11
- Parking
- B-367 , B-350
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 41,500 /yr
- Last sold
- AED 2.95M · December 2021
- Building
- Balqis Residence 3
About 1005, Balqis Residence 3
1005 is a three-bedroom apartment of 2,328 sqft on the 10th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 5 December 2021 for AED 2,950,000, or AED 1,267 per sqft, 16% above the AED 1,090 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 10 December 2025, is AED 400,000 a year: a gross yield of 13.6% on the 2021 price, before the service charge of about AED 41,500 a year.
Sales and rents for 1005 over time
1005 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 3, and where 1005 sits
All 35 3-beds →1005 last sold in December 2021 at AED 1,267 per sqft, 16% above what three-beds in Balqis Residence 3 were fetching at the time (AED 1,090). 1005's AED 400,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Jul 20241 July 2024 | 2,485 sqft | 4,862,000 | 1,956 | ||
| 3 Jun 20243 June 2024 | 1,945 sqft | 2,372,438 | 1,219 | ||
| 8 May 20248 May 2024 | 2,328 sqft | 5,800,000 | 2,491 | ||
| 4 Apr 20244 April 2024 | 2,481 sqft | 4,400,000 | 1,773 |
Balqis Residence 3
Building144 apartments, studios to 9-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 1,667
- Typical sale
- AED 1.78M
- Typical rent
- AED 320K /yr
- Typical yield
- 8.6%
Other units on the 10th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 3-bed | 2,433 sqft | AED 8.94MAED 8,939,000 · Oct 2009October 2009 | ||
| 1002 | 4-bed | 3,498 sqft | AED 4.2MAED 4,200,000 · Nov 2018November 2018 | ||
| 1003 | 3-bed | 2,485 sqft | AED 2.75MAED 2,750,000 · Sep 2021September 2021 | 150,000 /yr | |
| 1004 | 1,909 sqft | AED 4.1MAED 4,100,000 · Oct 2025October 2025 | |||
| 1006 | 5-bed | 3,491 sqft | AED 3.8MAED 3,800,000 · Jan 2020January 2020 | 365,000 /yr | |
| 1007 | 2-bed | 1,878 sqft | AED 1.79MAED 1,785,000 · Mar 2021March 2021 | 130,000 /yr | |
| 1008 | 2-bed | 1,957 sqft | AED 3.85MAED 3,850,000 · Jun 2015June 2015 | 213,000 /yr |
1005, Balqis Residence 3 in numbers
- Sold twice: first on 31 August 2016 for AED 4,400,000, last on 5 December 2021 for AED 2,950,000 (AED 1,267 per sqft).
- Rented since February 2020 on 6 Ejari contracts, from AED 160,000 to AED 400,000 a year.
- At AED 400,000 a year the gross yield on the 2021 price is 13.6%, before a service charge of about AED 41,500 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 10 December 2025.
Questions about 1005, Balqis Residence 3
What did unit 1005 last sell for?
AED 2,950,000 on 5 December 2021: AED 1,267 per sqft for 2,328 sqft. The unit has 2 registered sales; the first was AED 4,400,000 in August 2016.
What is the rent for unit 1005?
AED 400,000 a year on the contract signed on 10 December 2025. The previous contract, from September 2024, was AED 340,000; the unit has been rented since February 2020.
How big is unit 1005?
2,328 sqft (216.3 sqm): a three-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1005 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 1005, Balqis Residence 3
Starts from the last sale price (AED 2.95M, 5 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,950,000
- Deposit, UAE resident (20%)
- AED 590,000
- Deposit, non-resident (40%)
- AED 1,180,000
- Monthly over 25 years at 3.7%
- AED 12,069
Plus AED 128,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →