1007, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in March 2021, and rented once, from April 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1007, Balqis Residence 3
What is 1007 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 31 March 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,878 sqft
- Floor
- 10th of 11
- Parking
- B-369 B-366
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 33,400 /yr
- Last sold
- AED 1.79M · March 2021
- Building
- Balqis Residence 3
About 1007, Balqis Residence 3
1007 is a two-bedroom apartment of 1,878 sqft on the 10th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 31 March 2021 for AED 1,785,000, or AED 950 per sqft, 19% above the AED 799 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 3 April 2020. The current contract, signed on 3 April 2020, is AED 130,000 a year: a gross yield of 7.3% on the 2021 price, before the service charge of about AED 33,400 a year.
Sales and rents for 1007 over time
1007 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Balqis Residence 3, and where 1007 sits
All 27 2-beds →1007 last sold in March 2021 at AED 950 per sqft, 19% above what two-beds in Balqis Residence 3 were fetching at the time (AED 799).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 May 202526 May 2025 | 1,958 sqft | 4,100,000 | 2,094 | ||
| 1 Jun 20231 June 2023 | 1,877 sqft | 4,100,000 | 2,184 | ||
| 27 Mar 202327 March 2023 | 1,962 sqft | 4,000,000 | 2,038 | ||
| 20 Mar 202320 March 2023 | 1,909 sqft | 3,450,000 | 1,807 |
Balqis Residence 3
Building144 apartments, studios to 9-bed over 11 floors in Palm Jumeirah, completed in 2019 by Balqis Residence. 4 sold in the last 12 months.
- Typical price per sqft
- AED 2,100
- Typical sale
- AED 1.94M
- Typical rent
- AED 320K /yr
- Typical yield
- 6.9%
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 | |||
| 1005 | 3-bed | 2,328 sqft | AED 2.95MAED 2,950,000 · Dec 2021December 2021 | 400,000 /yr | |
| 1006 | 5-bed | 3,491 sqft | AED 3.8MAED 3,800,000 · Jan 2020January 2020 | 365,000 /yr | |
| 1008 | 2-bed | 1,957 sqft | AED 3.85MAED 3,850,000 · Jun 2015June 2015 | 213,000 /yr |
1007, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 31 March 2021 for AED 1,785,000, or AED 950 per sqft.
- Rented since April 2020 on one Ejari contract, at AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2021 price is 7.3%, before a service charge of about AED 33,400 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 31 March 2021.
Questions about 1007, Balqis Residence 3
What did unit 1007 last sell for?
AED 1,785,000 on 31 March 2021, sold by the developer: AED 950 per sqft for 1,878 sqft. It is the only registered sale of the unit.
What is the rent for unit 1007?
AED 130,000 a year on the contract signed on 3 April 2020.
How big is unit 1007?
1,878 sqft (174.5 sqm): a two-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1007 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 1007, Balqis Residence 3
Starts from the last sale price (AED 1.79M, 31 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,785,000
- Deposit, UAE resident (20%)
- AED 357,000
- Deposit, non-resident (40%)
- AED 714,000
- Monthly over 25 years at 3.7%
- AED 7,303
Plus AED 79,980 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →