111, Balqis Residence 3
Sold prices and rental history: sold twice, last in November 2022, 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 111, Balqis Residence 3
What is 111 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 November 2022.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 1,988 sqft
- Floor
- 1st of 11
- Parking
- B-385, B-384
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,400 /yr
- Last sold
- AED 3.26M · November 2022
- Building
- Balqis Residence 3
About 111, Balqis Residence 3
111 is a three-bedroom hotel apartment of 1,988 sqft on the 1st floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 3 November 2022 for AED 3,263,828, or AED 1,642 per sqft, 14% above the AED 1,438 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 111 over time
111 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 111 sits
All 35 3-beds →111 last sold in November 2022 at AED 1,642 per sqft, 14% above what three-beds in Balqis Residence 3 were fetching at the time (AED 1,438).
| 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 1st floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | Studio | 667 sqft | AED 1.23MAED 1,228,728 · Feb 2024February 2024 | ||
| 102 | 3-bed | 1,447 sqft | AED 3.07MAED 3,067,803 · Jan 2023January 2023 | ||
| 103 | 2-bed | 1,451 sqft | AED 2.5MAED 2,500,000 · Nov 2022November 2022 | ||
| 104 | Studio | 792 sqft | AED 1.1MAED 1,100,000 · Mar 2025March 2025 | ||
| 105 | 1-bed | 1,484 sqft | AED 2.43MAED 2,426,345 · Sep 2014September 2014 | ||
| 106 | Studio | 807 sqft | AED 1.68MAED 1,680,000 · Sep 2014September 2014 | ||
| 107 | 3-bed | 2,056 sqft | No registered sale | ||
| 108 | 1-bed | 1,536 sqft | No registered sale | ||
| 109 | Studio | 660 sqft | AED 1.4MAED 1,396,500 · Jul 2020July 2020 | ||
| 110 | Studio | 692 sqft | AED 1.29MAED 1,288,888 · Jul 2020July 2020 | ||
| 112 | 3-bed | 1,945 sqft | AED 2.37MAED 2,372,438 · Jun 2024June 2024 | ||
| 113 | Studio | 800 sqft | AED 1.42MAED 1,418,576 · Jan 2023January 2023 | ||
| 114 | 1-bed | 1,129 sqft | AED 2.04MAED 2,035,250 · Jan 2023January 2023 | ||
| 115 | 1-bed | 1,301 sqft | AED 1.66MAED 1,659,280 · Feb 2024February 2024 | ||
| 116 | Studio | 685 sqft | AED 1.2MAED 1,204,320 · Jan 2023January 2023 | ||
| 117 | Studio | 798 sqft | AED 1.43MAED 1,428,940 · Jan 2023January 2023 | ||
| 118 | 2-bed | 1,579 sqft | AED 2.89MAED 2,890,292 · Jan 2023January 2023 |
111, Balqis Residence 3 in numbers
- Sold twice: first on 15 July 2020 for AED 2,673,160, last on 3 November 2022 for AED 3,263,828 (AED 1,642 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 3 November 2022.
Questions about 111, Balqis Residence 3
What did unit 111 last sell for?
AED 3,263,828 on 3 November 2022: AED 1,642 per sqft for 1,988 sqft. The unit has 2 registered sales; the first was AED 2,673,160 in July 2020.
How big is unit 111?
1,988 sqft (184.7 sqm): a three-bedroom hotel apartment on the 1st floor of a 11-storey tower completed in 2019.
What is unit 111 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 111? Put it on the OpenOffers board
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Mortgage on 111, Balqis Residence 3
Starts from the last sale price (AED 3.26M, 3 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,263,828
- Deposit, UAE resident (20%)
- AED 652,766
- Deposit, non-resident (40%)
- AED 1,305,531
- Monthly over 25 years at 3.7%
- AED 13,353
Plus AED 142,091 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →