116, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in January 2023, 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 116, Balqis Residence 3
What is 116 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 4 January 2023.
Key facts
- Type
- Studio hotel apartment
- Size
- 685 sqft
- Floor
- 1st of 11
- Parking
- B-14
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 12,200 /yr
- Last sold
- AED 1.2M · January 2023
- Building
- Balqis Residence 3
About 116, Balqis Residence 3
116 is a studio of 685 sqft on the 1st floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 4 January 2023 for AED 1,204,320, or AED 1,758 per sqft, in line with the AED 1,790 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 116 over time
116 has sold once; the dashed line is the studio median of each year in the building.
Studios in Balqis Residence 3, and where 116 sits
All 42 studios →116 last sold in January 2023 at AED 1,758 per sqft, in line with what studios in Balqis Residence 3 were fetching at the time (AED 1,790). Over the last 12 months studios sold for AED 1,098,982 to 1,780,000, around AED 2,100 per sqft.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Mar 20256 March 2025 | 792 sqft | 1,100,000 | 1,389 | ||
| 8 Feb 20248 February 2024 | 782 sqft | 1,368,308 | 1,749 | ||
| 8 Feb 20248 February 2024 | 667 sqft | 1,228,728 | 1,842 | ||
| 19 Jan 202419 January 2024 | 792 sqft | 1,160,000 | 1,465 |
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 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 | ||
| 111 | 3-bed | 1,988 sqft | AED 3.26MAED 3,263,828 · Nov 2022November 2022 | ||
| 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 | ||
| 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 |
116, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 4 January 2023 for AED 1,204,320, or AED 1,758 per sqft.
- Studios in Balqis Residence 3 sold for AED 1,098,982–1,780,000 in the 12 months to November 2026; the building's median across all types is AED 2,100 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 4 January 2023.
Questions about 116, Balqis Residence 3
What did unit 116 last sell for?
AED 1,204,320 on 4 January 2023, sold by the developer: AED 1,758 per sqft for 685 sqft. It is the only registered sale of the unit.
How big is unit 116?
685 sqft (63.6 sqm): a studio on the 1st floor of a 11-storey tower completed in 2019.
What is unit 116 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Balqis Residence 3 sold for AED 1,098,982 to 1,780,000 in the last 12 months, around AED 2,100 per sqft.
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Mortgage on 116, Balqis Residence 3
Starts from the last sale price (AED 1.2M, 4 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,204,320
- Deposit, UAE resident (20%)
- AED 240,864
- Deposit, non-resident (40%)
- AED 481,728
- Monthly over 25 years at 3.7%
- AED 4,927
Plus AED 55,592 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →