405, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in May 2012, 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 405, Balqis Residence 3
What is 405 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 May 2012.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,444 sqft
- Floor
- 4th of 11
- Parking
- B-408
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 25,700 /yr
- Last sold
- AED 2.92M · May 2012
- Building
- Balqis Residence 3
About 405, Balqis Residence 3
405 is a one-bedroom hotel apartment of 1,444 sqft on the 4th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 3 May 2012 for AED 2,915,200, or AED 2,018 per sqft, 10% above the AED 1,842 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 405 over time
405 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Balqis Residence 3, and where 405 sits
All 21 1-beds →405 last sold in May 2012 at AED 2,018 per sqft, 10% above what one-beds in Balqis Residence 3 were fetching at the time (AED 1,842). Over the last 12 months one-beds sold for AED 2,101,018, around AED 1,667 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Feb 20248 February 2024 | 1,199 sqft | 1,449,000 | 1,208 | ||
| 8 Feb 20248 February 2024 | 1,301 sqft | 1,659,280 | 1,275 | ||
| 5 Jan 20235 January 2023 | 1,439 sqft | 2,516,500 | 1,749 | ||
| 4 Jan 20234 January 2023 | 1,469 sqft | 2,632,283 | 1,791 |
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 4th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 677 sqft | AED 1.23MAED 1,229,194 · Jan 2023January 2023 | ||
| 402 | 3-bed | 1,462 sqft | AED 2.76MAED 2,760,080 · Jan 2023January 2023 | ||
| 403 | 2-bed | 1,284 sqft | AED 2.42MAED 2,415,235 · Jan 2023January 2023 | ||
| 404 | Studio | 790 sqft | AED 1.42MAED 1,420,272 · Jan 2023January 2023 | ||
| 406 | Studio | 796 sqft | AED 1.48MAED 1,483,588 · Jan 2023January 2023 | ||
| 407 | 3-bed | 1,863 sqft | AED 3.4MAED 3,402,095 · Dec 2022December 2022 | ||
| 408 | 1-bed | 1,255 sqft | AED 2.27MAED 2,269,759 · Dec 2022December 2022 | ||
| 409 | Studio | 663 sqft | AED 1.19MAED 1,187,737 · Dec 2022December 2022 | ||
| 410 | Studio | 703 sqft | AED 1.28MAED 1,279,319 · Jan 2023January 2023 | ||
| 411 | 3-bed | 1,750 sqft | AED 3.18MAED 3,183,316 · Dec 2022December 2022 | ||
| 412 | 3-bed | 1,028 sqft | AED 3.14MAED 3,140,000 · Nov 2012November 2012 | ||
| 413 | Studio | 508 sqft | AED 1.65MAED 1,650,000 · Nov 2012November 2012 | ||
| 414 | 1-bed | 719 sqft | AED 2.71MAED 2,710,000 · Nov 2012November 2012 | ||
| 415 | 1-bed | 1,027 sqft | AED 1.86MAED 1,859,714 · Dec 2022December 2022 | ||
| 416 | Studio | 684 sqft | AED 1.21MAED 1,208,654 · Jan 2023January 2023 | ||
| 417 | Studio | 796 sqft | AED 1.42MAED 1,422,156 · Dec 2022December 2022 | ||
| 418 | 2-bed | 1,421 sqft | AED 2.58MAED 2,582,570 · Dec 2022December 2022 |
405, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 3 May 2012 for AED 2,915,200, or AED 2,018 per sqft.
- One-beds in Balqis Residence 3 sold for AED 2,101,018–2,101,018 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 3 May 2012.
Questions about 405, Balqis Residence 3
What did unit 405 last sell for?
AED 2,915,200 on 3 May 2012, sold by the developer: AED 2,018 per sqft for 1,444 sqft. It is the only registered sale of the unit.
How big is unit 405?
1,444 sqft (134.2 sqm): a one-bedroom hotel apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 405 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Balqis Residence 3 sold for AED 2,101,018 to 2,101,018 in the last 12 months, around AED 1,667 per sqft.
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Mortgage on 405, Balqis Residence 3
Starts from the last sale price (AED 2.92M, 3 May 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,915,200
- Deposit, UAE resident (20%)
- AED 583,040
- Deposit, non-resident (40%)
- AED 1,166,080
- Monthly over 25 years at 3.7%
- AED 11,927
Plus AED 127,448 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →