418, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in December 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 418, Balqis Residence 3
What is 418 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 December 2022.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,421 sqft
- Floor
- 4th of 11
- Parking
- B-81
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 25,300 /yr
- Last sold
- AED 2.58M · December 2022
- Building
- Balqis Residence 3
About 418, Balqis Residence 3
418 is a two-bedroom hotel apartment of 1,421 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 27 December 2022 for AED 2,582,570, or AED 1,817 per sqft, 18% above the AED 1,544 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 418 over time
418 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 418 sits
All 27 2-beds →418 last sold in December 2022 at AED 1,817 per sqft, 18% above what two-beds in Balqis Residence 3 were fetching at the time (AED 1,544).
| 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 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 | ||
| 405 | 1-bed | 1,444 sqft | AED 2.92MAED 2,915,200 · May 2012May 2012 | ||
| 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, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 27 December 2022 for AED 2,582,570, or AED 1,817 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 27 December 2022.
Questions about 418, Balqis Residence 3
What did unit 418 last sell for?
AED 2,582,570 on 27 December 2022, sold by the developer: AED 1,817 per sqft for 1,421 sqft. It is the only registered sale of the unit.
How big is unit 418?
1,421 sqft (132.0 sqm): a two-bedroom hotel apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 418 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 418, Balqis Residence 3
Starts from the last sale price (AED 2.58M, 27 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,582,570
- Deposit, UAE resident (20%)
- AED 516,514
- Deposit, non-resident (40%)
- AED 1,033,028
- Monthly over 25 years at 3.7%
- AED 10,566
Plus AED 113,478 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →