502, 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 502, Balqis Residence 3
What is 502 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 4 January 2023.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 1,463 sqft
- Floor
- 5th of 11
- Parking
- B-162, B-163
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 26,100 /yr
- Last sold
- AED 2.81M · January 2023
- Building
- Balqis Residence 3
About 502, Balqis Residence 3
502 is a three-bedroom hotel apartment of 1,463 sqft on the 5th 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 2,810,500, or AED 1,921 per sqft, 5% above the AED 1,832 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 502 over time
502 has sold once; 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 502 sits
All 35 3-beds →502 last sold in January 2023 at AED 1,921 per sqft, 5% above what three-beds in Balqis Residence 3 were fetching at the time (AED 1,832).
| 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 5th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 678 sqft | AED 1.4MAED 1,398,000 · Mar 2013March 2013 | ||
| 503 | 2-bed | 1,145 sqft | AED 2.23MAED 2,229,500 · Jan 2023January 2023 | ||
| 504 | Studio | 788 sqft | AED 1.3MAED 1,295,000 · Apr 2013April 2013 | ||
| 505 | 1-bed | 1,439 sqft | AED 2.52MAED 2,516,500 · Jan 2023January 2023 | ||
| 506 | Studio | 802 sqft | AED 1.35MAED 1,350,000 · Mar 2013March 2013 | ||
| 507 | 3-bed | 1,861 sqft | AED 3.47MAED 3,473,750 · Jan 2023January 2023 | ||
| 508 | 1,260 sqft | AED 2.1MAED 2,101,018 · Nov 2025November 2025 | |||
| 509 | 659 sqft | AED 1.1MAED 1,098,982 · Nov 2025November 2025 | |||
| 510 | 703 sqft | AED 1.78MAED 1,780,000 · Nov 2025November 2025 | |||
| 511 | 3-bed | 1,618 sqft | AED 3.02MAED 3,020,500 · Jan 2023January 2023 | ||
| 512 | 3-bed | 1,555 sqft | AED 3.83MAED 3,830,000 · Mar 2013March 2013 | ||
| 513 | Studio | 796 sqft | AED 1.36MAED 1,360,000 · Apr 2013April 2013 | ||
| 514 | 1-bed | 1,105 sqft | AED 1.75MAED 1,750,000 · May 2012May 2012 | ||
| 515 | 1-bed | 1,035 sqft | AED 1.91MAED 1,906,000 · May 2012May 2012 | ||
| 516 | Studio | 685 sqft | AED 1.38MAED 1,380,000 · Mar 2013March 2013 | ||
| 517 | Studio | 795 sqft | AED 1.4MAED 1,400,000 · Apr 2013April 2013 | ||
| 518 | 2-bed | 1,421 sqft | AED 2.8MAED 2,802,500 · May 2012May 2012 |
502, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 4 January 2023 for AED 2,810,500, or AED 1,921 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 4 January 2023.
Questions about 502, Balqis Residence 3
What did unit 502 last sell for?
AED 2,810,500 on 4 January 2023, sold by the developer: AED 1,921 per sqft for 1,463 sqft. It is the only registered sale of the unit.
How big is unit 502?
1,463 sqft (135.9 sqm): a three-bedroom hotel apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 502 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 502, Balqis Residence 3
Starts from the last sale price (AED 2.81M, 4 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,810,500
- Deposit, UAE resident (20%)
- AED 562,100
- Deposit, non-resident (40%)
- AED 1,124,200
- Monthly over 25 years at 3.7%
- AED 11,499
Plus AED 123,051 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →