2-bed · 1,145 sqftBalqis Residence 3, Palm Jumeirah · 5th floor · completed 2019

503, Balqis Residence 3

Sold prices and rental history: sold twice, last 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.

Unit 503 · DLD and Ejari recordsUpdated 30 January 2023

Last soldAED 2.23M30 January 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 503, Balqis Residence 3

Today

What is 503 worth today?

Last sold for AED 2,229,500 in 2023

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30 Jan 2023

30 Jan 2023SoldReady

AED 2,229,500AED 1,947 per sqft

23 Dec 2013

23 Dec 2013Sold by developerOff-plan

AED 3,190,000AED 2,785 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 January 2023.

Key facts

Type: 2-bed hotel apartment
Size: 1,145 sqft
Floor: 5th of 11
Parking: B-264
Developer: Balqis Residence
Completed: 2019
Service charge: AED 20,400 /yr
Last sold: AED 2.23M · January 2023
Building: Balqis Residence 3

About 503, Balqis Residence 3

503 is a two-bedroom hotel apartment of 1,145 sqft on the 5th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 30 January 2023 for AED 2,229,500, or AED 1,947 per sqft, 8% above the AED 1,807 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 503 over time

Sales

Unit 503, each saleTypical two-bed in Balqis Residence 3

503 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 503, each contractTypical two-bed in Balqis Residence 3

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 503 sits

All 27 2-beds →

Balqis Residence 3 · all types1,667 /sqft

503 last sold in January 2023 at AED 1,947 per sqft, 8% above what two-beds in Balqis Residence 3 were fetching at the time (AED 1,807).

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

0 2-bed sales in the last 12 months

Balqis Residence 3

Building

144 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%

Balqis Residence 3, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 144 units in Balqis Residence 3


501	Studio	678 sqft	AED 1.4MAED 1,398,000 · Mar 2013March 2013
502	3-bed	1,463 sqft	AED 2.81MAED 2,810,500 · 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

1–7 of 17

503, Balqis Residence 3 in numbers

Sold twice: first on 23 December 2013 for AED 3,190,000, last on 30 January 2023 for AED 2,229,500 (AED 1,947 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 30 January 2023.

Questions about 503, Balqis Residence 3

What did unit 503 last sell for?

AED 2,229,500 on 30 January 2023: AED 1,947 per sqft for 1,145 sqft. The unit has 2 registered sales; the first was AED 3,190,000 in December 2013.

How big is unit 503?

1,145 sqft (106.4 sqm): a two-bedroom hotel apartment on the 5th floor of a 11-storey tower completed in 2019.

What is unit 503 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 503, Balqis Residence 3

Starts from the last sale price (AED 2.23M, 30 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 2,229,500
Deposit, UAE resident (20%): AED 445,900
Deposit, non-resident (40%): AED 891,800
Monthly over 25 years at 3.7%: AED 9,122

Plus AED 98,649 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →