1-bed · 1,439 sqftBalqis Residence 3, Palm Jumeirah · 5th floor · completed 2019

505, 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.

Unit 505 · DLD and Ejari recordsUpdated 5 January 2023

Last soldAED 2.52M5 January 2023

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Today's valuefree after one verification

Property timeline for 505, Balqis Residence 3

Today

What is 505 worth today?

Last sold for AED 2,516,500 in 2023

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5 Jan 2023

5 Jan 2023Sold by developerReady

AED 2,516,500AED 1,749 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 January 2023.

Key facts

Type: 1-bed hotel apartment
Size: 1,439 sqft
Floor: 5th of 11
Parking: B-409
Developer: Balqis Residence
Completed: 2019
Service charge: AED 25,600 /yr
Last sold: AED 2.52M · January 2023
Building: Balqis Residence 3

About 505, Balqis Residence 3

505 is a one-bedroom hotel apartment of 1,439 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 5 January 2023 for AED 2,516,500, or AED 1,749 per sqft, in line with the AED 1,800 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 505 over time

Sales

Unit 505, each saleTypical one-bed in Balqis Residence 3

505 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 505 sits

All 21 1-beds →

1-beds in Balqis Residence 3 · last 12 months1,667 /sqft Balqis Residence 3 · all types1,667 /sqft

505 last sold in January 2023 at AED 1,749 per sqft, in line with what one-beds in Balqis Residence 3 were fetching at the time (AED 1,800). Over the last 12 months one-beds sold for AED 2,101,018, around AED 1,667 per sqft.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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
4 Jan 20234 January 2023	1,469 sqft	2,632,283	1,791
4 Jan 20234 January 2023	1,129 sqft	2,035,250	1,802

1 1-bed sale 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
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
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

505, Balqis Residence 3 in numbers

Sold once: by Balqis Residence on 5 January 2023 for AED 2,516,500, or AED 1,749 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 1,667 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 5 January 2023.

Questions about 505, Balqis Residence 3

What did unit 505 last sell for?

AED 2,516,500 on 5 January 2023, sold by the developer: AED 1,749 per sqft for 1,439 sqft. It is the only registered sale of the unit.

How big is unit 505?

1,439 sqft (133.7 sqm): a one-bedroom hotel apartment on the 5th floor of a 11-storey tower completed in 2019.

What is unit 505 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 505, Balqis Residence 3

Starts from the last sale price (AED 2.52M, 5 January 2023). Switch to today's estimate once you have unlocked it.

Price: AED 2,516,500
Deposit, UAE resident (20%): AED 503,300
Deposit, non-resident (40%): AED 1,006,600
Monthly over 25 years at 3.7%: AED 10,296

Plus AED 110,703 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →