518, 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 518, Balqis Residence 3
What is 518 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 May 2012.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,421 sqft
- Floor
- 5th of 11
- Parking
- B-414
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 25,300 /yr
- Last sold
- AED 2.8M · May 2012
- Building
- Balqis Residence 3
About 518, Balqis Residence 3
518 is a two-bedroom hotel apartment of 1,421 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 3 May 2012 for AED 2,802,500, or AED 1,972 per sqft.
No rental contract for the unit is registered on Ejari.
Sales and rents for 518 over time
518 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 518 sits
All 27 2-beds →| 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. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,667
- Typical sale
- AED 2.1M
- 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 | ||
| 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 | ||
| 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, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 3 May 2012 for AED 2,802,500, or AED 1,972 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 3 May 2012.
Questions about 518, Balqis Residence 3
What did unit 518 last sell for?
AED 2,802,500 on 3 May 2012, sold by the developer: AED 1,972 per sqft for 1,421 sqft. It is the only registered sale of the unit.
How big is unit 518?
1,421 sqft (132.0 sqm): a two-bedroom hotel apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 518 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 518, Balqis Residence 3
Starts from the last sale price (AED 2.8M, 3 May 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,802,500
- Deposit, UAE resident (20%)
- AED 560,500
- Deposit, non-resident (40%)
- AED 1,121,000
- Monthly over 25 years at 3.7%
- AED 11,466
Plus AED 122,715 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →