604, Balqis Residence 3
Sold prices and rental history: sold twice, last in June 2022, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 604, Balqis Residence 3
What is 604 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 17 June 2022.
Key facts
- Type
- Apartment
- Size
- 1,908 sqft
- Floor
- 6th of 11
- Parking
- B-389
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,000 /yr
- Last sold
- AED 1.4M · June 2022
- Building
- Balqis Residence 3
About 604, Balqis Residence 3
604 is an apartment of 1,908 sqft on the 6th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 17 June 2022 for AED 1,400,000, or AED 733 per sqft.
One Ejari contract is registered, from 1 August 2020. The current contract, signed on 1 August 2020, is AED 100,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 34,000 a year.
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 6th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 2,498 sqft | AED 4.99MAED 4,990,000 · Aug 2009August 2009 | 320,000 /yr | |
| 602 | 4-bed | 3,509 sqft | AED 3.1MAED 3,100,000 · Mar 2021March 2021 | ||
| 603 | 3-bed | 2,495 sqft | AED 4.3MAED 4,300,000 · Nov 2022November 2022 | 155,000 /yr | |
| 605 | 3-bed | 2,328 sqft | AED 4.15MAED 4,150,000 · Mar 2023March 2023 | 400,000 /yr | |
| 606 | 5-bed | 3,583 sqft | AED 6.48MAED 6,480,000 · Aug 2009August 2009 | ||
| 607 | 2-bed | 2,047 sqft | AED 3.91MAED 3,910,000 · Aug 2009August 2009 | 210,000 /yr | |
| 608 | 2-bed | 2,147 sqft | AED 3.91MAED 3,910,000 · Aug 2009August 2009 | 350,000 /yr |
604, Balqis Residence 3 in numbers
- Sold twice: first on 13 August 2009 for AED 4,230,000, last on 17 June 2022 for AED 1,400,000 (AED 733 per sqft).
- Rented since August 2020 on one Ejari contract, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2022 price is 7.1%, before a service charge of about AED 34,000 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 17 June 2022.
Questions about 604, Balqis Residence 3
What did unit 604 last sell for?
AED 1,400,000 on 17 June 2022: AED 733 per sqft for 1,908 sqft. The unit has 2 registered sales; the first was AED 4,230,000 in August 2009.
What is the rent for unit 604?
AED 100,000 a year on the contract signed on 1 August 2020.
How big is unit 604?
1,908 sqft (177.3 sqm): an apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 604 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 604, Balqis Residence 3
Starts from the last sale price (AED 1.4M, 17 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,400,000
- Deposit, UAE resident (20%)
- AED 280,000
- Deposit, non-resident (40%)
- AED 560,000
- Monthly over 25 years at 3.7%
- AED 5,728
Plus AED 63,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →