608, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in August 2009, and rented once, from November 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 608, Balqis Residence 3
What is 608 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 7 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,147 sqft
- Floor
- 6th of 11
- Parking
- B-335
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 38,200 /yr
- Last sold
- AED 3.91M · August 2009
- Building
- Balqis Residence 3
About 608, Balqis Residence 3
608 is a two-bedroom apartment of 2,147 sqft on the 6th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 16 August 2009 for AED 3,910,000, or AED 1,820 per sqft, 19% below the AED 2,254 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 7 November 2023. The current contract, signed on 7 November 2023, is AED 350,000 a year: a gross yield of 8.9% on the 2009 price, before the service charge of about AED 38,200 a year.
Sales and rents for 608 over time
608 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 608 sits
All 27 2-beds →608 last sold in August 2009 at AED 1,820 per sqft, 19% below what two-beds in Balqis Residence 3 were fetching at the time (AED 2,254).
| 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. 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 | |
| 604 | 1,908 sqft | AED 1.4MAED 1,400,000 · Jun 2022June 2022 | 100,000 /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, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 16 August 2009 for AED 3,910,000, or AED 1,820 per sqft.
- Rented since November 2023 on one Ejari contract, at AED 350,000 a year.
- At AED 350,000 a year the gross yield on the 2009 price is 8.9%, before a service charge of about AED 38,200 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 7 November 2023.
Questions about 608, Balqis Residence 3
What did unit 608 last sell for?
AED 3,910,000 on 16 August 2009, sold by the developer: AED 1,820 per sqft for 2,147 sqft. It is the only registered sale of the unit.
What is the rent for unit 608?
AED 350,000 a year on the contract signed on 7 November 2023.
How big is unit 608?
2,147 sqft (199.5 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 608 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 608, Balqis Residence 3
Starts from the last sale price (AED 3.91M, 16 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 3,910,000
- Deposit, UAE resident (20%)
- AED 782,000
- Deposit, non-resident (40%)
- AED 1,564,000
- Monthly over 25 years at 3.7%
- AED 15,997
Plus AED 169,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →