703, Balqis Residence 3
Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Balqis Residence 3
What is 703 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 January 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,481 sqft
- Floor
- 7th of 11
- Parking
- B-343, B-344
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 44,200 /yr
- Last sold
- AED 4.4M · April 2024
- Building
- Balqis Residence 3
About 703, Balqis Residence 3
703 is a three-bedroom apartment of 2,481 sqft on the 7th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 4 April 2024 for AED 4,400,000, or AED 1,773 per sqft, 3% below the AED 1,831 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 5 January 2025, is AED 420,000 a year: a gross yield of 9.6% on the 2024 price, before the service charge of about AED 44,200 a year.
Sales and rents for 703 over time
703 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Balqis Residence 3, and where 703 sits
All 35 3-beds →703 last sold in April 2024 at AED 1,773 per sqft, 3% below what three-beds in Balqis Residence 3 were fetching at the time (AED 1,831). Over the last 12 months three-beds sold for AED 6,180,000, around AED 2,540 per sqft, and rent for AED 264,000 to 400,000 a year. 703's AED 420,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Jul 20241 July 2024 | 2,485 sqft | 4,862,000 | 1,956 | ||
| 3 Jun 20243 June 2024 | 1,945 sqft | 2,372,438 | 1,219 | ||
| 8 May 20248 May 2024 | 2,328 sqft | 5,800,000 | 2,491 | ||
| 11 Mar 202411 March 2024 | 2,861 sqft | 3,100,000 | 1,083 |
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 7th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 2,437 sqft | AED 5.8MAED 5,800,000 · Dec 2023December 2023 | ||
| 702 | 4-bed | 3,489 sqft | AED 6.43MAED 6,431,000 · Oct 2023October 2023 | 251,275 /yr | |
| 704 | 2-bed | 1,909 sqft | AED 3.45MAED 3,450,000 · Mar 2023March 2023 | 71,845 /yr | |
| 705 | 3-bed | 1,745 sqft | AED 6.4MAED 6,400,000 · Aug 2009August 2009 | 220,000 /yr | |
| 706 | 5-bed | 3,490 sqft | AED 6.61MAED 6,605,000 · Aug 2009August 2009 | ||
| 707 | 2-bed | 1,877 sqft | AED 1.5MAED 1,500,000 · May 2020May 2020 | ||
| 708 | 2-bed | 2,043 sqft | AED 4.48MAED 4,480,000 · Aug 2009August 2009 | 230,000 /yr |
703, Balqis Residence 3 in numbers
- Sold twice: first on 10 May 2011 for AED 4,441,250, last on 4 April 2024 for AED 4,400,000 (AED 1,773 per sqft).
- Rented since May 2020 on 5 Ejari contracts, from AED 160,000 to AED 420,000 a year.
- At AED 420,000 a year the gross yield on the 2024 price is 9.6%, before a service charge of about AED 44,200 a year (AED 17.81 per sqft).
- Three-beds in Balqis Residence 3 sold for AED 6,180,000–6,180,000 in the 12 months to November 2026; the building's median across all types is AED 2,100 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 5 January 2025.
Questions about 703, Balqis Residence 3
What did unit 703 last sell for?
AED 4,400,000 on 4 April 2024: AED 1,773 per sqft for 2,481 sqft. The unit has 2 registered sales; the first was AED 4,441,250 in May 2011.
What is the rent for unit 703?
AED 420,000 a year on the contract signed on 5 January 2025. The previous contract, from November 2023, was AED 280,000; the unit has been rented since May 2020.
How big is unit 703?
2,481 sqft (230.5 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Balqis Residence 3 sold for AED 6,180,000 to 6,180,000 in the last 12 months, around AED 2,540 per sqft.
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Mortgage on 703, Balqis Residence 3
Starts from the last sale price (AED 4.4M, 4 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,400,000
- Deposit, UAE resident (20%)
- AED 880,000
- Deposit, non-resident (40%)
- AED 1,760,000
- Monthly over 25 years at 3.7%
- AED 18,002
Plus AED 189,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →