704, Balqis Residence 3
Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Balqis Residence 3
What is 704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 September 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,909 sqft
- Floor
- 7th of 11
- Parking
- B-338
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,000 /yr
- Last sold
- AED 3.45M · March 2023
- Building
- Balqis Residence 3
About 704, Balqis Residence 3
704 is a two-bedroom apartment of 1,909 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 20 March 2023 for AED 3,450,000, or AED 1,807 per sqft, in line with the AED 1,807 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 15 September 2025, is AED 71,845 a year: a gross yield of 2.1% on the 2023 price, before the service charge of about AED 34,000 a year.
Sales and rents for 704 over time
704 has sold twice; 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 704 sits
All 27 2-beds →704 last sold in March 2023 at AED 1,807 per sqft, in line with what two-beds in Balqis Residence 3 were fetching at the time (AED 1,807).
| 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 | ||
| 30 Jan 202330 January 2023 | 1,145 sqft | 2,229,500 | 1,947 |
Balqis Residence 3
Building144 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%
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 | |
| 703 | 3-bed | 2,481 sqft | AED 4.4MAED 4,400,000 · Apr 2024April 2024 | 420,000 /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 |
704, Balqis Residence 3 in numbers
- Sold twice: first on 13 August 2009 for AED 4,280,000, last on 20 March 2023 for AED 3,450,000 (AED 1,807 per sqft).
- Rented since February 2022 on 4 Ejari contracts, from AED 180,000 to AED 71,845 a year.
- At AED 71,845 a year the gross yield on the 2023 price is 2.1%, 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 15 September 2025.
Questions about 704, Balqis Residence 3
What did unit 704 last sell for?
AED 3,450,000 on 20 March 2023: AED 1,807 per sqft for 1,909 sqft. The unit has 2 registered sales; the first was AED 4,280,000 in August 2009.
What is the rent for unit 704?
AED 71,845 a year on the contract renewed on 15 September 2025. The previous contract, from September 2024, was AED 265,000; the unit has been rented since February 2022.
How big is unit 704?
1,909 sqft (177.4 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 704 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 704, Balqis Residence 3
Starts from the last sale price (AED 3.45M, 20 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,450,000
- Deposit, UAE resident (20%)
- AED 690,000
- Deposit, non-resident (40%)
- AED 1,380,000
- Monthly over 25 years at 3.7%
- AED 14,115
Plus AED 149,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →