705, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in August 2009, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 705, Balqis Residence 3
What is 705 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,745 sqft
- Floor
- 7th of 11
- Parking
- B-353
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 31,100 /yr
- Last sold
- AED 6.4M · August 2009
- Building
- Balqis Residence 3
About 705, Balqis Residence 3
705 is a three-bedroom apartment of 1,745 sqft on the 7th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 13 August 2009 for AED 6,400,000, or AED 2,751 per sqft, in line with the AED 2,751 three-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 February 2024, is AED 220,000 a year: a gross yield of 3.4% on the 2009 price, before the service charge of about AED 31,100 a year.
Sales and rents for 705 over time
705 has sold once; 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 705 sits
All 35 3-beds →705 last sold in August 2009 at AED 2,751 per sqft, in line with what three-beds in Balqis Residence 3 were fetching at the time (AED 2,751). 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. 705's AED 220,000 is at the bottom 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 | ||
| 4 Apr 20244 April 2024 | 2,481 sqft | 4,400,000 | 1,773 |
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 | |
| 703 | 3-bed | 2,481 sqft | AED 4.4MAED 4,400,000 · Apr 2024April 2024 | 420,000 /yr | |
| 704 | 2-bed | 1,909 sqft | AED 3.45MAED 3,450,000 · Mar 2023March 2023 | 71,845 /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 |
705, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 6,400,000, or AED 2,751 per sqft.
- Rented since July 2022 on 3 Ejari contracts, from AED 215,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2009 price is 3.4%, before a service charge of about AED 31,100 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 1 February 2024.
Questions about 705, Balqis Residence 3
What did unit 705 last sell for?
AED 6,400,000 on 13 August 2009, sold by the developer: AED 2,751 per sqft for 1,745 sqft. It is the only registered sale of the unit.
What is the rent for unit 705?
AED 220,000 a year on the contract signed on 1 February 2024. The previous contract, from July 2023, was AED 220,000; the unit has been rented since July 2022.
How big is unit 705?
1,745 sqft (162.1 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 705 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.
Selling 705? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 705, Balqis Residence 3
Starts from the last sale price (AED 6.4M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 6,400,000
- Deposit, UAE resident (20%)
- AED 1,280,000
- Deposit, non-resident (40%)
- AED 2,560,000
- Monthly over 25 years at 3.7%
- AED 26,184
Plus AED 273,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →