708, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in August 2009, 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 708, Balqis Residence 3
What is 708 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 30 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,043 sqft
- Floor
- 7th of 11
- Parking
- B-336
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 36,400 /yr
- Last sold
- AED 4.48M · August 2009
- Building
- Balqis Residence 3
About 708, Balqis Residence 3
708 is a two-bedroom apartment of 2,043 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 16 August 2009 for AED 4,480,000, or AED 2,192 per sqft, in line with the AED 2,254 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 30 March 2024, is AED 230,000 a year: a gross yield of 5.1% on the 2009 price, before the service charge of about AED 36,400 a year.
Sales and rents for 708 over time
708 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 708 sits
All 27 2-beds →708 last sold in August 2009 at AED 2,192 per sqft, in line with 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 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 | |
| 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, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 16 August 2009 for AED 4,480,000, or AED 2,192 per sqft.
- Rented since November 2020 on 4 Ejari contracts, from AED 115,000 to AED 230,000 a year.
- At AED 230,000 a year the gross yield on the 2009 price is 5.1%, before a service charge of about AED 36,400 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 30 March 2024.
Questions about 708, Balqis Residence 3
What did unit 708 last sell for?
AED 4,480,000 on 16 August 2009, sold by the developer: AED 2,192 per sqft for 2,043 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 230,000 a year on the contract signed on 30 March 2024. The previous contract, from November 2022, was AED 135,000; the unit has been rented since November 2020.
How big is unit 708?
2,043 sqft (189.8 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 708 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 708, Balqis Residence 3
Starts from the last sale price (AED 4.48M, 16 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 4,480,000
- Deposit, UAE resident (20%)
- AED 896,000
- Deposit, non-resident (40%)
- AED 1,792,000
- Monthly over 25 years at 3.7%
- AED 18,329
Plus AED 193,170 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →