908, Balqis Residence 3
Sold prices and rental history: sold twice, last in March 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 908, Balqis Residence 3
What is 908 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 March 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,962 sqft
- Floor
- 9th of 11
- Parking
- B-394, B-393
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,900 /yr
- Last sold
- AED 4M · March 2023
- Building
- Balqis Residence 3
About 908, Balqis Residence 3
908 is a two-bedroom apartment of 1,962 sqft on the 9th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 27 March 2023 for AED 4,000,000, or AED 2,038 per sqft, 12% above the AED 1,812 two-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 September 2020, is AED 120,000 a year: a gross yield of 3.0% on the 2023 price, before the service charge of about AED 34,900 a year.
Sales and rents for 908 over time
908 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 908 sits
All 27 2-beds →908 last sold in March 2023 at AED 2,038 per sqft, 12% above what two-beds in Balqis Residence 3 were fetching at the time (AED 1,812).
| 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 | ||
| 20 Mar 202320 March 2023 | 1,909 sqft | 3,450,000 | 1,807 | ||
| 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 9th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 901 | 3-bed | 2,432 sqft | AED 3.09MAED 3,090,000 · Jun 2022June 2022 | 350,000 /yr | |
| 902 | 4-bed | 3,493 sqft | AED 4.82MAED 4,820,000 · Mar 2011March 2011 | 400,000 /yr | |
| 903 | 3-bed | 2,484 sqft | AED 6.9MAED 6,900,000 · Aug 2009August 2009 | 264,000 /yr | |
| 904 | 2-bed | 1,909 sqft | AED 2.45MAED 2,450,000 · Feb 2022February 2022 | ||
| 905 | 3-bed | 2,328 sqft | AED 5.8MAED 5,800,000 · May 2024May 2024 | 330,000 /yr | |
| 906 | 5-bed | 3,491 sqft | AED 9.5MAED 9,500,000 · Aug 2009August 2009 | 435,000 /yr | |
| 907 | 2-bed | 1,877 sqft | AED 4.58MAED 4,580,000 · Aug 2009August 2009 | 161,477 /yr |
908, Balqis Residence 3 in numbers
- Sold twice: first on 12 July 2020 for AED 1,430,000, last on 27 March 2023 for AED 4,000,000 (AED 2,038 per sqft).
- Rented since February 2020 on 2 Ejari contracts, from AED 135,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2023 price is 3.0%, before a service charge of about AED 34,900 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 27 March 2023.
Questions about 908, Balqis Residence 3
What did unit 908 last sell for?
AED 4,000,000 on 27 March 2023: AED 2,038 per sqft for 1,962 sqft. The unit has 2 registered sales; the first was AED 1,430,000 in July 2020.
What is the rent for unit 908?
AED 120,000 a year on the contract signed on 1 September 2020. The previous contract, from February 2020, was AED 135,000.
How big is unit 908?
1,962 sqft (182.3 sqm): a two-bedroom apartment on the 9th floor of a 11-storey tower completed in 2019.
What is unit 908 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 908, Balqis Residence 3
Starts from the last sale price (AED 4M, 27 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,000,000
- Deposit, UAE resident (20%)
- AED 800,000
- Deposit, non-resident (40%)
- AED 1,600,000
- Monthly over 25 years at 3.7%
- AED 16,365
Plus AED 173,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →