208, Balqis Residence 1
Sold prices and rental history: sold twice, last in March 2021, and rented once, from January 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 208, Balqis Residence 1
What is 208 worth today?
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Source: Dubai Land Department. Updated 29 March 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 8,260 sqft
- Floor
- 2nd of 11
- Parking
- INTEGRATED
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 147,100 /yr
- Last sold
- AED 4.05M · March 2021
- Building
- Balqis Residence 1
About 208, Balqis Residence 1
208 is a three-bedroom apartment of 8,260 sqft on the 2nd floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 29 March 2021 for AED 4,050,000, or AED 490 per sqft, 35% below the AED 753 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 25 January 2021. The current contract, signed on 25 January 2021, is AED 200,000 a year: a gross yield of 4.9% on the 2021 price, before the service charge of about AED 147,100 a year.
Sales and rents for 208 over time
208 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 1, and where 208 sits
All 18 3-beds →208 last sold in March 2021 at AED 490 per sqft, 35% below what three-beds in Balqis Residence 1 were fetching at the time (AED 753). Over the last 12 months three-beds sold for AED 5,850,000 to 16,825,000, around AED 2,992 per sqft, and rent for AED 310,000 to 650,000 a year. 208's AED 200,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 May 202614 May 2026 | 4,918 sqft | 16,825,000 | 3,421 | ||
| 18 Feb 202618 February 2026 | 2,283 sqft | 5,850,000 | 2,562 | ||
| 4 Jun 20254 June 2025 | 5,225 sqft | 16,850,000 | 3,224 | ||
| 13 Apr 202513 April 2025 | 4,283 sqft | 4,000,000 | 934 |
Balqis Residence 1
Building54 apartments, 2-bed to 6-bed over 11 floors in Palm Jumeirah, completed in 2019 by Balqis Residence. 5 sold in the last 12 months.
- Typical price per sqft
- AED 2,722
- Typical sale
- AED 9.15M
- Typical rent
- AED 310K /yr
- Typical yield
- 4.0%
Other units on the 2nd floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 2-bed | 2,209 sqft | AED 3.8MAED 3,800,000 · May 2012May 2012 | 125,000 /yr | |
| 202 | 4-bed | 9,542 sqft | AED 11.49MAED 11,488,680 · Nov 2022November 2022 | 450,000 /yr | |
| 203 | 5-bed | 11,300 sqft | AED 12.05MAED 12,052,200 · Jul 2020July 2020 | 550,000 /yr | |
| 204 | 2-bed | 2,216 sqft | AED 2.5MAED 2,500,000 · Jun 2012June 2012 | 190,000 /yr | |
| 205 | 3-bed | 7,822 sqft | AED 8.9MAED 8,900,000 · Aug 2009August 2009 | ||
| 206 | 4-bed | 8,037 sqft | AED 10.39MAED 10,388,280 · Nov 2022November 2022 | 450,000 /yr | |
| 207 | 5-bed | 11,446 sqft | AED 13MAED 13,000,000 · Jan 2025January 2025 | 241,005 /yr |
208, Balqis Residence 1 in numbers
- Sold twice: first on 17 August 2009 for AED 9,100,000, last on 29 March 2021 for AED 4,050,000 (AED 490 per sqft).
- Rented since January 2021 on one Ejari contract, at AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2021 price is 4.9%, before a service charge of about AED 147,100 a year (AED 17.81 per sqft).
- Three-beds in Balqis Residence 1 sold for AED 5,850,000–16,825,000 in the 12 months to November 2026; the building's median across all types is AED 2,722 per sqft.
Source: Dubai Land Department. Updated 29 March 2021.
Questions about 208, Balqis Residence 1
What did unit 208 last sell for?
AED 4,050,000 on 29 March 2021: AED 490 per sqft for 8,260 sqft. The unit has 2 registered sales; the first was AED 9,100,000 in August 2009.
What is the rent for unit 208?
AED 200,000 a year on the contract signed on 25 January 2021.
How big is unit 208?
8,260 sqft (767.4 sqm): a three-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 208 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 1 sold for AED 5,850,000 to 16,825,000 in the last 12 months, around AED 2,992 per sqft.
Selling 208? Put it on the OpenOffers board
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Mortgage on 208, Balqis Residence 1
Starts from the last sale price (AED 4.05M, 29 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 4,050,000
- Deposit, UAE resident (20%)
- AED 810,000
- Deposit, non-resident (40%)
- AED 1,620,000
- Monthly over 25 years at 3.7%
- AED 16,570
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →