305, Balqis Residence 1
Sold prices and rental history: sold twice, last in June 2020, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 305, Balqis Residence 1
What is 305 worth today?
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Source: Dubai Land Department. Updated 7 May 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,284 sqft
- Floor
- 3rd of 11
- Parking
- G-34, G-35
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 40,700 /yr
- Last sold
- AED 1.69M · June 2020
- Building
- Balqis Residence 1
About 305, Balqis Residence 1
305 is a three-bedroom apartment of 2,284 sqft on the 3rd floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 7 June 2020 for AED 1,690,000, or AED 739 per sqft.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 7 May 2025, is AED 338,625 a year: a gross yield of 20.0% on the 2020 price, before the service charge of about AED 40,700 a year.
Sales and rents for 305 over time
305 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 305 sits
All 18 3-beds →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. 305's AED 338,625 is in the lower half 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 305K /yr
- Typical yield
- 4.0%
Other units on the 3rd floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 3-bed | 2,443 sqft | AED 3.2MAED 3,200,000 · Mar 2022March 2022 | 10,000 /yr | |
| 302 | 4-bed | 3,291 sqft | AED 3MAED 3,000,000 · Dec 2019December 2019 | ||
| 303 | 2-bed | 1,971 sqft | AED 3.31MAED 3,310,000 · Jun 2024June 2024 | 200,000 /yr | |
| 304 | 2-bed | 2,093 sqft | AED 2.63MAED 2,633,000 · May 2016May 2016 | 151,595 /yr | |
| 306 | 4-bed | 3,378 sqft | AED 3.1MAED 3,100,000 · Feb 2021February 2021 | ||
| 307 | 2-bed | 2,008 sqft | AED 3.75MAED 3,750,000 · Apr 2025April 2025 | 210,000 /yr | |
| 308 | 2-bed | 2,204 sqft | AED 2.5MAED 2,500,000 · Feb 2022February 2022 | 250,000 /yr |
305, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 3,690,000, last on 7 June 2020 for AED 1,690,000 (AED 739 per sqft).
- Rented since May 2023 on 4 Ejari contracts, from AED 300,000 to AED 338,625 a year.
- At AED 338,625 a year the gross yield on the 2020 price is 20.0%, before a service charge of about AED 40,700 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 7 May 2025.
Questions about 305, Balqis Residence 1
What did unit 305 last sell for?
AED 1,690,000 on 7 June 2020: AED 739 per sqft for 2,284 sqft. The unit has 2 registered sales; the first was AED 3,690,000 in August 2009.
What is the rent for unit 305?
AED 338,625 a year on the contract renewed on 7 May 2025. The previous contract, from May 2025, was AED 338,625; the unit has been rented since May 2023.
How big is unit 305?
2,284 sqft (212.2 sqm): a three-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 305 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.
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Mortgage on 305, Balqis Residence 1
Starts from the last sale price (AED 1.69M, 7 June 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,690,000
- Deposit, UAE resident (20%)
- AED 338,000
- Deposit, non-resident (40%)
- AED 676,000
- Monthly over 25 years at 3.7%
- AED 6,914
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →