404, Balqis Residence 1
Sold prices and rental history: sold twice, last in July 2020, and rented once, from March 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 404, Balqis Residence 1
What is 404 worth today?
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Source: Dubai Land Department. Updated 28 July 2020.
Key facts
- Type
- 3-bed apartment
- Size
- 2,283 sqft
- Floor
- 4th of 11
- Parking
- G-32, G-33, G-7
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 40,700 /yr
- Last sold
- AED 1.75M · July 2020
- Building
- Balqis Residence 1
About 404, Balqis Residence 1
404 is a three-bedroom apartment of 2,283 sqft on the 4th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 28 July 2020 for AED 1,750,000, or AED 766 per sqft.
One Ejari contract is registered, from 13 March 2019. The current contract, signed on 13 March 2019, is AED 147,000 a year: a gross yield of 8.4% on the 2020 price, before the service charge of about AED 40,700 a year.
Sales and rents for 404 over time
404 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 404 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. 404's AED 147,000 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 305K /yr
- Typical yield
- 4.0%
Other units on the 4th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,837 sqft | AED 3.85MAED 3,850,000 · Feb 2025February 2025 | ||
| 402 | 2-bed | 1,987 sqft | AED 3.2MAED 3,200,000 · Aug 2009August 2009 | 235,000 /yr | |
| 403 | 2-bed | 1,985 sqft | AED 3.15MAED 3,150,000 · Jun 2022June 2022 | 90,000 /yr | |
| 405 | 4-bed | 3,356 sqft | AED 8.7MAED 8,700,000 · Jul 2024July 2024 | 370,000 /yr | |
| 406 | 2-bed | 1,936 sqft | AED 3.5MAED 3,500,000 · Aug 2009August 2009 | 271,500 /yr |
404, Balqis Residence 1 in numbers
- Sold twice: first on 17 August 2009 for AED 4,215,000, last on 28 July 2020 for AED 1,750,000 (AED 766 per sqft).
- Rented since March 2019 on one Ejari contract, at AED 147,000 a year.
- At AED 147,000 a year the gross yield on the 2020 price is 8.4%, 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 28 July 2020.
Questions about 404, Balqis Residence 1
What did unit 404 last sell for?
AED 1,750,000 on 28 July 2020: AED 766 per sqft for 2,283 sqft. The unit has 2 registered sales; the first was AED 4,215,000 in August 2009.
What is the rent for unit 404?
AED 147,000 a year on the contract signed on 13 March 2019.
How big is unit 404?
2,283 sqft (212.1 sqm): a three-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 404 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 404, Balqis Residence 1
Starts from the last sale price (AED 1.75M, 28 July 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,750,000
- Deposit, UAE resident (20%)
- AED 350,000
- Deposit, non-resident (40%)
- AED 700,000
- Monthly over 25 years at 3.7%
- AED 7,160
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →