501, Balqis Residence 1
Sold prices and rental history: sold twice, last in April 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Balqis Residence 1
What is 501 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 6,270 sqft
- Floor
- 5th of 11
- Parking
- B-294, B-293, B-295
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 111,700 /yr
- Last sold
- AED 8.1M · April 2023
- Building
- Balqis Residence 1
About 501, Balqis Residence 1
501 is a three-bedroom apartment of 6,270 sqft on the 5th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 5 April 2023 for AED 8,100,000, or AED 1,291 per sqft, in line with the AED 1,311 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 1 August 2026, is AED 650,000 a year: a gross yield of 8.0% on the 2023 price, before the service charge of about AED 111,700 a year.
Sales and rents for 501 over time
501 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 501 sits
All 18 3-beds →501 last sold in April 2023 at AED 1,291 per sqft, in line with what three-beds in Balqis Residence 1 were fetching at the time (AED 1,311). 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. 501's AED 650,000 is at the top 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 5th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 7,523 sqft | AED 10.5MAED 10,500,000 · Jun 2022June 2022 | 200,000 /yr | |
| 503 | 2-bed | 2,098 sqft | AED 3.25MAED 3,250,000 · Sep 2022September 2022 | ||
| 504 | 3-bed | 2,283 sqft | AED 2.1MAED 2,100,000 · May 2021May 2021 | 325,000 /yr | |
| 505 | 4-bed | 3,355 sqft | AED 2.95MAED 2,950,000 · May 2021May 2021 | 379,500 /yr | |
| 506 | 2-bed | 1,936 sqft | AED 1.85MAED 1,850,000 · Oct 2019October 2019 |
501, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 9,000,000, last on 5 April 2023 for AED 8,100,000 (AED 1,291 per sqft).
- Rented since October 2019 on 6 Ejari contracts. The rent fell from AED 351,496 to AED 300,000 in 2022 and recovered to AED 650,000 by August 2026.
- At AED 650,000 a year the gross yield on the 2023 price is 8.0%, before a service charge of about AED 111,700 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 1 August 2026.
Questions about 501, Balqis Residence 1
What did unit 501 last sell for?
AED 8,100,000 on 5 April 2023: AED 1,291 per sqft for 6,270 sqft. The unit has 2 registered sales; the first was AED 9,000,000 in August 2009.
What is the rent for unit 501?
AED 650,000 a year on the contract signed on 1 August 2026. The previous contract, from February 2025, was AED 882,000; the unit has been rented since October 2019.
How big is unit 501?
6,270 sqft (582.5 sqm): a three-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 501 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 501, Balqis Residence 1
Starts from the last sale price (AED 8.1M, 5 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 8,100,000
- Deposit, UAE resident (20%)
- AED 1,620,000
- Deposit, non-resident (40%)
- AED 3,240,000
- Monthly over 25 years at 3.7%
- AED 33,140
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →