504, Balqis Residence 1
Sold prices and rental history: sold once, by the developer in May 2021, 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 504, Balqis Residence 1
What is 504 worth today?
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Source: Dubai Land Department. Updated 22 December 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,283 sqft
- Floor
- 5th of 11
- Parking
- G-1, G-2
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 40,700 /yr
- Last sold
- AED 2.1M · May 2021
- Building
- Balqis Residence 1
About 504, Balqis Residence 1
504 is a three-bedroom apartment of 2,283 sqft on the 5th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 24 May 2021 for AED 2,100,000, or AED 919 per sqft, 20% above the AED 766 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, signed on 22 December 2025, is AED 325,000 a year: a gross yield of 15.5% on the 2021 price, before the service charge of about AED 40,700 a year.
Sales and rents for 504 over time
504 has sold once; 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 504 sits
All 18 3-beds →504 last sold in May 2021 at AED 919 per sqft, 20% above what three-beds in Balqis Residence 1 were fetching at the time (AED 766). 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. 504's AED 325,000 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 5th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 6,270 sqft | AED 8.1MAED 8,100,000 · Apr 2023April 2023 | 650,000 /yr | |
| 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 | ||
| 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 |
504, Balqis Residence 1 in numbers
- Sold once: by Balqis Residence on 24 May 2021 for AED 2,100,000, or AED 919 per sqft.
- Rented since December 2019 on 8 Ejari contracts, from AED 150,000 to AED 325,000 a year.
- At AED 325,000 a year the gross yield on the 2021 price is 15.5%, 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 22 December 2025.
Questions about 504, Balqis Residence 1
What did unit 504 last sell for?
AED 2,100,000 on 24 May 2021, sold by the developer: AED 919 per sqft for 2,283 sqft. It is the only registered sale of the unit.
What is the rent for unit 504?
AED 325,000 a year on the contract signed on 22 December 2025. The previous contract, from June 2025, was AED 320,000; the unit has been rented since December 2019.
How big is unit 504?
2,283 sqft (212.1 sqm): a three-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 504 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 504, Balqis Residence 1
Starts from the last sale price (AED 2.1M, 24 May 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,100,000
- Deposit, UAE resident (20%)
- AED 420,000
- Deposit, non-resident (40%)
- AED 840,000
- Monthly over 25 years at 3.7%
- AED 8,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →