505, Balqis Residence 1
Sold prices and rental history: sold twice, last in May 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Balqis Residence 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 April 2025.
Key facts
- Type
- 4-bed apartment
- Size
- 3,355 sqft
- Floor
- 5th of 11
- Parking
- B-4, B-5
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 59,800 /yr
- Last sold
- AED 2.95M · May 2021
- Building
- Balqis Residence 1
About 505, Balqis Residence 1
505 is a four-bedroom apartment of 3,355 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 2 May 2021 for AED 2,950,000, or AED 879 per sqft, 4% below the AED 917 four-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 15 April 2025, is AED 379,500 a year: a gross yield of 12.9% on the 2021 price, before the service charge of about AED 59,800 a year.
Sales and rents for 505 over time
505 has sold twice; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Balqis Residence 1, and where 505 sits
All 11 4-beds →505 last sold in May 2021 at AED 879 per sqft, 4% below what four-beds in Balqis Residence 1 were fetching at the time (AED 917). Over the last 12 months four-beds sold for AED 9,150,000, around AED 2,722 per sqft, and rent for AED 300,000 to 450,000 a year. 505's AED 379,500 is in the upper half of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Nov 202512 November 2025 | 3,361 sqft | 9,150,000 | 2,722 | ||
| 17 Apr 202517 April 2025 | 3,360 sqft | 8,800,000 | 2,618 | ||
| 1 Jul 20241 July 2024 | 3,356 sqft | 8,700,000 | 2,592 | ||
| 29 Nov 202229 November 2022 | 9,542 sqft | 11,488,680 | 1,204 |
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 | ||
| 504 | 3-bed | 2,283 sqft | AED 2.1MAED 2,100,000 · May 2021May 2021 | 325,000 /yr | |
| 506 | 2-bed | 1,936 sqft | AED 1.85MAED 1,850,000 · Oct 2019October 2019 |
505, Balqis Residence 1 in numbers
- Sold twice: first on 17 August 2009 for AED 6,100,000, last on 2 May 2021 for AED 2,950,000 (AED 879 per sqft).
- Rented since April 2022 on 4 Ejari contracts, from AED 300,000 to AED 379,500 a year.
- At AED 379,500 a year the gross yield on the 2021 price is 12.9%, before a service charge of about AED 59,800 a year (AED 17.81 per sqft).
- Four-beds in Balqis Residence 1 sold for AED 9,150,000–9,150,000 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 15 April 2025.
Questions about 505, Balqis Residence 1
What did unit 505 last sell for?
AED 2,950,000 on 2 May 2021: AED 879 per sqft for 3,355 sqft. The unit has 2 registered sales; the first was AED 6,100,000 in August 2009.
What is the rent for unit 505?
AED 379,500 a year on the contract signed on 15 April 2025. The previous contract, from April 2025, was AED 379,500; the unit has been rented since April 2022.
How big is unit 505?
3,355 sqft (311.7 sqm): a four-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Balqis Residence 1 sold for AED 9,150,000 to 9,150,000 in the last 12 months, around AED 2,722 per sqft.
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Mortgage on 505, Balqis Residence 1
Starts from the last sale price (AED 2.95M, 2 May 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,950,000
- Deposit, UAE resident (20%)
- AED 590,000
- Deposit, non-resident (40%)
- AED 1,180,000
- Monthly over 25 years at 3.7%
- AED 12,069
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →