601, Balqis Residence 1
Sold prices and rental history: sold 3 times, last in May 2026, 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 601, Balqis Residence 1
What is 601 worth today?
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Source: Dubai Land Department. Updated 14 May 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 4,918 sqft
- Floor
- 6th of 11
- Parking
- B-238, B-237
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 87,600 /yr
- Last sold
- AED 16.83M · May 2026
- Building
- Balqis Residence 1
About 601, Balqis Residence 1
601 is a three-bedroom apartment of 4,918 sqft on the 6th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 14 May 2026 for AED 16,825,000, or AED 3,421 per sqft, 6% above the AED 3,224 three-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 1 March 2024, is AED 400,000 a year: a gross yield of 2.4% on the 2026 price, before the service charge of about AED 87,600 a year.
Sales and rents for 601 over time
601 has sold 3 times; 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 601 sits
All 18 3-beds →601 last sold in May 2026 at AED 3,421 per sqft, 6% above what three-beds in Balqis Residence 1 were fetching at the time (AED 3,224). 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. 601's AED 400,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 4 Jun 20244 June 2024 | 5,225 sqft | 12,200,000 | 2,334 |
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 6th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 602 | 3-bed | 5,225 sqft | AED 16.85MAED 16,850,000 · Jun 2025June 2025 | ||
| 603 | 2-bed | 2,098 sqft | AED 6.5MAED 6,500,000 · Nov 2025November 2025 | ||
| 604 | 3-bed | 2,283 sqft | AED 5.85MAED 5,850,000 · Feb 2026February 2026 | 320,000 /yr | |
| 605 | 4-bed | 3,360 sqft | AED 8.8MAED 8,800,000 · Apr 2025April 2025 | 300,000 /yr | |
| 606 | 2-bed | 1,935 sqft | AED 3.25MAED 3,250,000 · Nov 2022November 2022 |
601, Balqis Residence 1 in numbers
- Sold 3 times: first on 29 November 2022 for AED 6,451,480, last on 14 May 2026 for AED 16,825,000 (AED 3,421 per sqft).
- Rented since April 2022 on 5 Ejari contracts. The rent fell from AED 1,120,000 to AED 73,500 in 2022 and recovered to AED 400,000 by March 2024.
- At AED 400,000 a year the gross yield on the 2026 price is 2.4%, before a service charge of about AED 87,600 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 14 May 2026.
Questions about 601, Balqis Residence 1
What did unit 601 last sell for?
AED 16,825,000 on 14 May 2026: AED 3,421 per sqft for 4,918 sqft. The unit has 3 registered sales; the first was AED 6,451,480 in November 2022.
What is the rent for unit 601?
AED 400,000 a year on the contract renewed on 1 March 2024. The previous contract, from March 2023, was AED 400,000; the unit has been rented since April 2022.
How big is unit 601?
4,918 sqft (456.9 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 601 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 601, Balqis Residence 1
Starts from the last sale price (AED 16.83M, 14 May 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 16,825,000
- Deposit, UAE resident (20%)
- AED 3,365,000
- Deposit, non-resident (40%)
- AED 6,730,000
- Monthly over 25 years at 3.7%
- AED 68,836
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →