605, Balqis Residence 1
Sold prices and rental history: sold 3 times, last in April 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 605, Balqis Residence 1
What is 605 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- 4-bed apartment
- Size
- 3,360 sqft
- Floor
- 6th of 11
- Parking
- B-8, B-9
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 59,800 /yr
- Last sold
- AED 8.8M · April 2025
- Building
- Balqis Residence 1
About 605, Balqis Residence 1
605 is a four-bedroom apartment of 3,360 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 17 April 2025 for AED 8,800,000, or AED 2,618 per sqft.
It has been rented continuously since 2020 on 11 Ejari contracts. The current contract, renewed on 1 August 2026, is AED 300,000 a year: a gross yield of 3.4% on the 2025 price, before the service charge of about AED 59,800 a year.
Sales and rents for 605 over time
605 has sold 3 times; 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 605 sits
All 11 4-beds →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. 605's AED 300,000 is at the bottom 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 | ||
| 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 | ||
| 29 Nov 202229 November 2022 | 8,037 sqft | 10,388,280 | 1,292 |
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 6th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 4,918 sqft | AED 16.83MAED 16,825,000 · May 2026May 2026 | 400,000 /yr | |
| 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 | |
| 606 | 2-bed | 1,935 sqft | AED 3.25MAED 3,250,000 · Nov 2022November 2022 |
605, Balqis Residence 1 in numbers
- Sold 3 times: first on 17 August 2009 for AED 6,200,000, last on 17 April 2025 for AED 8,800,000 (AED 2,618 per sqft).
- Rented since October 2020 on 11 Ejari contracts. The rent fell from AED 200,000 to AED 150,000 in 2022 and recovered to AED 300,000 by August 2026.
- At AED 300,000 a year the gross yield on the 2025 price is 3.4%, 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 1 August 2026.
Questions about 605, Balqis Residence 1
What did unit 605 last sell for?
AED 8,800,000 on 17 April 2025: AED 2,618 per sqft for 3,360 sqft. The unit has 3 registered sales; the first was AED 6,200,000 in August 2009.
What is the rent for unit 605?
AED 300,000 a year on the contract renewed on 1 August 2026. The previous contract, from August 2025, was AED 300,000; the unit has been rented since October 2020.
How big is unit 605?
3,360 sqft (312.2 sqm): a four-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 605 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 605, Balqis Residence 1
Starts from the last sale price (AED 8.8M, 17 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 8,800,000
- Deposit, UAE resident (20%)
- AED 1,760,000
- Deposit, non-resident (40%)
- AED 3,520,000
- Monthly over 25 years at 3.7%
- AED 36,004
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →