702, Balqis Residence 1
Sold prices and rental history: sold once, by the developer in August 2009, 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 702, Balqis Residence 1
What is 702 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,284 sqft
- Floor
- 7th of 11
- Parking
- G-47, B-233
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 40,700 /yr
- Last sold
- AED 4.44M · August 2009
- Building
- Balqis Residence 1
About 702, Balqis Residence 1
702 is a three-bedroom apartment of 2,284 sqft on the 7th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 17 August 2009 for AED 4,440,000, or AED 1,943 per sqft, 27% above the AED 1,525 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 October 2024, is AED 255,000 a year: a gross yield of 5.7% on the 2009 price, before the service charge of about AED 40,700 a year.
Sales and rents for 702 over time
702 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 702 sits
All 18 3-beds →702 last sold in August 2009 at AED 1,943 per sqft, 27% above what three-beds in Balqis Residence 1 were fetching at the time (AED 1,525). 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. 702's AED 255,000 is at the bottom 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 7th floor
All 54 units in Balqis Residence 1702, Balqis Residence 1 in numbers
- Sold once: by Balqis Residence on 17 August 2009 for AED 4,440,000, or AED 1,943 per sqft.
- Rented since September 2019 on 4 Ejari contracts, from AED 150,000 to AED 255,000 a year.
- At AED 255,000 a year the gross yield on the 2009 price is 5.7%, 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 1 October 2024.
Questions about 702, Balqis Residence 1
What did unit 702 last sell for?
AED 4,440,000 on 17 August 2009, sold by the developer: AED 1,943 per sqft for 2,284 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 255,000 a year on the contract signed on 1 October 2024. The previous contract, from June 2023, was AED 250,000; the unit has been rented since September 2019.
How big is unit 702?
2,284 sqft (212.2 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 702 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.
Selling 702? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 702, Balqis Residence 1
Starts from the last sale price (AED 4.44M, 17 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 4,440,000
- Deposit, UAE resident (20%)
- AED 888,000
- Deposit, non-resident (40%)
- AED 1,776,000
- Monthly over 25 years at 3.7%
- AED 18,165
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →