703, Balqis Residence 1
Sold prices and rental history: sold twice, last in November 2025, 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 703, Balqis Residence 1
What is 703 worth today?
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Source: Dubai Land Department. Updated 10 June 2026.
Key facts
- Type
- 4-bed apartment
- Size
- 3,361 sqft
- Floor
- 7th of 11
- Parking
- B-10, B-11
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 59,900 /yr
- Last sold
- AED 9.15M · November 2025
- Building
- Balqis Residence 1
About 703, Balqis Residence 1
703 is a four-bedroom apartment of 3,361 sqft on the 7th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 12 November 2025 for AED 9,150,000, or AED 2,722 per sqft.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 10 June 2026, is AED 365,000 a year: a gross yield of 4.0% on the 2025 price, before the service charge of about AED 59,900 a year.
Sales and rents for 703 over time
703 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 703 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. 703's AED 365,000 is in the lower half of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 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 310K /yr
- Typical yield
- 4.0%
Other units on the 7th floor
All 54 units in Balqis Residence 1703, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 6,300,000, last on 12 November 2025 for AED 9,150,000 (AED 2,722 per sqft).
- Rented since September 2019 on 7 Ejari contracts. The rent fell from AED 235,000 to AED 140,000 in 2023 and recovered to AED 365,000 by June 2026.
- At AED 365,000 a year the gross yield on the 2025 price is 4.0%, before a service charge of about AED 59,900 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 10 June 2026.
Questions about 703, Balqis Residence 1
What did unit 703 last sell for?
AED 9,150,000 on 12 November 2025: AED 2,722 per sqft for 3,361 sqft. The unit has 2 registered sales; the first was AED 6,300,000 in August 2009.
What is the rent for unit 703?
AED 365,000 a year on the contract signed on 10 June 2026. The previous contract, from April 2025, was AED 450,000; the unit has been rented since September 2019.
How big is unit 703?
3,361 sqft (312.2 sqm): a four-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 703 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 703, Balqis Residence 1
Starts from the last sale price (AED 9.15M, 12 November 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 9,150,000
- Deposit, UAE resident (20%)
- AED 1,830,000
- Deposit, non-resident (40%)
- AED 3,660,000
- Monthly over 25 years at 3.7%
- AED 37,435
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →