802, Balqis Residence 1
Sold prices and rental history: sold twice, last in January 2022, 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 802, Balqis Residence 1
What is 802 worth today?
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Source: Dubai Land Department. Updated 15 January 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 2,284 sqft
- Floor
- 8th of 11
- Parking
- G-8 , B-96
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 40,700 /yr
- Last sold
- AED 2.9M · January 2022
- Building
- Balqis Residence 1
About 802, Balqis Residence 1
802 is a three-bedroom apartment of 2,284 sqft on the 8th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 14 January 2022 for AED 2,900,000, or AED 1,269 per sqft, 16% above the AED 1,094 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 15 January 2022, is AED 120,000 a year: a gross yield of 4.1% on the 2022 price, before the service charge of about AED 40,700 a year.
Sales and rents for 802 over time
802 has sold twice; 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 802 sits
All 18 3-beds →802 last sold in January 2022 at AED 1,269 per sqft, 16% above what three-beds in Balqis Residence 1 were fetching at the time (AED 1,094). 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. 802's AED 120,000 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 310K /yr
- Typical yield
- 4.0%
Other units on the 8th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 801 | 2-bed | 2,001 sqft | AED 2.25MAED 2,250,000 · Jul 2021July 2021 | 105,000 /yr | |
| 803 | 4-bed | 3,355 sqft | AED 6MAED 6,000,000 · Feb 2013February 2013 | 380,000 /yr | |
| 804 | 2-bed | 1,936 sqft | AED 3.05MAED 3,050,000 · Aug 2022August 2022 | 196,000 /yr | |
| 805 | 3-bed | 5,628 sqft | AED 12MAED 12,000,000 · Nov 2023November 2023 | 1,000,000 /yr |
802, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 4,515,000, last on 14 January 2022 for AED 2,900,000 (AED 1,269 per sqft).
- Rented since August 2019 on 4 Ejari contracts, from AED 130,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2022 price is 4.1%, 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 15 January 2022.
Questions about 802, Balqis Residence 1
What did unit 802 last sell for?
AED 2,900,000 on 14 January 2022: AED 1,269 per sqft for 2,284 sqft. The unit has 2 registered sales; the first was AED 4,515,000 in August 2009.
What is the rent for unit 802?
AED 120,000 a year on the contract signed on 15 January 2022. The previous contract, from August 2021, was AED 120,000; the unit has been rented since August 2019.
How big is unit 802?
2,284 sqft (212.2 sqm): a three-bedroom apartment on the 8th floor of a 11-storey tower completed in 2019.
What is unit 802 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 802, Balqis Residence 1
Starts from the last sale price (AED 2.9M, 14 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →