902, Balqis Residence 1
Sold prices and rental history: sold twice, last in January 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 902, Balqis Residence 1
What is 902 worth today?
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Source: Dubai Land Department. Updated 28 January 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 2,284 sqft
- Floor
- 9th of 11
- Parking
- G-10
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 40,700 /yr
- Last sold
- AED 2.75M · January 2022
- Building
- Balqis Residence 1
About 902, Balqis Residence 1
902 is a three-bedroom apartment of 2,284 sqft on the 9th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 28 January 2022 for AED 2,750,000, or AED 1,203 per sqft, in line with the AED 1,203 three-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 13 August 2021, is AED 140,000 a year: a gross yield of 5.1% on the 2022 price, before the service charge of about AED 40,700 a year.
Sales and rents for 902 over time
902 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 902 sits
All 18 3-beds →902 last sold in January 2022 at AED 1,203 per sqft, in line with what three-beds in Balqis Residence 1 were fetching at the time (AED 1,203). 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. 902's AED 140,000 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 9th floor
All 54 units in Balqis Residence 1902, Balqis Residence 1 in numbers
- Sold twice: first on 9 April 2013 for AED 6,100,000, last on 28 January 2022 for AED 2,750,000 (AED 1,203 per sqft).
- Rented since July 2019 on 3 Ejari contracts, from AED 154,286 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2022 price is 5.1%, 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 28 January 2022.
Questions about 902, Balqis Residence 1
What did unit 902 last sell for?
AED 2,750,000 on 28 January 2022: AED 1,203 per sqft for 2,284 sqft. The unit has 2 registered sales; the first was AED 6,100,000 in April 2013.
What is the rent for unit 902?
AED 140,000 a year on the contract signed on 13 August 2021. The previous contract, from July 2020, was AED 140,000; the unit has been rented since July 2019.
How big is unit 902?
2,284 sqft (212.2 sqm): a three-bedroom apartment on the 9th floor of a 11-storey tower completed in 2019.
What is unit 902 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 902, Balqis Residence 1
Starts from the last sale price (AED 2.75M, 28 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,750,000
- Deposit, UAE resident (20%)
- AED 550,000
- Deposit, non-resident (40%)
- AED 1,100,000
- Monthly over 25 years at 3.7%
- AED 11,251
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →