1001, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in October 2009, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, Balqis Residence 3
What is 1001 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,433 sqft
- Floor
- 10th of 11
- Parking
- B-360
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 43,300 /yr
- Last sold
- AED 8.94M · October 2009
- Building
- Balqis Residence 3
About 1001, Balqis Residence 3
1001 is a three-bedroom apartment of 2,433 sqft on the 10th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 15 October 2009 for AED 8,939,000, or AED 3,673 per sqft, 33% above the AED 2,765 three-beds in the building were fetching at the time.
It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 1 September 2026, is AED 260,000 a year: a gross yield of 2.9% on the 2009 price, before the service charge of about AED 43,300 a year.
Sales and rents for 1001 over time
1001 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 3, and where 1001 sits
All 36 3-beds →1001 last sold in October 2009 at AED 3,673 per sqft, 33% above what three-beds in Balqis Residence 3 were fetching at the time (AED 2,765). Over the last 12 months three-beds sold for AED 6,180,000, around AED 2,540 per sqft, and rent for AED 60,000 to 430,000 a year. 1001's AED 260,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Nov 202513 November 2025 | 2,433 sqft | 6,180,000 | 2,540 | ||
| 1 Jul 20241 July 2024 | 2,485 sqft | 4,862,000 | 1,956 | ||
| 3 Jun 20243 June 2024 | 1,945 sqft | 2,372,438 | 1,219 | ||
| 8 May 20248 May 2024 | 2,328 sqft | 5,800,000 | 2,491 |
Balqis Residence 3
Building144 apartments, studios to 9-bed over 11 floors in Palm Jumeirah, completed in 2019 by Balqis Residence. 6 sold in the last 12 months.
- Typical price per sqft
- AED 1,708
- Typical sale
- AED 2.61M
- Typical rent
- AED 280K /yr
- Typical yield
- 6.6%
Other units on the 10th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 4-bed | 3,498 sqft | AED 4.2MAED 4,200,000 · Nov 2018November 2018 | ||
| 1003 | 3-bed | 2,485 sqft | AED 2.75MAED 2,750,000 · Sep 2021September 2021 | 150,000 /yr | |
| 1004 | 2-bed | 1,909 sqft | AED 4.1MAED 4,100,000 · Oct 2025October 2025 | ||
| 1005 | 3-bed | 2,328 sqft | AED 2.95MAED 2,950,000 · Dec 2021December 2021 | 400,000 /yr | |
| 1006 | 5-bed | 3,491 sqft | AED 3.8MAED 3,800,000 · Jan 2020January 2020 | 365,000 /yr | |
| 1007 | 2-bed | 1,878 sqft | AED 1.79MAED 1,785,000 · Mar 2021March 2021 | 130,000 /yr | |
| 1008 | 2-bed | 1,957 sqft | AED 3.85MAED 3,850,000 · Jun 2015June 2015 | 213,000 /yr |
1001, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 15 October 2009 for AED 8,939,000, or AED 3,673 per sqft.
- Rented since August 2026 on 2 Ejari contracts, at AED 260,000 a year.
- At AED 260,000 a year the gross yield on the 2009 price is 2.9%, before a service charge of about AED 43,300 a year (AED 17.81 per sqft).
- Three-beds in Balqis Residence 3 sold for AED 6,180,000–6,180,000 in the 12 months to November 2026; the building's median across all types is AED 1,708 per sqft.
Source: Dubai Land Department. Updated 1 September 2026.
Questions about 1001, Balqis Residence 3
What did unit 1001 last sell for?
AED 8,939,000 on 15 October 2009, sold by the developer: AED 3,673 per sqft for 2,433 sqft. It is the only registered sale of the unit.
What is the rent for unit 1001?
AED 260,000 a year on the contract signed on 1 September 2026. The previous contract, from August 2026, was AED 260,000.
How big is unit 1001?
2,433 sqft (226.0 sqm): a three-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1001 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 3 sold for AED 6,180,000 to 6,180,000 in the last 12 months, around AED 2,540 per sqft.
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Mortgage on 1001, Balqis Residence 3
Starts from the last sale price (AED 8.94M, 15 October 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 8,939,000
- Deposit, UAE resident (20%)
- AED 1,787,800
- Deposit, non-resident (40%)
- AED 3,575,600
- Monthly over 25 years at 3.7%
- AED 36,572
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →