1003, Balqis Residence 3
Sold prices and rental history: sold twice, last in September 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1003, Balqis Residence 3
What is 1003 worth today?
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Source: Dubai Land Department. Updated 15 September 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 2,485 sqft
- Floor
- 10th of 11
- Parking
- B-396, B-395
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 44,300 /yr
- Last sold
- AED 2.75M · September 2021
- Building
- Balqis Residence 3
About 1003, Balqis Residence 3
1003 is a three-bedroom apartment of 2,485 sqft on the 10th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 15 September 2021 for AED 2,750,000, or AED 1,106 per sqft, in line with the AED 1,090 three-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 15 March 2021, is AED 150,000 a year: a gross yield of 5.5% on the 2021 price, before the service charge of about AED 44,300 a year.
Sales and rents for 1003 over time
1003 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 3, and where 1003 sits
All 36 3-beds →1003 last sold in September 2021 at AED 1,106 per sqft, in line with what three-beds in Balqis Residence 3 were fetching at the time (AED 1,090). 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. 1003's AED 150,000 is in the lower 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 | |||||
|---|---|---|---|---|---|
| 1001 | 3-bed | 2,433 sqft | AED 8.94MAED 8,939,000 · Oct 2009October 2009 | 260,000 /yr | |
| 1002 | 4-bed | 3,498 sqft | AED 4.2MAED 4,200,000 · Nov 2018November 2018 | ||
| 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 |
1003, Balqis Residence 3 in numbers
- Sold twice: first on 31 August 2016 for AED 4,700,000, last on 15 September 2021 for AED 2,750,000 (AED 1,106 per sqft).
- Rented since March 2020 on 2 Ejari contracts, from AED 160,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2021 price is 5.5%, before a service charge of about AED 44,300 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 15 September 2021.
Questions about 1003, Balqis Residence 3
What did unit 1003 last sell for?
AED 2,750,000 on 15 September 2021: AED 1,106 per sqft for 2,485 sqft. The unit has 2 registered sales; the first was AED 4,700,000 in August 2016.
What is the rent for unit 1003?
AED 150,000 a year on the contract signed on 15 March 2021. The previous contract, from March 2020, was AED 160,000.
How big is unit 1003?
2,485 sqft (230.9 sqm): a three-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1003 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 1003, Balqis Residence 3
Starts from the last sale price (AED 2.75M, 15 September 2021). 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 →