1008, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Balqis Residence 3
What is 1008 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,957 sqft
- Floor
- 10th of 11
- Parking
- B-144, B-150
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,900 /yr
- Last sold
- AED 3.85M · June 2015
- Building
- Balqis Residence 3
About 1008, Balqis Residence 3
1008 is a two-bedroom apartment of 1,957 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 16 June 2015 for AED 3,850,000, or AED 1,967 per sqft.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 1 November 2026, is AED 213,000 a year: a gross yield of 5.5% on the 2015 price, before the service charge of about AED 34,900 a year.
Sales and rents for 1008 over time
1008 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Balqis Residence 3, and where 1008 sits
All 29 2-beds →Over the last 12 months two-beds sold for AED 3,111,726 to 3,754,844, around AED 1,626 per sqft, and rent for AED 165,000 to 300,000 a year. 1008's AED 213,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 2,147 sqft | 3,754,844 | 1,748 | ||
| 22 Sep 202622 September 2026 | 2,070 sqft | 3,111,726 | 1,503 | ||
| 20 Oct 202520 October 2025 | 1,909 sqft | 4,100,000 | 2,147 | ||
| 26 May 202526 May 2025 | 1,958 sqft | 4,100,000 | 2,094 |
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 | ||
| 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, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 16 June 2015 for AED 3,850,000, or AED 1,967 per sqft.
- Rented since April 2020 on 6 Ejari contracts, from AED 125,000 to AED 213,000 a year.
- At AED 213,000 a year the gross yield on the 2015 price is 5.5%, before a service charge of about AED 34,900 a year (AED 17.81 per sqft).
- Two-beds in Balqis Residence 3 sold for AED 3,111,726–3,754,844 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 November 2026.
Questions about 1008, Balqis Residence 3
What did unit 1008 last sell for?
AED 3,850,000 on 16 June 2015, sold by the developer: AED 1,967 per sqft for 1,957 sqft. It is the only registered sale of the unit.
What is the rent for unit 1008?
AED 213,000 a year on the contract renewed on 1 November 2026. The previous contract, from November 2025, was AED 213,000; the unit has been rented since April 2020.
How big is unit 1008?
1,957 sqft (181.8 sqm): a two-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1008 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Balqis Residence 3 sold for AED 3,111,726 to 3,754,844 in the last 12 months, around AED 1,626 per sqft.
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Mortgage on 1008, Balqis Residence 3
Starts from the last sale price (AED 3.85M, 16 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 3,850,000
- Deposit, UAE resident (20%)
- AED 770,000
- Deposit, non-resident (40%)
- AED 1,540,000
- Monthly over 25 years at 3.7%
- AED 15,752
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →