3-bed · 1,720 sqftBalqis Residence 3, Palm Jumeirah · 2nd floor · completed 2019

212, Balqis Residence 3

Sold prices and rental history: sold once, by the developer in January 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 212 · DLD and Ejari recordsUpdated 4 January 2023
Last soldAED 3.25M4 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 212, Balqis Residence 3

What is 212 worth today?

Last sold for AED 3,250,702 in 2023

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4 Jan 2023Sold by developerReady
AED 3,250,702AED 1,889 per sqft

Source: Dubai Land Department. Updated 4 January 2023.

Key facts

Type
3-bed hotel apartment
Size
1,720 sqft
Floor
2nd of 11
Parking
B-375, B-180
Developer
Balqis Residence
Completed
2019
Service charge
AED 30,600 /yr
Last sold
AED 3.25M · January 2023

About 212, Balqis Residence 3

212 is a three-bedroom hotel apartment of 1,720 sqft on the 2nd floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 4 January 2023 for AED 3,250,702, or AED 1,889 per sqft, 3% above the AED 1,832 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 212 over time

Sales
Unit 212, each saleTypical three-bed in Balqis Residence 3
2M4M6M20092013201720212025Typical sale price by year: 2009 AED 6,650,000; 2013 AED 4,115,000; 2016 AED 4,600,000; 2021 AED 2,625,000; 2022 AED 3,263,828; 2023 AED 3,277,544; 2024 AED 4,400,000Sold by developer, January 2023: AED 3,250,702 (AED 1,889 per sqft)

212 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 212, each contractTypical three-bed in Balqis Residence 3
200K300K2020202220242026Typical rent by year: 2020 AED 160,000; 2021 AED 150,000; 2022 AED 168,000; 2023 AED 282,500; 2024 AED 304,500; 2025 AED 325,000; 2026 AED 264,000

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 212 sits

All 36 3-beds →

212 last sold in January 2023 at AED 1,889 per sqft, 3% above what three-beds in Balqis Residence 3 were fetching at the time (AED 1,832). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
13 Nov 20256,180,000
1 Jul 20244,862,000
3 Jun 20242,372,438
8 May 20245,800,000
1 3-bed sale in the last 12 months

Balqis Residence 3

Building

144 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%
Balqis Residence 3, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 144 units in Balqis Residence 3
Value
201StudioAED 1.23M · Jan 2023
2023-bedAED 2.76M · Jan 2023
2032-bedAED 2.71M · Jan 2023
204StudioAED 1.43M · Jan 2023
2051-bedAED 2.63M · Jan 2023
206StudioAED 1.45M · Jan 2023
2073-bedAED 3.78M · Jan 2023
1–7 of 17

212, Balqis Residence 3 in numbers

  • Sold once: by Balqis Residence on 4 January 2023 for AED 3,250,702, or AED 1,889 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 4 January 2023.

Questions about 212, Balqis Residence 3

What did unit 212 last sell for?

AED 3,250,702 on 4 January 2023, sold by the developer: AED 1,889 per sqft for 1,720 sqft. It is the only registered sale of the unit.

How big is unit 212?

1,720 sqft (159.8 sqm): a three-bedroom hotel apartment on the 2nd floor of a 11-storey tower completed in 2019.

What is unit 212 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 212, Balqis Residence 3

Starts from the last sale price (AED 3.25M, 4 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,250,702
Deposit, UAE resident (20%)
AED 650,140
Deposit, non-resident (40%)
AED 1,300,281
Monthly over 25 years at 3.7%
AED 13,300

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →