Studio · 785 sqftBalqis Residence 3, Palm Jumeirah · 2nd floor · completed 2019

217, Balqis Residence 3

Sold prices and rental history: sold once, by the developer in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 217 · DLD and Ejari recordsUpdated 27 December 2022
Last soldAED 1.39M27 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 217, Balqis Residence 3

What is 217 worth today?

Last sold for AED 1,394,879 in 2022

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27 Dec 2022Sold by developerReady
AED 1,394,879AED 1,776 per sqft

Source: Dubai Land Department. Updated 27 December 2022.

Key facts

Type
Studio hotel apartment
Size
785 sqft
Floor
2nd of 11
Parking
G-84
Developer
Balqis Residence
Completed
2019
Service charge
AED 14,000 /yr
Last sold
AED 1.39M · December 2022

About 217, Balqis Residence 3

217 is a studio of 785 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 27 December 2022 for AED 1,394,879, or AED 1,776 per sqft, in line with the AED 1,785 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 217 over time

Sales
Unit 217, each saleTypical studio in Balqis Residence 3
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,387,000; 2013 AED 1,370,000; 2014 AED 1,680,000; 2020 AED 1,400,000; 2022 AED 1,278,467; 2023 AED 1,279,319; 2024 AED 1,239,364; 2025 AED 1,100,000Sold by developer, December 2022: AED 1,394,879 (AED 1,776 per sqft)

217 has sold once; the dashed line is the studio median of each year in the building.

Studios in Balqis Residence 3, and where 217 sits

All 44 studios →

217 last sold in December 2022 at AED 1,776 per sqft, in line with what studios in Balqis Residence 3 were fetching at the time (AED 1,785). Over the last 12 months studios sold for AED 1,098,982 to 1,780,000, around AED 2,100 per sqft, and rent for AED 47,663 to 47,663 a year.

Recent studio salesUnit no.Price (AED)Summary
14 Nov 20251,780,000
14 Nov 20251,098,982
6 Mar 20251,100,000
21 Oct 20241,250,000
2 studio sales 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

217, Balqis Residence 3 in numbers

  • Sold once: by Balqis Residence on 27 December 2022 for AED 1,394,879, or AED 1,776 per sqft.
  • Studios in Balqis Residence 3 sold for AED 1,098,982–1,780,000 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 27 December 2022.

Questions about 217, Balqis Residence 3

What did unit 217 last sell for?

AED 1,394,879 on 27 December 2022, sold by the developer: AED 1,776 per sqft for 785 sqft. It is the only registered sale of the unit.

How big is unit 217?

785 sqft (72.9 sqm): a studio on the 2nd floor of a 11-storey tower completed in 2019.

What is unit 217 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Balqis Residence 3 sold for AED 1,098,982 to 1,780,000 in the last 12 months, around AED 2,100 per sqft.

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Mortgage on 217, Balqis Residence 3

Starts from the last sale price (AED 1.39M, 27 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,394,879
Deposit, UAE resident (20%)
AED 278,976
Deposit, non-resident (40%)
AED 557,952
Monthly over 25 years at 3.7%
AED 5,707

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