218, 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.
Property timeline for 218, Balqis Residence 3
What is 218 worth today?
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Source: Dubai Land Department. Updated 27 December 2022.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,614 sqft
- Floor
- 2nd of 11
- Parking
- G-93
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 28,700 /yr
- Last sold
- AED 2.92M · December 2022
- Building
- Balqis Residence 3
About 218, Balqis Residence 3
218 is a two-bedroom hotel apartment of 1,614 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 2,917,475, or AED 1,807 per sqft, 22% above the AED 1,477 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 218 over time
218 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 218 sits
All 29 2-beds →218 last sold in December 2022 at AED 1,807 per sqft, 22% above what two-beds in Balqis Residence 3 were fetching at the time (AED 1,477). 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.
| 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 2nd floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | Studio | 674 sqft | AED 1.23MAED 1,228,737 · Jan 2023January 2023 | ||
| 202 | 3-bed | 1,466 sqft | AED 2.76MAED 2,759,055 · Jan 2023January 2023 | ||
| 203 | 2-bed | 1,449 sqft | AED 2.71MAED 2,709,703 · Jan 2023January 2023 | ||
| 204 | Studio | 789 sqft | AED 1.43MAED 1,433,872 · Jan 2023January 2023 | ||
| 205 | 1-bed | 1,469 sqft | AED 2.63MAED 2,632,283 · Jan 2023January 2023 | ||
| 206 | Studio | 796 sqft | AED 1.45MAED 1,445,740 · Jan 2023January 2023 | ||
| 207 | 3-bed | 2,057 sqft | AED 3.78MAED 3,782,470 · Jan 2023January 2023 | ||
| 208 | 1-bed | 1,533 sqft | AED 2.77MAED 2,766,401 · Jan 2023January 2023 | ||
| 209 | Studio | 664 sqft | AED 1.19MAED 1,187,296 · Jan 2023January 2023 | ||
| 210 | Studio | 693 sqft | AED 1.26MAED 1,260,384 · Jan 2023January 2023 | ||
| 211 | 3-bed | 1,821 sqft | AED 3.3MAED 3,304,386 · Jan 2023January 2023 | ||
| 212 | 3-bed | 1,720 sqft | AED 3.25MAED 3,250,702 · Jan 2023January 2023 | ||
| 213 | Studio | 795 sqft | AED 1.42MAED 1,418,049 · Dec 2022December 2022 | ||
| 214 | 1-bed | 1,127 sqft | AED 2.02MAED 2,017,631 · Dec 2022December 2022 | ||
| 215 | 1-bed | 1,291 sqft | AED 2.34MAED 2,338,991 · Dec 2022December 2022 | ||
| 216 | Studio | 684 sqft | AED 1.2MAED 1,204,249 · Dec 2022December 2022 | ||
| 217 | Studio | 785 sqft | AED 1.39MAED 1,394,879 · Dec 2022December 2022 |
218, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 27 December 2022 for AED 2,917,475, or AED 1,807 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 27 December 2022.
Questions about 218, Balqis Residence 3
What did unit 218 last sell for?
AED 2,917,475 on 27 December 2022, sold by the developer: AED 1,807 per sqft for 1,614 sqft. It is the only registered sale of the unit.
How big is unit 218?
1,614 sqft (149.9 sqm): a two-bedroom hotel apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 218 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 218, Balqis Residence 3
Starts from the last sale price (AED 2.92M, 27 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,917,475
- Deposit, UAE resident (20%)
- AED 583,495
- Deposit, non-resident (40%)
- AED 1,166,990
- Monthly over 25 years at 3.7%
- AED 11,936
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →