2-bed · 1,454 sqftBalqis Residence 3, Palm Jumeirah · 3rd floor · completed 2019

303, 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 303 · DLD and Ejari recordsUpdated 27 December 2022
Last soldAED 2.71M27 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Balqis Residence 3

What is 303 worth today?

Last sold for AED 2,708,256 in 2022

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27 Dec 2022Sold by developerReady
AED 2,708,256AED 1,862 per sqft

Source: Dubai Land Department. Updated 27 December 2022.

Key facts

Type
2-bed hotel apartment
Size
1,454 sqft
Floor
3rd of 11
Parking
G-92
Developer
Balqis Residence
Completed
2019
Service charge
AED 25,900 /yr
Last sold
AED 2.71M · December 2022

About 303, Balqis Residence 3

303 is a two-bedroom hotel apartment of 1,454 sqft on the 3rd 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 2,708,256, or AED 1,862 per sqft, 26% 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 303 over time

Sales
Unit 303, each saleTypical two-bed in Balqis Residence 3
2M4M2009201320172021Typical sale price by year: 2009 AED 4,330,000; 2020 AED 1,500,000; 2021 AED 1,785,000; 2022 AED 2,541,285; 2023 AED 2,890,292Sold by developer, December 2022: AED 2,708,256 (AED 1,862 per sqft)

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

Rents
Unit 303, each contractTypical two-bed in Balqis Residence 3
100K150K200K2020202220242026Typical rent by year: 2020 AED 115,000; 2021 AED 110,000; 2022 AED 130,750; 2023 AED 200,000; 2024 AED 210,000; 2025 AED 210,000; 2026 AED 215,000

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 303 sits

All 29 2-beds →

303 last sold in December 2022 at AED 1,862 per sqft, 26% 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 salesUnit no.Price (AED)Summary
20 Oct 20263,754,844
22 Sep 20263,111,726
20 Oct 20254,100,000
26 May 20254,100,000
2 2-bed 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 3rd floor

All 144 units in Balqis Residence 3
Value
301StudioAED 1.23M · Dec 2022
3023-bedAED 2.76M · Dec 2022
304StudioAED 1.41M · Jan 2023
3051-bedAED 2.59M · Dec 2022
306StudioAED 1.48M · Dec 2022
3073-bedAED 3.4M · Dec 2022
3081-bedAED 2.45M · Dec 2022
1–7 of 17

303, Balqis Residence 3 in numbers

  • Sold once: by Balqis Residence on 27 December 2022 for AED 2,708,256, or AED 1,862 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 303, Balqis Residence 3

What did unit 303 last sell for?

AED 2,708,256 on 27 December 2022, sold by the developer: AED 1,862 per sqft for 1,454 sqft. It is the only registered sale of the unit.

How big is unit 303?

1,454 sqft (135.1 sqm): a two-bedroom hotel apartment on the 3rd floor of a 11-storey tower completed in 2019.

What is unit 303 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 303, Balqis Residence 3

Starts from the last sale price (AED 2.71M, 27 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,708,256
Deposit, UAE resident (20%)
AED 541,651
Deposit, non-resident (40%)
AED 1,083,302
Monthly over 25 years at 3.7%
AED 11,080

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