308, 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 308, Balqis Residence 3
What is 308 worth today?
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Source: Dubai Land Department. Updated 27 December 2022.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,351 sqft
- Floor
- 3rd of 11
- Parking
- B-403
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 24,100 /yr
- Last sold
- AED 2.45M · December 2022
- Building
- Balqis Residence 3
About 308, Balqis Residence 3
308 is a one-bedroom hotel apartment of 1,351 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 2,447,679, or AED 1,811 per sqft, in line with the AED 1,803 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 308 over time
308 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Balqis Residence 3, and where 308 sits
All 23 1-beds →308 last sold in December 2022 at AED 1,811 per sqft, in line with what one-beds in Balqis Residence 3 were fetching at the time (AED 1,803). Over the last 12 months one-beds sold for AED 2,101,018, around AED 1,667 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Nov 202517 November 2025 | 1,260 sqft | 2,101,018 | 1,667 | ||
| 3 Nov 20253 November 2025 | 1,045 sqft | 1,283,570 | 1,228 | ||
| 30 Apr 202530 April 2025 | 1,045 sqft | 1,834,385 | 1,755 | ||
| 8 Feb 20248 February 2024 | 1,301 sqft | 1,659,280 | 1,275 |
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 3rd floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | Studio | 677 sqft | AED 1.23MAED 1,228,956 · Dec 2022December 2022 | ||
| 302 | 3-bed | 1,462 sqft | AED 2.76MAED 2,760,775 · Dec 2022December 2022 | ||
| 303 | 2-bed | 1,454 sqft | AED 2.71MAED 2,708,256 · Dec 2022December 2022 | ||
| 304 | Studio | 801 sqft | AED 1.41MAED 1,411,024 · Jan 2023January 2023 | ||
| 305 | 1-bed | 1,450 sqft | AED 2.59MAED 2,590,962 · Dec 2022December 2022 | ||
| 306 | Studio | 795 sqft | AED 1.48MAED 1,482,801 · Dec 2022December 2022 | ||
| 307 | 3-bed | 1,862 sqft | AED 3.4MAED 3,398,948 · Dec 2022December 2022 | ||
| 309 | Studio | 663 sqft | AED 1.19MAED 1,187,296 · Dec 2022December 2022 | ||
| 310 | Studio | 703 sqft | AED 1.28MAED 1,278,467 · Dec 2022December 2022 | ||
| 311 | 3-bed | 1,807 sqft | AED 3.29MAED 3,286,680 · Dec 2022December 2022 | ||
| 312 | 3-bed | 1,628 sqft | AED 3.05MAED 3,047,882 · Dec 2022December 2022 | ||
| 313 | Studio | 795 sqft | AED 1.42MAED 1,418,049 · Dec 2022December 2022 | ||
| 314 | 1-bed | 1,125 sqft | AED 2.02MAED 2,022,529 · Dec 2022December 2022 | ||
| 315 | 1-bed | 1,031 sqft | AED 1.85MAED 1,846,968 · Dec 2022December 2022 | ||
| 316 | Studio | 682 sqft | AED 1.21MAED 1,210,089 · Dec 2022December 2022 | ||
| 317 | Studio | 797 sqft | AED 1.43MAED 1,432,177 · Dec 2022December 2022 | ||
| 318 | 2-bed | 1,599 sqft | AED 2.8MAED 2,802,500 · May 2012May 2012 |
308, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 27 December 2022 for AED 2,447,679, or AED 1,811 per sqft.
- One-beds in Balqis Residence 3 sold for AED 2,101,018–2,101,018 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 308, Balqis Residence 3
What did unit 308 last sell for?
AED 2,447,679 on 27 December 2022, sold by the developer: AED 1,811 per sqft for 1,351 sqft. It is the only registered sale of the unit.
How big is unit 308?
1,351 sqft (125.5 sqm): a one-bedroom hotel apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 308 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Balqis Residence 3 sold for AED 2,101,018 to 2,101,018 in the last 12 months, around AED 1,667 per sqft.
Selling 308? Put it on the OpenOffers board
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Mortgage on 308, Balqis Residence 3
Starts from the last sale price (AED 2.45M, 27 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,447,679
- Deposit, UAE resident (20%)
- AED 489,536
- Deposit, non-resident (40%)
- AED 979,072
- Monthly over 25 years at 3.7%
- AED 10,014
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →