402, 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.
Property timeline for 402, Balqis Residence 3
What is 402 worth today?
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Source: Dubai Land Department. Updated 4 January 2023.
Key facts
- Type
- 3-bed hotel apartment
- Size
- 1,462 sqft
- Floor
- 4th of 11
- Parking
- B-85, B-86
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 26,000 /yr
- Last sold
- AED 2.76M · January 2023
- Building
- Balqis Residence 3
About 402, Balqis Residence 3
402 is a three-bedroom hotel apartment of 1,462 sqft on the 4th 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 2,760,080, or AED 1,888 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 402 over time
402 has sold once; the dashed line is the three-bed median of each year in the building.
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 402 sits
All 36 3-beds →402 last sold in January 2023 at AED 1,888 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 sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Nov 202513 November 2025 | 2,433 sqft | 6,180,000 | 2,540 | ||
| 1 Jul 20241 July 2024 | 2,485 sqft | 4,862,000 | 1,956 | ||
| 3 Jun 20243 June 2024 | 1,945 sqft | 2,372,438 | 1,219 | ||
| 8 May 20248 May 2024 | 2,328 sqft | 5,800,000 | 2,491 |
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 4th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 677 sqft | AED 1.23MAED 1,229,194 · Jan 2023January 2023 | ||
| 403 | 2-bed | 1,284 sqft | AED 2.42MAED 2,415,235 · Jan 2023January 2023 | ||
| 404 | Studio | 790 sqft | AED 1.42MAED 1,420,272 · Jan 2023January 2023 | ||
| 405 | 1-bed | 1,444 sqft | AED 2.92MAED 2,915,200 · May 2012May 2012 | ||
| 406 | Studio | 796 sqft | AED 1.48MAED 1,483,588 · Jan 2023January 2023 | ||
| 407 | 3-bed | 1,863 sqft | AED 3.4MAED 3,402,095 · Dec 2022December 2022 | ||
| 408 | 1-bed | 1,255 sqft | AED 2.27MAED 2,269,759 · Dec 2022December 2022 | ||
| 409 | Studio | 663 sqft | AED 1.19MAED 1,187,737 · Dec 2022December 2022 | ||
| 410 | Studio | 703 sqft | AED 1.28MAED 1,279,319 · Jan 2023January 2023 | ||
| 411 | 3-bed | 1,750 sqft | AED 3.18MAED 3,183,316 · Dec 2022December 2022 | ||
| 412 | 3-bed | 1,028 sqft | AED 3.14MAED 3,140,000 · Nov 2012November 2012 | ||
| 413 | Studio | 508 sqft | AED 1.65MAED 1,650,000 · Nov 2012November 2012 | ||
| 414 | 1-bed | 719 sqft | AED 2.71MAED 2,710,000 · Nov 2012November 2012 | ||
| 415 | 1-bed | 1,027 sqft | AED 1.86MAED 1,859,714 · Dec 2022December 2022 | ||
| 416 | Studio | 684 sqft | AED 1.21MAED 1,208,654 · Jan 2023January 2023 | ||
| 417 | Studio | 796 sqft | AED 1.42MAED 1,422,156 · Dec 2022December 2022 | ||
| 418 | 2-bed | 1,421 sqft | AED 2.58MAED 2,582,570 · Dec 2022December 2022 |
402, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 4 January 2023 for AED 2,760,080, or AED 1,888 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 402, Balqis Residence 3
What did unit 402 last sell for?
AED 2,760,080 on 4 January 2023, sold by the developer: AED 1,888 per sqft for 1,462 sqft. It is the only registered sale of the unit.
How big is unit 402?
1,462 sqft (135.8 sqm): a three-bedroom hotel apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 402 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 402, Balqis Residence 3
Starts from the last sale price (AED 2.76M, 4 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,760,080
- Deposit, UAE resident (20%)
- AED 552,016
- Deposit, non-resident (40%)
- AED 1,104,032
- Monthly over 25 years at 3.7%
- AED 11,292
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →