408, 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 408, Balqis Residence 3
What is 408 worth today?
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Source: Dubai Land Department. Updated 27 December 2022.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,255 sqft
- Floor
- 4th of 11
- Parking
- B-406
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 22,400 /yr
- Last sold
- AED 2.27M · December 2022
- Building
- Balqis Residence 3
About 408, Balqis Residence 3
408 is a one-bedroom hotel apartment of 1,255 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 27 December 2022 for AED 2,269,759, or AED 1,808 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 408 over time
408 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 408 sits
All 23 1-beds →408 last sold in December 2022 at AED 1,808 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 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 | ||
| 402 | 3-bed | 1,462 sqft | AED 2.76MAED 2,760,080 · 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 | ||
| 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 |
408, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 27 December 2022 for AED 2,269,759, or AED 1,808 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 408, Balqis Residence 3
What did unit 408 last sell for?
AED 2,269,759 on 27 December 2022, sold by the developer: AED 1,808 per sqft for 1,255 sqft. It is the only registered sale of the unit.
How big is unit 408?
1,255 sqft (116.6 sqm): a one-bedroom hotel apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 408 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.
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Mortgage on 408, Balqis Residence 3
Starts from the last sale price (AED 2.27M, 27 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,269,759
- Deposit, UAE resident (20%)
- AED 453,952
- Deposit, non-resident (40%)
- AED 907,904
- Monthly over 25 years at 3.7%
- AED 9,286
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →