Studio · 508 sqftBalqis Residence 3, Palm Jumeirah · 4th floor · completed 2019

413, Balqis Residence 3

Sold prices and rental history: sold once, by the developer in November 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 413 · DLD and Ejari recordsUpdated 4 November 2012
Last soldAED 1.65M4 November 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 413, Balqis Residence 3

What is 413 worth today?

Last sold for AED 1,650,000 in 2012

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4 Nov 2012Sold by developerOff-plan
AED 1,650,000AED 2,075 per sqft

Source: Dubai Land Department. Updated 4 November 2012.

Key facts

Type
Studio hotel apartment
Size
508 sqft
Floor
4th of 11
Parking
B-465
Developer
Balqis Residence
Completed
2019
Service charge
AED 9,000 /yr
Last sold
AED 1.65M · November 2012

About 413, Balqis Residence 3

413 is a studio of 508 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 November 2012 for AED 1,650,000, or AED 2,075 per sqft, 5% above the AED 1,973 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 413 over time

Sales
Unit 413, each saleTypical studio in Balqis Residence 3
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,387,000; 2013 AED 1,370,000; 2014 AED 1,680,000; 2020 AED 1,400,000; 2022 AED 1,278,467; 2023 AED 1,279,319; 2024 AED 1,239,364; 2025 AED 1,100,000Sold by developer, November 2012: AED 1,650,000 (AED 2,075 per sqft)

413 has sold once; the dashed line is the studio median of each year in the building.

Studios in Balqis Residence 3, and where 413 sits

All 44 studios →

413 last sold in November 2012 at AED 2,075 per sqft, 5% above what studios in Balqis Residence 3 were fetching at the time (AED 1,973). Over the last 12 months studios sold for AED 1,098,982 to 1,780,000, around AED 2,100 per sqft, and rent for AED 47,663 to 47,663 a year.

Recent studio salesUnit no.Price (AED)Summary
14 Nov 20251,780,000
14 Nov 20251,098,982
6 Mar 20251,100,000
21 Oct 20241,250,000
2 studio 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 4th floor

All 144 units in Balqis Residence 3
Value
401StudioAED 1.23M · Jan 2023
4023-bedAED 2.76M · Jan 2023
4032-bedAED 2.42M · Jan 2023
404StudioAED 1.42M · Jan 2023
4051-bedAED 2.92M · May 2012
406StudioAED 1.48M · Jan 2023
4073-bedAED 3.4M · Dec 2022
1–7 of 17

413, Balqis Residence 3 in numbers

  • Sold once: by Balqis Residence on 4 November 2012 for AED 1,650,000, or AED 2,075 per sqft.
  • Studios in Balqis Residence 3 sold for AED 1,098,982–1,780,000 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 November 2012.

Questions about 413, Balqis Residence 3

What did unit 413 last sell for?

AED 1,650,000 on 4 November 2012, sold by the developer: AED 2,075 per sqft for 508 sqft. It is the only registered sale of the unit.

How big is unit 413?

508 sqft (47.2 sqm): a studio on the 4th floor of a 11-storey tower completed in 2019.

What is unit 413 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Balqis Residence 3 sold for AED 1,098,982 to 1,780,000 in the last 12 months, around AED 2,100 per sqft.

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Mortgage on 413, Balqis Residence 3

Starts from the last sale price (AED 1.65M, 4 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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