503, Balqis Residence 3
Sold prices and rental history: sold twice, last 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 503, Balqis Residence 3
What is 503 worth today?
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Source: Dubai Land Department. Updated 30 January 2023.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,145 sqft
- Floor
- 5th of 11
- Parking
- B-264
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 20,400 /yr
- Last sold
- AED 2.23M · January 2023
- Building
- Balqis Residence 3
About 503, Balqis Residence 3
503 is a two-bedroom hotel apartment of 1,145 sqft on the 5th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 30 January 2023 for AED 2,229,500, or AED 1,947 per sqft, 10% above the AED 1,765 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 503 over time
503 has sold twice; the dashed line is the two-bed median of each year in the building.
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 503 sits
All 29 2-beds →503 last sold in January 2023 at AED 1,947 per sqft, 10% above what two-beds in Balqis Residence 3 were fetching at the time (AED 1,765). 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 sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 2,147 sqft | 3,754,844 | 1,748 | ||
| 22 Sep 202622 September 2026 | 2,070 sqft | 3,111,726 | 1,503 | ||
| 20 Oct 202520 October 2025 | 1,909 sqft | 4,100,000 | 2,147 | ||
| 26 May 202526 May 2025 | 1,958 sqft | 4,100,000 | 2,094 |
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 5th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 678 sqft | AED 1.4MAED 1,398,000 · Mar 2013March 2013 | ||
| 502 | 3-bed | 1,463 sqft | AED 2.81MAED 2,810,500 · Jan 2023January 2023 | ||
| 504 | Studio | 788 sqft | AED 1.3MAED 1,295,000 · Apr 2013April 2013 | ||
| 505 | 1-bed | 1,439 sqft | AED 2.52MAED 2,516,500 · Jan 2023January 2023 | ||
| 506 | Studio | 802 sqft | AED 1.35MAED 1,350,000 · Mar 2013March 2013 | ||
| 507 | 3-bed | 1,861 sqft | AED 3.47MAED 3,473,750 · Jan 2023January 2023 | ||
| 508 | 1-bed | 1,260 sqft | AED 2.1MAED 2,101,018 · Nov 2025November 2025 | ||
| 509 | Studio | 659 sqft | AED 1.1MAED 1,098,982 · Nov 2025November 2025 | ||
| 510 | Studio | 703 sqft | AED 1.78MAED 1,780,000 · Nov 2025November 2025 | ||
| 511 | 3-bed | 1,618 sqft | AED 3.02MAED 3,020,500 · Jan 2023January 2023 | ||
| 512 | 3-bed | 1,555 sqft | AED 3.83MAED 3,830,000 · Mar 2013March 2013 | ||
| 513 | Studio | 796 sqft | AED 1.36MAED 1,360,000 · Apr 2013April 2013 | ||
| 514 | 1-bed | 1,105 sqft | AED 1.75MAED 1,750,000 · May 2012May 2012 | ||
| 515 | 1-bed | 1,035 sqft | AED 1.91MAED 1,906,000 · May 2012May 2012 | ||
| 516 | Studio | 685 sqft | AED 1.38MAED 1,380,000 · Mar 2013March 2013 | ||
| 517 | Studio | 795 sqft | AED 1.4MAED 1,400,000 · Apr 2013April 2013 | ||
| 518 | 2-bed | 1,421 sqft | AED 2.8MAED 2,802,500 · May 2012May 2012 |
503, Balqis Residence 3 in numbers
- Sold twice: first on 23 December 2013 for AED 3,190,000, last on 30 January 2023 for AED 2,229,500 (AED 1,947 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 30 January 2023.
Questions about 503, Balqis Residence 3
What did unit 503 last sell for?
AED 2,229,500 on 30 January 2023: AED 1,947 per sqft for 1,145 sqft. The unit has 2 registered sales; the first was AED 3,190,000 in December 2013.
How big is unit 503?
1,145 sqft (106.4 sqm): a two-bedroom hotel apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 503 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 503, Balqis Residence 3
Starts from the last sale price (AED 2.23M, 30 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,229,500
- Deposit, UAE resident (20%)
- AED 445,900
- Deposit, non-resident (40%)
- AED 891,800
- Monthly over 25 years at 3.7%
- AED 9,122
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →