505, 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 505, Balqis Residence 3
What is 505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 January 2023.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,439 sqft
- Floor
- 5th of 11
- Parking
- B-409
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 25,600 /yr
- Last sold
- AED 2.52M · January 2023
- Building
- Balqis Residence 3
About 505, Balqis Residence 3
505 is a one-bedroom hotel apartment of 1,439 sqft on the 5th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 5 January 2023 for AED 2,516,500, or AED 1,749 per sqft, in line with the AED 1,800 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 505 over time
505 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 505 sits
All 23 1-beds →505 last sold in January 2023 at AED 1,749 per sqft, in line with what one-beds in Balqis Residence 3 were fetching at the time (AED 1,800). 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 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 | ||
| 503 | 2-bed | 1,145 sqft | AED 2.23MAED 2,229,500 · Jan 2023January 2023 | ||
| 504 | Studio | 788 sqft | AED 1.3MAED 1,295,000 · Apr 2013April 2013 | ||
| 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 |
505, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 5 January 2023 for AED 2,516,500, or AED 1,749 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 5 January 2023.
Questions about 505, Balqis Residence 3
What did unit 505 last sell for?
AED 2,516,500 on 5 January 2023, sold by the developer: AED 1,749 per sqft for 1,439 sqft. It is the only registered sale of the unit.
How big is unit 505?
1,439 sqft (133.7 sqm): a one-bedroom hotel apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 505 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 505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 505, Balqis Residence 3
Starts from the last sale price (AED 2.52M, 5 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,516,500
- Deposit, UAE resident (20%)
- AED 503,300
- Deposit, non-resident (40%)
- AED 1,006,600
- Monthly over 25 years at 3.7%
- AED 10,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →