Studio · 685 sqftBalqis Residence 3, Palm Jumeirah · 5th floor · completed 2019

516, Balqis Residence 3

Sold prices and rental history: sold once, by the developer in March 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 516

Unit 516 · DLD and Ejari recordsUpdated 6 March 2013

Last soldAED 1.38M6 March 2013

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 516

Property timeline for 516, Balqis Residence 3

Today

What is 516 worth today?

Last sold for AED 1,380,000 in 2013

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

6 Mar 2013

6 Mar 2013Sold by developerOff-plan

AED 1,380,000AED 2,015 per sqft

Source: Dubai Land Department. Updated 6 March 2013.

Key facts

Type: Studio hotel apartment
Size: 685 sqft
Floor: 5th of 11
Parking: B-362
Developer: Balqis Residence
Completed: 2019
Service charge: AED 12,200 /yr
Last sold: AED 1.38M · March 2013
Building: Balqis Residence 3

About 516, Balqis Residence 3

516 is a studio of 685 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 6 March 2013 for AED 1,380,000, or AED 2,015 per sqft, in line with the AED 1,994 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 516 over time

Sales

Unit 516, each saleTypical studio in Balqis Residence 3

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

Studios in Balqis Residence 3, and where 516 sits

All 44 studios →

Studios in Balqis Residence 3 · last 12 months2,100 /sqft Balqis Residence 3 · all types1,708 /sqft

516 last sold in March 2013 at AED 2,015 per sqft, in line with what studios in Balqis Residence 3 were fetching at the time (AED 1,994). 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 sales	Size	Price (AED)	Per sqft
14 Nov 202514 November 2025	703 sqft	1,780,000	2,532
14 Nov 202514 November 2025	659 sqft	1,098,982	1,667
6 Mar 20256 March 2025	792 sqft	1,100,000	1,389
21 Oct 202421 October 2024	703 sqft	1,250,000	1,778

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 5th floor

All 144 units in Balqis Residence 3


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
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
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

1–7 of 17

516, Balqis Residence 3 in numbers

Sold once: by Balqis Residence on 6 March 2013 for AED 1,380,000, or AED 2,015 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 6 March 2013.

Questions about 516, Balqis Residence 3

What did unit 516 last sell for?

AED 1,380,000 on 6 March 2013, sold by the developer: AED 2,015 per sqft for 685 sqft. It is the only registered sale of the unit.

How big is unit 516?

685 sqft (63.6 sqm): a studio on the 5th floor of a 11-storey tower completed in 2019.

What is unit 516 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.

Selling 516? 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.

How OpenOffers works

Mortgage on 516, Balqis Residence 3

Starts from the last sale price (AED 1.38M, 6 March 2013). Switch to today's estimate once you have unlocked it.

Price: AED 1,380,000
Deposit, UAE resident (20%): AED 276,000
Deposit, non-resident (40%): AED 552,000
Monthly over 25 years at 3.7%: AED 5,646

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