518, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in May 2012, 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 518, Balqis Residence 3
What is 518 worth today?
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Source: Dubai Land Department. Updated 3 May 2012.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,421 sqft
- Floor
- 5th of 11
- Parking
- B-414
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 25,300 /yr
- Last sold
- AED 2.8M · May 2012
- Building
- Balqis Residence 3
About 518, Balqis Residence 3
518 is a two-bedroom hotel apartment of 1,421 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 3 May 2012 for AED 2,802,500, or AED 1,972 per sqft.
No rental contract for the unit is registered on Ejari.
Sales and rents for 518 over time
518 has sold once; 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 518 sits
All 29 2-beds →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 | ||
| 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 | ||
| 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, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 3 May 2012 for AED 2,802,500, or AED 1,972 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 3 May 2012.
Questions about 518, Balqis Residence 3
What did unit 518 last sell for?
AED 2,802,500 on 3 May 2012, sold by the developer: AED 1,972 per sqft for 1,421 sqft. It is the only registered sale of the unit.
How big is unit 518?
1,421 sqft (132.0 sqm): a two-bedroom hotel apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 518 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 518, Balqis Residence 3
Starts from the last sale price (AED 2.8M, 3 May 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,802,500
- Deposit, UAE resident (20%)
- AED 560,500
- Deposit, non-resident (40%)
- AED 1,121,000
- Monthly over 25 years at 3.7%
- AED 11,466
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →