601, Balqis Residence 3
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 601, Balqis Residence 3
What is 601 worth today?
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Source: Dubai Land Department. Updated 15 August 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,498 sqft
- Floor
- 6th of 11
- Parking
- B-345
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 44,500 /yr
- Last sold
- AED 4.99M · August 2009
- Building
- Balqis Residence 3
About 601, Balqis Residence 3
601 is a three-bedroom apartment of 2,498 sqft on the 6th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 13 August 2009 for AED 4,990,000, or AED 1,997 per sqft, 27% below the AED 2,751 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 15 August 2026, is AED 320,000 a year: a gross yield of 6.4% on the 2009 price, before the service charge of about AED 44,500 a year.
Sales and rents for 601 over time
601 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Balqis Residence 3, and where 601 sits
All 36 3-beds →601 last sold in August 2009 at AED 1,997 per sqft, 27% below what three-beds in Balqis Residence 3 were fetching at the time (AED 2,751). Over the last 12 months three-beds sold for AED 6,180,000, around AED 2,540 per sqft, and rent for AED 60,000 to 430,000 a year. 601's AED 320,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Nov 202513 November 2025 | 2,433 sqft | 6,180,000 | 2,540 | ||
| 1 Jul 20241 July 2024 | 2,485 sqft | 4,862,000 | 1,956 | ||
| 3 Jun 20243 June 2024 | 1,945 sqft | 2,372,438 | 1,219 | ||
| 8 May 20248 May 2024 | 2,328 sqft | 5,800,000 | 2,491 |
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 6th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 602 | 4-bed | 3,509 sqft | AED 3.1MAED 3,100,000 · Mar 2021March 2021 | 370,000 /yr | |
| 603 | 3-bed | 2,495 sqft | AED 4.3MAED 4,300,000 · Nov 2022November 2022 | 155,000 /yr | |
| 604 | 2-bed | 1,908 sqft | AED 1.4MAED 1,400,000 · Jun 2022June 2022 | 100,000 /yr | |
| 605 | 3-bed | 2,328 sqft | AED 4.15MAED 4,150,000 · Mar 2023March 2023 | 400,000 /yr | |
| 606 | 5-bed | 3,583 sqft | AED 6.48MAED 6,480,000 · Aug 2009August 2009 | ||
| 607 | 2-bed | 2,047 sqft | AED 3.91MAED 3,910,000 · Aug 2009August 2009 | 210,000 /yr | |
| 608 | 2-bed | 2,147 sqft | AED 3.75MAED 3,754,844 · Oct 2026October 2026 | 350,000 /yr |
601, Balqis Residence 3 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 4,990,000, or AED 1,997 per sqft.
- Rented since May 2020 on 6 Ejari contracts, from AED 155,000 to AED 320,000 a year.
- At AED 320,000 a year the gross yield on the 2009 price is 6.4%, before a service charge of about AED 44,500 a year (AED 17.81 per sqft).
- Three-beds in Balqis Residence 3 sold for AED 6,180,000–6,180,000 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 15 August 2026.
Questions about 601, Balqis Residence 3
What did unit 601 last sell for?
AED 4,990,000 on 13 August 2009, sold by the developer: AED 1,997 per sqft for 2,498 sqft. It is the only registered sale of the unit.
What is the rent for unit 601?
AED 320,000 a year on the contract renewed on 15 August 2026. The previous contract, from February 2026, was AED 320,000; the unit has been rented since May 2020.
How big is unit 601?
2,498 sqft (232.1 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Balqis Residence 3 sold for AED 6,180,000 to 6,180,000 in the last 12 months, around AED 2,540 per sqft.
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Mortgage on 601, Balqis Residence 3
Starts from the last sale price (AED 4.99M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 4,990,000
- Deposit, UAE resident (20%)
- AED 998,000
- Deposit, non-resident (40%)
- AED 1,996,000
- Monthly over 25 years at 3.7%
- AED 20,416
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →