604, Balqis Residence 3
Sold prices and rental history: sold twice, last in June 2022, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 604, Balqis Residence 3
What is 604 worth today?
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Source: Dubai Land Department. Updated 17 June 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,908 sqft
- Floor
- 6th of 11
- Parking
- B-389
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,000 /yr
- Last sold
- AED 1.4M · June 2022
- Building
- Balqis Residence 3
About 604, Balqis Residence 3
604 is a two-bedroom apartment of 1,908 sqft on the 6th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 17 June 2022 for AED 1,400,000, or AED 733 per sqft, 43% below the AED 1,283 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 August 2020. The current contract, signed on 1 August 2020, is AED 100,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 34,000 a year.
Sales and rents for 604 over time
604 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 604 sits
All 29 2-beds →604 last sold in June 2022 at AED 733 per sqft, 43% below what two-beds in Balqis Residence 3 were fetching at the time (AED 1,283). 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. 604's AED 100,000 is at the bottom of that range.
| 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 6th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 2,498 sqft | AED 4.99MAED 4,990,000 · Aug 2009August 2009 | 320,000 /yr | |
| 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 | |
| 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 |
604, Balqis Residence 3 in numbers
- Sold twice: first on 13 August 2009 for AED 4,230,000, last on 17 June 2022 for AED 1,400,000 (AED 733 per sqft).
- Rented since August 2020 on one Ejari contract, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2022 price is 7.1%, before a service charge of about AED 34,000 a year (AED 17.81 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 17 June 2022.
Questions about 604, Balqis Residence 3
What did unit 604 last sell for?
AED 1,400,000 on 17 June 2022: AED 733 per sqft for 1,908 sqft. The unit has 2 registered sales; the first was AED 4,230,000 in August 2009.
What is the rent for unit 604?
AED 100,000 a year on the contract signed on 1 August 2020.
How big is unit 604?
1,908 sqft (177.3 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 604 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 604, Balqis Residence 3
Starts from the last sale price (AED 1.4M, 17 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,400,000
- Deposit, UAE resident (20%)
- AED 280,000
- Deposit, non-resident (40%)
- AED 560,000
- Monthly over 25 years at 3.7%
- AED 5,728
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →