605, Balqis Residence 3
Sold prices and rental history: sold 3 times, last in March 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 605, Balqis Residence 3
What is 605 worth today?
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Source: Dubai Land Department. Updated 10 April 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,328 sqft
- Floor
- 6th of 11
- Parking
- B-347 , B-348
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 41,500 /yr
- Last sold
- AED 4.15M · March 2023
- Building
- Balqis Residence 3
About 605, Balqis Residence 3
605 is a three-bedroom apartment of 2,328 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 10 March 2023 for AED 4,150,000, or AED 1,782 per sqft, in line with the AED 1,825 three-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 10 April 2023, is AED 400,000 a year: a gross yield of 9.6% on the 2023 price, before the service charge of about AED 41,500 a year.
Sales and rents for 605 over time
605 has sold 3 times; 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 605 sits
All 36 3-beds →605 last sold in March 2023 at AED 1,782 per sqft, in line with what three-beds in Balqis Residence 3 were fetching at the time (AED 1,825). 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. 605's AED 400,000 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 604 | 2-bed | 1,908 sqft | AED 1.4MAED 1,400,000 · Jun 2022June 2022 | 100,000 /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 |
605, Balqis Residence 3 in numbers
- Sold 3 times: first on 2 March 2021 for AED 2,400,000, last on 10 March 2023 for AED 4,150,000 (AED 1,782 per sqft).
- Rented since May 2021 on 3 Ejari contracts, from AED 170,000 to AED 400,000 a year.
- At AED 400,000 a year the gross yield on the 2023 price is 9.6%, before a service charge of about AED 41,500 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 10 April 2023.
Questions about 605, Balqis Residence 3
What did unit 605 last sell for?
AED 4,150,000 on 10 March 2023: AED 1,782 per sqft for 2,328 sqft. The unit has 3 registered sales; the first was AED 2,400,000 in March 2021.
What is the rent for unit 605?
AED 400,000 a year on the contract signed on 10 April 2023. The previous contract, from May 2022, was AED 189,999; the unit has been rented since May 2021.
How big is unit 605?
2,328 sqft (216.3 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 605 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 605, Balqis Residence 3
Starts from the last sale price (AED 4.15M, 10 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,150,000
- Deposit, UAE resident (20%)
- AED 830,000
- Deposit, non-resident (40%)
- AED 1,660,000
- Monthly over 25 years at 3.7%
- AED 16,979
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →