701, Balqis Residence 3
Sold prices and rental history: sold twice, last in December 2023, 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 701, Balqis Residence 3
What is 701 worth today?
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Source: Dubai Land Department. Updated 6 December 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,437 sqft
- Floor
- 7th of 11
- Parking
- B-340, B-341
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 43,400 /yr
- Last sold
- AED 5.8M · December 2023
- Building
- Balqis Residence 3
About 701, Balqis Residence 3
701 is a three-bedroom apartment of 2,437 sqft on the 7th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 6 December 2023 for AED 5,800,000, or AED 2,380 per sqft, 27% above the AED 1,870 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 701 over time
701 has sold twice; 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 701 sits
All 36 3-beds →701 last sold in December 2023 at AED 2,380 per sqft, 27% above what three-beds in Balqis Residence 3 were fetching at the time (AED 1,870). 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.
| 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 7th floor
All 144 units in Balqis Residence 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 4-bed | 3,489 sqft | AED 6.43MAED 6,431,000 · Oct 2023October 2023 | 251,275 /yr | |
| 703 | 3-bed | 2,481 sqft | AED 4.4MAED 4,400,000 · Apr 2024April 2024 | 430,000 /yr | |
| 704 | 2-bed | 1,909 sqft | AED 3.45MAED 3,450,000 · Mar 2023March 2023 | 300,000 /yr | |
| 705 | 3-bed | 1,745 sqft | AED 6.4MAED 6,400,000 · Aug 2009August 2009 | 230,000 /yr | |
| 706 | 5-bed | 3,490 sqft | AED 6.61MAED 6,605,000 · Aug 2009August 2009 | ||
| 707 | 2-bed | 1,877 sqft | AED 1.5MAED 1,500,000 · May 2020May 2020 | ||
| 708 | 2-bed | 2,043 sqft | AED 4.48MAED 4,480,000 · Aug 2009August 2009 | 230,000 /yr |
701, Balqis Residence 3 in numbers
- Sold twice: first on 28 February 2019 for AED 4,500,000, last on 6 December 2023 for AED 5,800,000 (AED 2,380 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 6 December 2023.
Questions about 701, Balqis Residence 3
What did unit 701 last sell for?
AED 5,800,000 on 6 December 2023: AED 2,380 per sqft for 2,437 sqft. The unit has 2 registered sales; the first was AED 4,500,000 in February 2019.
How big is unit 701?
2,437 sqft (226.4 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 701 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 701, Balqis Residence 3
Starts from the last sale price (AED 5.8M, 6 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 5,800,000
- Deposit, UAE resident (20%)
- AED 1,160,000
- Deposit, non-resident (40%)
- AED 2,320,000
- Monthly over 25 years at 3.7%
- AED 23,730
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →