702, Balqis Residence 3
Sold prices and rental history: sold twice, last in October 2023, 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 702, Balqis Residence 3
What is 702 worth today?
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Source: Dubai Land Department. Updated 31 October 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 3,489 sqft
- Floor
- 7th of 11
- Parking
- B-370, B-371
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 62,100 /yr
- Last sold
- AED 6.43M · October 2023
- Building
- Balqis Residence 3
About 702, Balqis Residence 3
702 is a four-bedroom apartment of 3,489 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 31 October 2023 for AED 6,431,000, or AED 1,843 per sqft.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 20 November 2022, is AED 251,275 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 62,100 a year.
4-beds in Balqis Residence 3, and where 702 sits
All 5 4-beds →| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Dec 202319 December 2023 | 3,493 sqft | 10,650,000 | 3,048 | ||
| 9 Mar 20219 March 2021 | 3,509 sqft | 3,100,000 | 883 | ||
| 19 Nov 201819 November 2018 | 3,498 sqft | 4,200,000 | 1,200 | ||
| 24 Dec 201324 December 2013 | 3,493 sqft | 5,750,000 | 1,646 |
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 | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 2,437 sqft | AED 5.8MAED 5,800,000 · Dec 2023December 2023 | ||
| 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 |
702, Balqis Residence 3 in numbers
- Sold twice: first on 16 August 2009 for AED 6,200,000, last on 31 October 2023 for AED 6,431,000 (AED 1,843 per sqft).
- Rented since July 2020 on 4 Ejari contracts, from AED 180,000 to AED 251,275 a year.
- At AED 251,275 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 62,100 a year (AED 17.81 per sqft).
Source: Dubai Land Department. Updated 31 October 2023.
Questions about 702, Balqis Residence 3
What did unit 702 last sell for?
AED 6,431,000 on 31 October 2023: AED 1,843 per sqft for 3,489 sqft. The unit has 2 registered sales; the first was AED 6,200,000 in August 2009.
What is the rent for unit 702?
AED 251,275 a year on the contract renewed on 20 November 2022. The previous contract, from November 2021, was AED 218,500; the unit has been rented since July 2020.
How big is unit 702?
3,489 sqft (324.1 sqm): a four-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 702 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 702, Balqis Residence 3
Starts from the last sale price (AED 6.43M, 31 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 6,431,000
- Deposit, UAE resident (20%)
- AED 1,286,200
- Deposit, non-resident (40%)
- AED 2,572,400
- Monthly over 25 years at 3.7%
- AED 26,311
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →