704, Balqis Residence 3
Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Balqis Residence 3
What is 704 worth today?
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Source: Dubai Land Department. Updated 23 February 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,909 sqft
- Floor
- 7th of 11
- Parking
- B-338
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,000 /yr
- Last sold
- AED 3.45M · March 2023
- Building
- Balqis Residence 3
About 704, Balqis Residence 3
704 is a two-bedroom apartment of 1,909 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 20 March 2023 for AED 3,450,000, or AED 1,807 per sqft, in line with the AED 1,807 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 23 February 2026, is AED 300,000 a year: a gross yield of 8.7% on the 2023 price, before the service charge of about AED 34,000 a year.
Sales and rents for 704 over time
704 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 704 sits
All 29 2-beds →704 last sold in March 2023 at AED 1,807 per sqft, in line with what two-beds in Balqis Residence 3 were fetching at the time (AED 1,807). 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. 704's AED 300,000 is at the top 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 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 | ||
| 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 | |
| 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 |
704, Balqis Residence 3 in numbers
- Sold twice: first on 13 August 2009 for AED 4,280,000, last on 20 March 2023 for AED 3,450,000 (AED 1,807 per sqft).
- Rented since February 2022 on 5 Ejari contracts. The rent fell from AED 180,000 to AED 71,845 in 2025 and recovered to AED 300,000 by February 2026.
- At AED 300,000 a year the gross yield on the 2023 price is 8.7%, 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 23 February 2026.
Questions about 704, Balqis Residence 3
What did unit 704 last sell for?
AED 3,450,000 on 20 March 2023: AED 1,807 per sqft for 1,909 sqft. The unit has 2 registered sales; the first was AED 4,280,000 in August 2009.
What is the rent for unit 704?
AED 300,000 a year on the contract signed on 23 February 2026. The previous contract, from September 2025, was AED 71,845; the unit has been rented since February 2022.
How big is unit 704?
1,909 sqft (177.4 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 704 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 704, Balqis Residence 3
Starts from the last sale price (AED 3.45M, 20 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,450,000
- Deposit, UAE resident (20%)
- AED 690,000
- Deposit, non-resident (40%)
- AED 1,380,000
- Monthly over 25 years at 3.7%
- AED 14,115
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →