2-bed · 1,909 sqftBalqis Residence 3, Palm Jumeirah · 9th floor · completed 2019

904, Balqis Residence 3

Sold prices and rental history: sold twice, last in February 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 904 · DLD and Ejari recordsUpdated 24 February 2022
Last soldAED 2.45M24 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 904, Balqis Residence 3

What is 904 worth today?

Last sold for AED 2,450,000 in 2022

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24 Feb 2022SoldReady
AED 2,450,000AED 1,283 per sqft
21 Sep 2014Sold by developerOff-plan
AED 3,437,750AED 1,800 per sqft

Source: Dubai Land Department. Updated 24 February 2022.

Key facts

Type
2-bed apartment
Size
1,909 sqft
Floor
9th of 11
Parking
B-386
Developer
Balqis Residence
Completed
2019
Service charge
AED 34,000 /yr
Last sold
AED 2.45M · February 2022

About 904, Balqis Residence 3

904 is a two-bedroom apartment of 1,909 sqft on the 9th floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 24 February 2022 for AED 2,450,000, or AED 1,283 per sqft, 22% above the AED 1,051 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 904 over time

Sales
Unit 904, each saleTypical two-bed in Balqis Residence 3
2M4M2009201320172021Typical sale price by year: 2009 AED 4,330,000; 2020 AED 1,500,000; 2021 AED 1,785,000; 2022 AED 2,541,285; 2023 AED 2,890,292Sold by developer, September 2014: AED 3,437,750 (AED 1,800 per sqft)Sold, February 2022: AED 2,450,000 (AED 1,283 per sqft)

904 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 904, each contractTypical two-bed in Balqis Residence 3
100K150K200K2020202220242026Typical rent by year: 2020 AED 115,000; 2021 AED 110,000; 2022 AED 130,750; 2023 AED 200,000; 2024 AED 210,000; 2025 AED 210,000; 2026 AED 215,000

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 904 sits

All 29 2-beds →

904 last sold in February 2022 at AED 1,283 per sqft, 22% above what two-beds in Balqis Residence 3 were fetching at the time (AED 1,051). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20263,754,844
22 Sep 20263,111,726
20 Oct 20254,100,000
26 May 20254,100,000
2 2-bed sales in the last 12 months

Balqis Residence 3

Building

144 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%
Balqis Residence 3, Palm Jumeirah: prices, sales and rents →

Other units on the 9th floor

All 144 units in Balqis Residence 3
Value
9013-bedAED 3.09M · Jun 2022
9024-bedAED 4.82M · Mar 2011
9033-bedAED 6.9M · Aug 2009
9053-bedAED 5.8M · May 2024
9065-bedAED 9.5M · Aug 2009
9072-bedAED 4.58M · Aug 2009
9082-bedAED 4M · Mar 2023

904, Balqis Residence 3 in numbers

  • Sold twice: first on 21 September 2014 for AED 3,437,750, last on 24 February 2022 for AED 2,450,000 (AED 1,283 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 24 February 2022.

Questions about 904, Balqis Residence 3

What did unit 904 last sell for?

AED 2,450,000 on 24 February 2022: AED 1,283 per sqft for 1,909 sqft. The unit has 2 registered sales; the first was AED 3,437,750 in September 2014.

How big is unit 904?

1,909 sqft (177.4 sqm): a two-bedroom apartment on the 9th floor of a 11-storey tower completed in 2019.

What is unit 904 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 904, Balqis Residence 3

Starts from the last sale price (AED 2.45M, 24 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →