Studio · 737 sqftBalqis Residence 3, Palm Jumeirah · Ground floor · completed 2019

G01, Balqis Residence 3

Sold prices and rental history: sold 3 times, last in February 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G01 · DLD and Ejari recordsUpdated 13 February 2023
Last soldAED 1.1M13 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G01, Balqis Residence 3

What is G01 worth today?

Last sold for AED 1,100,000 in 2023

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13 Feb 2023SoldReady
AED 1,100,000AED 1,491 per sqft
9 Jun 2016SoldOff-plan
AED 1,700,000AED 2,305 per sqft
7 Sep 2014Sold by developerOff-plan
AED 1,653,750AED 2,242 per sqft

Source: Dubai Land Department. Updated 13 February 2023.

Key facts

Type
Studio hotel apartment
Size
737 sqft
Floor
Ground of 11
Parking
B-62
Developer
Balqis Residence
Completed
2019
Service charge
AED 13,100 /yr
Last sold
AED 1.1M · February 2023

About G01, Balqis Residence 3

G01 is a studio of 737 sqft on the ground floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 13 February 2023 for AED 1,100,000, or AED 1,491 per sqft, 17% below the AED 1,790 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for G01 over time

Sales
Unit G01, each saleTypical studio in Balqis Residence 3
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,387,000; 2013 AED 1,370,000; 2014 AED 1,680,000; 2020 AED 1,400,000; 2022 AED 1,278,467; 2023 AED 1,279,319; 2024 AED 1,239,364; 2025 AED 1,100,000Sold by developer, September 2014: AED 1,653,750 (AED 2,242 per sqft)Sold, June 2016: AED 1,700,000 (AED 2,305 per sqft)Sold, February 2023: AED 1,100,000 (AED 1,491 per sqft)

G01 has sold 3 times; the dashed line is the studio median of each year in the building.

Studios in Balqis Residence 3, and where G01 sits

All 44 studios →

G01 last sold in February 2023 at AED 1,491 per sqft, 17% below what studios in Balqis Residence 3 were fetching at the time (AED 1,790). Over the last 12 months studios sold for AED 1,098,982 to 1,780,000, around AED 2,100 per sqft, and rent for AED 47,663 to 47,663 a year.

Recent studio salesUnit no.Price (AED)Summary
14 Nov 20251,780,000
14 Nov 20251,098,982
6 Mar 20251,100,000
21 Oct 20241,250,000
2 studio 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 ground floor

All 144 units in Balqis Residence 3
Value
G022-bedAED 2.32M · Dec 2022
G032-bedAED 3.11M · Sep 2026
G041-bedNo registered sale
G052-bedAED 2.4M · Dec 2022
G062-bedNo registered sale
G07StudioAED 1.76M · Sep 2014
G08StudioAED 1.4M · Jul 2020
1–7 of 11

G01, Balqis Residence 3 in numbers

  • Sold 3 times: first on 7 September 2014 for AED 1,653,750, last on 13 February 2023 for AED 1,100,000 (AED 1,491 per sqft).
  • Studios in Balqis Residence 3 sold for AED 1,098,982–1,780,000 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 13 February 2023.

Questions about G01, Balqis Residence 3

What did unit G01 last sell for?

AED 1,100,000 on 13 February 2023: AED 1,491 per sqft for 737 sqft. The unit has 3 registered sales; the first was AED 1,653,750 in September 2014.

How big is unit G01?

737 sqft (68.5 sqm): a studio on the ground floor of a 11-storey tower completed in 2019.

What is unit G01 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Balqis Residence 3 sold for AED 1,098,982 to 1,780,000 in the last 12 months, around AED 2,100 per sqft.

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Mortgage on G01, Balqis Residence 3

Starts from the last sale price (AED 1.1M, 13 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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