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2-bed · 1,891 sqftBalqis Residence 3, Palm Jumeirah · Ground floor · completed 2019

G02, Balqis Residence 3

Sold prices and rental history: sold once, by the developer in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G02 · DLD and Ejari recordsUpdated 7 December 2022
Last soldAED 2.32M7 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G02, Balqis Residence 3

What is G02 worth today?

Last sold for AED 2,322,746 in 2022

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7 Dec 2022Sold by developerReady
AED 2,322,746AED 1,228 per sqft

Source: Dubai Land Department. Updated 7 December 2022.

Key facts

Type
2-bed hotel apartment
Size
1,891 sqft
Floor
Ground of 11
Parking
B-413
Developer
Balqis Residence
Completed
2019
Service charge
AED 33,700 /yr
Last sold
AED 2.32M · December 2022
Building
Balqis Residence 3

About G02, Balqis Residence 3

G02 is a two-bedroom hotel apartment of 1,891 sqft on the ground floor of Balqis Residence 3, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 7 December 2022 for AED 2,322,746, or AED 1,228 per sqft, 4% below the AED 1,283 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for G02 over time

Sales
Unit G02, 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, December 2022: AED 2,322,746 (AED 1,228 per sqft)

G02 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit G02, 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 G02 sits

All 29 2-beds →

G02 last sold in December 2022 at AED 1,228 per sqft, 4% below what two-beds in Balqis Residence 3 were fetching at the time (AED 1,283). 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 ground floor

All 144 units in Balqis Residence 3
Value
G01StudioAED 1.1M · Feb 2023
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

G02, Balqis Residence 3 in numbers

  • Sold once: by Balqis Residence on 7 December 2022 for AED 2,322,746, or AED 1,228 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 7 December 2022.

Questions about G02, Balqis Residence 3

What did unit G02 last sell for?

AED 2,322,746 on 7 December 2022, sold by the developer: AED 1,228 per sqft for 1,891 sqft. It is the only registered sale of the unit.

How big is unit G02?

1,891 sqft (175.7 sqm): a two-bedroom hotel apartment on the ground floor of a 11-storey tower completed in 2019.

What is unit G02 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 G02, Balqis Residence 3

Starts from the last sale price (AED 2.32M, 7 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,322,746
Deposit, UAE resident (20%)
AED 464,549
Deposit, non-resident (40%)
AED 929,098
Monthly over 25 years at 3.7%
AED 9,503

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