Balqis Residence 1

1. Does it pay a good rent?3.0% gross, before the service charge (not on file) (Dubai median 6.8%)3.0%Watch
2. Are rents going up?New 3 bed leases: AED 299,196 a year ago, AED 295,000 now (pooled across the project)-1.4%
3. Are prices going up?All types: AED 2,001/sqft a year ago, 2,722 now+36.1%Strength
4. How fast do fees pay back?AED 695,788 in fees to buy a 3 bed; rent covers it in 2.4 years2.4 yrs
5. Can I sell easily?5 sales in 12 months (8 the year before)5
6. Is a lot being built nearby?1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today. A further 125 are past their planned date. Palm Jumeirah supply by year →44%Fair
7. Did earlier buyers gain?Up 151% for buyers 5 years ago; up 53% for launch buyers, before fees+151.1%Context

5 resales in the last 12 months, against 6 a year on average over 2023–2025.

At 3 bed, Balqis Residence 1 has registered sale prices 11% below the Palm Jumeirah median price per square foot of 3,352 AED, across 32 eligible buildings.

Ejari files Balqis Residence’s leases under the project, not a tower, so 3 towers share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.

• Sales and rents to
  2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
  On record
• Sales evidence · 3 bed
  2 registered sales in 12 months; thin, a single deal moves the median
  Read with care
• Rental evidence · 3 bed
  25 new and 11 renewal contracts in 12 months · rent source: project (pooled)
  Read with care
• Service charge
  Not on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.
  Not on record
• Project register
  Balqis Residence: recorded complete 2019-10-30 · register data to 2026-07-06
  On record
• Costs not included
  4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
  Not in the yield

What is the rental yield in Balqis Residence 1?

No gross yield is published for Balqis Residence 1 as of 2026-10-12: its Ejari contracts are registered at project level, not for this tower. In the last 12 months it had 2 registered sales and 25 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Palm Jumeirah median is 4.5% gross.

How much does a 3 bedroom in Balqis Residence 1 cost?

The median registered sale price is AED 11.34M (2,992 AED/sqft), from 2 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.

What is the registered annual rent for a 3 bedroom in Balqis Residence 1?

The median new annual rent is AED 295,000, from 25 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.

Have registered rents in Balqis Residence 1 risen or fallen?

The median new annual rent changed -1.4% in the trailing 12 months against the previous 12, using 25 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.

Do new tenants in Balqis Residence 1 pay more than sitting ones?

A new tenant pays +2.1% against a renewing one, across 11 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.