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Balqis Residence 3

A studio in Balqis Residence 3 costs a median AED 1.44M.

Studio · typical price

1.44MAED

AED 2,100/sqft

vs Palm Jumeirah
24% below the median
Cost to buy, all inAED 1.53M
Price
AED 1.44M
DLD fee 4%
AED 57,580
Agent 2% + VAT
AED 30,230
Trustee
AED 4,200

Against this building’s registered sales of the same type.

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Is Balqis Residence 3 a good investment?Pays above the Dubai median; prices are slipping

  1. Does it pay a good rent?13.1% gross, before the service charge (not on file) (Dubai median 6.8%)13.1%Strength
  2. Are rents going up?New leases: AED 295,000 a year ago, AED 275,000 now (pooled across the project)-6.8%
  3. Are prices going up?All types: AED 1,779/sqft a year ago, 1,668 now-6.2%Watch
  4. How fast do fees pay back?AED 92,010 in fees to buy a studio: DLD 4%, agent 2% plus VAT, trusteeAED 92,010
  5. Can I sell easily?7 sales in 12 months (5 the year before)7
  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 55% for buyers 5 years ago; launch buyers still 25% down, before fees+55.3%Context

Readings use published thresholds · studio figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

Balqis Residence 3 prices and rents by unit typeA studio costs about AED 1.44M

TypeMedian priceGross yieldNew rent12-month changeSales
StudioAED 1.44M2,100/sqftnot yet letnot yet letunder 5 sales in a year2
1 bedAED 1.69M1,448/sqftnot yet letnot yet letunder 5 sales in a year2
2 bedAED 3.61M1,825/sqftpooled rent, not per buildingpooled rent, not per buildingunder 5 sales in a year2
3 bedAED 6.18M2,541/sqftpooled rent, not per buildingpooled rent, not per buildingunder 5 sales in a year1
Appreciation, rental income and short-term detail, by unit type

Appreciation

Studio · price per sqft · Palm Jumeirah · area median AED 2,756/sqft

Off-plan price gain, 2012–2020
+6.4% · +0.6%/yr

Read with care

  • No rental contracts are registered here yet, so there is no yield and the prices are launch pricing — a pre-handover building. Price growth from launch is not comparable with a let building's.
  • Thin sample — 2 sales in 12 months. Treat these figures as indicative.

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Median price paid, Studio, as a rolling 3-month median. The band along the bottom is the number of records each month.

Chart data, Studio: May 2012, AED 1,193,500; latest, Nov 2025, AED 1,439,491; peak, Jun 2016, AED 1,700,000.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 1,668 · before fees

Launch, 2009–20
2,230
−25%
5 years ago
1,074
+55%
3 years ago
1,820
−8%
Previous 12 months
1,779
−6%
Last 12 months
1,668
today

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

7 resales in the last 12 months, against 21 a year on average over 2023–2025.

DateTypeSqftPriceAED/sqft
22 Sept 20262 bed2,070AED 3,111,7261,503
17 Nov 20251 bed1,260AED 2,101,0181,668
17 Nov 2025Studio703AED 1,780,0002,533
17 Nov 2025Studio659AED 1,098,9821,668
14 Nov 20253 bed2,433AED 6,180,0002,541
4 Nov 20251 bed1,045AED 1,283,5701,228
20 Oct 20252 bed1,909AED 4,100,0002,147

7 resales in the last 12 months.

Comparables in Palm Jumeirah

Every Palm Jumeirah building with a page, ranked by price per sqft over the same 12 months, all unit types. Balqis Residence 3 places 92nd of 93; the nearest 5 are shown.

RankBuildingMedian priceAED/sqftGross yield12-month changeSales
88Granduer Residences-MughalCompleted 2012 · off-plan 1,778/sqftAED 2.76M1,913+14.7%5.3%-7.2%6
89Golden Mile 6Completed 2009 · off-plan 889/sqftAED 3.54M1,899+13.9%5.1%—4
90Golden Mile 3Completed 2009 · off-plan 798/sqftAED 3.59M1,890+13.3%5.0%+13.2%5
91Oceana Hotel and ApartmentsCompleted 2018 · off-plan 2,956/sqftAED 1.49M1,698+1.8%—-15.5%8
92Balqis Residence 3 · this buildingCompleted 2019 · off-plan 1,841/sqftAED 2.10M1,66813.1%-6.2%7
93Golden Mile 1Completed 2009 · off-plan 778/sqftAED 4.00M1,657-0.6%4.5%+0.6%5

Rank 1 is the dearest per square foot. Differences are against Balqis Residence 3 (AED 1,668/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At studio, Balqis Residence 3 has registered sale prices 24% below the Palm Jumeirah median price per square foot of 2,756 AED, across 8 eligible buildings.

Market context in Palm Jumeirah

Registered sales activity

748 ready apartment sales in the 12 months to 2026-10-12.

+3.4% in median AED/sqft versus the preceding year, supported by 748 current and 1,092 prior price observations.

Explore sales activity

Planned apartment projects

1,382 known registered units across 7 pending projects planned within one year of the 2026-07-06 register.

3 projects had already passed their planned date; 2 have unknown timing.

Explore planned supply

Supply against leasing, and same-building moves

1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today.

Ready prices per sqft fell in 26% of 34 buildings (counted once per bedroom type) in Palm Jumeirah with sales in both years; the typical one moved +3.4%.

New-lease rents fell in 81% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved −6.8%.

How these are counted
Find service-charge budget evidence for Balqis Residence 3

Direct locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.

The Balqis Residence towers

5 towers in Balqis Residence, at the bedroom type above.

Balqis Residence, every type →
TowerPriceAED/sqftRent a yearGross yield
Balqis Residence - Beach Villas—none——none—
Balqis Residence - Garden Villas—none——none—
Balqis Residence 1—none——none—
Balqis Residence 2—none——none—
Balqis Residence 3 · this building—2 sales, too few——none—
Palm Jumeirah: every development at this type
DevelopmentRent a yearPriceAED/sqftGross yield
Palm Views2 developments, pooledAED 85,00069 contractsAED 1.50M17 sales2,7645.7%
East1 towerAED 87,50034 contractsAED 1.52M10 sales2,7895.8%
West1 towerAED 85,00035 contractsAED 1.30M7 sales2,3526.5%
Balqis Residence · this development5 towers—none—2 sales, too few——
Royal Amwaj2 towers · rent filed for the projectAED 105,0006 contractsAED 1.50M10 sales2,7227.0%
Seven Hotel and Apartments The Palm2 towers · rent filed for the projectAED 80,00056 contractsAED 1.37M34 sales3,9275.8%
All of Palm Jumeirahevery building, in a project or notAED 90,000178 contractsAED 1.50M88 sales2,9526.0%

Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at studio. A median needs 3 rows; a dash with a count means fewer. Developments sharing a name are grouped under it; DLD itself records no such parent.

About Balqis Residence 3

Balqis Residence 3 is an apartment building completed in 2019 in Palm Jumeirah. 135 sales are registered with the Dubai Land Department.

Pinned by Google from the registered name; verify the plot before relying on it.Open in Google Maps

Nearest, as registered

Metro
Mina Seyahi
Mall
Marina Mall
Landmark
Burj Al Arab

Balqis Residence 3: AED 1,668 per sq ft, 41% below the median Palm Jumeirah building, and a 13.1% gross yield, in the top tenth of the area

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

  1. Balqis Residence 3AED 1,668
  2. Palm Jumeirah, readyAED 2,663
  3. Palm Jumeirah, off-planAED 5,539
  4. Dubai, readyAED 1,421
Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Gross yield against the area's buildings

Axis: gross yield, % of price

Balqis Residence 3Palm Jumeirah median building

  1. Palm Jumeirah13.1% vs 5.1%
Line: the 10th to 90th percentile of 50 buildings in Palm Jumeirah. Gross: before service charge, vacancy and fees. Sources: DLD, Ejari.

Upcoming supply in Palm Jumeirah, by handover quarter

Nearby in Palm Jumeirah

Every building in Palm Jumeirah →
Prices per sq ft around Balqis Residence 3, on the map
Pills show median sale price, AED. 81 buildings pinned from Google place records and Apple geocoding · Balqis Residence 3 is the inverted pinOpen in Apple Maps

Balqis Residence 2

Palm Jumeirah · 10 sales, 12 months

4.80M

AED, resale median · 2,137/sqft

Balqis Residence 1

Palm Jumeirah · 5 sales, 12 months

9.15M

AED, resale median · 2,722/sqft

Satellite view of Seven Hotel & Apartments the Palm - A, Palm Jumeirah, Dubai, centred on its registered pin. Apple Maps.

Seven Hotel & Apartments the Palm - A

Palm Jumeirah · 51 sales, 12 months

1.70M

AED, resale median · 3,456/sqft

Satellite view of The Palm Tower, Palm Jumeirah, Dubai, centred on its registered pin. Apple Maps.

The Palm Tower

Palm Jumeirah · 32 sales, 12 months

2.58M

AED, resale median · 4,343/sqft

Before you decide

The facts that can change the return, each with the date it rests on.

Rent or buy

What owning a studio here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from Balqis Residence 3’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.

Residency
More assumptions

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage
—
4.5% over 25 years
Monthly rent
—
Cash needed at purchase
—

Enter a price, a rent, a rate, a term and a horizon to model the comparison.

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Common questions

What is the rental yield in Balqis Residence 3?
No gross yield is published for Balqis Residence 3 as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 2 registered sales and 0 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Palm Jumeirah median is 6.2% gross.
How much does a studio in Balqis Residence 3 cost?
The median registered sale price is AED 1.44M (2,100 AED/sqft), from 2 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
How many apartments change hands in Balqis Residence 3?
2 sales were registered with the Dubai Land Department in the last 12 months. Every median on this page rests on those counts.
Which metro station is closest to Balqis Residence 3?
Mina Seyahi, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Marina Mall.

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Balqis Residence 3 sale record

Record type
Building-level property market record
Data date
· refreshed
Evidence base
2 registered sales in the last 12 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts
Canonical record
/sale/apartments/dubai/palm-jumeirah/balqis-residence-3
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Balqis Residence 3 sale prices and yield.” Palm Jumeirah, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/palm-jumeirah/balqis-residence-3

Stable dataJSON