Market bulletin · Thu, 22 Oct 2026
Balqis Residence 3: 1 sales worth AED 3.75M in 30 days
Balqis Residence 3 recorded 1 sale worth AED 3.75M in the 30 days to Thu, 22 Oct 2026. Over the last week 1 sale was registered (AED 3.75M), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Palm Jumeirah, Balqis Residence 3 ranked #11 of 11 leading projects by 12-month sales value; it is developed by IFA Hotel & Resorts.
Leases registered in the last three months had a median annual rent of AED 320K.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | AED 1,668 |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | — |
| Nov 24 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 1 |
| Sept 26 | 0 | 0 | 0 |
| Aug 26 | 0 | 0 | 0 |
| Jul 26 | 0 | 0 | 0 |
| Jun 26 | 0 | 0 | 0 |
| May 26 | 0 | 0 | 0 |
| Apr 26 | 0 | 0 | 0 |
| Mar 26 | 0 | 0 | 0 |
| Feb 26 | 0 | 0 | 0 |
| Jan 26 | 0 | 0 | 0 |
| Dec 25 | 0 | 0 | 0 |
| Nov 25 | 0 | 0 | 5 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 1 | — | AED 3.75M | — | — |
| Last 3 months | 1 | — | AED 3.75M | — | — |
| Last 6 months | 1 | down 80.0% | AED 3.75M | — | — |
| Last 12 months | 6 | up 20.0% | AED 16.2M | 1,708 | down 20.4% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 6 | 100% | AED 1.94M | 1,708 | down 20.4% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 2 | 33% | — | — | — |
| 1 bedroom | 2 | 33% | — | — | — |
| 2 bedrooms | 1 | 17% | — | — | — |
| 3 bedrooms | 1 | 17% | — | — | — |
| Type | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Apartments | 2 | 33% | — | — | — |
| Hotel apartments | 4 | 67% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 3 | 50% | — | — | — |
| AED 2M–10M | 3 | 50% | — | — | — |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | — |
| Nov 24 | — |
- Leases (12M)
- 26
- New leases
- 73.1%
- Median rent 3M
- AED 320K
- Rent/sqft 3M
- AED 107
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 3 BR | 13 | AED 320K | AED 350K | 129 |
Competing projects in Palm Jumeirah
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Bella - Passo Building 2Beyond Developments | 59 | 5,664 | up 6.2% |
| Passo Building 1Beyond Developments | 60 | 5,723 | — |
| Como Residences | 11 | 5,624 | — |
| Signature Villas Frond G (Al Shishi)Nakheel | 4 | — | — |
| Signature Villas Frond N (Al Naghal)Nakheel | 6 | 9,358 | — |
| The Royal Atlantis ResidencesAtlantis The Palm 2 Development | 16 | 8,446 | — |
| Avita - Passo Building 1Beyond Developments | 47 | 6,403 | — |
| Signature Villas Frond F (Al Yabri)Nakheel | 3 | — | — |
| Six Senses Residences The PalmSelect Group | 14 | 6,933 | — |
| The Alba Residences 1Omniyat Properties | 6 | 8,770 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 3.75M | 2 BR Apartment · 2,147 sqftBalqis Residence 3 · Palm Jumeirah | 20 Oct |
Questions about Balqis Residence 3
How many properties were sold in Balqis Residence 3 in the last year?
6 sales worth AED 16.2M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Balqis Residence 3?
The median annual rent on leases registered in the last three months was AED 320K.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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