Project · Transactions · 2023

Balqis Residence Property Transactions 2023

70 property sales worth ⃃ 305.3M were registered in Balqis Residence in 2023, 19.5% lower than 2022 by number of sales. The median sale price was ⃃ 3,044,152 and the median price per square foot ⃃ 1,791 (+14.9% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 70 salesUpdated: 18 Oct 2026
Property sales
70
−19.5% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 305.3M
−22.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 3,044,152
−0.1% vs 2022
70 sales
Median price per sq ft
⃃ 1,791
+14.9% vs 2022
70 sales

What types of property sold in Balqis Residence in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments6694.3%⃃ 305.21M⃃ 3,142,500⃃ 1,800
Commercial45.7%⃃ 94K⃃ 24,995⃃ 14

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)3651.4%⃃ 102.41M⃃ 1,759,419⃃ 1,815
Resale (secondary)3448.6%⃃ 202.89M⃃ 4,275,000⃃ 1,723
Ready70100%⃃ 305.3M⃃ 3,044,152⃃ 1,791

How many rental contracts were registered in Balqis Residence in 2023?

136 rental contracts (new and renewed) were registered in Balqis Residence in 2023, at a median annual rent of ⃃ 220,000 (+25.7% on 2022). Rental yields in Balqis Residence

What were the most expensive property sales in Balqis Residence in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
27/10/2023Balqis Residence - Garden Villas5 beds · Apartment13,968 sq ft⃃ 25,000,000Resale · Ready
28/04/2023Balqis Residence - Garden Villas4 beds · Apartment9,821 sq ft⃃ 17,000,000Resale · Ready
04/04/2023Balqis Residence - Garden Villas4 beds · Apartment9,818 sq ft⃃ 16,400,000Primary · Ready
10/04/2023Balqis Residence - Garden Villas4 beds · Apartment9,814 sq ft⃃ 14,300,000Primary · Ready
04/07/2023Balqis Residence - Garden Villas4 beds · Apartment9,821 sq ft⃃ 12,600,000Resale · Ready
20/11/2023Balqis Residence 13 beds · Apartment5,628 sq ft⃃ 12,000,000Resale · Ready
19/12/2023Balqis Residence 34 beds · Apartment3,493 sq ft⃃ 10,650,000Resale · Ready
09/03/2023Balqis Residence 24 beds · Apartment6,894 sq ft⃃ 10,400,000Resale · Ready
06/04/2023Balqis Residence 15 beds · Apartment11,446 sq ft⃃ 9,300,000Primary · Ready
22/03/2023Balqis Residence 23 beds · Apartment7,759 sq ft⃃ 9,087,827Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
19/12/2023Balqis Residence 34 beds · Apartment3,493 sq ft⃃ 10,650,000Resale · Ready
06/12/2023Balqis Residence 33 beds · Apartment2,437 sq ft⃃ 5,800,000Resale · Ready
28/11/2023Balqis Residence 23 beds · Apartment2,508 sq ft⃃ 4,950,000Resale · Ready
22/11/2023Balqis Residence 23 beds · Apartment2,366 sq ft⃃ 4,950,000Resale · Ready
20/11/2023Balqis Residence 13 beds · Apartment5,628 sq ft⃃ 12,000,000Resale · Ready
01/11/2023Balqis Residence 24 beds · Apartment6,805 sq ft⃃ 5,119,626Resale · Ready
31/10/2023Balqis Residence 34 beds · Apartment3,489 sq ft⃃ 6,431,000Resale · Ready
27/10/2023Balqis Residence - Garden Villas5 beds · Apartment13,968 sq ft⃃ 25,000,000Resale · Ready
22/09/2023Balqis Residence 22 beds · Apartment2,112 sq ft⃃ 3,400,000Resale · Ready
04/07/2023Balqis Residence - Garden Villas4 beds · Apartment9,821 sq ft⃃ 12,600,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/balqis-residence/2023
Balqis Residence Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/balqis-residence/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Balqis Residence in 2023?
70 property sales worth ⃃ 305,300,416 were registered in Balqis Residence in 2023. That is 19.5% lower than 2022.
What was the median property price in Balqis Residence in 2023?
The median sale price was ⃃ 3,044,152 and the median price per square foot ⃃ 1,791 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Balqis Residence were off-plan or from developers?
Developer (primary) sales were 51.4% of the 70 sales and resales 48.6%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/balqis-residence/2023