5-BED PENTHOUSE BALQIS RESIDENCE BLOCK C
5BR + 7BA ยท 12,678 sqft ยท Balqis Residence Block C
โ
Golden VisaVerified 4h ago
Now
AED 40.00M
AED 3,155
Price / sqft
12,678 sqft
Built-up area
5BR + 7BA
42d
On market
vs 8d median
AED 206,176
Mortgage est.
25y ยท 6% ยท 20% down
๐Relisted โ this listing was removed and reappeared (last: 01 Nov)
II ยท THE THESIS
DEAL SCORE PENDINGWHY THIS IS A DEAL
01
HEADLINE ยท COMPOSITE
SCORE BREAKDOWN
Awaiting first price event to compute score.
Insider unlocks the four evidence rows below.
Motivation ยท Negotiability ยท Below median ยท Every section below
INPUTS
4 signals + relist
WEIGHTS
Drop 35 ยท Neg 25 ยท Med 20 ยท Conf 10 ยท Relist 10
COMPS
14 comps ยท Daily
BENCHMARK
Palm Jumeirah, last 180d
REFRESH
Daily
IV ยท CASHFLOW
UAE CB GUIDELINES ยท YOUR ASSUMPTIONSMORTGAGE ยท RENT ยท BREAK-EVEN
YOUR ASSUMPTIONS
Down payment20%
15%40%
Interest rate6.00%
3.50%8.00%
Term25 yr
15 yr30 yr
UAE CB caps ยท 25-yr tenor ยท 80% LTV on a first home โค AED 5M ยท rates vary by bank โ drag the sliders
MONTHLY ยท NOW
AED 206K
vs AED 206K at pre-drop price (AED 40.00M) ยท See cuts โ
DOWN PAYMENT
AED 8.00M
20% of price
DLD FEE
AED 1.60M
4% of price
MORTGAGE REG
AED 80K
0.25% loan + 290
CASH TO CLOSE
AED 9.68M
Day-one out-of-pocket
LOAN AMOUNT
AED 32.00M
25y ยท 6.00%
TOTAL INTEREST
AED 29.85M
Over full term
RENT VS BUY
RENT ยท ESTIMATE
AED 200K
/ mo ยท ~6% gross yield
BUY ยท NOW
AED 206K
+AED 6K / mo
Your monthly cost is already higher than the rent estimate โ the buy vs rent break-even leans on price appreciation rather than monthly cash flow.
STRESS TEST
AT VARIOUS RATESIf rates climb to 8%, your payment grows by ~AED 41K/mo.
V ยท COMPARABLES
PALM JUMEIRAH ยท 5BR ยท ACTIVEVALUE ยท 11 COMPS
VALUE HEADLINE
AED 3,155 /sqft-54%
vs area median AED 6,801 /sqft ยท 10 comps
RANK
4 / 11
MID/HIGH RANGE
OUR TAKE
โ
UnderpricedPRICE ร SIZE ยท DROP-WEIGHTED
DOT SIZE = DROP %AED / SQFT ยท DISTRIBUTION
BREAKDOWN ยท 10 LISTINGS
MORE EXPENSIVE /SQFT
7
70% of comps
CHEAPER /SQFT
3
See table
MEDIAN DOM
โ
this listing: โ
NEW THIS WEEK
โ
Last 7 days
ListingPriceSizeAED/sqftDrop %DOMฮ vs this
This listingThisAED 40.00M12,6783,155โโโDuplex Penthouse ยท H-Type ยท Park ViewsAED 9.95M5,2381,900โโ-40%Full Reno & Upgrade ยท Penthouse ยท See NowAED 22.00M10,2372,149โโ-32%Duplex Penthouse ยท Vacant ยท G-TypeAED 10.50M4,8442,168โโ-31%Ultra-Luxury ยท Corner Penthouse ยท Private PoolAED 21.50M5,8693,663โโ+16%Listed Exclusively ยท Mid Number ยท Reno ProjectAED 32.00M5,0006,400โโ+103%TAKEAWAYOf 10 comparables, 7 are more expensive per sqft. The 3 cheaper ones are a mix of smaller units and older buildings.
Unlock all comparables ยท AED 199 / mo
Scatter ยท distribution ยท full table ยท CSV export
VI ยท AREA INTEL
PALM JUMEIRAH ยท ACTIVE COMPSGEOGRAPHY ยท PULSE ยท VELOCITY
MEDIAN PRICE ยท ACTIVE
AED 32.85MThis: AED 40.00M ยท +22%
AVG DOM
8d
THIS: 42D ยท +34D
ACTIVE COMPS
14
listings in segment
SIMILAR INVENTORY
Browse drops in Palm Jumeirah