206, Balqis Residence 1
Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 206, Balqis Residence 1
What is 206 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- 4-bed apartment
- Size
- 8,037 sqft
- Floor
- 2nd of 11
- Parking
- INTEGRATED
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 143,100 /yr
- Last sold
- AED 10.39M · November 2022
- Building
- Balqis Residence 1
About 206, Balqis Residence 1
206 is a four-bedroom apartment of 8,037 sqft on the 2nd floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 29 November 2022 for AED 10,388,280, or AED 1,292 per sqft, in line with the AED 1,292 four-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 450,000 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 143,100 a year.
Sales and rents for 206 over time
206 has sold once; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Balqis Residence 1, and where 206 sits
All 11 4-beds →206 last sold in November 2022 at AED 1,292 per sqft, in line with what four-beds in Balqis Residence 1 were fetching at the time (AED 1,292). Over the last 12 months four-beds sold for AED 9,150,000, around AED 2,722 per sqft, and rent for AED 300,000 to 450,000 a year. 206's AED 450,000 is at the top of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Nov 202512 November 2025 | 3,361 sqft | 9,150,000 | 2,722 | ||
| 17 Apr 202517 April 2025 | 3,360 sqft | 8,800,000 | 2,618 | ||
| 1 Jul 20241 July 2024 | 3,356 sqft | 8,700,000 | 2,592 | ||
| 29 Nov 202229 November 2022 | 9,542 sqft | 11,488,680 | 1,204 |
Balqis Residence 1
Building54 apartments, 2-bed to 6-bed over 11 floors in Palm Jumeirah, completed in 2019 by Balqis Residence. 5 sold in the last 12 months.
- Typical price per sqft
- AED 2,722
- Typical sale
- AED 9.15M
- Typical rent
- AED 305K /yr
- Typical yield
- 4.0%
Other units on the 2nd floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 2-bed | 2,209 sqft | AED 3.8MAED 3,800,000 · May 2012May 2012 | 125,000 /yr | |
| 202 | 4-bed | 9,542 sqft | AED 11.49MAED 11,488,680 · Nov 2022November 2022 | 450,000 /yr | |
| 203 | 5-bed | 11,300 sqft | AED 12.05MAED 12,052,200 · Jul 2020July 2020 | 550,000 /yr | |
| 204 | 2-bed | 2,216 sqft | AED 2.5MAED 2,500,000 · Jun 2012June 2012 | 190,000 /yr | |
| 205 | 3-bed | 7,822 sqft | AED 8.9MAED 8,900,000 · Aug 2009August 2009 | ||
| 207 | 5-bed | 11,446 sqft | AED 13MAED 13,000,000 · Jan 2025January 2025 | 241,005 /yr | |
| 208 | 3-bed | 8,260 sqft | AED 4.05MAED 4,050,000 · Mar 2021March 2021 | 200,000 /yr |
206, Balqis Residence 1 in numbers
- Sold once: by Balqis Residence on 29 November 2022 for AED 10,388,280, or AED 1,292 per sqft.
- Rented since February 2021 on 6 Ejari contracts, from AED 230,000 to AED 450,000 a year.
- At AED 450,000 a year the gross yield on the 2022 price is 4.3%, before a service charge of about AED 143,100 a year (AED 17.81 per sqft).
- Four-beds in Balqis Residence 1 sold for AED 9,150,000–9,150,000 in the 12 months to November 2026; the building's median across all types is AED 2,722 per sqft.
Source: Dubai Land Department. Updated 15 October 2026.
Questions about 206, Balqis Residence 1
What did unit 206 last sell for?
AED 10,388,280 on 29 November 2022, sold by the developer: AED 1,292 per sqft for 8,037 sqft. It is the only registered sale of the unit.
What is the rent for unit 206?
AED 450,000 a year on the contract renewed on 15 October 2026. The previous contract, from October 2025, was AED 450,000; the unit has been rented since February 2021.
How big is unit 206?
8,037 sqft (746.7 sqm): a four-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 206 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Balqis Residence 1 sold for AED 9,150,000 to 9,150,000 in the last 12 months, around AED 2,722 per sqft.
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Mortgage on 206, Balqis Residence 1
Starts from the last sale price (AED 10.39M, 29 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 10,388,280
- Deposit, UAE resident (20%)
- AED 2,077,656
- Deposit, non-resident (40%)
- AED 4,155,312
- Monthly over 25 years at 3.7%
- AED 42,502
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →