304, Balqis Residence 1
Sold prices and rental history: sold 3 times, last in May 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 304, Balqis Residence 1
What is 304 worth today?
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Source: Dubai Land Department. Updated 17 February 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,093 sqft
- Floor
- 3rd of 11
- Parking
- G-67
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 37,300 /yr
- Last sold
- AED 2.63M · May 2016
- Building
- Balqis Residence 1
About 304, Balqis Residence 1
304 is a two-bedroom apartment of 2,093 sqft on the 3rd floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 24 May 2016 for AED 2,633,000, or AED 1,257 per sqft.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 17 February 2024, is AED 151,595 a year: a gross yield of 5.8% on the 2016 price, before the service charge of about AED 37,300 a year.
Sales and rents for 304 over time
304 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Balqis Residence 1, and where 304 sits
All 22 2-beds →Over the last 12 months two-beds sold for AED 6,500,000, around AED 3,098 per sqft, and rent for AED 125,000 to 271,500 a year. 304's AED 151,595 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Nov 202525 November 2025 | 2,098 sqft | 6,500,000 | 3,098 | ||
| 22 Apr 202522 April 2025 | 2,008 sqft | 3,750,000 | 1,867 | ||
| 18 Feb 202518 February 2025 | 1,837 sqft | 3,850,000 | 2,095 | ||
| 20 Nov 202420 November 2024 | 2,098 sqft | 4,000,000 | 1,906 |
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 310K /yr
- Typical yield
- 4.0%
Other units on the 3rd floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 3-bed | 2,443 sqft | AED 3.2MAED 3,200,000 · Mar 2022March 2022 | 10,000 /yr | |
| 302 | 4-bed | 3,291 sqft | AED 3MAED 3,000,000 · Dec 2019December 2019 | ||
| 303 | 2-bed | 1,971 sqft | AED 3.31MAED 3,310,000 · Jun 2024June 2024 | 200,000 /yr | |
| 305 | 3-bed | 2,284 sqft | AED 1.69MAED 1,690,000 · Jun 2020June 2020 | 338,625 /yr | |
| 306 | 4-bed | 3,378 sqft | AED 3.1MAED 3,100,000 · Feb 2021February 2021 | ||
| 307 | 2-bed | 2,008 sqft | AED 3.75MAED 3,750,000 · Apr 2025April 2025 | 210,000 /yr | |
| 308 | 2-bed | 2,204 sqft | AED 2.5MAED 2,500,000 · Feb 2022February 2022 | 250,000 /yr |
304, Balqis Residence 1 in numbers
- Sold 3 times: first on 17 August 2009 for AED 3,200,000, last on 24 May 2016 for AED 2,633,000 (AED 1,257 per sqft).
- Rented since February 2019 on 6 Ejari contracts, from AED 125,000 to AED 151,595 a year.
- At AED 151,595 a year the gross yield on the 2016 price is 5.8%, before a service charge of about AED 37,300 a year (AED 17.81 per sqft).
- Two-beds in Balqis Residence 1 sold for AED 6,500,000–6,500,000 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 17 February 2024.
Questions about 304, Balqis Residence 1
What did unit 304 last sell for?
AED 2,633,000 on 24 May 2016: AED 1,257 per sqft for 2,093 sqft. The unit has 3 registered sales; the first was AED 3,200,000 in August 2009.
What is the rent for unit 304?
AED 151,595 a year on the contract renewed on 17 February 2024. The previous contract, from February 2023, was AED 137,813; the unit has been rented since February 2019.
How big is unit 304?
2,093 sqft (194.4 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 304 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Balqis Residence 1 sold for AED 6,500,000 to 6,500,000 in the last 12 months, around AED 3,098 per sqft.
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Mortgage on 304, Balqis Residence 1
Starts from the last sale price (AED 2.63M, 24 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,633,000
- Deposit, UAE resident (20%)
- AED 526,600
- Deposit, non-resident (40%)
- AED 1,053,200
- Monthly over 25 years at 3.7%
- AED 10,772
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →