307, Balqis Residence 1
Sold prices and rental history: sold twice, last in April 2025, 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 307, Balqis Residence 1
What is 307 worth today?
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Source: Dubai Land Department. Updated 22 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,008 sqft
- Floor
- 3rd of 11
- Parking
- B-15
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,800 /yr
- Last sold
- AED 3.75M · April 2025
- Building
- Balqis Residence 1
About 307, Balqis Residence 1
307 is a two-bedroom apartment of 2,008 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 22 April 2025 for AED 3,750,000, or AED 1,867 per sqft, in line with the AED 1,867 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 21 October 2023, is AED 210,000 a year: a gross yield of 5.6% on the 2025 price, before the service charge of about AED 35,800 a year.
Sales and rents for 307 over time
307 has sold twice; 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 307 sits
All 22 2-beds →307 last sold in April 2025 at AED 1,867 per sqft, in line with what two-beds in Balqis Residence 1 were fetching at the time (AED 1,867). 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. 307's AED 210,000 is in the upper 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 | ||
| 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 | ||
| 10 Jun 202410 June 2024 | 1,971 sqft | 3,310,000 | 1,679 |
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 | |
| 304 | 2-bed | 2,093 sqft | AED 2.63MAED 2,633,000 · May 2016May 2016 | 151,595 /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 | ||
| 308 | 2-bed | 2,204 sqft | AED 2.5MAED 2,500,000 · Feb 2022February 2022 | 250,000 /yr |
307, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 3,400,000, last on 22 April 2025 for AED 3,750,000 (AED 1,867 per sqft).
- Rented since February 2019 on 4 Ejari contracts, from AED 120,000 to AED 210,000 a year.
- At AED 210,000 a year the gross yield on the 2025 price is 5.6%, before a service charge of about AED 35,800 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 22 April 2025.
Questions about 307, Balqis Residence 1
What did unit 307 last sell for?
AED 3,750,000 on 22 April 2025: AED 1,867 per sqft for 2,008 sqft. The unit has 2 registered sales; the first was AED 3,400,000 in August 2009.
What is the rent for unit 307?
AED 210,000 a year on the contract signed on 21 October 2023. The previous contract, from April 2021, was AED 120,000; the unit has been rented since February 2019.
How big is unit 307?
2,008 sqft (186.5 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 307 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 307, Balqis Residence 1
Starts from the last sale price (AED 3.75M, 22 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 3,750,000
- Deposit, UAE resident (20%)
- AED 750,000
- Deposit, non-resident (40%)
- AED 1,500,000
- Monthly over 25 years at 3.7%
- AED 15,342
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →