308, Balqis Residence 1
Sold prices and rental history: sold twice, last in February 2022, and rented once, from October 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Balqis Residence 1
What is 308 worth today?
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Source: Dubai Land Department. Updated 6 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,204 sqft
- Floor
- 3rd of 11
- Parking
- G-69
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 39,200 /yr
- Last sold
- AED 2.5M · February 2022
- Building
- Balqis Residence 1
About 308, Balqis Residence 1
308 is a two-bedroom apartment of 2,204 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 18 February 2022 for AED 2,500,000, or AED 1,134 per sqft, in line with the AED 1,139 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 6 October 2023. The current contract, signed on 6 October 2023, is AED 250,000 a year: a gross yield of 10.0% on the 2022 price, before the service charge of about AED 39,200 a year.
Sales and rents for 308 over time
308 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 308 sits
All 22 2-beds →308 last sold in February 2022 at AED 1,134 per sqft, in line with what two-beds in Balqis Residence 1 were fetching at the time (AED 1,139). 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. 308's AED 250,000 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 | ||
| 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 | |
| 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 | ||
| 307 | 2-bed | 2,008 sqft | AED 3.75MAED 3,750,000 · Apr 2025April 2025 | 210,000 /yr |
308, Balqis Residence 1 in numbers
- Sold twice: first on 18 June 2012 for AED 2,950,000, last on 18 February 2022 for AED 2,500,000 (AED 1,134 per sqft).
- Rented since October 2023 on one Ejari contract, at AED 250,000 a year.
- At AED 250,000 a year the gross yield on the 2022 price is 10.0%, before a service charge of about AED 39,200 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 6 October 2023.
Questions about 308, Balqis Residence 1
What did unit 308 last sell for?
AED 2,500,000 on 18 February 2022: AED 1,134 per sqft for 2,204 sqft. The unit has 2 registered sales; the first was AED 2,950,000 in June 2012.
What is the rent for unit 308?
AED 250,000 a year on the contract signed on 6 October 2023.
How big is unit 308?
2,204 sqft (204.8 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 308 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 308, Balqis Residence 1
Starts from the last sale price (AED 2.5M, 18 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →