402, Balqis Residence 1
Sold prices and rental history: sold once, by the developer in August 2009, 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 402, Balqis Residence 1
What is 402 worth today?
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Source: Dubai Land Department. Updated 15 March 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,987 sqft
- Floor
- 4th of 11
- Parking
- G-71
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,400 /yr
- Last sold
- AED 3.2M · August 2009
- Building
- Balqis Residence 1
About 402, Balqis Residence 1
402 is a two-bedroom apartment of 1,987 sqft on the 4th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 13 August 2009 for AED 3,200,000, or AED 1,610 per sqft, 8% below the AED 1,753 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 15 March 2026, is AED 235,000 a year: a gross yield of 7.3% on the 2009 price, before the service charge of about AED 35,400 a year.
Sales and rents for 402 over time
402 has sold once; 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 402 sits
All 22 2-beds →402 last sold in August 2009 at AED 1,610 per sqft, 8% below what two-beds in Balqis Residence 1 were fetching at the time (AED 1,753). 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. 402's AED 235,000 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 305K /yr
- Typical yield
- 4.0%
Other units on the 4th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,837 sqft | AED 3.85MAED 3,850,000 · Feb 2025February 2025 | ||
| 403 | 2-bed | 1,985 sqft | AED 3.15MAED 3,150,000 · Jun 2022June 2022 | 90,000 /yr | |
| 404 | 3-bed | 2,283 sqft | AED 1.75MAED 1,750,000 · Jul 2020July 2020 | 147,000 /yr | |
| 405 | 4-bed | 3,356 sqft | AED 8.7MAED 8,700,000 · Jul 2024July 2024 | 370,000 /yr | |
| 406 | 2-bed | 1,936 sqft | AED 3.5MAED 3,500,000 · Aug 2009August 2009 | 271,500 /yr |
402, Balqis Residence 1 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 3,200,000, or AED 1,610 per sqft.
- Rented since August 2019 on 7 Ejari contracts, from AED 110,000 to AED 235,000 a year.
- At AED 235,000 a year the gross yield on the 2009 price is 7.3%, before a service charge of about AED 35,400 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 15 March 2026.
Questions about 402, Balqis Residence 1
What did unit 402 last sell for?
AED 3,200,000 on 13 August 2009, sold by the developer: AED 1,610 per sqft for 1,987 sqft. It is the only registered sale of the unit.
What is the rent for unit 402?
AED 235,000 a year on the contract renewed on 15 March 2026. The previous contract, from March 2025, was AED 230,000; the unit has been rented since August 2019.
How big is unit 402?
1,987 sqft (184.6 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 402 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 402, Balqis Residence 1
Starts from the last sale price (AED 3.2M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 3,200,000
- Deposit, UAE resident (20%)
- AED 640,000
- Deposit, non-resident (40%)
- AED 1,280,000
- Monthly over 25 years at 3.7%
- AED 13,092
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →