406, Balqis Residence 1
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Balqis Residence 1
What is 406 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 3 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,936 sqft
- Floor
- 4th of 11
- Parking
- G-73
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,500 /yr
- Last sold
- AED 3.5M · August 2009
- Building
- Balqis Residence 1
About 406, Balqis Residence 1
406 is a two-bedroom apartment of 1,936 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 17 August 2009 for AED 3,500,000, or AED 1,807 per sqft, in line with the AED 1,760 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 3 January 2026, is AED 271,500 a year: a gross yield of 7.8% on the 2009 price, before the service charge of about AED 34,500 a year.
Sales and rents for 406 over time
406 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 406 sits
All 22 2-beds →406 last sold in August 2009 at AED 1,807 per sqft, in line with what two-beds in Balqis Residence 1 were fetching at the time (AED 1,760). 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. 406's AED 271,500 is at the top 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 | ||
| 402 | 2-bed | 1,987 sqft | AED 3.2MAED 3,200,000 · Aug 2009August 2009 | 235,000 /yr | |
| 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, Balqis Residence 1 in numbers
- Sold once: by Balqis Residence on 17 August 2009 for AED 3,500,000, or AED 1,807 per sqft.
- Rented since December 2020 on 7 Ejari contracts, from AED 75,000 to AED 271,500 a year.
- At AED 271,500 a year the gross yield on the 2009 price is 7.8%, before a service charge of about AED 34,500 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 3 January 2026.
Questions about 406, Balqis Residence 1
What did unit 406 last sell for?
AED 3,500,000 on 17 August 2009, sold by the developer: AED 1,807 per sqft for 1,936 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 271,500 a year on the contract renewed on 3 January 2026. The previous contract, from January 2025, was AED 258,500; the unit has been rented since December 2020.
How big is unit 406?
1,936 sqft (179.9 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 406 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.
Selling 406? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 406, Balqis Residence 1
Starts from the last sale price (AED 3.5M, 17 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →