506, Balqis Residence 1
Sold prices and rental history: sold twice, last in October 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Balqis Residence 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 23 October 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,936 sqft
- Floor
- 5th of 11
- Parking
- G-75, G-74
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,500 /yr
- Last sold
- AED 1.85M · October 2019
- Building
- Balqis Residence 1
About 506, Balqis Residence 1
506 is a two-bedroom apartment of 1,936 sqft on the 5th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 23 October 2019 for AED 1,850,000, or AED 955 per sqft, in line with the AED 950 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 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 506 sits
All 22 2-beds →506 last sold in October 2019 at AED 955 per sqft, in line with what two-beds in Balqis Residence 1 were fetching at the time (AED 950). 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.
| 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 5th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 6,270 sqft | AED 8.1MAED 8,100,000 · Apr 2023April 2023 | 650,000 /yr | |
| 502 | 3-bed | 7,523 sqft | AED 10.5MAED 10,500,000 · Jun 2022June 2022 | 200,000 /yr | |
| 503 | 2-bed | 2,098 sqft | AED 3.25MAED 3,250,000 · Sep 2022September 2022 | ||
| 504 | 3-bed | 2,283 sqft | AED 2.1MAED 2,100,000 · May 2021May 2021 | 325,000 /yr | |
| 505 | 4-bed | 3,355 sqft | AED 2.95MAED 2,950,000 · May 2021May 2021 | 379,500 /yr |
506, Balqis Residence 1 in numbers
- Sold twice: first on 16 August 2009 for AED 3,500,000, last on 23 October 2019 for AED 1,850,000 (AED 955 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 23 October 2019.
Questions about 506, Balqis Residence 1
What did unit 506 last sell for?
AED 1,850,000 on 23 October 2019: AED 955 per sqft for 1,936 sqft. The unit has 2 registered sales; the first was AED 3,500,000 in August 2009.
How big is unit 506?
1,936 sqft (179.9 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 506 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 506, Balqis Residence 1
Starts from the last sale price (AED 1.85M, 23 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,850,000
- Deposit, UAE resident (20%)
- AED 370,000
- Deposit, non-resident (40%)
- AED 740,000
- Monthly over 25 years at 3.7%
- AED 7,569
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →