801, Balqis Residence 1
Sold prices and rental history: sold twice, last in July 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 801, Balqis Residence 1
What is 801 worth today?
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Source: Dubai Land Department. Updated 28 July 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 2,001 sqft
- Floor
- 8th of 11
- Parking
- G-46
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,600 /yr
- Last sold
- AED 2.25M · July 2021
- Building
- Balqis Residence 1
About 801, Balqis Residence 1
801 is a two-bedroom apartment of 2,001 sqft on the 8th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 28 July 2021 for AED 2,250,000, or AED 1,124 per sqft.
It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 1 December 2020, is AED 105,000 a year: a gross yield of 4.7% on the 2021 price, before the service charge of about AED 35,600 a year.
Sales and rents for 801 over time
801 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 801 sits
All 22 2-beds →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. 801's AED 105,000 is at the bottom 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 8th floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 802 | 3-bed | 2,284 sqft | AED 2.9MAED 2,900,000 · Jan 2022January 2022 | 120,000 /yr | |
| 803 | 4-bed | 3,355 sqft | AED 6MAED 6,000,000 · Feb 2013February 2013 | 380,000 /yr | |
| 804 | 2-bed | 1,936 sqft | AED 3.05MAED 3,050,000 · Aug 2022August 2022 | 196,000 /yr | |
| 805 | 3-bed | 5,628 sqft | AED 12MAED 12,000,000 · Nov 2023November 2023 | 1,000,000 /yr |
801, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 3,510,000, last on 28 July 2021 for AED 2,250,000 (AED 1,124 per sqft).
- Rented since December 2019 on 2 Ejari contracts, from AED 120,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2021 price is 4.7%, before a service charge of about AED 35,600 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 28 July 2021.
Questions about 801, Balqis Residence 1
What did unit 801 last sell for?
AED 2,250,000 on 28 July 2021: AED 1,124 per sqft for 2,001 sqft. The unit has 2 registered sales; the first was AED 3,510,000 in August 2009.
What is the rent for unit 801?
AED 105,000 a year on the contract renewed on 1 December 2020. The previous contract, from December 2019, was AED 120,000.
How big is unit 801?
2,001 sqft (185.9 sqm): a two-bedroom apartment on the 8th floor of a 11-storey tower completed in 2019.
What is unit 801 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 801, Balqis Residence 1
Starts from the last sale price (AED 2.25M, 28 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,250,000
- Deposit, UAE resident (20%)
- AED 450,000
- Deposit, non-resident (40%)
- AED 900,000
- Monthly over 25 years at 3.7%
- AED 9,205
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →