904, Balqis Residence 1
Sold prices and rental history: sold twice, last in May 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 904, Balqis Residence 1
What is 904 worth today?
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Source: Dubai Land Department. Updated 26 May 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,936 sqft
- Floor
- 9th of 11
- Parking
- G-40
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,500 /yr
- Last sold
- AED 2.7M · May 2022
- Building
- Balqis Residence 1
About 904, Balqis Residence 1
904 is a two-bedroom apartment of 1,936 sqft on the 9th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 25 May 2022 for AED 2,700,000, or AED 1,394 per sqft, 22% above the AED 1,144 two-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 26 May 2022, is AED 123,200 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 34,500 a year.
Sales and rents for 904 over time
904 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 904 sits
All 22 2-beds →904 last sold in May 2022 at AED 1,394 per sqft, 22% above what two-beds in Balqis Residence 1 were fetching at the time (AED 1,144). 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. 904's AED 123,200 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 9th floor
All 54 units in Balqis Residence 1904, Balqis Residence 1 in numbers
- Sold twice: first on 17 August 2009 for AED 3,610,000, last on 25 May 2022 for AED 2,700,000 (AED 1,394 per sqft).
- Rented since May 2020 on 3 Ejari contracts, from AED 112,000 to AED 123,200 a year.
- At AED 123,200 a year the gross yield on the 2022 price is 4.6%, 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 26 May 2022.
Questions about 904, Balqis Residence 1
What did unit 904 last sell for?
AED 2,700,000 on 25 May 2022: AED 1,394 per sqft for 1,936 sqft. The unit has 2 registered sales; the first was AED 3,610,000 in August 2009.
What is the rent for unit 904?
AED 123,200 a year on the contract signed on 26 May 2022. The previous contract, from May 2021, was AED 112,000; the unit has been rented since May 2020.
How big is unit 904?
1,936 sqft (179.9 sqm): a two-bedroom apartment on the 9th floor of a 11-storey tower completed in 2019.
What is unit 904 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 904, Balqis Residence 1
Starts from the last sale price (AED 2.7M, 25 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →