1001, Balqis Residence 2
Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, Balqis Residence 2
What is 1001 worth today?
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Source: Dubai Land Department. Updated 25 August 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,368 sqft
- Floor
- 10th of 11
- Parking
- B-121
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,200 /yr
- Last sold
- AED 4.2M · March 2024
- Building
- Balqis Residence 2
About 1001, Balqis Residence 2
1001 is a three-bedroom apartment of 2,368 sqft on the 10th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 12 March 2024 for AED 4,200,000, or AED 1,774 per sqft, in line with the AED 1,749 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 25 August 2025, is AED 430,000 a year: a gross yield of 10.2% on the 2024 price, before the service charge of about AED 42,200 a year.
Sales and rents for 1001 over time
1001 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Balqis Residence 2, and where 1001 sits
All 54 3-beds →1001 last sold in March 2024 at AED 1,774 per sqft, in line with what three-beds in Balqis Residence 2 were fetching at the time (AED 1,749). Over the last 12 months three-beds sold for AED 4,999,900, around AED 2,112 per sqft, and rent for AED 225,000 to 500,000 a year. 1001's AED 430,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Aug 202626 August 2026 | 2,367 sqft | 4,999,900 | 2,112 | ||
| 16 Dec 202416 December 2024 | 2,392 sqft | 4,925,000 | 2,059 | ||
| 12 Dec 202412 December 2024 | 2,411 sqft | 7,050,000 | 2,924 | ||
| 9 Sep 20249 September 2024 | 2,938 sqft | 4,950,000 | 1,684 |
Balqis Residence 2
Building147 apartments, 2-bed to 5-bed over 11 floors in Palm Jumeirah, completed in 2019 by Balqis Residence. 7 sold in the last 12 months.
- Typical price per sqft
- AED 2,161
- Typical sale
- AED 5M
- Typical rent
- AED 231K /yr
- Typical yield
- 4.9%
Other units on the 10th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1003 | 4-bed | 6,382 sqft | AED 8.7MAED 8,700,000 · Apr 2013April 2013 | 285,000 /yr | |
| 1004 | 3-bed | 2,366 sqft | AED 2.9MAED 2,900,000 · Dec 2021December 2021 | 170,000 /yr | |
| 1005 | 2-bed | 1,887 sqft | AED 4.7MAED 4,699,555 · Dec 2009December 2009 | ||
| 1006 | 2-bed | 1,966 sqft | AED 2.53MAED 2,525,000 · Jul 2021July 2021 | 230,000 /yr | |
| 1007 | 2-bed | 1,886 sqft | AED 2.9MAED 2,900,000 · Mar 2023March 2023 | 320,000 /yr | |
| 1008 | 2-bed | 1,897 sqft | AED 5.5MAED 5,500,000 · Oct 2009October 2009 | 115,000 /yr | |
| 1009 | 2-bed | 1,967 sqft | AED 1.6MAED 1,600,000 · Feb 2021February 2021 | 620,000 /yr | |
| 1010 | 2-bed | 1,925 sqft | AED 2MAED 2,000,000 · Nov 2020November 2020 | ||
| 1011 | 3-bed | 2,393 sqft | AED 4.1MAED 4,100,000 · Oct 2022October 2022 | 140,000 /yr | |
| 1012 | 3-bed | 6,709 sqft | AED 17.5MAED 17,500,000 · May 2024May 2024 | 295,000 /yr | |
| 1013 | 2-bed | 1,930 sqft | AED 4.3MAED 4,300,000 · Sep 2025September 2025 | 214,303 /yr | |
| 1014 | 3-bed | 2,369 sqft | AED 5.15MAED 5,150,000 · Apr 2024April 2024 | 350,000 /yr |
1001, Balqis Residence 2 in numbers
- Sold twice: first on 15 October 2009 for AED 4,765,000, last on 12 March 2024 for AED 4,200,000 (AED 1,774 per sqft).
- Rented since January 2021 on 5 Ejari contracts, from AED 150,000 to AED 430,000 a year.
- At AED 430,000 a year the gross yield on the 2024 price is 10.2%, before a service charge of about AED 42,200 a year (AED 17.81 per sqft).
- Three-beds in Balqis Residence 2 sold for AED 4,999,900–4,999,900 in the 12 months to November 2026; the building's median across all types is AED 2,161 per sqft.
Source: Dubai Land Department. Updated 25 August 2025.
Questions about 1001, Balqis Residence 2
What did unit 1001 last sell for?
AED 4,200,000 on 12 March 2024: AED 1,774 per sqft for 2,368 sqft. The unit has 2 registered sales; the first was AED 4,765,000 in October 2009.
What is the rent for unit 1001?
AED 430,000 a year on the contract signed on 25 August 2025. The previous contract, from January 2024, was AED 190,575; the unit has been rented since January 2021.
How big is unit 1001?
2,368 sqft (220.0 sqm): a three-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Balqis Residence 2 sold for AED 4,999,900 to 4,999,900 in the last 12 months, around AED 2,112 per sqft.
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Mortgage on 1001, Balqis Residence 2
Starts from the last sale price (AED 4.2M, 12 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,200,000
- Deposit, UAE resident (20%)
- AED 840,000
- Deposit, non-resident (40%)
- AED 1,680,000
- Monthly over 25 years at 3.7%
- AED 17,184
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →