1007, Balqis Residence 2
Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1007, Balqis Residence 2
What is 1007 worth today?
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Source: Dubai Land Department. Updated 1 April 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,886 sqft
- Floor
- 10th of 11
- Parking
- B-20
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 33,600 /yr
- Last sold
- AED 2.9M · March 2023
- Building
- Balqis Residence 2
About 1007, Balqis Residence 2
1007 is a two-bedroom apartment of 1,886 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 13 March 2023 for AED 2,900,000, or AED 1,537 per sqft, in line with the AED 1,539 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 April 2026, is AED 320,000 a year: a gross yield of 11.0% on the 2023 price, before the service charge of about AED 33,600 a year.
Sales and rents for 1007 over time
1007 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 2, and where 1007 sits
All 83 2-beds →1007 last sold in March 2023 at AED 1,537 per sqft, in line with what two-beds in Balqis Residence 2 were fetching at the time (AED 1,539). Over the last 12 months two-beds sold for AED 4,550,000 to 6,450,000, around AED 2,264 per sqft, and rent for AED 154,211 to 340,000 a year. 1007's AED 320,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 1,957 sqft | 6,450,000 | 3,296 | ||
| 10 Sep 202610 September 2026 | 3,728 sqft | 6,222,800 | 1,669 | ||
| 24 Feb 202624 February 2026 | 3,728 sqft | 6,430,265 | 1,725 | ||
| 16 Feb 202616 February 2026 | 2,267 sqft | 4,900,000 | 2,161 |
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 | |||||
|---|---|---|---|---|---|
| 1001 | 3-bed | 2,368 sqft | AED 4.2MAED 4,200,000 · Mar 2024March 2024 | 430,000 /yr | |
| 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 | |
| 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 |
1007, Balqis Residence 2 in numbers
- Sold twice: first on 22 September 2014 for AED 3,535,905, last on 13 March 2023 for AED 2,900,000 (AED 1,537 per sqft).
- Rented since September 2019 on 5 Ejari contracts, from AED 112,000 to AED 320,000 a year.
- At AED 320,000 a year the gross yield on the 2023 price is 11.0%, before a service charge of about AED 33,600 a year (AED 17.81 per sqft).
- Two-beds in Balqis Residence 2 sold for AED 4,550,000–6,450,000 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 1 April 2026.
Questions about 1007, Balqis Residence 2
What did unit 1007 last sell for?
AED 2,900,000 on 13 March 2023: AED 1,537 per sqft for 1,886 sqft. The unit has 2 registered sales; the first was AED 3,535,905 in September 2014.
What is the rent for unit 1007?
AED 320,000 a year on the contract signed on 1 April 2026. The previous contract, from July 2022, was AED 150,000; the unit has been rented since September 2019.
How big is unit 1007?
1,886 sqft (175.2 sqm): a two-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1007 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 2 sold for AED 4,550,000 to 6,450,000 in the last 12 months, around AED 2,264 per sqft.
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Mortgage on 1007, Balqis Residence 2
Starts from the last sale price (AED 2.9M, 13 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →