1008, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in October 2009, and rented once, from August 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Balqis Residence 2
What is 1008 worth today?
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Source: Dubai Land Department. Updated 15 August 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,897 sqft
- Floor
- 10th of 11
- Parking
- B-21
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 33,800 /yr
- Last sold
- AED 5.5M · October 2009
- Building
- Balqis Residence 2
About 1008, Balqis Residence 2
1008 is a two-bedroom apartment of 1,897 sqft on the 10th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 15 October 2009 for AED 5,500,000, or AED 2,899 per sqft, 64% above the AED 1,773 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 August 2019. The current contract, signed on 15 August 2019, is AED 115,000 a year: a gross yield of 2.1% on the 2009 price, before the service charge of about AED 33,800 a year.
Sales and rents for 1008 over time
1008 has sold once; 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 1008 sits
All 83 2-beds →1008 last sold in October 2009 at AED 2,899 per sqft, 64% above what two-beds in Balqis Residence 2 were fetching at the time (AED 1,773). 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. 1008's AED 115,000 is at the bottom 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 | |
| 1007 | 2-bed | 1,886 sqft | AED 2.9MAED 2,900,000 · Mar 2023March 2023 | 320,000 /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 |
1008, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 15 October 2009 for AED 5,500,000, or AED 2,899 per sqft.
- Rented since August 2019 on one Ejari contract, at AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2009 price is 2.1%, before a service charge of about AED 33,800 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 15 August 2019.
Questions about 1008, Balqis Residence 2
What did unit 1008 last sell for?
AED 5,500,000 on 15 October 2009, sold by the developer: AED 2,899 per sqft for 1,897 sqft. It is the only registered sale of the unit.
What is the rent for unit 1008?
AED 115,000 a year on the contract signed on 15 August 2019.
How big is unit 1008?
1,897 sqft (176.2 sqm): a two-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1008 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 1008, Balqis Residence 2
Starts from the last sale price (AED 5.5M, 15 October 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 5,500,000
- Deposit, UAE resident (20%)
- AED 1,100,000
- Deposit, non-resident (40%)
- AED 2,200,000
- Monthly over 25 years at 3.7%
- AED 22,502
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →