1011, Balqis Residence 2
Sold prices and rental history: sold 3 times, last in October 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1011, Balqis Residence 2
What is 1011 worth today?
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Source: Dubai Land Department. Updated 21 October 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 2,393 sqft
- Floor
- 10th of 11
- Parking
- B-125, B-124
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,600 /yr
- Last sold
- AED 4.1M · October 2022
- Building
- Balqis Residence 2
About 1011, Balqis Residence 2
1011 is a three-bedroom apartment of 2,393 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 21 October 2022 for AED 4,100,000, or AED 1,713 per sqft, 18% above the AED 1,456 three-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 15 April 2022, is AED 140,000 a year: a gross yield of 3.4% on the 2022 price, before the service charge of about AED 42,600 a year.
Sales and rents for 1011 over time
1011 has sold 3 times; 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 1011 sits
All 54 3-beds →1011 last sold in October 2022 at AED 1,713 per sqft, 18% above what three-beds in Balqis Residence 2 were fetching at the time (AED 1,456). 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. 1011's AED 140,000 is at the bottom 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 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 | ||
| 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 |
1011, Balqis Residence 2 in numbers
- Sold 3 times: first on 8 July 2015 for AED 4,480,000, last on 21 October 2022 for AED 4,100,000 (AED 1,713 per sqft).
- Rented since December 2019 on 3 Ejari contracts, from AED 150,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2022 price is 3.4%, before a service charge of about AED 42,600 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 21 October 2022.
Questions about 1011, Balqis Residence 2
What did unit 1011 last sell for?
AED 4,100,000 on 21 October 2022: AED 1,713 per sqft for 2,393 sqft. The unit has 3 registered sales; the first was AED 4,480,000 in July 2015.
What is the rent for unit 1011?
AED 140,000 a year on the contract renewed on 15 April 2022. The previous contract, from March 2021, was AED 140,000; the unit has been rented since December 2019.
How big is unit 1011?
2,393 sqft (222.3 sqm): a three-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1011 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 1011, Balqis Residence 2
Starts from the last sale price (AED 4.1M, 21 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 4,100,000
- Deposit, UAE resident (20%)
- AED 820,000
- Deposit, non-resident (40%)
- AED 1,640,000
- Monthly over 25 years at 3.7%
- AED 16,774
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →