203, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 203, Balqis Residence 2
What is 203 worth today?
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Source: Dubai Land Department. Updated 1 October 2025.
Key facts
- Type
- 5-bed apartment
- Size
- 10,051 sqft
- Floor
- 2nd of 11
- Parking
- INTEGRATED
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 179,000 /yr
- Last sold
- AED 12.2M · August 2009
- Building
- Balqis Residence 2
About 203, Balqis Residence 2
203 is a five-bedroom apartment of 10,051 sqft on the 2nd floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 13 August 2009 for AED 12,200,000, or AED 1,213 per sqft.
It has been rented continuously since 2020 on 8 Ejari contracts. The current contract, signed on 1 October 2025, is AED 240,000 a year: a gross yield of 2.0% on the 2009 price, before the service charge of about AED 179,000 a year.
Sales and rents for 203 over time
Annual rent on each registered contract; the dashed line is the five-bed median of each year in the building.
5-beds in Balqis Residence 2, and where 203 sits
All 3 5-beds →| Recent 5-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Oct 202516 October 2025 | 10,179 sqft | 12,000,012 | 1,178 | ||
| 17 Jul 202517 July 2025 | 15,685 sqft | 28,500,000 | 1,817 | ||
| 17 Aug 202117 August 2021 | 15,685 sqft | 14,250,000 | 908 | ||
| 18 Mar 201318 March 2013 | 10,179 sqft | 11,800,000 | 1,159 |
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 2nd floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 3-bed | 3,047 sqft | AED 5.7MAED 5,700,000 · Sep 2022September 2022 | ||
| 202 | 5-bed | 10,179 sqft | AED 12MAED 12,000,012 · Oct 2025October 2025 | 500,000 /yr | |
| 204 | 4-bed | 8,702 sqft | AED 10.54MAED 10,542,280 · Nov 2022November 2022 | 480,000 /yr | |
| 205 | 4-bed | 8,460 sqft | AED 10.74MAED 10,736,040 · Nov 2022November 2022 | 450,000 /yr | |
| 206 | 3-bed | 8,686 sqft | AED 8.52MAED 8,516,469 · Oct 2021October 2021 | 520,000 /yr | |
| 207 | 3-bed | 7,759 sqft | AED 14.55MAED 14,550,000 · Jun 2024June 2024 | 220,000 /yr | |
| 208 | 2-bed | 2,507 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | 275,000 /yr | |
| 209 | 2-bed | 2,622 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | 125,000 /yr | |
| 210 | 2-bed | 2,213 sqft | AED 2.83MAED 2,830,000 · Mar 2023March 2023 | ||
| 211 | 2-bed | 2,180 sqft | AED 3.85MAED 3,850,000 · Oct 2025October 2025 | 126,500 /yr | |
| 212 | 3-bed | 2,569 sqft | AED 3.24MAED 3,237,080 · Nov 2022November 2022 | 295,000 /yr | |
| 213 | 3-bed | 2,938 sqft | AED 4.95MAED 4,950,000 · Sep 2024September 2024 | 295,000 /yr | |
| 214 | 2-bed | 2,267 sqft | AED 4.9MAED 4,900,000 · Feb 2026February 2026 | 115,000 /yr | |
| 215 | 2-bed | 2,220 sqft | AED 1.8MAED 1,800,000 · May 2021May 2021 | 190,000 /yr | |
| 216 | 3-bed | 3,042 sqft | AED 4.7MAED 4,700,000 · Aug 2009August 2009 | 300,000 /yr |
203, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 12,200,000, or AED 1,213 per sqft.
- Rented since August 2020 on 8 Ejari contracts. The rent fell from AED 240,000 to AED 110,000 in 2021 and recovered to AED 240,000 by October 2025.
- At AED 240,000 a year the gross yield on the 2009 price is 2.0%, before a service charge of about AED 179,000 a year (AED 17.81 per sqft).
Source: Dubai Land Department. Updated 1 October 2025.
Questions about 203, Balqis Residence 2
What did unit 203 last sell for?
AED 12,200,000 on 13 August 2009, sold by the developer: AED 1,213 per sqft for 10,051 sqft. It is the only registered sale of the unit.
What is the rent for unit 203?
AED 240,000 a year on the contract signed on 1 October 2025. The previous contract, from October 2024, was AED 240,000; the unit has been rented since August 2020.
How big is unit 203?
10,051 sqft (933.8 sqm): a five-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 203, Balqis Residence 2
Starts from the last sale price (AED 12.2M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 12,200,000
- Deposit, UAE resident (20%)
- AED 2,440,000
- Deposit, non-resident (40%)
- AED 4,880,000
- Monthly over 25 years at 3.7%
- AED 49,914
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →