207, Balqis Residence 2
Sold prices and rental history: sold 3 times, last in June 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 207, Balqis Residence 2
What is 207 worth today?
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Source: Dubai Land Department. Updated 10 June 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 7,759 sqft
- Floor
- 2nd of 11
- Parking
- INTEGRATED
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 138,200 /yr
- Last sold
- AED 14.55M · June 2024
- Building
- Balqis Residence 2
About 207, Balqis Residence 2
207 is a three-bedroom apartment of 7,759 sqft on the 2nd floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 10 June 2024 for AED 14,550,000, or AED 1,875 per sqft, in line with the AED 1,924 three-beds in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 6 July 2021, is AED 220,000 a year: a gross yield of 1.5% on the 2024 price, before the service charge of about AED 138,200 a year.
Sales and rents for 207 over time
207 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 207 sits
All 54 3-beds →207 last sold in June 2024 at AED 1,875 per sqft, in line with what three-beds in Balqis Residence 2 were fetching at the time (AED 1,924). 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. 207's AED 220,000 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 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 | |
| 203 | 5-bed | 10,051 sqft | AED 12.2MAED 12,200,000 · Aug 2009August 2009 | 240,000 /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 | |
| 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 |
207, Balqis Residence 2 in numbers
- Sold 3 times: first on 13 August 2009 for AED 8,900,000, last on 10 June 2024 for AED 14,550,000 (AED 1,875 per sqft).
- Rented since July 2020 on 2 Ejari contracts, from AED 200,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2024 price is 1.5%, before a service charge of about AED 138,200 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 10 June 2024.
Questions about 207, Balqis Residence 2
What did unit 207 last sell for?
AED 14,550,000 on 10 June 2024: AED 1,875 per sqft for 7,759 sqft. The unit has 3 registered sales; the first was AED 8,900,000 in August 2009.
What is the rent for unit 207?
AED 220,000 a year on the contract signed on 6 July 2021. The previous contract, from July 2020, was AED 200,000.
How big is unit 207?
7,759 sqft (720.8 sqm): a three-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 207 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 207, Balqis Residence 2
Starts from the last sale price (AED 14.55M, 10 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 14,550,000
- Deposit, UAE resident (20%)
- AED 2,910,000
- Deposit, non-resident (40%)
- AED 5,820,000
- Monthly over 25 years at 3.7%
- AED 59,529
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →