209, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 209, Balqis Residence 2
What is 209 worth today?
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Source: Dubai Land Department. Updated 5 March 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 2,622 sqft
- Floor
- 2nd of 11
- Parking
- G-58
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 46,700 /yr
- Last sold
- AED 3.41M · August 2009
- Building
- Balqis Residence 2
About 209, Balqis Residence 2
209 is a two-bedroom apartment of 2,622 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 17 August 2009 for AED 3,410,000, or AED 1,300 per sqft, 26% below the AED 1,748 two-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 5 March 2022, is AED 125,000 a year: a gross yield of 3.7% on the 2009 price, before the service charge of about AED 46,700 a year.
Sales and rents for 209 over time
209 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 209 sits
All 83 2-beds →209 last sold in August 2009 at AED 1,300 per sqft, 26% below what two-beds in Balqis Residence 2 were fetching at the time (AED 1,748). 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. 209's AED 125,000 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 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 | |
| 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 | |
| 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 |
209, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 17 August 2009 for AED 3,410,000, or AED 1,300 per sqft.
- Rented since March 2020 on 3 Ejari contracts, at AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2009 price is 3.7%, before a service charge of about AED 46,700 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 5 March 2022.
Questions about 209, Balqis Residence 2
What did unit 209 last sell for?
AED 3,410,000 on 17 August 2009, sold by the developer: AED 1,300 per sqft for 2,622 sqft. It is the only registered sale of the unit.
What is the rent for unit 209?
AED 125,000 a year on the contract renewed on 5 March 2022. The previous contract, from March 2021, was AED 125,000; the unit has been rented since March 2020.
How big is unit 209?
2,622 sqft (243.6 sqm): a two-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 209 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 209, Balqis Residence 2
Starts from the last sale price (AED 3.41M, 17 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 3,410,000
- Deposit, UAE resident (20%)
- AED 682,000
- Deposit, non-resident (40%)
- AED 1,364,000
- Monthly over 25 years at 3.7%
- AED 13,951
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →