216, 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 216, Balqis Residence 2
What is 216 worth today?
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Source: Dubai Land Department. Updated 7 November 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 3,042 sqft
- Floor
- 2nd of 11
- Parking
- B-265
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 54,200 /yr
- Last sold
- AED 4.7M · August 2009
- Building
- Balqis Residence 2
About 216, Balqis Residence 2
216 is a three-bedroom apartment of 3,042 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 4,700,000, or AED 1,545 per sqft, 19% below the AED 1,900 three-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 7 November 2025, is AED 300,000 a year: a gross yield of 6.4% on the 2009 price, before the service charge of about AED 54,200 a year.
Sales and rents for 216 over time
216 has sold once; 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 216 sits
All 54 3-beds →216 last sold in August 2009 at AED 1,545 per sqft, 19% below what three-beds in Balqis Residence 2 were fetching at the time (AED 1,900). 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. 216's AED 300,000 is in the lower half 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 | |
| 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, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 4,700,000, or AED 1,545 per sqft.
- Rented since February 2020 on 7 Ejari contracts. The rent fell from AED 180,000 to AED 140,000 in 2021 and recovered to AED 300,000 by November 2025.
- At AED 300,000 a year the gross yield on the 2009 price is 6.4%, before a service charge of about AED 54,200 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 7 November 2025.
Questions about 216, Balqis Residence 2
What did unit 216 last sell for?
AED 4,700,000 on 13 August 2009, sold by the developer: AED 1,545 per sqft for 3,042 sqft. It is the only registered sale of the unit.
What is the rent for unit 216?
AED 300,000 a year on the contract signed on 7 November 2025. The previous contract, from September 2024, was AED 290,000; the unit has been rented since February 2020.
How big is unit 216?
3,042 sqft (282.6 sqm): a three-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 216 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 216, Balqis Residence 2
Starts from the last sale price (AED 4.7M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 4,700,000
- Deposit, UAE resident (20%)
- AED 940,000
- Deposit, non-resident (40%)
- AED 1,880,000
- Monthly over 25 years at 3.7%
- AED 19,229
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →