302, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 302, Balqis Residence 2
What is 302 worth today?
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Source: Dubai Land Department. Updated 7 November 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,368 sqft
- Floor
- 3rd of 11
- Parking
- B-219
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,200 /yr
- Last sold
- AED 4.5M · August 2009
- Building
- Balqis Residence 2
About 302, Balqis Residence 2
302 is a three-bedroom apartment of 2,368 sqft on the 3rd 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 4,500,000, or AED 1,900 per sqft, in line with the AED 1,900 three-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 7 November 2025, is AED 240,000 a year: a gross yield of 5.3% on the 2009 price, before the service charge of about AED 42,200 a year.
Sales and rents for 302 over time
302 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 302 sits
All 54 3-beds →302 last sold in August 2009 at AED 1,900 per sqft, in line with 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. 302's AED 240,000 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 3rd floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 3-bed | 2,817 sqft | AED 2.1MAED 2,100,000 · Jan 2023January 2023 | ||
| 303 | 3-bed | 2,357 sqft | AED 2.17MAED 2,170,000 · Feb 2021February 2021 | 210,000 /yr | |
| 304 | 2-bed | 2,184 sqft | AED 2.65MAED 2,646,576 · Jun 2022June 2022 | 100,000 /yr | |
| 305 | 2-bed | 2,112 sqft | AED 3.4MAED 3,400,000 · Sep 2023September 2023 | ||
| 306 | 2-bed | 2,409 sqft | AED 4.3MAED 4,300,000 · Sep 2025September 2025 | 150,766 /yr | |
| 307 | 2-bed | 2,516 sqft | AED 3.46MAED 3,460,000 · Aug 2009August 2009 | 185,000 /yr | |
| 308 | 2-bed | 2,092 sqft | AED 3.05MAED 3,050,000 · Feb 2024February 2024 | 230,000 /yr | |
| 309 | 2-bed | 2,025 sqft | AED 1.7MAED 1,700,000 · Nov 2019November 2019 | 216,000 /yr | |
| 310 | 3-bed | 2,413 sqft | AED 4.68MAED 4,675,000 · Aug 2009August 2009 | 242,250 /yr | |
| 311 | 3-bed | 2,970 sqft | AED 1.7MAED 1,700,000 · Nov 2020November 2020 | 302,000 /yr | |
| 312 | 2-bed | 2,196 sqft | AED 2.75MAED 2,750,000 · Jun 2012June 2012 | 205,000 /yr | |
| 313 | 2-bed | 2,167 sqft | AED 2.77MAED 2,765,000 · Mar 2022March 2022 | 200,000 /yr | |
| 314 | 3-bed | 2,815 sqft | AED 4.9MAED 4,900,000 · Dec 2011December 2011 | 230,000 /yr |
302, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 4,500,000, or AED 1,900 per sqft.
- Rented since July 2023 on 4 Ejari contracts, from AED 270,000 to AED 240,000 a year.
- At AED 240,000 a year the gross yield on the 2009 price is 5.3%, before a service charge of about AED 42,200 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 302, Balqis Residence 2
What did unit 302 last sell for?
AED 4,500,000 on 13 August 2009, sold by the developer: AED 1,900 per sqft for 2,368 sqft. It is the only registered sale of the unit.
What is the rent for unit 302?
AED 240,000 a year on the contract renewed on 7 November 2025. The previous contract, from November 2025, was AED 260,000; the unit has been rented since July 2023.
How big is unit 302?
2,368 sqft (220.0 sqm): a three-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 302 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 302, Balqis Residence 2
Starts from the last sale price (AED 4.5M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →