304, Balqis Residence 2
Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 304, Balqis Residence 2
What is 304 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,184 sqft
- Floor
- 3rd of 11
- Parking
- G-53
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 38,900 /yr
- Last sold
- AED 2.65M · June 2022
- Building
- Balqis Residence 2
About 304, Balqis Residence 2
304 is a two-bedroom apartment of 2,184 sqft on the 3rd floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 10 June 2022 for AED 2,646,576, or AED 1,211 per sqft, 5% below the AED 1,280 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 May 2024, is AED 100,000 a year: a gross yield of 3.8% on the 2022 price, before the service charge of about AED 38,900 a year.
Sales and rents for 304 over time
304 has sold 3 times; 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 304 sits
All 83 2-beds →304 last sold in June 2022 at AED 1,211 per sqft, 5% below what two-beds in Balqis Residence 2 were fetching at the time (AED 1,280). 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. 304's AED 100,000 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 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 | ||
| 302 | 3-bed | 2,368 sqft | AED 4.5MAED 4,500,000 · Aug 2009August 2009 | 240,000 /yr | |
| 303 | 3-bed | 2,357 sqft | AED 2.17MAED 2,170,000 · Feb 2021February 2021 | 210,000 /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 |
304, Balqis Residence 2 in numbers
- Sold 3 times: first on 16 August 2009 for AED 3,460,000, last on 10 June 2022 for AED 2,646,576 (AED 1,211 per sqft).
- Rented since July 2019 on 4 Ejari contracts, from AED 112,500 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2022 price is 3.8%, before a service charge of about AED 38,900 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 1 May 2024.
Questions about 304, Balqis Residence 2
What did unit 304 last sell for?
AED 2,646,576 on 10 June 2022: AED 1,211 per sqft for 2,184 sqft. The unit has 3 registered sales; the first was AED 3,460,000 in August 2009.
What is the rent for unit 304?
AED 100,000 a year on the contract signed on 1 May 2024. The previous contract, from July 2021, was AED 92,000; the unit has been rented since July 2019.
How big is unit 304?
2,184 sqft (202.9 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 304 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 304, Balqis Residence 2
Starts from the last sale price (AED 2.65M, 10 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,646,576
- Deposit, UAE resident (20%)
- AED 529,315
- Deposit, non-resident (40%)
- AED 1,058,630
- Monthly over 25 years at 3.7%
- AED 10,828
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →