308, Balqis Residence 2
Sold prices and rental history: sold twice, last in February 2024, 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 308, Balqis Residence 2
What is 308 worth today?
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Source: Dubai Land Department. Updated 21 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,092 sqft
- Floor
- 3rd of 11
- Parking
- B-305
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 37,300 /yr
- Last sold
- AED 3.05M · February 2024
- Building
- Balqis Residence 2
About 308, Balqis Residence 2
308 is a two-bedroom apartment of 2,092 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 5 February 2024 for AED 3,050,000, or AED 1,457 per sqft, in line with the AED 1,473 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 21 October 2025, is AED 230,000 a year: a gross yield of 7.5% on the 2024 price, before the service charge of about AED 37,300 a year.
Sales and rents for 308 over time
308 has sold twice; 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 308 sits
All 83 2-beds →308 last sold in February 2024 at AED 1,457 per sqft, in line with what two-beds in Balqis Residence 2 were fetching at the time (AED 1,473). 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. 308's AED 230,000 is in the lower half 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 | |
| 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 | |
| 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 |
308, Balqis Residence 2 in numbers
- Sold twice: first on 13 August 2009 for AED 3,460,000, last on 5 February 2024 for AED 3,050,000 (AED 1,457 per sqft).
- Rented since July 2019 on 6 Ejari contracts. The rent fell from AED 110,000 to AED 90,000 in 2021 and recovered to AED 230,000 by October 2025.
- At AED 230,000 a year the gross yield on the 2024 price is 7.5%, before a service charge of about AED 37,300 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 21 October 2025.
Questions about 308, Balqis Residence 2
What did unit 308 last sell for?
AED 3,050,000 on 5 February 2024: AED 1,457 per sqft for 2,092 sqft. The unit has 2 registered sales; the first was AED 3,460,000 in August 2009.
What is the rent for unit 308?
AED 230,000 a year on the contract renewed on 21 October 2025. The previous contract, from October 2024, was AED 230,000; the unit has been rented since July 2019.
How big is unit 308?
2,092 sqft (194.4 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 308 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 308, Balqis Residence 2
Starts from the last sale price (AED 3.05M, 5 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,050,000
- Deposit, UAE resident (20%)
- AED 610,000
- Deposit, non-resident (40%)
- AED 1,220,000
- Monthly over 25 years at 3.7%
- AED 12,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →