309, Balqis Residence 2
Sold prices and rental history: sold twice, last in November 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 309, Balqis Residence 2
What is 309 worth today?
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Source: Dubai Land Department. Updated 18 April 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,025 sqft
- Floor
- 3rd of 11
- Parking
- B-304
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 36,100 /yr
- Last sold
- AED 1.7M · November 2019
- Building
- Balqis Residence 2
About 309, Balqis Residence 2
309 is a two-bedroom apartment of 2,025 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 18 November 2019 for AED 1,700,000, or AED 839 per sqft, in line with the AED 839 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 18 April 2023, is AED 216,000 a year: a gross yield of 12.7% on the 2019 price, before the service charge of about AED 36,100 a year.
Sales and rents for 309 over time
309 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 309 sits
All 83 2-beds →309 last sold in November 2019 at AED 839 per sqft, in line with what two-beds in Balqis Residence 2 were fetching at the time (AED 839). 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. 309's AED 216,000 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 | |
| 308 | 2-bed | 2,092 sqft | AED 3.05MAED 3,050,000 · Feb 2024February 2024 | 230,000 /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 |
309, Balqis Residence 2 in numbers
- Sold twice: first on 16 August 2009 for AED 3,460,000, last on 18 November 2019 for AED 1,700,000 (AED 839 per sqft).
- Rented since April 2022 on 2 Ejari contracts, at AED 216,000 a year.
- At AED 216,000 a year the gross yield on the 2019 price is 12.7%, before a service charge of about AED 36,100 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 18 April 2023.
Questions about 309, Balqis Residence 2
What did unit 309 last sell for?
AED 1,700,000 on 18 November 2019: AED 839 per sqft for 2,025 sqft. The unit has 2 registered sales; the first was AED 3,460,000 in August 2009.
What is the rent for unit 309?
AED 216,000 a year on the contract renewed on 18 April 2023. The previous contract, from April 2022, was AED 216,000.
How big is unit 309?
2,025 sqft (188.1 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 309 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 309, Balqis Residence 2
Starts from the last sale price (AED 1.7M, 18 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →