311, Balqis Residence 2
Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 311, Balqis Residence 2
What is 311 worth today?
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Source: Dubai Land Department. Updated 30 July 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,970 sqft
- Floor
- 3rd of 11
- Parking
- B-213
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 52,900 /yr
- Last sold
- AED 1.7M · November 2020
- Building
- Balqis Residence 2
About 311, Balqis Residence 2
311 is a three-bedroom apartment of 2,970 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 24 November 2020 for AED 1,700,000, or AED 572 per sqft, 32% below the AED 839 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 30 July 2025, is AED 302,000 a year: a gross yield of 17.8% on the 2020 price, before the service charge of about AED 52,900 a year.
Sales and rents for 311 over time
311 has sold twice; 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 311 sits
All 54 3-beds →311 last sold in November 2020 at AED 572 per sqft, 32% below what three-beds in Balqis Residence 2 were fetching at the time (AED 839). 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. 311's AED 302,000 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 | ||
| 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 | |
| 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 | |
| 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 |
311, Balqis Residence 2 in numbers
- Sold twice: first on 13 August 2009 for AED 4,800,000, last on 24 November 2020 for AED 1,700,000 (AED 572 per sqft).
- Rented since March 2021 on 5 Ejari contracts, from AED 145,000 to AED 302,000 a year.
- At AED 302,000 a year the gross yield on the 2020 price is 17.8%, before a service charge of about AED 52,900 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 30 July 2025.
Questions about 311, Balqis Residence 2
What did unit 311 last sell for?
AED 1,700,000 on 24 November 2020: AED 572 per sqft for 2,970 sqft. The unit has 2 registered sales; the first was AED 4,800,000 in August 2009.
What is the rent for unit 311?
AED 302,000 a year on the contract renewed on 30 July 2025. The previous contract, from July 2024, was AED 302,000; the unit has been rented since March 2021.
How big is unit 311?
2,970 sqft (275.9 sqm): a three-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 311 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 311, Balqis Residence 2
Starts from the last sale price (AED 1.7M, 24 November 2020). 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 →