312, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in June 2012, 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 312, Balqis Residence 2
What is 312 worth today?
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Source: Dubai Land Department. Updated 1 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,196 sqft
- Floor
- 3rd of 11
- Parking
- B-303
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 39,100 /yr
- Last sold
- AED 2.75M · June 2012
- Building
- Balqis Residence 2
About 312, Balqis Residence 2
312 is a two-bedroom apartment of 2,196 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 19 June 2012 for AED 2,750,000, or AED 1,252 per sqft, in line with the AED 1,247 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 1 February 2025, is AED 205,000 a year: a gross yield of 7.4% on the 2012 price, before the service charge of about AED 39,100 a year.
Sales and rents for 312 over time
312 has sold once; 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 312 sits
All 83 2-beds →312 last sold in June 2012 at AED 1,252 per sqft, in line with what two-beds in Balqis Residence 2 were fetching at the time (AED 1,247). 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. 312's AED 205,000 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 | |
| 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 | |
| 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 |
312, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 19 June 2012 for AED 2,750,000, or AED 1,252 per sqft.
- Rented since June 2019 on 7 Ejari contracts, from AED 115,000 to AED 205,000 a year.
- At AED 205,000 a year the gross yield on the 2012 price is 7.4%, before a service charge of about AED 39,100 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 1 February 2025.
Questions about 312, Balqis Residence 2
What did unit 312 last sell for?
AED 2,750,000 on 19 June 2012, sold by the developer: AED 1,252 per sqft for 2,196 sqft. It is the only registered sale of the unit.
What is the rent for unit 312?
AED 205,000 a year on the contract renewed on 1 February 2025. The previous contract, from February 2025, was AED 205,000; the unit has been rented since June 2019.
How big is unit 312?
2,196 sqft (204.0 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.
What is unit 312 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 312, Balqis Residence 2
Starts from the last sale price (AED 2.75M, 19 June 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,750,000
- Deposit, UAE resident (20%)
- AED 550,000
- Deposit, non-resident (40%)
- AED 1,100,000
- Monthly over 25 years at 3.7%
- AED 11,251
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →