402, Balqis Residence 2
Sold prices and rental history: sold twice, last in April 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, Balqis Residence 2
What is 402 worth today?
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Source: Dubai Land Department. Updated 20 April 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 2,129 sqft
- Floor
- 4th of 11
- Parking
- B-301
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 37,900 /yr
- Last sold
- AED 1.44M · April 2022
- Building
- Balqis Residence 2
About 402, Balqis Residence 2
402 is a two-bedroom apartment of 2,129 sqft on the 4th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 20 April 2022 for AED 1,437,500, or AED 675 per sqft, 40% below the AED 1,121 two-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 31 October 2021, is AED 121,000 a year: a gross yield of 8.4% on the 2022 price, before the service charge of about AED 37,900 a year.
Sales and rents for 402 over time
402 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 402 sits
All 83 2-beds →402 last sold in April 2022 at AED 675 per sqft, 40% below what two-beds in Balqis Residence 2 were fetching at the time (AED 1,121). 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. 402's AED 121,000 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 4th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 2,756 sqft | AED 4.32MAED 4,315,000 · Aug 2009August 2009 | ||
| 403 | 2-bed | 2,094 sqft | AED 3.5MAED 3,500,000 · Feb 2024February 2024 | 120,000 /yr | |
| 404 | 3-bed | 2,366 sqft | AED 4.3MAED 4,300,000 · Aug 2009August 2009 | 280,000 /yr | |
| 405 | 3-bed | 2,367 sqft | AED 3.13MAED 3,125,000 · Feb 2013February 2013 | 240,000 /yr | |
| 406 | 2-bed | 1,955 sqft | AED 3.21MAED 3,210,000 · Aug 2009August 2009 | 154,211 /yr | |
| 407 | 2-bed | 1,963 sqft | AED 1.8MAED 1,800,000 · Aug 2019August 2019 | ||
| 408 | 2-bed | 2,363 sqft | AED 3.31MAED 3,310,000 · Aug 2009August 2009 | ||
| 409 | 2-bed | 2,463 sqft | AED 3.31MAED 3,310,000 · Aug 2009August 2009 | ||
| 410 | 2-bed | 1,967 sqft | AED 3.31MAED 3,310,000 · Aug 2009August 2009 | 120,000 /yr | |
| 411 | 2-bed | 1,922 sqft | AED 4.55MAED 4,550,000 · Nov 2025November 2025 | 230,000 /yr | |
| 412 | 3-bed | 2,411 sqft | AED 7.05MAED 7,050,000 · Dec 2024December 2024 | 500,000 /yr | |
| 413 | 3-bed | 2,950 sqft | AED 3.5MAED 3,500,000 · May 2016May 2016 | 229,425 /yr | |
| 414 | 2-bed | 2,002 sqft | AED 4.45MAED 4,450,000 · Oct 2025October 2025 | 240,647 /yr | |
| 415 | 2-bed | 2,005 sqft | AED 3.5MAED 3,500,000 · Aug 2009August 2009 | 175,000 /yr | |
| 416 | 3-bed | 2,754 sqft | AED 4.32MAED 4,315,000 · Aug 2009August 2009 |
402, Balqis Residence 2 in numbers
- Sold twice: first on 13 August 2009 for AED 3,500,000, last on 20 April 2022 for AED 1,437,500 (AED 675 per sqft).
- Rented since July 2020 on 3 Ejari contracts, from AED 110,000 to AED 121,000 a year.
- At AED 121,000 a year the gross yield on the 2022 price is 8.4%, before a service charge of about AED 37,900 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 20 April 2022.
Questions about 402, Balqis Residence 2
What did unit 402 last sell for?
AED 1,437,500 on 20 April 2022: AED 675 per sqft for 2,129 sqft. The unit has 2 registered sales; the first was AED 3,500,000 in August 2009.
What is the rent for unit 402?
AED 121,000 a year on the contract signed on 31 October 2021. The previous contract, from July 2021, was AED 121,000; the unit has been rented since July 2020.
How big is unit 402?
2,129 sqft (197.8 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 402 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 402, Balqis Residence 2
Starts from the last sale price (AED 1.44M, 20 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,437,500
- Deposit, UAE resident (20%)
- AED 287,500
- Deposit, non-resident (40%)
- AED 575,000
- Monthly over 25 years at 3.7%
- AED 5,881
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →