2-bed · 1,963 sqftBalqis Residence 2, Palm Jumeirah · 4th floor · completed 2019

407, Balqis Residence 2

Sold prices and rental history: sold twice, last in August 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 407 · DLD and Ejari recordsUpdated 14 August 2019

Last soldAED 1.8M14 August 2019

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 407, Balqis Residence 2

Today

What is 407 worth today?

Last sold for AED 1,800,000 in 2019

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14 Aug 2019

14 Aug 2019SoldOff-plan

AED 1,800,000AED 916 per sqft

21 Feb 2013

21 Feb 2013Sold by developerOff-plan

AED 3,835,000AED 1,953 per sqft

Source: Dubai Land Department. Updated 14 August 2019.

Key facts

Type: 2-bed apartment
Size: 1,963 sqft
Floor: 4th of 11
Parking: B-298 , B-64
Developer: Balqis Residence
Completed: 2019
Service charge: AED 35,000 /yr
Last sold: AED 1.8M · August 2019
Building: Balqis Residence 2

About 407, Balqis Residence 2

407 is a two-bedroom apartment of 1,963 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 14 August 2019 for AED 1,800,000, or AED 916 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 407 over time

Sales

Unit 407, each saleTypical two-bed in Balqis Residence 2

407 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 407, each contractTypical two-bed in Balqis Residence 2

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 407 sits

All 83 2-beds →

2-beds in Balqis Residence 2 · last 12 months2,264 /sqft Balqis Residence 2 · all types2,161 /sqft

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.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

6 2-bed sales in the last 12 months

Balqis Residence 2

Building

147 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%

Balqis Residence 2, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 147 units in Balqis Residence 2


401	3-bed	2,756 sqft	AED 4.32MAED 4,315,000 · Aug 2009August 2009
402	2-bed	2,129 sqft	AED 1.44MAED 1,437,500 · Apr 2022April 2022	121,000 /yr
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
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

1–7 of 15

407, Balqis Residence 2 in numbers

Sold twice: first on 21 February 2013 for AED 3,835,000, last on 14 August 2019 for AED 1,800,000 (AED 916 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 14 August 2019.

Questions about 407, Balqis Residence 2

What did unit 407 last sell for?

AED 1,800,000 on 14 August 2019: AED 916 per sqft for 1,963 sqft. The unit has 2 registered sales; the first was AED 3,835,000 in February 2013.

How big is unit 407?

1,963 sqft (182.4 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.

What is unit 407 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 407, Balqis Residence 2

Starts from the last sale price (AED 1.8M, 14 August 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,800,000
Deposit, UAE resident (20%): AED 360,000
Deposit, non-resident (40%): AED 720,000
Monthly over 25 years at 3.7%: AED 7,364

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →