503, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Balqis Residence 2
What is 503 worth today?
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Source: Dubai Land Department. Updated 15 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 2,000 sqft
- Floor
- 5th of 11
- Parking
- B-288
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,600 /yr
- Last sold
- AED 3.5M · August 2009
- Building
- Balqis Residence 2
About 503, Balqis Residence 2
503 is a two-bedroom apartment of 2,000 sqft on the 5th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 16 August 2009 for AED 3,500,000, or AED 1,750 per sqft, in line with the AED 1,735 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 6 Ejari contracts. The current contract, renewed on 15 May 2026, is AED 200,000 a year: a gross yield of 5.7% on the 2009 price, before the service charge of about AED 35,600 a year.
Sales and rents for 503 over time
503 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 503 sits
All 83 2-beds →503 last sold in August 2009 at AED 1,750 per sqft, in line with what two-beds in Balqis Residence 2 were fetching at the time (AED 1,735). 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. 503's AED 200,000 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 5th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,565 sqft | AED 4.39MAED 4,390,000 · Aug 2009August 2009 | ||
| 502 | 2-bed | 1,978 sqft | AED 3MAED 3,000,000 · May 2016May 2016 | 205,000 /yr | |
| 504 | 3-bed | 2,366 sqft | AED 3.85MAED 3,850,000 · May 2023May 2023 | 350,000 /yr | |
| 505 | 3-bed | 2,365 sqft | AED 4.59MAED 4,590,000 · Aug 2009August 2009 | ||
| 506 | 2-bed | 1,956 sqft | AED 3.56MAED 3,560,000 · Aug 2009August 2009 | 216,000 /yr | |
| 507 | 2-bed | 1,965 sqft | AED 3.36MAED 3,360,000 · Aug 2009August 2009 | ||
| 508 | 2-bed | 2,228 sqft | AED 3.36MAED 3,360,000 · Aug 2009August 2009 | 235,000 /yr | |
| 509 | 2-bed | 2,328 sqft | AED 3.36MAED 3,360,000 · Aug 2009August 2009 | ||
| 510 | 2-bed | 1,966 sqft | AED 3.36MAED 3,360,000 · Aug 2009August 2009 | ||
| 511 | 2-bed | 1,924 sqft | AED 3.56MAED 3,560,000 · Aug 2009August 2009 | 215,000 /yr | |
| 512 | 3-bed | 2,395 sqft | AED 4.49MAED 4,490,000 · Aug 2009August 2009 | ||
| 513 | 3-bed | 2,929 sqft | AED 5.5MAED 5,500,000 · Sep 2015September 2015 | 200,040 /yr | |
| 514 | 2-bed | 1,949 sqft | AED 3.55MAED 3,550,000 · Aug 2009August 2009 | ||
| 515 | 2-bed | 1,926 sqft | AED 3.56MAED 3,560,000 · Aug 2009August 2009 | 149,265 /yr | |
| 516 | 3-bed | 2,563 sqft | AED 4.39MAED 4,390,000 · Aug 2009August 2009 |
503, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 16 August 2009 for AED 3,500,000, or AED 1,750 per sqft.
- Rented since May 2023 on 6 Ejari contracts, from AED 125,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2009 price is 5.7%, before a service charge of about AED 35,600 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 15 May 2026.
Questions about 503, Balqis Residence 2
What did unit 503 last sell for?
AED 3,500,000 on 16 August 2009, sold by the developer: AED 1,750 per sqft for 2,000 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 200,000 a year on the contract renewed on 15 May 2026. The previous contract, from May 2025, was AED 200,000; the unit has been rented since May 2023.
How big is unit 503?
2,000 sqft (185.8 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 503 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 503, Balqis Residence 2
Starts from the last sale price (AED 3.5M, 16 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →