504, Balqis Residence 2
Sold prices and rental history: sold twice, last in May 2023, and rented once, from September 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 504, Balqis Residence 2
What is 504 worth today?
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Source: Dubai Land Department. Updated 23 September 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,366 sqft
- Floor
- 5th of 11
- Parking
- B-131
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,100 /yr
- Last sold
- AED 3.85M · May 2023
- Building
- Balqis Residence 2
About 504, Balqis Residence 2
504 is a three-bedroom apartment of 2,366 sqft on the 5th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 25 May 2023 for AED 3,850,000, or AED 1,627 per sqft, 4% above the AED 1,568 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 23 September 2024. The current contract, signed on 23 September 2024, is AED 350,000 a year: a gross yield of 9.1% on the 2023 price, before the service charge of about AED 42,100 a year.
Sales and rents for 504 over time
504 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 504 sits
All 54 3-beds →504 last sold in May 2023 at AED 1,627 per sqft, 4% above what three-beds in Balqis Residence 2 were fetching at the time (AED 1,568). 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. 504's AED 350,000 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 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 | |
| 503 | 2-bed | 2,000 sqft | AED 3.5MAED 3,500,000 · Aug 2009August 2009 | 200,000 /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 |
504, Balqis Residence 2 in numbers
- Sold twice: first on 17 August 2009 for AED 4,690,000, last on 25 May 2023 for AED 3,850,000 (AED 1,627 per sqft).
- Rented since September 2024 on one Ejari contract, at AED 350,000 a year.
- At AED 350,000 a year the gross yield on the 2023 price is 9.1%, before a service charge of about AED 42,100 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 23 September 2024.
Questions about 504, Balqis Residence 2
What did unit 504 last sell for?
AED 3,850,000 on 25 May 2023: AED 1,627 per sqft for 2,366 sqft. The unit has 2 registered sales; the first was AED 4,690,000 in August 2009.
What is the rent for unit 504?
AED 350,000 a year on the contract signed on 23 September 2024.
How big is unit 504?
2,366 sqft (219.8 sqm): a three-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 504 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 504, Balqis Residence 2
Starts from the last sale price (AED 3.85M, 25 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,850,000
- Deposit, UAE resident (20%)
- AED 770,000
- Deposit, non-resident (40%)
- AED 1,540,000
- Monthly over 25 years at 3.7%
- AED 15,752
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →