2-bed · 1,949 sqftBalqis Residence 2, Palm Jumeirah · 5th floor · completed 2019

514, Balqis Residence 2

Sold prices and rental history: sold once, by the developer in August 2009, 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 514 · DLD and Ejari recordsUpdated 16 August 2009

Last soldAED 3.55M16 August 2009

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Today's valuefree after one verification

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Property timeline for 514, Balqis Residence 2

Today

What is 514 worth today?

Last sold for AED 3,550,000 in 2009

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16 Aug 2009

16 Aug 2009Sold by developerOff-plan

AED 3,550,000AED 1,821 per sqft

Source: Dubai Land Department. Updated 16 August 2009.

Key facts

Type: 2-bed apartment
Size: 1,949 sqft
Floor: 5th of 11
Parking: B-281
Developer: Balqis Residence
Completed: 2019
Service charge: AED 34,700 /yr
Last sold: AED 3.55M · August 2009
Building: Balqis Residence 2

About 514, Balqis Residence 2

514 is a two-bedroom apartment of 1,949 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 3,550,000, or AED 1,821 per sqft, 5% above the AED 1,735 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 514 over time

Sales

Unit 514, each saleTypical two-bed in Balqis Residence 2

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

Rents

Unit 514, 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 514 sits

All 83 2-beds →

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

514 last sold in August 2009 at AED 1,821 per sqft, 5% above 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.

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 5th floor

All 147 units in Balqis Residence 2


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
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
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

1–7 of 15

514, Balqis Residence 2 in numbers

Sold once: by Balqis Residence on 16 August 2009 for AED 3,550,000, or AED 1,821 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 16 August 2009.

Questions about 514, Balqis Residence 2

What did unit 514 last sell for?

AED 3,550,000 on 16 August 2009, sold by the developer: AED 1,821 per sqft for 1,949 sqft. It is the only registered sale of the unit.

How big is unit 514?

1,949 sqft (181.1 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.

What is unit 514 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 514, Balqis Residence 2

Starts from the last sale price (AED 3.55M, 16 August 2009). Switch to today's estimate once you have unlocked it.

Price: AED 3,550,000
Deposit, UAE resident (20%): AED 710,000
Deposit, non-resident (40%): AED 1,420,000
Monthly over 25 years at 3.7%: AED 14,524

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