515, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 515, Balqis Residence 2
What is 515 worth today?
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Source: Dubai Land Department. Updated 12 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,926 sqft
- Floor
- 5th of 11
- Parking
- B-280
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,300 /yr
- Last sold
- AED 3.56M · August 2009
- Building
- Balqis Residence 2
About 515, Balqis Residence 2
515 is a two-bedroom apartment of 1,926 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 13 August 2009 for AED 3,560,000, or AED 1,847 per sqft, 8% above the AED 1,709 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 12 July 2023, is AED 149,265 a year: a gross yield of 4.2% on the 2009 price, before the service charge of about AED 34,300 a year.
Sales and rents for 515 over time
515 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 515 sits
All 83 2-beds →515 last sold in August 2009 at AED 1,847 per sqft, 8% above what two-beds in Balqis Residence 2 were fetching at the time (AED 1,709). 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. 515's AED 149,265 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 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 | |
| 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 | ||
| 516 | 3-bed | 2,563 sqft | AED 4.39MAED 4,390,000 · Aug 2009August 2009 |
515, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 3,560,000, or AED 1,847 per sqft.
- Rented since June 2019 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 101,799 in 2020 and recovered to AED 149,265 by July 2023.
- At AED 149,265 a year the gross yield on the 2009 price is 4.2%, before a service charge of about AED 34,300 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 12 July 2023.
Questions about 515, Balqis Residence 2
What did unit 515 last sell for?
AED 3,560,000 on 13 August 2009, sold by the developer: AED 1,847 per sqft for 1,926 sqft. It is the only registered sale of the unit.
What is the rent for unit 515?
AED 149,265 a year on the contract renewed on 12 July 2023. The previous contract, from July 2022, was AED 135,000; the unit has been rented since June 2019.
How big is unit 515?
1,926 sqft (178.9 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 515 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 515, Balqis Residence 2
Starts from the last sale price (AED 3.56M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 3,560,000
- Deposit, UAE resident (20%)
- AED 712,000
- Deposit, non-resident (40%)
- AED 1,424,000
- Monthly over 25 years at 3.7%
- AED 14,565
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →