3-bed · 2,563 sqftBalqis Residence 2, Palm Jumeirah · 5th floor · completed 2019

516, 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 516 · DLD and Ejari recordsUpdated 13 August 2009

Last soldAED 4.39M13 August 2009

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Today's valuefree after one verification

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Property timeline for 516, Balqis Residence 2

Today

What is 516 worth today?

Last sold for AED 4,390,000 in 2009

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13 Aug 2009

13 Aug 2009Sold by developerOff-plan

AED 4,390,000AED 1,713 per sqft

Source: Dubai Land Department. Updated 13 August 2009.

Key facts

Type: 3-bed apartment
Size: 2,563 sqft
Floor: 5th of 11
Parking: B-53
Developer: Balqis Residence
Completed: 2019
Service charge: AED 45,600 /yr
Last sold: AED 4.39M · August 2009
Building: Balqis Residence 2

About 516, Balqis Residence 2

516 is a three-bedroom apartment of 2,563 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 4,390,000, or AED 1,713 per sqft, 10% below the AED 1,900 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 516 over time

Sales

Unit 516, each saleTypical three-bed in Balqis Residence 2

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

Rents

Unit 516, each contractTypical three-bed in Balqis Residence 2

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 516 sits

All 54 3-beds →

3-beds in Balqis Residence 2 · last 12 months2,112 /sqft Balqis Residence 2 · all types2,161 /sqft

516 last sold in August 2009 at AED 1,713 per sqft, 10% below what three-beds in Balqis Residence 2 were fetching at the time (AED 1,900). 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.

Recent 3-bed sales	Size	Price (AED)	Per sqft
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

1 3-bed sale 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
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

1–7 of 15

516, Balqis Residence 2 in numbers

Sold once: by Balqis Residence on 13 August 2009 for AED 4,390,000, or AED 1,713 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 13 August 2009.

Questions about 516, Balqis Residence 2

What did unit 516 last sell for?

AED 4,390,000 on 13 August 2009, sold by the developer: AED 1,713 per sqft for 2,563 sqft. It is the only registered sale of the unit.

How big is unit 516?

2,563 sqft (238.1 sqm): a three-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.

What is unit 516 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 516, Balqis Residence 2

Starts from the last sale price (AED 4.39M, 13 August 2009). Switch to today's estimate once you have unlocked it.

Price: AED 4,390,000
Deposit, UAE resident (20%): AED 878,000
Deposit, non-resident (40%): AED 1,756,000
Monthly over 25 years at 3.7%: AED 17,961

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