2-bed · 2,138 sqftBalqis Residence 2, Palm Jumeirah · 6th floor · completed 2019

608, 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.

Unit 608 · DLD and Ejari recordsUpdated 13 August 2009
Last soldAED 3.41M13 August 2009
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 608, Balqis Residence 2

What is 608 worth today?

Last sold for AED 3,410,000 in 2009

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13 Aug 2009Sold by developerOff-plan
AED 3,410,000AED 1,594 per sqft

Source: Dubai Land Department. Updated 13 August 2009.

Key facts

Type
2-bed apartment
Size
2,138 sqft
Floor
6th of 11
Parking
B-251
Developer
Balqis Residence
Completed
2019
Service charge
AED 38,100 /yr
Last sold
AED 3.41M · August 2009

About 608, Balqis Residence 2

608 is a two-bedroom apartment of 2,138 sqft on the 6th 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 3,410,000, or AED 1,594 per sqft, 7% below the AED 1,709 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical two-bed in Balqis Residence 2
2.5M5M2009201420192024Typical sale price by year: 2009 AED 3,560,000; 2012 AED 2,750,000; 2013 AED 3,550,000; 2014 AED 3,535,905; 2016 AED 3,300,000; 2019 AED 1,700,000; 2020 AED 2,000,000; 2021 AED 1,850,000; 2022 AED 2,925,000; 2023 AED 3,142,500; 2024 AED 3,650,000; 2025 AED 4,375,000; 2026 AED 6,326,533Sold by developer, August 2009: AED 3,410,000 (AED 1,594 per sqft)

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

Rents
Unit 608, each contractTypical two-bed in Balqis Residence 2
100K150K200K20192021202320252027Typical rent by year: 2019 AED 120,000; 2020 AED 110,000; 2021 AED 121,000; 2022 AED 162,500; 2023 AED 209,000; 2024 AED 220,000; 2025 AED 220,000; 2026 AED 202,500

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 608 sits

All 83 2-beds →

608 last sold in August 2009 at AED 1,594 per sqft, 7% below 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.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20266,450,000
10 Sep 20266,222,800
24 Feb 20266,430,265
16 Feb 20264,900,000
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 6th floor

All 147 units in Balqis Residence 2
Value
6013-bedAED 4.6M · Feb 2024
6022-bedAED 4.95M · Dec 2011
6032-bedAED 3.1M · Aug 2022
6043-bedAED 4.87M · Aug 2009
6053-bedAED 3.49M · Feb 2013
6062-bedAED 6.45M · Oct 2026
6072-bedAED 3.41M · Aug 2009
1–7 of 15

608, Balqis Residence 2 in numbers

  • Sold once: by Balqis Residence on 13 August 2009 for AED 3,410,000, or AED 1,594 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 13 August 2009.

Questions about 608, Balqis Residence 2

What did unit 608 last sell for?

AED 3,410,000 on 13 August 2009, sold by the developer: AED 1,594 per sqft for 2,138 sqft. It is the only registered sale of the unit.

How big is unit 608?

2,138 sqft (198.6 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.

What is unit 608 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 608, Balqis Residence 2

Starts from the last sale price (AED 3.41M, 13 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 3,410,000
Deposit, UAE resident (20%)
AED 682,000
Deposit, non-resident (40%)
AED 1,364,000
Monthly over 25 years at 3.7%
AED 13,951

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