612, Balqis Residence 2
Sold prices and rental history: sold twice, last in May 2023, 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 612, Balqis Residence 2
What is 612 worth today?
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Source: Dubai Land Department. Updated 16 May 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,392 sqft
- Floor
- 6th of 11
- Parking
- B-36
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,600 /yr
- Last sold
- AED 4.13M · May 2023
- Building
- Balqis Residence 2
About 612, Balqis Residence 2
612 is a three-bedroom apartment of 2,392 sqft on the 6th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 16 May 2023 for AED 4,125,000, or AED 1,724 per sqft, 26% above the AED 1,369 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 183,168 a year: a gross yield of 4.4% on the 2023 price, before the service charge of about AED 42,600 a year.
Sales and rents for 612 over time
612 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 612 sits
All 54 3-beds →612 last sold in May 2023 at AED 1,724 per sqft, 26% above what three-beds in Balqis Residence 2 were fetching at the time (AED 1,369). 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. 612's AED 183,168 is at the bottom 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 6th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 2,514 sqft | AED 4.6MAED 4,600,000 · Feb 2024February 2024 | 140,000 /yr | |
| 602 | 2-bed | 1,978 sqft | AED 4.95MAED 4,950,000 · Dec 2011December 2011 | 176,400 /yr | |
| 603 | 2-bed | 2,004 sqft | AED 3.1MAED 3,100,000 · Aug 2022August 2022 | 195,000 /yr | |
| 604 | 3-bed | 2,368 sqft | AED 4.87MAED 4,865,000 · Aug 2009August 2009 | 260,000 /yr | |
| 605 | 3-bed | 2,368 sqft | AED 3.49MAED 3,485,000 · Feb 2013February 2013 | 225,000 /yr | |
| 606 | 2-bed | 1,957 sqft | AED 6.45MAED 6,450,000 · Oct 2026October 2026 | 240,000 /yr | |
| 607 | 2-bed | 1,965 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | ||
| 608 | 2-bed | 2,138 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | ||
| 609 | 2-bed | 2,193 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | ||
| 610 | 2-bed | 1,966 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | ||
| 611 | 2-bed | 1,924 sqft | AED 2.6MAED 2,600,000 · Jun 2021June 2021 | ||
| 613 | 3-bed | 2,933 sqft | AED 4.6MAED 4,600,000 · May 2023May 2023 | 442,500 /yr | |
| 614 | 2-bed | 1,950 sqft | AED 4.05MAED 4,050,000 · Oct 2024October 2024 | 137,775 /yr | |
| 615 | 2-bed | 1,929 sqft | AED 2.75MAED 2,750,000 · Dec 2021December 2021 | 250,000 /yr | |
| 616 | 3-bed | 2,514 sqft | AED 4.77MAED 4,765,000 · Aug 2009August 2009 | 231,000 /yr |
612, Balqis Residence 2 in numbers
- Sold twice: first on 16 August 2009 for AED 4,365,000, last on 16 May 2023 for AED 4,125,000 (AED 1,724 per sqft).
- Rented since June 2019 on 4 Ejari contracts, from AED 155,418 to AED 183,168 a year.
- At AED 183,168 a year the gross yield on the 2023 price is 4.4%, before a service charge of about AED 42,600 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 16 May 2023.
Questions about 612, Balqis Residence 2
What did unit 612 last sell for?
AED 4,125,000 on 16 May 2023: AED 1,724 per sqft for 2,392 sqft. The unit has 2 registered sales; the first was AED 4,365,000 in August 2009.
What is the rent for unit 612?
AED 183,168 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 184,000; the unit has been rented since June 2019.
How big is unit 612?
2,392 sqft (222.2 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 612 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 612, Balqis Residence 2
Starts from the last sale price (AED 4.13M, 16 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,125,000
- Deposit, UAE resident (20%)
- AED 825,000
- Deposit, non-resident (40%)
- AED 1,650,000
- Monthly over 25 years at 3.7%
- AED 16,877
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →