614, Balqis Residence 2
Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 614, Balqis Residence 2
What is 614 worth today?
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Source: Dubai Land Department. Updated 21 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,950 sqft
- Floor
- 6th of 11
- Parking
- B-68
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,700 /yr
- Last sold
- AED 4.05M · October 2024
- Building
- Balqis Residence 2
About 614, Balqis Residence 2
614 is a two-bedroom apartment of 1,950 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 21 October 2024 for AED 4,050,000, or AED 2,077 per sqft, 18% above the AED 1,763 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 137,775 a year: a gross yield of 3.4% on the 2024 price, before the service charge of about AED 34,700 a year.
Sales and rents for 614 over time
614 has sold twice; 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 614 sits
All 83 2-beds →614 last sold in October 2024 at AED 2,077 per sqft, 18% above what two-beds in Balqis Residence 2 were fetching at the time (AED 1,763). 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. 614's AED 137,775 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 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 | ||
| 612 | 3-bed | 2,392 sqft | AED 4.13MAED 4,125,000 · May 2023May 2023 | 183,168 /yr | |
| 613 | 3-bed | 2,933 sqft | AED 4.6MAED 4,600,000 · May 2023May 2023 | 442,500 /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 |
614, Balqis Residence 2 in numbers
- Sold twice: first on 13 August 2009 for AED 3,610,000, last on 21 October 2024 for AED 4,050,000 (AED 2,077 per sqft).
- Rented since October 2021 on 4 Ejari contracts, from AED 130,000 to AED 137,775 a year.
- At AED 137,775 a year the gross yield on the 2024 price is 3.4%, before a service charge of about AED 34,700 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 21 October 2024.
Questions about 614, Balqis Residence 2
What did unit 614 last sell for?
AED 4,050,000 on 21 October 2024: AED 2,077 per sqft for 1,950 sqft. The unit has 2 registered sales; the first was AED 3,610,000 in August 2009.
What is the rent for unit 614?
AED 137,775 a year on the contract renewed on 1 June 2024. The previous contract, from October 2023, was AED 136,840; the unit has been rented since October 2021.
How big is unit 614?
1,950 sqft (181.2 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 614 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 614, Balqis Residence 2
Starts from the last sale price (AED 4.05M, 21 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,050,000
- Deposit, UAE resident (20%)
- AED 810,000
- Deposit, non-resident (40%)
- AED 1,620,000
- Monthly over 25 years at 3.7%
- AED 16,570
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →