701, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in May 2011, 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 701, Balqis Residence 2
What is 701 worth today?
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Source: Dubai Land Department. Updated 29 March 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,512 sqft
- Floor
- 7th of 11
- Parking
- B-42
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 44,700 /yr
- Last sold
- AED 4.5M · May 2011
- Building
- Balqis Residence 2
About 701, Balqis Residence 2
701 is a three-bedroom apartment of 2,512 sqft on the 7th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 23 May 2011 for AED 4,500,000, or AED 1,791 per sqft.
It has been rented continuously since 2019 on 9 Ejari contracts. The current contract, signed on 29 March 2026, is AED 275,000 a year: a gross yield of 6.1% on the 2011 price, before the service charge of about AED 44,700 a year.
Sales and rents for 701 over time
701 has sold once; 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 701 sits
All 54 3-beds →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. 701's AED 275,000 is in the lower half 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 234K /yr
- Typical yield
- 4.9%
Other units on the 7th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,979 sqft | AED 3.09MAED 3,092,720 · Feb 2013February 2013 | 200,000 /yr | |
| 703 | 2-bed | 2,005 sqft | AED 3.73MAED 3,730,000 · Jun 2022June 2022 | 140,000 /yr | |
| 704 | 3-bed | 2,367 sqft | AED 5MAED 4,999,900 · Aug 2026August 2026 | 224,063 /yr | |
| 705 | 3-bed | 2,365 sqft | AED 4.5MAED 4,500,000 · Apr 2023April 2023 | 250,000 /yr | |
| 706 | 2-bed | 1,958 sqft | AED 3.66MAED 3,660,000 · Aug 2009August 2009 | 210,000 /yr | |
| 707 | 2-bed | 1,965 sqft | AED 3.65MAED 3,650,000 · May 2024May 2024 | 165,374 /yr | |
| 708 | 2-bed | 2,132 sqft | AED 1.74MAED 1,740,000 · Apr 2021April 2021 | 205,000 /yr | |
| 709 | 2-bed | 2,151 sqft | AED 3.75MAED 3,750,000 · Jun 2024June 2024 | ||
| 710 | 2-bed | 1,965 sqft | AED 4.7MAED 4,700,000 · Dec 2025December 2025 | 210,000 /yr | |
| 711 | 2-bed | 1,924 sqft | AED 3.66MAED 3,660,000 · Aug 2009August 2009 | 210,000 /yr | |
| 712 | 3-bed | 2,392 sqft | AED 4.93MAED 4,925,000 · Dec 2024December 2024 | 165,000 /yr | |
| 713 | 3-bed | 2,911 sqft | AED 5.31MAED 5,305,000 · Aug 2009August 2009 | ||
| 714 | 2-bed | 1,948 sqft | AED 3.48MAED 3,475,000 · Apr 2024April 2024 | 340,000 /yr | |
| 715 | 2-bed | 1,928 sqft | AED 3.66MAED 3,660,000 · Aug 2009August 2009 | 230,000 /yr | |
| 716 | 3-bed | 2,511 sqft | AED 2.05MAED 2,050,000 · Jul 2020July 2020 | 270,000 /yr |
701, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 23 May 2011 for AED 4,500,000, or AED 1,791 per sqft.
- Rented since September 2019 on 9 Ejari contracts, from AED 150,000 to AED 275,000 a year.
- At AED 275,000 a year the gross yield on the 2011 price is 6.1%, before a service charge of about AED 44,700 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 29 March 2026.
Questions about 701, Balqis Residence 2
What did unit 701 last sell for?
AED 4,500,000 on 23 May 2011, sold by the developer: AED 1,791 per sqft for 2,512 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 275,000 a year on the contract signed on 29 March 2026. The previous contract, from April 2025, was AED 390,000; the unit has been rented since September 2019.
How big is unit 701?
2,512 sqft (233.4 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 701 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 701, Balqis Residence 2
Starts from the last sale price (AED 4.5M, 23 May 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →