702, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in February 2013, 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 702, Balqis Residence 2
What is 702 worth today?
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Source: Dubai Land Department. Updated 1 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,979 sqft
- Floor
- 7th of 11
- Parking
- B-279
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,200 /yr
- Last sold
- AED 3.09M · February 2013
- Building
- Balqis Residence 2
About 702, Balqis Residence 2
702 is a two-bedroom apartment of 1,979 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 21 February 2013 for AED 3,092,720, or AED 1,562 per sqft, 14% above the AED 1,368 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 9 Ejari contracts. The current contract, signed on 1 January 2026, is AED 200,000 a year: a gross yield of 6.5% on the 2013 price, before the service charge of about AED 35,200 a year.
Sales and rents for 702 over time
702 has sold once; 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 702 sits
All 83 2-beds →702 last sold in February 2013 at AED 1,562 per sqft, 14% above what two-beds in Balqis Residence 2 were fetching at the time (AED 1,368). 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. 702's AED 200,000 is in the lower half 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 7th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 2,512 sqft | AED 4.5MAED 4,500,000 · May 2011May 2011 | 275,000 /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 |
702, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 21 February 2013 for AED 3,092,720, or AED 1,562 per sqft.
- Rented since May 2019 on 9 Ejari contracts. The rent fell from AED 130,000 to AED 105,000 in 2020 and recovered to AED 200,000 by January 2026.
- At AED 200,000 a year the gross yield on the 2013 price is 6.5%, before a service charge of about AED 35,200 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 1 January 2026.
Questions about 702, Balqis Residence 2
What did unit 702 last sell for?
AED 3,092,720 on 21 February 2013, sold by the developer: AED 1,562 per sqft for 1,979 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 200,000 a year on the contract signed on 1 January 2026. The previous contract, from January 2026, was AED 200,000; the unit has been rented since May 2019.
How big is unit 702?
1,979 sqft (183.9 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 702 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 702, Balqis Residence 2
Starts from the last sale price (AED 3.09M, 21 February 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 3,092,720
- Deposit, UAE resident (20%)
- AED 618,544
- Deposit, non-resident (40%)
- AED 1,237,088
- Monthly over 25 years at 3.7%
- AED 12,653
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →