704, Balqis Residence 2
Sold prices and rental history: sold twice, last in August 2026, 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 704, Balqis Residence 2
What is 704 worth today?
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Source: Dubai Land Department. Updated 26 August 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,367 sqft
- Floor
- 7th of 11
- Parking
- B-43
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,200 /yr
- Last sold
- AED 5M · August 2026
- Building
- Balqis Residence 2
About 704, Balqis Residence 2
704 is a three-bedroom apartment of 2,367 sqft on the 7th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 26 August 2026 for AED 4,999,900, or AED 2,112 per sqft.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 31 October 2025, is AED 224,063 a year: a gross yield of 4.5% on the 2026 price, before the service charge of about AED 42,200 a year.
Sales and rents for 704 over time
704 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 704 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. 704's AED 224,063 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 10 Jun 202410 June 2024 | 7,759 sqft | 14,550,000 | 1,875 |
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 | |
| 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 | |
| 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 |
704, Balqis Residence 2 in numbers
- Sold twice: first on 9 April 2013 for AED 4,775,000, last on 26 August 2026 for AED 4,999,900 (AED 2,112 per sqft).
- Rented since November 2019 on 7 Ejari contracts, from AED 140,000 to AED 224,063 a year.
- At AED 224,063 a year the gross yield on the 2026 price is 4.5%, before a service charge of about AED 42,200 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 26 August 2026.
Questions about 704, Balqis Residence 2
What did unit 704 last sell for?
AED 4,999,900 on 26 August 2026: AED 2,112 per sqft for 2,367 sqft. The unit has 2 registered sales; the first was AED 4,775,000 in April 2013.
What is the rent for unit 704?
AED 224,063 a year on the contract signed on 31 October 2025. The previous contract, from November 2024, was AED 213,393; the unit has been rented since November 2019.
How big is unit 704?
2,367 sqft (219.9 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 704 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 704, Balqis Residence 2
Starts from the last sale price (AED 5M, 26 August 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 4,999,900
- Deposit, UAE resident (20%)
- AED 999,980
- Deposit, non-resident (40%)
- AED 1,999,960
- Monthly over 25 years at 3.7%
- AED 20,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →