708, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in April 2021, 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 708, Balqis Residence 2
What is 708 worth today?
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Source: Dubai Land Department. Updated 11 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 2,132 sqft
- Floor
- 7th of 11
- Parking
- B-275 B-258
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 38,000 /yr
- Last sold
- AED 1.74M · April 2021
- Building
- Balqis Residence 2
About 708, Balqis Residence 2
708 is a two-bedroom apartment of 2,132 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 April 2021 for AED 1,740,000, or AED 816 per sqft, in line with the AED 832 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 11 July 2026, is AED 205,000 a year: a gross yield of 11.8% on the 2021 price, before the service charge of about AED 38,000 a year.
Sales and rents for 708 over time
708 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 708 sits
All 83 2-beds →708 last sold in April 2021 at AED 816 per sqft, in line with what two-beds in Balqis Residence 2 were fetching at the time (AED 832). 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. 708's AED 205,000 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 | |
| 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 | |
| 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 |
708, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 21 April 2021 for AED 1,740,000, or AED 816 per sqft.
- Rented since November 2019 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 105,000 in 2020 and recovered to AED 205,000 by July 2026.
- At AED 205,000 a year the gross yield on the 2021 price is 11.8%, before a service charge of about AED 38,000 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 11 July 2026.
Questions about 708, Balqis Residence 2
What did unit 708 last sell for?
AED 1,740,000 on 21 April 2021, sold by the developer: AED 816 per sqft for 2,132 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 205,000 a year on the contract signed on 11 July 2026. The previous contract, from June 2025, was AED 210,000; the unit has been rented since November 2019.
How big is unit 708?
2,132 sqft (198.1 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 708 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 708, Balqis Residence 2
Starts from the last sale price (AED 1.74M, 21 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,740,000
- Deposit, UAE resident (20%)
- AED 348,000
- Deposit, non-resident (40%)
- AED 696,000
- Monthly over 25 years at 3.7%
- AED 7,119
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →