712, Balqis Residence 2
Sold prices and rental history: sold twice, last in December 2024, 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 712, Balqis Residence 2
What is 712 worth today?
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Source: Dubai Land Department. Updated 16 December 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,392 sqft
- Floor
- 7th of 11
- Parking
- B-46
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,600 /yr
- Last sold
- AED 4.93M · December 2024
- Building
- Balqis Residence 2
About 712, Balqis Residence 2
712 is a three-bedroom apartment of 2,392 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 16 December 2024 for AED 4,925,000, or AED 2,059 per sqft, 10% above the AED 1,875 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 5 October 2023, is AED 165,000 a year: a gross yield of 3.4% on the 2024 price, before the service charge of about AED 42,600 a year.
Sales and rents for 712 over time
712 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 712 sits
All 54 3-beds →712 last sold in December 2024 at AED 2,059 per sqft, 10% above what three-beds in Balqis Residence 2 were fetching at the time (AED 1,875). 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. 712's AED 165,000 is at the bottom 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 | ||
| 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 | |
| 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 | |
| 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 |
712, Balqis Residence 2 in numbers
- Sold twice: first on 16 August 2009 for AED 4,440,000, last on 16 December 2024 for AED 4,925,000 (AED 2,059 per sqft).
- Rented since September 2019 on 4 Ejari contracts, from AED 135,000 to AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2024 price is 3.4%, before a service charge of about AED 42,600 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 16 December 2024.
Questions about 712, Balqis Residence 2
What did unit 712 last sell for?
AED 4,925,000 on 16 December 2024: AED 2,059 per sqft for 2,392 sqft. The unit has 2 registered sales; the first was AED 4,440,000 in August 2009.
What is the rent for unit 712?
AED 165,000 a year on the contract renewed on 5 October 2023. The previous contract, from October 2022, was AED 165,000; the unit has been rented since September 2019.
How big is unit 712?
2,392 sqft (222.2 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 712 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 712, Balqis Residence 2
Starts from the last sale price (AED 4.93M, 16 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,925,000
- Deposit, UAE resident (20%)
- AED 985,000
- Deposit, non-resident (40%)
- AED 1,970,000
- Monthly over 25 years at 3.7%
- AED 20,150
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →