3-bed · 2,911 sqftBalqis Residence 2, Palm Jumeirah · 7th floor · completed 2019

713, Balqis Residence 2

Sold prices and rental history: sold once, by the developer in August 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 713 · DLD and Ejari recordsUpdated 17 August 2009
Last soldAED 5.31M17 August 2009
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 713, Balqis Residence 2

What is 713 worth today?

Last sold for AED 5,305,000 in 2009

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17 Aug 2009Sold by developerOff-plan
AED 5,305,000AED 1,822 per sqft

Source: Dubai Land Department. Updated 17 August 2009.

Key facts

Type
3-bed apartment
Size
2,911 sqft
Floor
7th of 11
Parking
G-49
Developer
Balqis Residence
Completed
2019
Service charge
AED 51,800 /yr
Last sold
AED 5.31M · August 2009

About 713, Balqis Residence 2

713 is a three-bedroom apartment of 2,911 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 17 August 2009 for AED 5,305,000, or AED 1,822 per sqft, 4% below the AED 1,895 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 713 over time

Sales
Unit 713, each saleTypical three-bed in Balqis Residence 2
2M4M20092013201720212025Typical sale price by year: 2009 AED 4,765,000; 2013 AED 4,552,663; 2020 AED 2,046,000; 2021 AED 2,900,000; 2022 AED 3,952,200; 2023 AED 4,500,000; 2024 AED 4,950,000Sold by developer, August 2009: AED 5,305,000 (AED 1,822 per sqft)

713 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 713, each contractTypical three-bed in Balqis Residence 2
200K300K20192021202320252027Typical rent by year: 2019 AED 150,000; 2020 AED 140,000; 2021 AED 150,000; 2022 AED 165,000; 2023 AED 228,000; 2024 AED 262,500; 2025 AED 284,500; 2026 AED 272,500

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 713 sits

All 54 3-beds →

713 last sold in August 2009 at AED 1,822 per sqft, 4% below what three-beds in Balqis Residence 2 were fetching at the time (AED 1,895). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
26 Aug 20264,999,900
16 Dec 20244,925,000
12 Dec 20247,050,000
9 Sep 20244,950,000
1 3-bed sale in the last 12 months

Balqis Residence 2

Building

147 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%
Balqis Residence 2, Palm Jumeirah: prices, sales and rents →

Other units on the 7th floor

All 147 units in Balqis Residence 2
Value
7013-bedAED 4.5M · May 2011
7022-bedAED 3.09M · Feb 2013
7032-bedAED 3.73M · Jun 2022
7043-bedAED 5M · Aug 2026
7053-bedAED 4.5M · Apr 2023
7062-bedAED 3.66M · Aug 2009
7072-bedAED 3.65M · May 2024
1–7 of 15

713, Balqis Residence 2 in numbers

  • Sold once: by Balqis Residence on 17 August 2009 for AED 5,305,000, or AED 1,822 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 17 August 2009.

Questions about 713, Balqis Residence 2

What did unit 713 last sell for?

AED 5,305,000 on 17 August 2009, sold by the developer: AED 1,822 per sqft for 2,911 sqft. It is the only registered sale of the unit.

How big is unit 713?

2,911 sqft (270.4 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.

What is unit 713 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 713, Balqis Residence 2

Starts from the last sale price (AED 5.31M, 17 August 2009). Switch to today's estimate once you have unlocked it.
Price
AED 5,305,000
Deposit, UAE resident (20%)
AED 1,061,000
Deposit, non-resident (40%)
AED 2,122,000
Monthly over 25 years at 3.7%
AED 21,704

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →