2-bed · 1,966 sqftBalqis Residence 2, Palm Jumeirah · 8th floor · completed 2019

807, Balqis Residence 2

Sold prices and rental history: sold twice, last in July 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 807 · DLD and Ejari recordsUpdated 18 July 2021
Last soldAED 2.2M18 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 807, Balqis Residence 2

What is 807 worth today?

Last sold for AED 2,200,000 in 2021

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18 Jul 2021SoldReady
AED 2,200,000AED 1,119 per sqft
13 Aug 2009Sold by developerOff-plan
AED 3,710,000AED 1,887 per sqft

Source: Dubai Land Department. Updated 18 July 2021.

Key facts

Type
2-bed apartment
Size
1,966 sqft
Floor
8th of 11
Parking
B-266
Developer
Balqis Residence
Completed
2019
Service charge
AED 35,000 /yr
Last sold
AED 2.2M · July 2021

About 807, Balqis Residence 2

807 is a two-bedroom apartment of 1,966 sqft on the 8th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 18 July 2021 for AED 2,200,000, or AED 1,119 per sqft, 27% above the AED 884 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 807 over time

Sales
Unit 807, each saleTypical two-bed in Balqis Residence 2
2.5M5M2009201420192024Typical sale price by year: 2009 AED 3,560,000; 2012 AED 2,750,000; 2013 AED 3,550,000; 2014 AED 3,535,905; 2016 AED 3,300,000; 2019 AED 1,700,000; 2020 AED 2,000,000; 2021 AED 1,850,000; 2022 AED 2,925,000; 2023 AED 3,142,500; 2024 AED 3,650,000; 2025 AED 4,375,000; 2026 AED 6,326,533Sold by developer, August 2009: AED 3,710,000 (AED 1,887 per sqft)Sold, July 2021: AED 2,200,000 (AED 1,119 per sqft)

807 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 807, each contractTypical two-bed in Balqis Residence 2
100K150K200K20192021202320252027Typical rent by year: 2019 AED 120,000; 2020 AED 110,000; 2021 AED 121,000; 2022 AED 162,500; 2023 AED 209,000; 2024 AED 220,000; 2025 AED 220,000; 2026 AED 202,500

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 807 sits

All 83 2-beds →

807 last sold in July 2021 at AED 1,119 per sqft, 27% above what two-beds in Balqis Residence 2 were fetching at the time (AED 884). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20266,450,000
10 Sep 20266,222,800
24 Feb 20266,430,265
16 Feb 20264,900,000
6 2-bed sales 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 8th floor

All 147 units in Balqis Residence 2
Value
8022-bedAED 4.26M · Jun 2025
8032-bedAED 1.45M · Apr 2020
8043-bedAED 3.65M · Apr 2022
8053-bedAED 2.15M · Jul 2020
8062-bedAED 3.43M · Apr 2024
8082-bedAED 875K · Mar 2021
8092-bedAED 3.2M · Feb 2023
1–7 of 14

807, Balqis Residence 2 in numbers

  • Sold twice: first on 13 August 2009 for AED 3,710,000, last on 18 July 2021 for AED 2,200,000 (AED 1,119 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 18 July 2021.

Questions about 807, Balqis Residence 2

What did unit 807 last sell for?

AED 2,200,000 on 18 July 2021: AED 1,119 per sqft for 1,966 sqft. The unit has 2 registered sales; the first was AED 3,710,000 in August 2009.

How big is unit 807?

1,966 sqft (182.6 sqm): a two-bedroom apartment on the 8th floor of a 11-storey tower completed in 2019.

What is unit 807 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 807, Balqis Residence 2

Starts from the last sale price (AED 2.2M, 18 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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