202, Balqis Residence 1
Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 202, Balqis Residence 1
What is 202 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 December 2024.
Key facts
- Type
- 4-bed apartment
- Size
- 9,542 sqft
- Floor
- 2nd of 11
- Parking
- INTEGRATED
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 169,900 /yr
- Last sold
- AED 11.49M · November 2022
- Building
- Balqis Residence 1
About 202, Balqis Residence 1
202 is a four-bedroom apartment of 9,542 sqft on the 2nd floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 29 November 2022 for AED 11,488,680, or AED 1,204 per sqft, 7% below the AED 1,292 four-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 20 December 2024, is AED 600,000 a year: a gross yield of 5.2% on the 2022 price, before the service charge of about AED 169,900 a year.
Sales and rents for 202 over time
202 has sold once; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in Balqis Residence 1, and where 202 sits
All 10 4-beds →202 last sold in November 2022 at AED 1,204 per sqft, 7% below what four-beds in Balqis Residence 1 were fetching at the time (AED 1,292).
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Apr 202517 April 2025 | 3,360 sqft | 8,800,000 | 2,618 | ||
| 1 Jul 20241 July 2024 | 3,356 sqft | 8,700,000 | 2,592 | ||
| 29 Nov 202229 November 2022 | 8,037 sqft | 10,388,280 | 1,292 | ||
| 5 Oct 20225 October 2022 | 3,360 sqft | 6,000,000 | 1,785 |
Balqis Residence 1
Building54 apartments, 2-bed to 6-bed over 11 floors in Palm Jumeirah, completed in 2019 by Balqis Residence. 3 sold in the last 12 months.
- Typical price per sqft
- AED 2,562
- Typical sale
- AED 6.5M
- Typical rent
- AED 291K /yr
- Typical yield
- 5.4%
Other units on the 2nd floor
All 54 units in Balqis Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 2-bed | 2,209 sqft | AED 3.8MAED 3,800,000 · May 2012May 2012 | 210,000 /yr | |
| 203 | 5-bed | 11,300 sqft | AED 12.05MAED 12,052,200 · Jul 2020July 2020 | 550,000 /yr | |
| 204 | 2-bed | 2,216 sqft | AED 2.5MAED 2,500,000 · Jun 2012June 2012 | 180,000 /yr | |
| 205 | 3-bed | 7,822 sqft | AED 8.9MAED 8,900,000 · Aug 2009August 2009 | ||
| 206 | 4-bed | 8,037 sqft | AED 10.39MAED 10,388,280 · Nov 2022November 2022 | 450,000 /yr | |
| 207 | 5-bed | 11,446 sqft | AED 13MAED 13,000,000 · Jan 2025January 2025 | 241,005 /yr | |
| 208 | 3-bed | 8,260 sqft | AED 4.05MAED 4,050,000 · Mar 2021March 2021 | 200,000 /yr |
202, Balqis Residence 1 in numbers
- Sold once: by Balqis Residence on 29 November 2022 for AED 11,488,680, or AED 1,204 per sqft.
- Rented since December 2020 on 5 Ejari contracts, from AED 230,000 to AED 600,000 a year.
- At AED 600,000 a year the gross yield on the 2022 price is 5.2%, before a service charge of about AED 169,900 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 20 December 2024.
Questions about 202, Balqis Residence 1
What did unit 202 last sell for?
AED 11,488,680 on 29 November 2022, sold by the developer: AED 1,204 per sqft for 9,542 sqft. It is the only registered sale of the unit.
What is the rent for unit 202?
AED 600,000 a year on the contract renewed on 20 December 2024. The previous contract, from December 2023, was AED 550,000; the unit has been rented since December 2020.
How big is unit 202?
9,542 sqft (886.5 sqm): a four-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 202 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 202, Balqis Residence 1
Starts from the last sale price (AED 11.49M, 29 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 11,488,680
- Deposit, UAE resident (20%)
- AED 2,297,736
- Deposit, non-resident (40%)
- AED 4,595,472
- Monthly over 25 years at 3.7%
- AED 47,004
Plus AED 487,534 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →