204, Balqis Residence 1
Sold prices and rental history: sold once, by the developer in June 2012, 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 204, Balqis Residence 1
What is 204 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,216 sqft
- Floor
- 2nd of 11
- Parking
- G-65
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 39,500 /yr
- Last sold
- AED 2.5M · June 2012
- Building
- Balqis Residence 1
About 204, Balqis Residence 1
204 is a two-bedroom apartment of 2,216 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 19 June 2012 for AED 2,500,000, or AED 1,128 per sqft, 16% below the AED 1,338 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 5 March 2025, is AED 180,000 a year: a gross yield of 7.2% on the 2012 price, before the service charge of about AED 39,500 a year.
Sales and rents for 204 over time
204 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 1, and where 204 sits
All 21 2-beds →204 last sold in June 2012 at AED 1,128 per sqft, 16% below what two-beds in Balqis Residence 1 were fetching at the time (AED 1,338). Over the last 12 months two-beds sold for AED 6,500,000, around AED 3,098 per sqft, and rent for AED 260,000 to 271,500 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Apr 202522 April 2025 | 2,008 sqft | 3,750,000 | 1,867 | ||
| 18 Feb 202518 February 2025 | 1,837 sqft | 3,850,000 | 2,095 | ||
| 10 Jun 202410 June 2024 | 1,971 sqft | 3,310,000 | 1,679 | ||
| 1 May 20241 May 2024 | 1,936 sqft | 3,550,000 | 1,833 |
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 | |
| 202 | 4-bed | 9,542 sqft | AED 11.49MAED 11,488,680 · Nov 2022November 2022 | 600,000 /yr | |
| 203 | 5-bed | 11,300 sqft | AED 12.05MAED 12,052,200 · Jul 2020July 2020 | 550,000 /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 |
204, Balqis Residence 1 in numbers
- Sold once: by Balqis Residence on 19 June 2012 for AED 2,500,000, or AED 1,128 per sqft.
- Rented since August 2019 on 4 Ejari contracts, from AED 112,000 to AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2012 price is 7.2%, before a service charge of about AED 39,500 a year (AED 17.81 per sqft).
- Two-beds in Balqis Residence 1 sold for AED 6,500,000–6,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,562 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 5 March 2025.
Questions about 204, Balqis Residence 1
What did unit 204 last sell for?
AED 2,500,000 on 19 June 2012, sold by the developer: AED 1,128 per sqft for 2,216 sqft. It is the only registered sale of the unit.
What is the rent for unit 204?
AED 180,000 a year on the contract signed on 5 March 2025. The previous contract, from October 2023, was AED 165,000; the unit has been rented since August 2019.
How big is unit 204?
2,216 sqft (205.9 sqm): a two-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.
What is unit 204 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 1 sold for AED 6,500,000 to 6,500,000 in the last 12 months, around AED 3,098 per sqft.
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Mortgage on 204, Balqis Residence 1
Starts from the last sale price (AED 2.5M, 19 June 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →