704, Balqis Residence 1
Sold prices and rental history: sold twice, last in November 2019, and rented once, from February 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Balqis Residence 1
What is 704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 22 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,935 sqft
- Floor
- 7th of 11
- Parking
- G-5, G-6
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,500 /yr
- Last sold
- AED 2.15M · November 2019
- Building
- Balqis Residence 1
About 704, Balqis Residence 1
704 is a two-bedroom apartment of 1,935 sqft on the 7th floor of Balqis Residence 1, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 18 November 2019 for AED 2,150,000, or AED 1,110 per sqft, 16% above the AED 953 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 22 February 2025. The current contract, signed on 22 February 2025, is AED 200,000 a year: a gross yield of 9.3% on the 2019 price, before the service charge of about AED 34,500 a year.
Sales and rents for 704 over time
704 has sold twice; 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 704 sits
All 21 2-beds →704 last sold in November 2019 at AED 1,110 per sqft, 16% above what two-beds in Balqis Residence 1 were fetching at the time (AED 953). 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 7th floor
All 54 units in Balqis Residence 1704, Balqis Residence 1 in numbers
- Sold twice: first on 13 August 2009 for AED 3,600,000, last on 18 November 2019 for AED 2,150,000 (AED 1,110 per sqft).
- Rented since February 2025 on one Ejari contract, at AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2019 price is 9.3%, before a service charge of about AED 34,500 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 22 February 2025.
Questions about 704, Balqis Residence 1
What did unit 704 last sell for?
AED 2,150,000 on 18 November 2019: AED 1,110 per sqft for 1,935 sqft. The unit has 2 registered sales; the first was AED 3,600,000 in August 2009.
What is the rent for unit 704?
AED 200,000 a year on the contract signed on 22 February 2025.
How big is unit 704?
1,935 sqft (179.8 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 704 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 704, Balqis Residence 1
Starts from the last sale price (AED 2.15M, 18 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,150,000
- Deposit, UAE resident (20%)
- AED 430,000
- Deposit, non-resident (40%)
- AED 860,000
- Monthly over 25 years at 3.7%
- AED 8,796
Plus AED 95,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →