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2-bed · 3,539 sqftBalqis Residence 2, Palm Jumeirah · 1st floor · completed 2019

101, Balqis Residence 2

Sold prices and rental history: sold once, by the developer in April 2014, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 101 · DLD and Ejari recordsUpdated 1 May 2025
Last soldAED 4.3M28 April 2014
Current rentAED 250K /yr1 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Balqis Residence 2

What is 101 worth today?

Last sold for AED 4,300,000 in 2014

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1 May 2025RentedNew contract
AED 250,000/yr12 months · AED 71 per sqft
15 Oct 2023RentedRenewal
AED 260,000/yr12 months · AED 73 per sqft
15 Oct 2022RentedNew contract
AED 260,000/yr12 months · AED 73 per sqft
28 Apr 2014Sold by developerOff-plan
AED 4,300,000AED 1,215 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2025.

Key facts

Type
2-bed apartment
Size
3,539 sqft
Floor
1st of 11
Parking
B-210, B-209
Developer
Balqis Residence
Completed
2019
Service charge
AED 63,000 /yr
Last sold
AED 4.3M · April 2014
Building
Balqis Residence 2

About 101, Balqis Residence 2

101 is a two-bedroom apartment of 3,539 sqft on the 1st floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 28 April 2014 for AED 4,300,000, or AED 1,215 per sqft.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 May 2025, is AED 250,000 a year: a gross yield of 5.8% on the 2014 price, before the service charge of about AED 63,000 a year.

Sales and rents for 101 over time

Sales
Unit 101, each saleTypical two-bed in Balqis Residence 2
2M4M2009201420192024Typical sale price by year: 2009 AED 3,560,000; 2012 AED 2,750,000; 2013 AED 3,692,500; 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 3,000,000; 2023 AED 3,142,500; 2024 AED 3,650,000; 2025 AED 4,400,000Sold by developer, April 2014: AED 4,300,000 (AED 1,215 per sqft)

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

Rents
Unit 101, each contractTypical two-bed in Balqis Residence 2
100K200K2019202120232025Typical rent by year: 2019 AED 120,000; 2020 AED 110,000; 2021 AED 120,000; 2022 AED 162,500; 2023 AED 212,000; 2024 AED 220,000; 2025 AED 230,000New contract, October 2022: AED 260,000 a yearRenewal, October 2023: AED 260,000 a yearNew contract, May 2025: AED 250,000 a year

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 101 sits

All 76 2-beds →

Over the last 12 months two-beds sold for AED 4,550,000 to 4,900,000, around AED 2,367 per sqft, and rent for AED 200,000 to 230,000 a year. 101's AED 250,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Feb 20264,900,000
3 Jun 20254,260,000
2 Jun 20254,400,000
16 Apr 20255,000,000
3 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. 3 sold in the last 12 months.

Typical price per sqft
AED 2,367
Typical sale
AED 4.7M
Typical rent
AED 230K /yr
Typical yield
5.0%
Balqis Residence 2, Palm Jumeirah: prices, sales and rents →

Other units on the 1st floor

All 147 units in Balqis Residence 2
Value
1022-bedAED 4.41M · Jun 2023
1033-bedAED 4.72M · Nov 2022
1043-bedAED 2.75M · May 2021
1052-bedAED 2.8M · Jan 2024
1062-bedAED 5.04M · Jan 2024

101, Balqis Residence 2 in numbers

  • Sold once: by Balqis Residence on 28 April 2014 for AED 4,300,000, or AED 1,215 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 260,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2014 price is 5.8%, before a service charge of about AED 63,000 a year (AED 17.81 per sqft).
  • Two-beds in Balqis Residence 2 sold for AED 4,550,000–4,900,000 in the 12 months to November 2026; the building's median across all types is AED 2,367 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2025.

Questions about 101, Balqis Residence 2

What did unit 101 last sell for?

AED 4,300,000 on 28 April 2014, sold by the developer: AED 1,215 per sqft for 3,539 sqft. It is the only registered sale of the unit.

What is the rent for unit 101?

AED 250,000 a year on the contract signed on 1 May 2025. The previous contract, from October 2023, was AED 260,000; the unit has been rented since October 2022.

How big is unit 101?

3,539 sqft (328.8 sqm): a two-bedroom apartment on the 1st floor of a 11-storey tower completed in 2019.

What is unit 101 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 4,900,000 in the last 12 months, around AED 2,367 per sqft.

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Mortgage on 101, Balqis Residence 2

Starts from the last sale price (AED 4.3M, 28 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

Plus AED 185,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →