1012, Balqis Residence 2
Sold prices and rental history: sold 3 times, last in May 2024, and rented once, from October 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1012, Balqis Residence 2
What is 1012 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 17 May 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 6,709 sqft
- Floor
- 10th of 11
- Parking
- B-326, B-325, B-327
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 119,500 /yr
- Last sold
- AED 17.5M · May 2024
- Building
- Balqis Residence 2
About 1012, Balqis Residence 2
1012 is a three-bedroom apartment of 6,709 sqft on the 10th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 17 May 2024 for AED 17,500,000, or AED 2,608 per sqft, 43% above the AED 1,829 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 7 October 2020. The current contract, signed on 7 October 2020, is AED 295,000 a year: a gross yield of 1.7% on the 2024 price, before the service charge of about AED 119,500 a year.
Sales and rents for 1012 over time
1012 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Balqis Residence 2, and where 1012 sits
All 53 3-beds →1012 last sold in May 2024 at AED 2,608 per sqft, 43% above what three-beds in Balqis Residence 2 were fetching at the time (AED 1,829).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Dec 202416 December 2024 | 2,392 sqft | 4,925,000 | 2,059 | ||
| 12 Dec 202412 December 2024 | 2,411 sqft | 7,050,000 | 2,924 | ||
| 9 Sep 20249 September 2024 | 2,938 sqft | 4,950,000 | 1,684 | ||
| 10 Jun 202410 June 2024 | 7,759 sqft | 14,550,000 | 1,875 |
Balqis Residence 2
Building147 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%
Other units on the 10th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 3-bed | 2,368 sqft | AED 4.2MAED 4,200,000 · Mar 2024March 2024 | 430,000 /yr | |
| 1003 | 4-bed | 6,382 sqft | AED 8.7MAED 8,700,000 · Apr 2013April 2013 | 285,000 /yr | |
| 1004 | 3-bed | 2,366 sqft | AED 2.9MAED 2,900,000 · Dec 2021December 2021 | 170,000 /yr | |
| 1005 | 2-bed | 1,887 sqft | AED 4.7MAED 4,699,555 · Dec 2009December 2009 | ||
| 1006 | 2-bed | 1,966 sqft | AED 2.53MAED 2,525,000 · Jul 2021July 2021 | 230,000 /yr | |
| 1007 | 2-bed | 1,886 sqft | AED 2.9MAED 2,900,000 · Mar 2023March 2023 | 150,000 /yr | |
| 1008 | 2-bed | 1,897 sqft | AED 5.5MAED 5,500,000 · Oct 2009October 2009 | 115,000 /yr | |
| 1009 | 2-bed | 1,967 sqft | AED 1.6MAED 1,600,000 · Feb 2021February 2021 | 620,000 /yr | |
| 1010 | 2-bed | 1,925 sqft | AED 2MAED 2,000,000 · Nov 2020November 2020 | ||
| 1011 | 3-bed | 2,393 sqft | AED 4.1MAED 4,100,000 · Oct 2022October 2022 | 140,000 /yr | |
| 1013 | 1,930 sqft | AED 4.3MAED 4,300,000 · Sep 2025September 2025 | 214,303 /yr | ||
| 1014 | 3-bed | 2,369 sqft | AED 5.15MAED 5,150,000 · Apr 2024April 2024 | 350,000 /yr |
1012, Balqis Residence 2 in numbers
- Sold 3 times: first on 16 February 2010 for AED 8,700,000, last on 17 May 2024 for AED 17,500,000 (AED 2,608 per sqft).
- Rented since October 2020 on one Ejari contract, at AED 295,000 a year.
- At AED 295,000 a year the gross yield on the 2024 price is 1.7%, before a service charge of about AED 119,500 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 17 May 2024.
Questions about 1012, Balqis Residence 2
What did unit 1012 last sell for?
AED 17,500,000 on 17 May 2024: AED 2,608 per sqft for 6,709 sqft. The unit has 3 registered sales; the first was AED 8,700,000 in February 2010.
What is the rent for unit 1012?
AED 295,000 a year on the contract signed on 7 October 2020.
How big is unit 1012?
6,709 sqft (623.3 sqm): a three-bedroom apartment on the 10th floor of a 11-storey tower completed in 2019.
What is unit 1012 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 1012, Balqis Residence 2
Starts from the last sale price (AED 17.5M, 17 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 17,500,000
- Deposit, UAE resident (20%)
- AED 3,500,000
- Deposit, non-resident (40%)
- AED 7,000,000
- Monthly over 25 years at 3.7%
- AED 71,598
Plus AED 740,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →