103, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in November 2022, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 103, Balqis Residence 2
What is 103 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 4,343 sqft
- Floor
- 1st of 11
- Parking
- B-255, B-254
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 77,300 /yr
- Last sold
- AED 4.72M · November 2022
- Building
- Balqis Residence 2
About 103, Balqis Residence 2
103 is a three-bedroom apartment of 4,343 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 November 2022 for AED 4,719,680, or AED 1,086 per sqft, 25% below the AED 1,456 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 10 January 2025, is AED 320,000 a year: a gross yield of 6.8% on the 2022 price, before the service charge of about AED 77,300 a year.
Sales and rents for 103 over time
103 has sold once; 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 103 sits
All 53 3-beds →103 last sold in November 2022 at AED 1,086 per sqft, 25% below what three-beds in Balqis Residence 2 were fetching at the time (AED 1,456).
| 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 1st floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 3,539 sqft | AED 4.3MAED 4,300,000 · Apr 2014April 2014 | 250,000 /yr | |
| 102 | 2-bed | 3,853 sqft | AED 4.41MAED 4,413,462 · Jun 2023June 2023 | 200,000 /yr | |
| 104 | 3-bed | 4,511 sqft | AED 2.75MAED 2,750,000 · May 2021May 2021 | ||
| 105 | 2-bed | 3,752 sqft | AED 2.8MAED 2,800,000 · Jan 2024January 2024 | 340,000 /yr | |
| 106 | 2-bed | 3,728 sqft | AED 5.04MAED 5,041,000 · Jan 2024January 2024 | 160,000 /yr |
103, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 28 November 2022 for AED 4,719,680, or AED 1,086 per sqft.
- Rented since March 2021 on 5 Ejari contracts, from AED 155,000 to AED 320,000 a year.
- At AED 320,000 a year the gross yield on the 2022 price is 6.8%, before a service charge of about AED 77,300 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 10 January 2025.
Questions about 103, Balqis Residence 2
What did unit 103 last sell for?
AED 4,719,680 on 28 November 2022, sold by the developer: AED 1,086 per sqft for 4,343 sqft. It is the only registered sale of the unit.
What is the rent for unit 103?
AED 320,000 a year on the contract renewed on 10 January 2025. The previous contract, from January 2024, was AED 310,000; the unit has been rented since March 2021.
How big is unit 103?
4,343 sqft (403.5 sqm): a three-bedroom apartment on the 1st floor of a 11-storey tower completed in 2019.
What is unit 103 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 103, Balqis Residence 2
Starts from the last sale price (AED 4.72M, 28 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 4,719,680
- Deposit, UAE resident (20%)
- AED 943,936
- Deposit, non-resident (40%)
- AED 1,887,872
- Monthly over 25 years at 3.7%
- AED 19,310
Plus AED 203,236 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →