2-bed · 2,220 sqftBalqis Residence 2, Palm Jumeirah · 2nd floor · completed 2019

215, Balqis Residence 2

Sold prices and rental history: sold once, by the developer in May 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 215 · DLD and Ejari recordsUpdated 25 May 2021
Last soldAED 1.8M25 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 215, Balqis Residence 2

What is 215 worth today?

Last sold for AED 1,800,000 in 2021

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25 May 2021Sold by developerReady
AED 1,800,000AED 810 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 May 2021.

Key facts

Type
2-bed apartment
Size
2,220 sqft
Floor
2nd of 11
Parking
G-54
Developer
Balqis Residence
Completed
2019
Service charge
AED 39,500 /yr
Last sold
AED 1.8M · May 2021

About 215, Balqis Residence 2

215 is a two-bedroom apartment of 2,220 sqft on the 2nd floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 25 May 2021 for AED 1,800,000, or AED 810 per sqft, in line with the AED 824 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 215 over time

Sales
Unit 215, 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, May 2021: AED 1,800,000 (AED 810 per sqft)

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

Rents
Unit 215, 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 230,000

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 215 sits

All 76 2-beds →

215 last sold in May 2021 at AED 810 per sqft, in line with what two-beds in Balqis Residence 2 were fetching at the time (AED 824). 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.

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 2nd floor

All 147 units in Balqis Residence 2
Value
2013-bedAED 5.7M · Sep 2022
202AED 12M · Oct 2025
2035-bedAED 12.2M · Aug 2009
2044-bedAED 10.54M · Nov 2022
2054-bedAED 10.74M · Nov 2022
2063-bedAED 8.52M · Oct 2021
2073-bedAED 14.55M · Jun 2024
1–7 of 15

215, Balqis Residence 2 in numbers

  • Sold once: by Balqis Residence on 25 May 2021 for AED 1,800,000, or AED 810 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 25 May 2021.

Questions about 215, Balqis Residence 2

What did unit 215 last sell for?

AED 1,800,000 on 25 May 2021, sold by the developer: AED 810 per sqft for 2,220 sqft. It is the only registered sale of the unit.

How big is unit 215?

2,220 sqft (206.2 sqm): a two-bedroom apartment on the 2nd floor of a 11-storey tower completed in 2019.

What is unit 215 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 215, Balqis Residence 2

Starts from the last sale price (AED 1.8M, 25 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

Plus AED 80,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →