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3-bed · 2,815 sqftBalqis Residence 2, Palm Jumeirah · 3rd floor · completed 2019

314, Balqis Residence 2

Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 314 · DLD and Ejari recordsUpdated 15 April 2024
Last soldAED 4.9M5 December 2011
Current rentAED 230K /yr15 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 314, Balqis Residence 2

What is 314 worth today?

Last sold for AED 4,900,000 in 2011

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15 Apr 2024RentedRenewal
AED 230,000/yr12 months · AED 82 per sqft
15 Apr 2023RentedRenewal
AED 200,000/yr12 months · AED 71 per sqft
15 Apr 2022RentedNew contract
AED 200,000/yr12 months · AED 71 per sqft
26 Apr 2021RentedNew contract
AED 145,000/yr6 months · AED 52 per sqft
26 Apr 2020RentedNew contract
AED 145,000/yr12 months · AED 50 per sqft
5 Dec 2011Sold by developerOff-plan
AED 4,900,000AED 1,740 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.

Key facts

Type
3-bed apartment
Size
2,815 sqft
Floor
3rd of 11
Parking
B-208
Developer
Balqis Residence
Completed
2019
Service charge
AED 50,100 /yr
Last sold
AED 4.9M · December 2011
Building
Balqis Residence 2

About 314, Balqis Residence 2

314 is a three-bedroom apartment of 2,815 sqft on the 3rd floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 5 December 2011 for AED 4,900,000, or AED 1,740 per sqft.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 15 April 2024, is AED 230,000 a year: a gross yield of 4.7% on the 2011 price, before the service charge of about AED 50,100 a year.

Sales and rents for 314 over time

Sales
Unit 314, each saleTypical three-bed in Balqis Residence 2
2M4M20092013201720212025Typical sale price by year: 2009 AED 4,765,000; 2013 AED 4,401,332; 2020 AED 2,046,000; 2021 AED 2,900,000; 2022 AED 3,952,200; 2023 AED 4,500,000; 2024 AED 4,950,000Sold by developer, December 2011: AED 4,900,000 (AED 1,740 per sqft)

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

Rents
Unit 314, each contractTypical three-bed in Balqis Residence 2
200K300K2019202120232025Typical rent by year: 2019 AED 150,000; 2020 AED 140,000; 2021 AED 150,000; 2022 AED 163,875; 2023 AED 234,000; 2024 AED 262,500; 2025 AED 290,000New contract, April 2020: AED 145,000 a yearNew contract, April 2021: AED 145,000 a yearNew contract, April 2022: AED 200,000 a yearRenewal, April 2023: AED 200,000 a yearRenewal, April 2024: AED 230,000 a year

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 314 sits

All 53 3-beds →
Recent 3-bed salesUnit no.Price (AED)Summary
16 Dec 20244,925,000
12 Dec 20247,050,000
9 Sep 20244,950,000
10 Jun 202414,550,000
0 3-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 3rd floor

All 147 units in Balqis Residence 2
Value
3013-bedAED 2.1M · Jan 2023
3023-bedAED 4.5M · Aug 2009
3033-bedAED 2.17M · Feb 2021
3042-bedAED 2.65M · Jun 2022
3052-bedAED 3.4M · Sep 2023
306AED 4.3M · Sep 2025
3072-bedAED 3.46M · Aug 2009
1–7 of 13

314, Balqis Residence 2 in numbers

  • Sold once: by Balqis Residence on 5 December 2011 for AED 4,900,000, or AED 1,740 per sqft.
  • Rented since April 2020 on 5 Ejari contracts, from AED 145,000 to AED 230,000 a year.
  • At AED 230,000 a year the gross yield on the 2011 price is 4.7%, before a service charge of about AED 50,100 a year (AED 17.81 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.

Questions about 314, Balqis Residence 2

What did unit 314 last sell for?

AED 4,900,000 on 5 December 2011, sold by the developer: AED 1,740 per sqft for 2,815 sqft. It is the only registered sale of the unit.

What is the rent for unit 314?

AED 230,000 a year on the contract renewed on 15 April 2024. The previous contract, from April 2023, was AED 200,000; the unit has been rented since April 2020.

How big is unit 314?

2,815 sqft (261.5 sqm): a three-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2019.

What is unit 314 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 314, Balqis Residence 2

Starts from the last sale price (AED 4.9M, 5 December 2011). Switch to today's estimate once you have unlocked it.
Price
AED 4,900,000
Deposit, UAE resident (20%)
AED 980,000
Deposit, non-resident (40%)
AED 1,960,000
Monthly over 25 years at 3.7%
AED 20,047

Plus AED 210,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →