406, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Balqis Residence 2
What is 406 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 June 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,955 sqft
- Floor
- 4th of 11
- Parking
- B-299
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 34,800 /yr
- Last sold
- AED 3.21M · August 2009
- Building
- Balqis Residence 2
About 406, Balqis Residence 2
406 is a two-bedroom apartment of 1,955 sqft on the 4th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 13 August 2009 for AED 3,210,000, or AED 1,641 per sqft, 4% below the AED 1,709 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 27 June 2025, is AED 156,975 a year: a gross yield of 4.9% on the 2009 price, before the service charge of about AED 34,800 a year.
Sales and rents for 406 over time
406 has sold once; the dashed line is the two-bed median of each year in the building.
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 406 sits
All 76 2-beds →406 last sold in August 2009 at AED 1,641 per sqft, 4% below what two-beds in Balqis Residence 2 were fetching at the time (AED 1,709). 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. 406's AED 156,975 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Feb 202616 February 2026 | 2,267 sqft | 4,900,000 | 2,161 | ||
| 3 Jun 20253 June 2025 | 1,977 sqft | 4,260,000 | 2,154 | ||
| 2 Jun 20252 June 2025 | 1,926 sqft | 4,400,000 | 2,284 | ||
| 16 Apr 202516 April 2025 | 1,978 sqft | 5,000,000 | 2,528 |
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 4th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 2,756 sqft | AED 4.32MAED 4,315,000 · Aug 2009August 2009 | ||
| 402 | 2-bed | 2,129 sqft | AED 1.44MAED 1,437,500 · Apr 2022April 2022 | 121,000 /yr | |
| 403 | 2-bed | 2,094 sqft | AED 3.5MAED 3,500,000 · Feb 2024February 2024 | 120,000 /yr | |
| 404 | 3-bed | 2,366 sqft | AED 4.3MAED 4,300,000 · Aug 2009August 2009 | 280,000 /yr | |
| 405 | 3-bed | 2,367 sqft | AED 3.13MAED 3,125,000 · Feb 2013February 2013 | 262,500 /yr | |
| 407 | 2-bed | 1,963 sqft | AED 1.8MAED 1,800,000 · Aug 2019August 2019 | ||
| 408 | 2-bed | 2,363 sqft | AED 3.31MAED 3,310,000 · Aug 2009August 2009 | ||
| 409 | 2-bed | 2,463 sqft | AED 3.31MAED 3,310,000 · Aug 2009August 2009 | ||
| 410 | 2-bed | 1,967 sqft | AED 3.31MAED 3,310,000 · Aug 2009August 2009 | 120,000 /yr | |
| 411 | 1,922 sqft | AED 4.55MAED 4,550,000 · Nov 2025November 2025 | 230,000 /yr | ||
| 412 | 3-bed | 2,411 sqft | AED 7.05MAED 7,050,000 · Dec 2024December 2024 | 149,500 /yr | |
| 413 | 3-bed | 2,950 sqft | AED 3.5MAED 3,500,000 · May 2016May 2016 | 229,425 /yr | |
| 414 | 2,002 sqft | AED 4.45MAED 4,450,000 · Oct 2025October 2025 | 240,647 /yr | ||
| 415 | 2-bed | 2,005 sqft | AED 3.5MAED 3,500,000 · Aug 2009August 2009 | 205,000 /yr | |
| 416 | 3-bed | 2,754 sqft | AED 4.32MAED 4,315,000 · Aug 2009August 2009 |
406, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 3,210,000, or AED 1,641 per sqft.
- Rented since June 2022 on 4 Ejari contracts, from AED 130,000 to AED 156,975 a year.
- At AED 156,975 a year the gross yield on the 2009 price is 4.9%, before a service charge of about AED 34,800 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 27 June 2025.
Questions about 406, Balqis Residence 2
What did unit 406 last sell for?
AED 3,210,000 on 13 August 2009, sold by the developer: AED 1,641 per sqft for 1,955 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 156,975 a year on the contract renewed on 27 June 2025. The previous contract, from June 2024, was AED 136,500; the unit has been rented since June 2022.
How big is unit 406?
1,955 sqft (181.6 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 406 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 406, Balqis Residence 2
Starts from the last sale price (AED 3.21M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 3,210,000
- Deposit, UAE resident (20%)
- AED 642,000
- Deposit, non-resident (40%)
- AED 1,284,000
- Monthly over 25 years at 3.7%
- AED 13,133
Plus AED 139,830 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →