2-bed · 2,363 sqftBalqis Residence 2, Palm Jumeirah · 4th floor · completed 2019

408, Balqis Residence 2

Sold prices and rental history: sold once, by the developer in August 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 13 August 2009

Last soldAED 3.31M13 August 2009

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Today's valuefree after one verification

Property timeline for 408, Balqis Residence 2

Today

What is 408 worth today?

Last sold for AED 3,310,000 in 2009

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13 Aug 2009

13 Aug 2009Sold by developerOff-plan

AED 3,310,000AED 1,400 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 August 2009.

Key facts

Type: 2-bed apartment
Size: 2,363 sqft
Floor: 4th of 11
Parking: B-290
Developer: Balqis Residence
Completed: 2019
Service charge: AED 42,100 /yr
Last sold: AED 3.31M · August 2009
Building: Balqis Residence 2

About 408, Balqis Residence 2

408 is a two-bedroom apartment of 2,363 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 3,310,000, or AED 1,400 per sqft, 18% below the AED 1,709 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 408 over time

Sales

Unit 408, each saleTypical two-bed in Balqis Residence 2

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

Rents

Unit 408, each contractTypical two-bed in Balqis Residence 2

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 408 sits

All 76 2-beds →

2-beds in Balqis Residence 2 · last 12 months2,367 /sqft Balqis Residence 2 · all types2,367 /sqft

408 last sold in August 2009 at AED 1,400 per sqft, 18% 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.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

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 4th floor

All 147 units in Balqis Residence 2


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
406	2-bed	1,955 sqft	AED 3.21MAED 3,210,000 · Aug 2009August 2009	156,975 /yr
407	2-bed	1,963 sqft	AED 1.8MAED 1,800,000 · Aug 2019August 2019
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

1–7 of 15

408, Balqis Residence 2 in numbers

Sold once: by Balqis Residence on 13 August 2009 for AED 3,310,000, or AED 1,400 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 13 August 2009.

Questions about 408, Balqis Residence 2

What did unit 408 last sell for?

AED 3,310,000 on 13 August 2009, sold by the developer: AED 1,400 per sqft for 2,363 sqft. It is the only registered sale of the unit.

How big is unit 408?

2,363 sqft (219.5 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.

What is unit 408 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 408, Balqis Residence 2

Starts from the last sale price (AED 3.31M, 13 August 2009). Switch to today's estimate once you have unlocked it.

Price: AED 3,310,000
Deposit, UAE resident (20%): AED 662,000
Deposit, non-resident (40%): AED 1,324,000
Monthly over 25 years at 3.7%: AED 13,542

Plus AED 144,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →