412, Balqis Residence 2
Sold prices and rental history: sold 4 times, last in December 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 412, Balqis Residence 2
What is 412 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 December 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,411 sqft
- Floor
- 4th of 11
- Parking
- B-137
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,900 /yr
- Last sold
- AED 7.05M · December 2024
- Building
- Balqis Residence 2
About 412, Balqis Residence 2
412 is a three-bedroom apartment of 2,411 sqft on the 4th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 12 December 2024 for AED 7,050,000, or AED 2,924 per sqft, 58% above the AED 1,852 three-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 20 September 2022, is AED 149,500 a year: a gross yield of 2.1% on the 2024 price, before the service charge of about AED 42,900 a year.
Sales and rents for 412 over time
412 has sold 4 times; 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 412 sits
All 53 3-beds →412 last sold in December 2024 at AED 2,924 per sqft, 58% above what three-beds in Balqis Residence 2 were fetching at the time (AED 1,852).
| 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 | ||
| 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 | ||
| 17 May 202417 May 2024 | 6,709 sqft | 17,500,000 | 2,608 |
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 | |
| 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 | ||
| 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 | ||
| 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 |
412, Balqis Residence 2 in numbers
- Sold 4 times: first on 16 August 2009 for AED 4,215,000, last on 12 December 2024 for AED 7,050,000 (AED 2,924 per sqft).
- Rented since September 2020 on 3 Ejari contracts, from AED 130,000 to AED 149,500 a year.
- At AED 149,500 a year the gross yield on the 2024 price is 2.1%, before a service charge of about AED 42,900 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 12 December 2024.
Questions about 412, Balqis Residence 2
What did unit 412 last sell for?
AED 7,050,000 on 12 December 2024: AED 2,924 per sqft for 2,411 sqft. The unit has 4 registered sales; the first was AED 4,215,000 in August 2009.
What is the rent for unit 412?
AED 149,500 a year on the contract renewed on 20 September 2022. The previous contract, from September 2021, was AED 130,000; the unit has been rented since September 2020.
How big is unit 412?
2,411 sqft (224.0 sqm): a three-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 412 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 412, Balqis Residence 2
Starts from the last sale price (AED 7.05M, 12 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 7,050,000
- Deposit, UAE resident (20%)
- AED 1,410,000
- Deposit, non-resident (40%)
- AED 2,820,000
- Monthly over 25 years at 3.7%
- AED 28,844
Plus AED 301,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →