415, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 415, Balqis Residence 2
What is 415 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,005 sqft
- Floor
- 4th of 11
- Parking
- B-246
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,700 /yr
- Last sold
- AED 3.5M · August 2009
- Building
- Balqis Residence 2
About 415, Balqis Residence 2
415 is a two-bedroom apartment of 2,005 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 17 August 2009 for AED 3,500,000, or AED 1,745 per sqft, in line with the AED 1,745 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 1 November 2025, is AED 205,000 a year: a gross yield of 5.9% on the 2009 price, before the service charge of about AED 35,700 a year.
Sales and rents for 415 over time
415 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 415 sits
All 76 2-beds →415 last sold in August 2009 at AED 1,745 per sqft, in line with what two-beds in Balqis Residence 2 were fetching at the time (AED 1,745). 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. 415's AED 205,000 is in the lower half 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 | |
| 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 | ||
| 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 | ||
| 416 | 3-bed | 2,754 sqft | AED 4.32MAED 4,315,000 · Aug 2009August 2009 |
415, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 17 August 2009 for AED 3,500,000, or AED 1,745 per sqft.
- Rented since April 2019 on 7 Ejari contracts, from AED 140,000 to AED 205,000 a year.
- At AED 205,000 a year the gross yield on the 2009 price is 5.9%, before a service charge of about AED 35,700 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 1 November 2025.
Questions about 415, Balqis Residence 2
What did unit 415 last sell for?
AED 3,500,000 on 17 August 2009, sold by the developer: AED 1,745 per sqft for 2,005 sqft. It is the only registered sale of the unit.
What is the rent for unit 415?
AED 205,000 a year on the contract renewed on 1 November 2025. The previous contract, from November 2024, was AED 205,000; the unit has been rented since April 2019.
How big is unit 415?
2,005 sqft (186.3 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2019.
What is unit 415 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 415, Balqis Residence 2
Starts from the last sale price (AED 3.5M, 17 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus AED 152,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →