505, 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.
Property timeline for 505, Balqis Residence 2
What is 505 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 August 2009.
Key facts
- Type
- 3-bed apartment
- Size
- 2,366 sqft
- Floor
- 5th of 11
- Parking
- B-129, B-130
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,100 /yr
- Last sold
- AED 4.59M · August 2009
- Building
- Balqis Residence 2
About 505, Balqis Residence 2
505 is a three-bedroom apartment of 2,366 sqft on the 5th 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 4,590,000, or AED 1,940 per sqft, in line with the AED 1,900 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 505 over time
505 has sold once; 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 505 sits
All 53 3-beds →505 last sold in August 2009 at AED 1,940 per sqft, in line with what three-beds in Balqis Residence 2 were fetching at the time (AED 1,900).
| 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 | ||
| 12 Dec 202412 December 2024 | 2,411 sqft | 7,050,000 | 2,924 | ||
| 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 |
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 5th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 2,565 sqft | AED 4.39MAED 4,390,000 · Aug 2009August 2009 | ||
| 502 | 2-bed | 1,978 sqft | AED 3MAED 3,000,000 · May 2016May 2016 | 205,000 /yr | |
| 503 | 2-bed | 2,000 sqft | AED 3.5MAED 3,500,000 · Aug 2009August 2009 | 200,000 /yr | |
| 504 | 3-bed | 2,366 sqft | AED 3.85MAED 3,850,000 · May 2023May 2023 | 350,000 /yr | |
| 506 | 2-bed | 1,956 sqft | AED 3.56MAED 3,560,000 · Aug 2009August 2009 | 280,000 /yr | |
| 507 | 2-bed | 1,965 sqft | AED 3.36MAED 3,360,000 · Aug 2009August 2009 | ||
| 508 | 2-bed | 2,228 sqft | AED 3.36MAED 3,360,000 · Aug 2009August 2009 | ||
| 509 | 2-bed | 2,328 sqft | AED 3.36MAED 3,360,000 · Aug 2009August 2009 | ||
| 510 | 2-bed | 1,966 sqft | AED 3.36MAED 3,360,000 · Aug 2009August 2009 | ||
| 511 | 2-bed | 1,924 sqft | AED 3.56MAED 3,560,000 · Aug 2009August 2009 | 215,000 /yr | |
| 512 | 3-bed | 2,395 sqft | AED 4.49MAED 4,490,000 · Aug 2009August 2009 | ||
| 513 | 3-bed | 2,929 sqft | AED 5.5MAED 5,500,000 · Sep 2015September 2015 | 200,040 /yr | |
| 514 | 2-bed | 1,949 sqft | AED 3.55MAED 3,550,000 · Aug 2009August 2009 | ||
| 515 | 2-bed | 1,926 sqft | AED 3.56MAED 3,560,000 · Aug 2009August 2009 | 149,265 /yr | |
| 516 | 3-bed | 2,563 sqft | AED 4.39MAED 4,390,000 · Aug 2009August 2009 |
505, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 4,590,000, or AED 1,940 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 13 August 2009.
Questions about 505, Balqis Residence 2
What did unit 505 last sell for?
AED 4,590,000 on 13 August 2009, sold by the developer: AED 1,940 per sqft for 2,366 sqft. It is the only registered sale of the unit.
How big is unit 505?
2,366 sqft (219.8 sqm): a three-bedroom apartment on the 5th floor of a 11-storey tower completed in 2019.
What is unit 505 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 505, Balqis Residence 2
Starts from the last sale price (AED 4.59M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 4,590,000
- Deposit, UAE resident (20%)
- AED 918,000
- Deposit, non-resident (40%)
- AED 1,836,000
- Monthly over 25 years at 3.7%
- AED 18,779
Plus AED 197,790 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →