603, Balqis Residence 2
Sold prices and rental history: sold 3 times, last in August 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, Balqis Residence 2
What is 603 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,004 sqft
- Floor
- 6th of 11
- Parking
- B-248
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,700 /yr
- Last sold
- AED 3.1M · August 2022
- Building
- Balqis Residence 2
About 603, Balqis Residence 2
603 is a two-bedroom apartment of 2,004 sqft on the 6th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 25 August 2022 for AED 3,100,000, or AED 1,546 per sqft, 8% above the AED 1,425 two-beds in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 1 July 2023, is AED 195,000 a year: a gross yield of 6.3% on the 2022 price, before the service charge of about AED 35,700 a year.
Sales and rents for 603 over time
603 has sold 3 times; 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 603 sits
All 76 2-beds →603 last sold in August 2022 at AED 1,546 per sqft, 8% above what two-beds in Balqis Residence 2 were fetching at the time (AED 1,425). 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. 603's AED 195,000 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 6th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 2,514 sqft | AED 4.6MAED 4,600,000 · Feb 2024February 2024 | 140,000 /yr | |
| 602 | 2-bed | 1,978 sqft | AED 4.95MAED 4,950,000 · Dec 2011December 2011 | 142,000 /yr | |
| 604 | 3-bed | 2,368 sqft | AED 4.87MAED 4,865,000 · Aug 2009August 2009 | 259,280 /yr | |
| 605 | 3-bed | 2,368 sqft | AED 3.49MAED 3,485,000 · Feb 2013February 2013 | 210,000 /yr | |
| 606 | 1,957 sqft | AED 4.35MAED 4,350,000 · Oct 2025October 2025 | 240,000 /yr | ||
| 607 | 2-bed | 1,965 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | ||
| 608 | 2-bed | 2,138 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | ||
| 609 | 2-bed | 2,193 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | ||
| 610 | 2-bed | 1,966 sqft | AED 3.41MAED 3,410,000 · Aug 2009August 2009 | ||
| 611 | 2-bed | 1,924 sqft | AED 2.6MAED 2,600,000 · Jun 2021June 2021 | ||
| 612 | 3-bed | 2,392 sqft | AED 4.13MAED 4,125,000 · May 2023May 2023 | 183,168 /yr | |
| 613 | 3-bed | 2,933 sqft | AED 4.6MAED 4,600,000 · May 2023May 2023 | 442,500 /yr | |
| 614 | 2-bed | 1,950 sqft | AED 4.05MAED 4,050,000 · Oct 2024October 2024 | 137,775 /yr | |
| 615 | 2-bed | 1,929 sqft | AED 2.75MAED 2,750,000 · Dec 2021December 2021 | 250,000 /yr | |
| 616 | 3-bed | 2,514 sqft | AED 4.77MAED 4,765,000 · Aug 2009August 2009 | 220,000 /yr |
603, Balqis Residence 2 in numbers
- Sold 3 times: first on 13 August 2009 for AED 3,600,000, last on 25 August 2022 for AED 3,100,000 (AED 1,546 per sqft).
- Rented since May 2020 on 3 Ejari contracts, from AED 110,000 to AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2022 price is 6.3%, 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 July 2023.
Questions about 603, Balqis Residence 2
What did unit 603 last sell for?
AED 3,100,000 on 25 August 2022: AED 1,546 per sqft for 2,004 sqft. The unit has 3 registered sales; the first was AED 3,600,000 in August 2009.
What is the rent for unit 603?
AED 195,000 a year on the contract renewed on 1 July 2023. The previous contract, from May 2022, was AED 195,000; the unit has been rented since May 2020.
How big is unit 603?
2,004 sqft (186.2 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 603 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 603, Balqis Residence 2
Starts from the last sale price (AED 3.1M, 25 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,100,000
- Deposit, UAE resident (20%)
- AED 620,000
- Deposit, non-resident (40%)
- AED 1,240,000
- Monthly over 25 years at 3.7%
- AED 12,683
Plus AED 135,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →