604, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 604, Balqis Residence 2
What is 604 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,368 sqft
- Floor
- 6th of 11
- Parking
- B-32
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,200 /yr
- Last sold
- AED 4.87M · August 2009
- Building
- Balqis Residence 2
About 604, Balqis Residence 2
604 is a three-bedroom apartment of 2,368 sqft on the 6th 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 4,865,000, or AED 2,054 per sqft, 8% above the AED 1,895 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 1 November 2024, is AED 259,280 a year: a gross yield of 5.3% on the 2009 price, before the service charge of about AED 42,200 a year.
Sales and rents for 604 over time
604 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 604 sits
All 53 3-beds →604 last sold in August 2009 at AED 2,054 per sqft, 8% above what three-beds in Balqis Residence 2 were fetching at the time (AED 1,895).
| 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 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 | |
| 603 | 2-bed | 2,004 sqft | AED 3.1MAED 3,100,000 · Aug 2022August 2022 | 195,000 /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 |
604, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 17 August 2009 for AED 4,865,000, or AED 2,054 per sqft.
- Rented since August 2021 on 5 Ejari contracts, from AED 180,000 to AED 259,280 a year.
- At AED 259,280 a year the gross yield on the 2009 price is 5.3%, before a service charge of about AED 42,200 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2024.
Questions about 604, Balqis Residence 2
What did unit 604 last sell for?
AED 4,865,000 on 17 August 2009, sold by the developer: AED 2,054 per sqft for 2,368 sqft. It is the only registered sale of the unit.
What is the rent for unit 604?
AED 259,280 a year on the contract signed on 1 November 2024. The previous contract, from April 2023, was AED 255,000; the unit has been rented since August 2021.
How big is unit 604?
2,368 sqft (220.0 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 604 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 604, Balqis Residence 2
Starts from the last sale price (AED 4.87M, 17 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 4,865,000
- Deposit, UAE resident (20%)
- AED 973,000
- Deposit, non-resident (40%)
- AED 1,946,000
- Monthly over 25 years at 3.7%
- AED 19,904
Plus AED 209,340 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →