605, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in February 2013, 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 605, Balqis Residence 2
What is 605 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,368 sqft
- Floor
- 6th of 11
- Parking
- B-34
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,200 /yr
- Last sold
- AED 3.49M · February 2013
- Building
- Balqis Residence 2
About 605, Balqis Residence 2
605 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 20 February 2013 for AED 3,485,000, or AED 1,471 per sqft, in line with the AED 1,471 three-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 June 2025, is AED 210,000 a year: a gross yield of 6.0% on the 2013 price, before the service charge of about AED 42,200 a year.
Sales and rents for 605 over time
605 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 605 sits
All 53 3-beds →605 last sold in February 2013 at AED 1,471 per sqft, in line with what three-beds in Balqis Residence 2 were fetching at the time (AED 1,471).
| 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 | |
| 604 | 3-bed | 2,368 sqft | AED 4.87MAED 4,865,000 · Aug 2009August 2009 | 259,280 /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 |
605, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 20 February 2013 for AED 3,485,000, or AED 1,471 per sqft.
- Rented since June 2019 on 7 Ejari contracts, from AED 143,000 to AED 210,000 a year.
- At AED 210,000 a year the gross yield on the 2013 price is 6.0%, 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 June 2025.
Questions about 605, Balqis Residence 2
What did unit 605 last sell for?
AED 3,485,000 on 20 February 2013, sold by the developer: AED 1,471 per sqft for 2,368 sqft. It is the only registered sale of the unit.
What is the rent for unit 605?
AED 210,000 a year on the contract renewed on 1 June 2025. The previous contract, from June 2024, was AED 196,000; the unit has been rented since June 2019.
How big is unit 605?
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 605 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 605, Balqis Residence 2
Starts from the last sale price (AED 3.49M, 20 February 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 3,485,000
- Deposit, UAE resident (20%)
- AED 697,000
- Deposit, non-resident (40%)
- AED 1,394,000
- Monthly over 25 years at 3.7%
- AED 14,258
Plus AED 151,380 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →