2-bed · 1,924 sqftBalqis Residence 2, Palm Jumeirah · 6th floor · completed 2019

611, Balqis Residence 2

Sold prices and rental history: sold twice, last in June 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 611 · DLD and Ejari recordsUpdated 21 June 2021
Last soldAED 2.6M21 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 611, Balqis Residence 2

What is 611 worth today?

Last sold for AED 2,600,000 in 2021

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21 Jun 2021SoldReady
AED 2,600,000AED 1,351 per sqft
16 Aug 2009Sold by developerOff-plan
AED 3,610,000AED 1,876 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 June 2021.

Key facts

Type
2-bed apartment
Size
1,924 sqft
Floor
6th of 11
Parking
B-69
Developer
Balqis Residence
Completed
2019
Service charge
AED 34,300 /yr
Last sold
AED 2.6M · June 2021

About 611, Balqis Residence 2

611 is a two-bedroom apartment of 1,924 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 21 June 2021 for AED 2,600,000, or AED 1,351 per sqft, 44% above the AED 935 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 611 over time

Sales
Unit 611, each saleTypical two-bed in Balqis Residence 2
2M4M2009201420192024Typical sale price by year: 2009 AED 3,560,000; 2012 AED 2,750,000; 2013 AED 3,692,500; 2014 AED 3,535,905; 2016 AED 3,300,000; 2019 AED 1,700,000; 2020 AED 2,000,000; 2021 AED 1,850,000; 2022 AED 3,000,000; 2023 AED 3,142,500; 2024 AED 3,650,000; 2025 AED 4,400,000Sold by developer, August 2009: AED 3,610,000 (AED 1,876 per sqft)Sold, June 2021: AED 2,600,000 (AED 1,351 per sqft)

611 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 611, each contractTypical two-bed in Balqis Residence 2
100K200K2019202120232025Typical rent by year: 2019 AED 120,000; 2020 AED 110,000; 2021 AED 120,000; 2022 AED 162,500; 2023 AED 212,000; 2024 AED 220,000; 2025 AED 230,000

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 611 sits

All 76 2-beds →

611 last sold in June 2021 at AED 1,351 per sqft, 44% above what two-beds in Balqis Residence 2 were fetching at the time (AED 935). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Feb 20264,900,000
3 Jun 20254,260,000
2 Jun 20254,400,000
16 Apr 20255,000,000
3 2-bed sales in the last 12 months

Balqis Residence 2

Building

147 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%
Balqis Residence 2, Palm Jumeirah: prices, sales and rents →

Other units on the 6th floor

All 147 units in Balqis Residence 2
Value
6013-bedAED 4.6M · Feb 2024
6022-bedAED 4.95M · Dec 2011
6032-bedAED 3.1M · Aug 2022
6043-bedAED 4.87M · Aug 2009
6053-bedAED 3.49M · Feb 2013
606AED 4.35M · Oct 2025
6072-bedAED 3.41M · Aug 2009
1–7 of 15

611, Balqis Residence 2 in numbers

  • Sold twice: first on 16 August 2009 for AED 3,610,000, last on 21 June 2021 for AED 2,600,000 (AED 1,351 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 21 June 2021.

Questions about 611, Balqis Residence 2

What did unit 611 last sell for?

AED 2,600,000 on 21 June 2021: AED 1,351 per sqft for 1,924 sqft. The unit has 2 registered sales; the first was AED 3,610,000 in August 2009.

How big is unit 611?

1,924 sqft (178.7 sqm): a two-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.

What is unit 611 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 611, Balqis Residence 2

Starts from the last sale price (AED 2.6M, 21 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

Plus AED 114,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →