616, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in August 2009, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Balqis Residence 2
What is 616 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,514 sqft
- Floor
- 6th of 11
- Parking
- B-40
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 44,800 /yr
- Last sold
- AED 4.77M · August 2009
- Building
- Balqis Residence 2
About 616, Balqis Residence 2
616 is a three-bedroom apartment of 2,514 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 13 August 2009 for AED 4,765,000, or AED 1,895 per sqft, in line with the AED 1,900 three-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 220,000 a year: a gross yield of 4.6% on the 2009 price, before the service charge of about AED 44,800 a year.
Sales and rents for 616 over time
616 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 616 sits
All 53 3-beds →616 last sold in August 2009 at AED 1,895 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 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 | |
| 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, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 13 August 2009 for AED 4,765,000, or AED 1,895 per sqft.
- Rented since August 2023 on 2 Ejari contracts, from AED 200,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2009 price is 4.6%, before a service charge of about AED 44,800 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.
Questions about 616, Balqis Residence 2
What did unit 616 last sell for?
AED 4,765,000 on 13 August 2009, sold by the developer: AED 1,895 per sqft for 2,514 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 220,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 200,000.
How big is unit 616?
2,514 sqft (233.6 sqm): a three-bedroom apartment on the 6th floor of a 11-storey tower completed in 2019.
What is unit 616 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 616, Balqis Residence 2
Starts from the last sale price (AED 4.77M, 13 August 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 4,765,000
- Deposit, UAE resident (20%)
- AED 953,000
- Deposit, non-resident (40%)
- AED 1,906,000
- Monthly over 25 years at 3.7%
- AED 19,495
Plus AED 205,140 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →