704, Balqis Residence 2
Sold prices and rental history: sold once, by the developer in April 2013, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Balqis Residence 2
What is 704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 31 October 2025.
Key facts
- Type
- Apartment
- Size
- 2,367 sqft
- Floor
- 7th of 11
- Parking
- B-43
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,200 /yr
- Last sold
- AED 4.78M · April 2013
- Building
- Balqis Residence 2
About 704, Balqis Residence 2
704 is an apartment of 2,367 sqft on the 7th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. The developer sold it on 9 April 2013 for AED 4,775,000, or AED 2,017 per sqft.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 31 October 2025, is AED 224,063 a year: a gross yield of 4.7% on the 2013 price, before the service charge of about AED 42,200 a year.
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 7th floor
All 147 units in Balqis Residence 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 2,512 sqft | AED 4.5MAED 4,500,000 · May 2011May 2011 | 390,000 /yr | |
| 702 | 2-bed | 1,979 sqft | AED 3.09MAED 3,092,720 · Feb 2013February 2013 | 200,000 /yr | |
| 703 | 2-bed | 2,005 sqft | AED 3.73MAED 3,730,000 · Jun 2022June 2022 | 140,000 /yr | |
| 705 | 3-bed | 2,365 sqft | AED 4.5MAED 4,500,000 · Apr 2023April 2023 | 250,000 /yr | |
| 706 | 2-bed | 1,958 sqft | AED 3.66MAED 3,660,000 · Aug 2009August 2009 | 230,000 /yr | |
| 707 | 2-bed | 1,965 sqft | AED 3.65MAED 3,650,000 · May 2024May 2024 | 165,374 /yr | |
| 708 | 2-bed | 2,132 sqft | AED 1.74MAED 1,740,000 · Apr 2021April 2021 | 210,000 /yr | |
| 709 | 2-bed | 2,151 sqft | AED 3.75MAED 3,750,000 · Jun 2024June 2024 | ||
| 710 | 1,965 sqft | AED 4.7MAED 4,700,000 · Dec 2025December 2025 | 210,000 /yr | ||
| 711 | 2-bed | 1,924 sqft | AED 3.66MAED 3,660,000 · Aug 2009August 2009 | 210,000 /yr | |
| 712 | 3-bed | 2,392 sqft | AED 4.93MAED 4,925,000 · Dec 2024December 2024 | 165,000 /yr | |
| 713 | 3-bed | 2,911 sqft | AED 5.31MAED 5,305,000 · Aug 2009August 2009 | ||
| 714 | 2-bed | 1,948 sqft | AED 3.48MAED 3,475,000 · Apr 2024April 2024 | 340,000 /yr | |
| 715 | 2-bed | 1,928 sqft | AED 3.66MAED 3,660,000 · Aug 2009August 2009 | 230,000 /yr | |
| 716 | 3-bed | 2,511 sqft | AED 2.05MAED 2,050,000 · Jul 2020July 2020 | 290,000 /yr |
704, Balqis Residence 2 in numbers
- Sold once: by Balqis Residence on 9 April 2013 for AED 4,775,000, or AED 2,017 per sqft.
- Rented since November 2020 on 5 Ejari contracts, from AED 140,000 to AED 224,063 a year.
- At AED 224,063 a year the gross yield on the 2013 price is 4.7%, 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 31 October 2025.
Questions about 704, Balqis Residence 2
What did unit 704 last sell for?
AED 4,775,000 on 9 April 2013, sold by the developer: AED 2,017 per sqft for 2,367 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 224,063 a year on the contract signed on 31 October 2025. The previous contract, from November 2024, was AED 213,393; the unit has been rented since November 2020.
How big is unit 704?
2,367 sqft (219.9 sqm): an apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 704 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 704, Balqis Residence 2
Starts from the last sale price (AED 4.78M, 9 April 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 4,775,000
- Deposit, UAE resident (20%)
- AED 955,000
- Deposit, non-resident (40%)
- AED 1,910,000
- Monthly over 25 years at 3.7%
- AED 19,536
Plus AED 205,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →