705, Balqis Residence 2
Sold prices and rental history: sold 3 times, last in April 2023, and rented once, from November 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 705, Balqis Residence 2
What is 705 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 19 April 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 2,365 sqft
- Floor
- 7th of 11
- Parking
- B-51, B-52
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 42,100 /yr
- Last sold
- AED 4.5M · April 2023
- Building
- Balqis Residence 2
About 705, Balqis Residence 2
705 is a three-bedroom apartment of 2,365 sqft on the 7th floor of Balqis Residence 2, a 11-storey tower in Palm Jumeirah completed in 2019 by Balqis Residence. It last sold on 19 April 2023 for AED 4,500,000, or AED 1,902 per sqft, 40% above the AED 1,357 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 6 November 2021. The current contract, signed on 6 November 2021, is AED 250,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 42,100 a year.
Sales and rents for 705 over time
705 has sold 3 times; 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 705 sits
All 53 3-beds →705 last sold in April 2023 at AED 1,902 per sqft, 40% above what three-beds in Balqis Residence 2 were fetching at the time (AED 1,357).
| 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 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 | |
| 704 | 2,367 sqft | AED 4.78MAED 4,775,000 · Apr 2013April 2013 | 224,063 /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 |
705, Balqis Residence 2 in numbers
- Sold 3 times: first on 12 May 2013 for AED 4,250,000, last on 19 April 2023 for AED 4,500,000 (AED 1,902 per sqft).
- Rented since November 2021 on one Ejari contract, at AED 250,000 a year.
- At AED 250,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 42,100 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 19 April 2023.
Questions about 705, Balqis Residence 2
What did unit 705 last sell for?
AED 4,500,000 on 19 April 2023: AED 1,902 per sqft for 2,365 sqft. The unit has 3 registered sales; the first was AED 4,250,000 in May 2013.
What is the rent for unit 705?
AED 250,000 a year on the contract signed on 6 November 2021.
How big is unit 705?
2,365 sqft (219.7 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 705 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 705, Balqis Residence 2
Starts from the last sale price (AED 4.5M, 19 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus AED 194,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →