707, Balqis Residence 2
Sold prices and rental history: sold twice, last in May 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 707, Balqis Residence 2
What is 707 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 24 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,965 sqft
- Floor
- 7th of 11
- Parking
- B-276
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 35,000 /yr
- Last sold
- AED 3.65M · May 2024
- Building
- Balqis Residence 2
About 707, Balqis Residence 2
707 is a two-bedroom apartment of 1,965 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 24 May 2024 for AED 3,650,000, or AED 1,857 per sqft, 15% above the AED 1,610 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 31 March 2023, is AED 165,374 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 35,000 a year.
Sales and rents for 707 over time
707 has sold twice; the dashed line is the two-bed median of each year in the building.
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 707 sits
All 76 2-beds →707 last sold in May 2024 at AED 1,857 per sqft, 15% above what two-beds in Balqis Residence 2 were fetching at the time (AED 1,610). 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. 707's AED 165,374 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Feb 202616 February 2026 | 2,267 sqft | 4,900,000 | 2,161 | ||
| 3 Jun 20253 June 2025 | 1,977 sqft | 4,260,000 | 2,154 | ||
| 2 Jun 20252 June 2025 | 1,926 sqft | 4,400,000 | 2,284 | ||
| 16 Apr 202516 April 2025 | 1,978 sqft | 5,000,000 | 2,528 |
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 | ||
| 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 | |
| 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 |
707, Balqis Residence 2 in numbers
- Sold twice: first on 9 April 2013 for AED 3,550,000, last on 24 May 2024 for AED 3,650,000 (AED 1,857 per sqft).
- Rented since March 2022 on 2 Ejari contracts, from AED 150,000 to AED 165,374 a year.
- At AED 165,374 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 35,000 a year (AED 17.81 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 24 May 2024.
Questions about 707, Balqis Residence 2
What did unit 707 last sell for?
AED 3,650,000 on 24 May 2024: AED 1,857 per sqft for 1,965 sqft. The unit has 2 registered sales; the first was AED 3,550,000 in April 2013.
What is the rent for unit 707?
AED 165,374 a year on the contract renewed on 31 March 2023. The previous contract, from March 2022, was AED 150,000.
How big is unit 707?
1,965 sqft (182.6 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 707 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 707, Balqis Residence 2
Starts from the last sale price (AED 3.65M, 24 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,650,000
- Deposit, UAE resident (20%)
- AED 730,000
- Deposit, non-resident (40%)
- AED 1,460,000
- Monthly over 25 years at 3.7%
- AED 14,933
Plus AED 158,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →