716, Balqis Residence 2
Sold prices and rental history: sold 3 times, last in July 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 716, Balqis Residence 2
What is 716 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 14 September 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,511 sqft
- Floor
- 7th of 11
- Parking
- B-47
- Developer
- Balqis Residence
- Completed
- 2019
- Service charge
- AED 44,700 /yr
- Last sold
- AED 2.05M · July 2020
- Building
- Balqis Residence 2
About 716, Balqis Residence 2
716 is a three-bedroom apartment of 2,511 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 July 2020 for AED 2,050,000, or AED 816 per sqft, 10% below the AED 908 three-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 14 September 2025, is AED 290,000 a year: a gross yield of 14.1% on the 2020 price, before the service charge of about AED 44,700 a year.
Sales and rents for 716 over time
716 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 716 sits
All 53 3-beds →716 last sold in July 2020 at AED 816 per sqft, 10% below what three-beds in Balqis Residence 2 were fetching at the time (AED 908).
| 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 | ||
| 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, Balqis Residence 2 in numbers
- Sold 3 times: first on 13 August 2009 for AED 4,840,000, last on 19 July 2020 for AED 2,050,000 (AED 816 per sqft).
- Rented since September 2024 on 2 Ejari contracts, at AED 290,000 a year.
- At AED 290,000 a year the gross yield on the 2020 price is 14.1%, before a service charge of about AED 44,700 a year (AED 17.81 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 14 September 2025.
Questions about 716, Balqis Residence 2
What did unit 716 last sell for?
AED 2,050,000 on 19 July 2020: AED 816 per sqft for 2,511 sqft. The unit has 3 registered sales; the first was AED 4,840,000 in August 2009.
What is the rent for unit 716?
AED 290,000 a year on the contract renewed on 14 September 2025. The previous contract, from September 2024, was AED 290,000.
How big is unit 716?
2,511 sqft (233.3 sqm): a three-bedroom apartment on the 7th floor of a 11-storey tower completed in 2019.
What is unit 716 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 716, Balqis Residence 2
Starts from the last sale price (AED 2.05M, 19 July 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,050,000
- Deposit, UAE resident (20%)
- AED 410,000
- Deposit, non-resident (40%)
- AED 820,000
- Monthly over 25 years at 3.7%
- AED 8,387
Plus AED 91,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →