Balqis Residence, Palm Jumeirah: sale prices and transactions
Balqis Residence is a project registered with the Dubai Land Department (project no. 611) in Palm Jumeirah. Since June 2009, 497 residential sales have been registered there, the latest in September 2026. Over the last 12 months, 19 sales closed at a median AED 23,929 per m² (AED 2,223 per sq ft).
- AED 23,929median price per m²
- AED 2,223median price per sq ft
- 497sales since 2009
- 19sales in 12 months
- 382registered homes
Its price per m² is 37.6% below the Palm Jumeirah median (AED 38,327/m²). Sales combine off-plan purchases (56.5%) and resales of completed homes.
Balqis Residence prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · 2 bedrooms | 10 | AED 4,625,000 | 190 m² |
| Apartment · 3 bedrooms | 4 | AED 6,015,000 | 223 m² |
| Apartment · 5+ bedrooms | 4 | AED 30,500,000 | 1,295 m² |
Balqis Residence price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 14 | AED 9,928 | AED 922 | — |
| 2020 | 26 | AED 9,151 | AED 850 | -7.8% |
| 2021 | 55 | AED 11,174 | AED 1,038 | +22.1% |
| 2022 | 49 | AED 14,592 | AED 1,356 | +30.6% |
| 2023 | 33 | AED 17,980 | AED 1,670 | +23.2% |
| 2024 | 36 | AED 19,716 | AED 1,832 | +9.7% |
| 2025 | 32 | AED 23,930 | AED 2,223 | +21.4% |
| 2026 (to mid-October) | 8 | AED 21,911 | AED 2,036 | -8.4% |
Balqis Residence rents
90 Ejari contracts started in the project over the last 12 months. Indicative gross yield: 2 bedrooms 4.5%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · 2 bedrooms | 37 | AED 210,000 | 200,000 – 235,459 | AED 215,000 |
| Apartment · 3 bedrooms | 35 | AED 295,000 | 250,000 – 325,000 | AED 295,000 |
| Apartment · 4 bedrooms | 8 | AED 370,000 | 366,250 – 432,500 | — |
| Apartment · 5+ bedrooms | 10 | AED 595,000 | 353,625 – 1,125,000 | — |
Registered homes at Balqis Residence
The DLD register lists 382 homes for this project across 6 buildings (up to 14 floors), with a median size of 197 m².
- Studio: 44
- 1 bedroom: 23
- 2 bedrooms: 135
- 3 bedrooms: 109
- 4 bedrooms: 38
- 5+ bedrooms: 33
Buildings recorded in sales
- BALQIS RESIDENCE 2
- BALQIS RESIDENCE 1
- BALQIS RESIDENCE 3
- Balqis Residence - Garden Villas
- Balqis Residence - Beach Villas
Location
- Nearest metro: Mina Seyahi
- Shopping mall: Marina Mall
- Landmark: Burj Al Arab
Neighbouring projects in Palm Jumeirah
Same price per m² elsewhere in Dubai
- Ayaan Heights I, Bukadra — AED 23,888/m²
- Dd Stand Point, Downtown Dubai — AED 23,932/m²
- Terhab Hotel & Towers at Jumeirah Village Triangle, Jumeirah Village Triangle — AED 23,874/m²
- Creek Horizon, Dubai Creek Harbour — AED 23,947/m²
Other projects in Palm Jumeirah
- Marina Residence — AED 24,127/m²
- Royal Amwaj — AED 24,387/m²
- Emerald Palace Kempinski — AED 23,441/m²
- Club Vista Mare — AED 21,525/m²
- Grandeur Residences — AED 21,105/m²
- Palm Views - West — AED 26,753/m²
- Golden Mile — AED 20,904/m²
- Viceroy Hotel Resorts Residences — AED 28,322/m²
Palm Jumeirah property prices · Palm Jumeirah rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Balqis Residence?
Over the last 12 months the median is AED 2,223 per sq ft (AED 23,929 per m²) across 19 DLD sales.
How much is a 2 bedrooms at Balqis Residence?
Median sale price AED 4,625,000 for a median 190 m², across 10 sales over the last 12 months.
How many sales have been registered at Balqis Residence?
497 residential sales registered with the DLD between June 2009 and September 2026, 56.5% of them off-plan.
Where is Balqis Residence?
In Palm Jumeirah, Dubai; nearest metro station per the DLD: Mina Seyahi.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Registered units: DLD "Units" and "Buildings" datasets (data.dubai).
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.