Market bulletin · Thu, 22 Oct 2026
Balqis Residence 2: 0 sales worth AED 0 in 30 days
Balqis Residence 2 recorded 0 sales worth AED 0 in the 30 days to Thu, 22 Oct 2026. Over the last week 0 sales were registered (AED 0), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Palm Jumeirah, Balqis Residence 2 ranked #11 of 11 leading projects by 12-month sales value; it is developed by IFA Hotel & Resorts.
Leases registered in the last three months had a median annual rent of AED 238K. The best gross yield is on 2 BR apartments at about 4.7%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | AED 1,836 |
| Nov 24 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 0 |
| Sept 26 | 0 | 0 | 1 |
| Aug 26 | 0 | 0 | 1 |
| Jul 26 | 0 | 0 | 0 |
| Jun 26 | 0 | 0 | 0 |
| May 26 | 0 | 0 | 0 |
| Apr 26 | 0 | 0 | 0 |
| Mar 26 | 0 | 0 | 0 |
| Feb 26 | 0 | 0 | 1 |
| Jan 26 | 0 | 0 | 0 |
| Dec 25 | 0 | 0 | 1 |
| Nov 25 | 0 | 0 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 0 | — | AED 0 | — | — |
| Last 3 months | 2 | — | AED 11.2M | — | — |
| Last 6 months | 2 | down 33.3% | AED 11.2M | — | — |
| Last 12 months | 7 | down 53.3% | AED 33.5M | 2,162 | up 19.0% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 7 | 100% | AED 4.70M | 2,162 | up 19.0% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 2 bedrooms | 6 | 86% | AED 4.58M | 2,192 | up 17.9% |
| 3 bedrooms | 1 | 14% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| AED 2M–10M | 7 | 100% | AED 4.70M | 2,162 | up 16.3% |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | — |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | AED 210K |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | — |
| Nov 24 | — |
- Leases (12M)
- 55
- New leases
- 36.4%
- Median rent 3M
- AED 238K
- Rent/sqft 3M
- AED 106
| 2 BR apartments | AED 214K / AED 4.58M | 4.7% |
|---|
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 2 BR | 23 | AED 214K | — | 109 |
| 3 BR | 18 | AED 265K | — | 104 |
Competing projects in Palm Jumeirah
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Bella - Passo Building 2Beyond Developments | 59 | 5,664 | up 6.2% |
| Passo Building 1Beyond Developments | 60 | 5,723 | — |
| Como Residences | 11 | 5,624 | — |
| Signature Villas Frond G (Al Shishi)Nakheel | 4 | — | — |
| Signature Villas Frond N (Al Naghal)Nakheel | 6 | 9,358 | — |
| The Royal Atlantis ResidencesAtlantis The Palm 2 Development | 16 | 8,446 | — |
| Avita - Passo Building 1Beyond Developments | 47 | 6,403 | — |
| Signature Villas Frond F (Al Yabri)Nakheel | 3 | — | — |
| Six Senses Residences The PalmSelect Group | 14 | 6,933 | — |
| The Alba Residences 1Omniyat Properties | 6 | 8,770 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 6.22M | 2 BR Apartment · 3,728 sqftBalqis Residence 2 · Palm Jumeirah | 10 Sept |
| AED 5.00M | 3 BR Apartment · 2,367 sqftBalqis Residence 2 · Palm Jumeirah | 26 Aug |
Questions about Balqis Residence 2
How many properties were sold in Balqis Residence 2 in the last year?
7 sales worth AED 33.5M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Balqis Residence 2?
The median annual rent on leases registered in the last three months was AED 238K, and the best gross rental yield is about 4.7%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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