Balqis Residence 2 rents
- 53 new leases and 40 renewals in 12 months
- Palm Jumeirah
- near Mina Seyahi
A three-bed here leases for about AED 295,000 a year, 11% below the typical Palm Jumeirah three-bed. New tenants pay more than renewing ones, who pay AED 289,000.
3 bed · typical new lease
295,000AEDa year
AED 110/sqft · -1.4% on a year
- A month, roughly
- AED 24,583
- Renewal
- AED 289,000
- vs Palm Jumeirah 3 bed
- 11% below the median
- New leases, 12 months
- 25
What should a lease in Balqis Residence 2 cost?A three-bed leases for about AED 295,000 a year; new tenants pay 2.1% more than renewing ones
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Palm Jumeirah median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A three-bed here now costs 1.4% less than a year earlier: AED 295,000 against 299,196.
Chart data, 3 bed: 2019, AED 150,000; latest, 2026, AED 272,500; peak, 2025, AED 320,000.
The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.
About Balqis Residence 2An apartment building in Palm Jumeirah
Balqis Residence 2 is an apartment building completed in 2019 in Palm Jumeirah. 93 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
Nearest, as registered
- Metro
- Mina Seyahi
- Mall
- Marina Mall
- Landmark
- Burj Al Arab
Letting a unit in Balqis Residence 2?New tenants pay more than renewing ones
- New tenant vs renewal
- +15.6%
- New leases AED 275,000, renewals 237,959, all types
Ejari leases to 12 Oct 2026
Thinking of selling? Balqis Residence 2 sale prices →Comparables in Palm Jumeirah
Every Palm Jumeirah building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Balqis Residence 2 places 46th of 59; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Balqis Residence 2.
At 3 bed, Balqis Residence 2 ranks 27th of 42 by rent per square foot in Palm Jumeirah.
Market context in Palm Jumeirah
Registered sales activity
748 ready apartment sales in the 12 months to 2026-10-12.
+3.4% in median AED/sqft versus the preceding year, supported by 748 current and 1,092 prior price observations.
Explore sales activityPlanned apartment projects
1,382 known registered units across 7 pending projects planned within one year of the 2026-07-06 register.
3 projects had already passed their planned date; 2 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today.
Ready prices per sqft fell in 26% of 34 buildings (counted once per bedroom type) in Palm Jumeirah with sales in both years; the typical one moved +3.4%.
New-lease rents fell in 81% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved −6.8%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
The Balqis Residence towers
5 towers in Balqis Residence, at the bedroom type above.
Ejari files Balqis Residence’s leases under the project, not a tower, so 3 towers share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.
Palm Jumeirah: every development at this typePalm Jumeirah: every development at this type
Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 3 bed. A median needs 3 rows; a dash with a count means fewer.
Nearby in Palm Jumeirah
Prices per sq ft around Balqis Residence 2, on the mapPrices per sq ft around Balqis Residence 2, on the map
Balqis Residence 3
Palm Jumeirah · 53 contracts, 12 months
275,000
AED a year median · 107/sqft
Balqis Residence 1
Palm Jumeirah · 53 contracts, 12 months
275,000
AED a year median · 107/sqft
Marina Apartments 6
Palm Jumeirah · 203 contracts, 12 months
210,000
AED a year median · 111/sqft
Marina Apartments 3
Palm Jumeirah · 203 contracts, 12 months
210,000
AED a year median · 111/sqft
Ask about Balqis Residence 2
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Common questions
- What is the registered annual rent for a 3 bedroom in Balqis Residence 2?
- The median new annual rent is AED 295,000, from 25 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Balqis Residence 2 risen or fallen?
- The median new annual rent changed -1.4% in the trailing 12 months against the previous 12, using 25 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Do new tenants in Balqis Residence 2 pay more than sitting ones?
- A new tenant pays +2.1% against a renewing one, across 11 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
- How many apartments change hands in Balqis Residence 2?
- 1 sale was registered with the Dubai Land Department in the last 12 months, alongside 25 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Balqis Residence 2?
- Mina Seyahi, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Marina Mall.
For agents
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Balqis Residence 2 rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 17 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
- Canonical record
- /rent/apartments/dubai/palm-jumeirah/balqis-residence-2
Cite as: Dubai Wealth Index. “Balqis Residence 2 rents and yield.” Palm Jumeirah, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/palm-jumeirah/balqis-residence-2
Stable dataJSON