Building · Transactions · 2023

Balqis Residence 2 Property Transactions 2023

21 property sales worth ⃃ 77.66M were registered in Balqis Residence 2 in 2023, 4.5% lower than 2022 by number of sales. The median sale price was ⃃ 3,850,000 and the median price per square foot ⃃ 1,509 (+4.3% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 21 salesUpdated: 19 Oct 2026
Property sales
21
−4.5% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 77.66M
−25.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 3,850,000
+4.3% vs 2022
21 sales
Median price per sq ft
⃃ 1,509
+4.3% vs 2022
21 sales

What types of property sold in Balqis Residence 2 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1781%⃃ 77.56M⃃ 4,125,000⃃ 1,568
Commercial419%⃃ 94K⃃ 24,995⃃ 14

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)419%⃃ 94K⃃ 24,995⃃ 14
Resale (secondary)1781%⃃ 77.56M⃃ 4,125,000⃃ 1,568
Ready21100%⃃ 77.66M⃃ 3,850,000⃃ 1,509

How many rental contracts were registered in Balqis Residence 2 in 2023?

84 rental contracts (new and renewed) were registered in Balqis Residence 2 in 2023, at a median annual rent of ⃃ 215,000 (+26.5% on 2022). Rental yields in Balqis Residence 2

What were the most expensive property sales in Balqis Residence 2 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
09/03/2023Balqis Residence 24 beds · Apartment6,894 sq ft⃃ 10,400,000Resale · Ready
22/03/2023Balqis Residence 23 beds · Apartment7,759 sq ft⃃ 9,087,827Resale · Ready
01/11/2023Balqis Residence 24 beds · Apartment6,805 sq ft⃃ 5,119,626Resale · Ready
28/11/2023Balqis Residence 23 beds · Apartment2,508 sq ft⃃ 4,950,000Resale · Ready
22/11/2023Balqis Residence 23 beds · Apartment2,366 sq ft⃃ 4,950,000Resale · Ready
18/05/2023Balqis Residence 23 beds · Apartment2,933 sq ft⃃ 4,600,000Resale · Ready
19/04/2023Balqis Residence 23 beds · Apartment2,365 sq ft⃃ 4,500,000Resale · Ready
15/06/2023Balqis Residence 22 beds · Apartment3,853 sq ft⃃ 4,413,462Resale · Ready
16/05/2023Balqis Residence 23 beds · Apartment2,392 sq ft⃃ 4,125,000Resale · Ready
12/04/2023Balqis Residence 23 beds · Apartment2,392 sq ft⃃ 4,050,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
28/11/2023Balqis Residence 23 beds · Apartment2,508 sq ft⃃ 4,950,000Resale · Ready
22/11/2023Balqis Residence 23 beds · Apartment2,366 sq ft⃃ 4,950,000Resale · Ready
01/11/2023Balqis Residence 24 beds · Apartment6,805 sq ft⃃ 5,119,626Resale · Ready
22/09/2023Balqis Residence 22 beds · Apartment2,112 sq ft⃃ 3,400,000Resale · Ready
15/06/2023Balqis Residence 22 beds · Apartment3,853 sq ft⃃ 4,413,462Resale · Ready
25/05/2023Balqis Residence 23 beds · Apartment2,366 sq ft⃃ 3,850,000Resale · Ready
18/05/2023Balqis Residence 23 beds · Apartment2,933 sq ft⃃ 4,600,000Resale · Ready
16/05/2023Balqis Residence 23 beds · Apartment2,392 sq ft⃃ 4,125,000Resale · Ready
19/04/2023Balqis Residence 23 beds · Apartment2,365 sq ft⃃ 4,500,000Resale · Ready
12/04/2023Balqis Residence 23 beds · Apartment2,392 sq ft⃃ 4,050,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/balqis-residence-2/2023
Balqis Residence 2 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/balqis-residence-2/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Balqis Residence 2 in 2023?
21 property sales worth ⃃ 77,655,090 were registered in Balqis Residence 2 in 2023. That is 4.5% lower than 2022.
What was the median property price in Balqis Residence 2 in 2023?
The median sale price was ⃃ 3,850,000 and the median price per square foot ⃃ 1,509 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Balqis Residence 2 were off-plan or from developers?
Developer (primary) sales were 19% of the 21 sales and resales 81%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/balqis-residence-2/2023