
Balqis Residence is an outstanding residential project that is part of the prestigious Kingdom Of Sheba ensemble created by the developer IFA Hotels & Resorts. The complex is beautifully located on the artificial island of The Palm Crescent, in the heart of the famous Palm Jumeirah. Balqis Residence includes apartments with 2-5 bedrooms, elegant duplex townhouses and spacious villas with 4-5 bedrooms. Each residence is imbued with the spirit of traditional Arabic style, characterized by panoramic windows and wide balconies offering breathtaking views of the azure waters of the Persian Gulf and the dynamic panorama of Dubai. Key amenities for residents include access to a private beach, several swimming pools, a fitness center, 24-hour concierge service, enhanced security and fine restaurants. Residents also have access to a luxurious spa area for complete relaxation. The strategic location on The Palm Crescent provides residents with easy access to all key points of the city. The famous Atlantis The Palm and Aquaventure Water Park are within walking distance. The popular The Pointe promenade, with its many restaurants, is just a 10-minute drive away. The largest shopping mall, Dubai Mall, is accessible in about 20 minutes by car, and it takes about 30 minutes to get to Dubai International Airport.
Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Balqis Residence launch basis | 7,778 | AED 7.00M | Current launch / asking basis |
| Palm Jumeirah ready-stock comps | 3,200 | AED 2.88M | Indicative resale benchmark |
| Palm Jumeirah premium peer launches | 3,800 | AED 3.42M | New-launch peer set |
| Trophy alternative proxy | 4,700 | AED 4.23M | Higher-end anchor for negotiation context |













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Astraterra Properties
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Palm Jumeirah
Balqis Residence by IFA Hotels & Resorts
Located in Palm Jumeirah
Starting from AED 7,000,000
Unit mix includes 3 BR, 4 BR, Apartments, Villa
Expected handover: Jan 2018
Official brochure and PDF marketing materials available
Official render/gallery images available
Ready-to-move units · Direct from owner · Verified by Astraterra
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence, trophy-level, or discreet high-ticket stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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