Balqis Residence
✓ Resale Available

Balqis Residence

From AED 7.00M·Completed Jan 2018·Developer payment plan available Payment
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AED 7.00M
Starting Price
Jan 2018
Handover
Developer payment plan available
Payment Plan
3 BR · 4 BR
Type

Project Overview

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.

Project Specifications
DeveloperIFA Hotels & Resorts
LocationPalm Jumeirah
Unit Types3 BR, 4 BR, Apartments, Villa
AreaPalm Jumeirah
OwnershipFreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

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.

Projected Cap Rate
4.3%
NOI AED 302,050 / year
Cash-on-Cash
1.8%
Levered cashflow AED 71,050
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 455,000 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Balqis Residence launch basis7,778AED 7.00MCurrent launch / asking basis
Palm Jumeirah ready-stock comps3,200AED 2.88MIndicative resale benchmark
Palm Jumeirah premium peer launches3,800AED 3.42MNew-launch peer set
Trophy alternative proxy4,700AED 4.23MHigher-end anchor for negotiation context

Gallery

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Balqis Residence official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from IFA Hotels & Resorts.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

Beach Club
Bike path
Children’s pool
Club house
Concierge Service
Dining outlets (coffee houses & restaurants)
Jogging tracks
Kids Play Area
Landscaped garden
Landscaped park
Leisure areas
Lift
Lobby
Lounge
Parking
Pets Allowed
Pool Deck
Private pool
Recreational areas
Resting Areas
Retail outlets
SPA
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Treatment Room
Walking paths

Location

Palm Jumeirah

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Palm JumeirahPalm JumeirahDubai, UAE

Developer Track Record

01

Balqis Residence by IFA Hotels & Resorts

02

Located in Palm Jumeirah

03

Starting from AED 7,000,000

04

Unit mix includes 3 BR, 4 BR, Apartments, Villa

05

Expected handover: Jan 2018

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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