Balqis Residence
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Balqis Residence is a completed apartment development by BALQIS RESIDENCE FZE in Palm Jumeirah, comprising 480 registered units. 580 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,287 per sqft. At AED 2,287 per sqft, Balqis Residence prices 42% below the Palm Jumeirah average of AED 3,918 per sqft on registered sales.
Units
Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.
| Type | Units | PIX© Price | PIX© PSF | PSF YoY | Trend | PIX© Rent /yr | Yield |
|---|---|---|---|---|---|---|---|
PIX© Core Project-Wide 35 – 420,220 sqft | 480 | 8.88M | 2,287 | ↑0.5% | 435K | 4.9% | |
| Residential | |||||||
2 Bed · Apartment 1,837 – 3,853 sqft | 121 | ||||||
3 Bed · Apartment 2,283 – 5,628 sqft | 88 | ||||||
4 Bed · Apartment 3,291 – 9,859 sqft | 38 | ||||||
5 Bed · Apartment 9,562 – 15,685 sqft | 31 | ||||||
6 Bed · Apartment 17,360 sqft | 1 | — | — | — | |||
9 Bed · Apartment 21,922 sqft | 1 | — | — | — | — | — | — |
Studio · Hotel Apartment 659 – 807 sqft | 44 | — | — | ||||
1 Bed · Hotel Apartment 1,027 – 1,536 sqft | 23 | — | — | ||||
2 Bed · Hotel Apartment 1,145 – 2,122 sqft | 14 | — | — | — | — | — | |
3 Bed · Hotel Apartment 1,447 – 2,861 sqft | 21 | — | — | — | — | — | |
| Hospitality | |||||||
Studio · Hotel Room 420,220 sqft | 1 | — | — | — | — | — | — |
| Commercial | |||||||
Other Commercial 5,283 sqft | 1 | — | — | — | — | — | — |
Shop 450 – 1,972 sqft | 14 | — | — | — | |||
Store 35 – 165 sqft | 82 | — | — | — | — | — | — |
| All towers | Tower 1 | Tower 2 | Tower 3 | |
|---|---|---|---|---|
| All units | 53 sales | 13 sales | 20 sales | 10 sales |
| Date | Unit | Position | Size | Price | PSF | vs Prior Sale | Tier | Type |
|---|---|---|---|---|---|---|---|---|
| 14 May 2026 | 3 Bed | Tower 1 · Floor 6 | 4,918 | 16,825,000 | 3,421 | +57.2% | Standard | Standard Sale |
| 24 Feb 2026 | 2 Bed | Tower 2 · Floor 1 | 3,728 | 6,430,265 | 1,725 | +27.6% | Standard | Standard Sale |
| 18 Feb 2026 | 3 Bed | Tower 1 · Floor 6 | 2,283 | 5,850,000 | 2,563 | +192.5% | Standard | Standard Sale |
| All towers | Tower 1 | Tower 3 | Tower 2 | |
|---|---|---|---|---|
| All units | 232 rentals | 46 rentals | 38 rentals | 136 rentals |
| Start Date | Position | Size | Rent / Yr | Rent PSF | vs Prior Rent | Tier | Type |
|---|---|---|---|---|---|---|---|
| 15 Aug 2026 | Tower 1 · Floor 6 | 2,283 | 320,000 | 140 | +103.8% | Standard | new |
| 15 Aug 2026 | Tower 3 · Floor 6 | 2,498 | 317,391 | 127 | -1.6% | Standard | renewal |
| 5 Aug 2026 | Tower 3 · Floor 10 | 2,433 | 260,000 | 107 | — | Entry Level | new |
Comparables
How this project prices against its peers, ranked by PIX© price per square foot.
Comparable projects in Palm Jumeirah
The closest-priced registered projects in Palm Jumeirah.
- Fairmont Palm ResidenceAED 2,279/sqft
- Al ShahlaAED 2,296/sqft
- Abu KeibalAED 2,275/sqft
- Al TamrAED 2,304/sqft
- Jash Hamad - B18AED 2,315/sqft
- Marina ResidenceAED 2,321/sqft
Common questions about Balqis Residence
Answered from Dubai Land Department registered transactions.
How much does a property in Balqis Residence cost?
Property in Balqis Residence sells at a current PIX© price of AED 2,287 per sqft, or about AED 8,878,134 for a typical unit, based on 580 sales registered with the Dubai Land Department.
Is Balqis Residence completed?
Yes. Balqis Residence is recorded as completed in the Dubai Land Department project register (completed q4 2019).
Who is the developer of Balqis Residence?
Balqis Residence is developed by BALQIS RESIDENCE FZE, the developer recorded against the project in the Dubai Land Department register.
What is the rental yield in Balqis Residence?
Balqis Residence yields 4.9% gross, calculated from current PIX© rent against current PIX© sale price, across 917 registered Ejari contracts.
How many units are in Balqis Residence?
Balqis Residence holds 480 registered units across 3 towers, per the Dubai Land Department unit register.
Have prices in Balqis Residence gone up or down?
Price per sqft has risen +0.5% over the last 12 months, to AED 2,287, across 580 registered sales.
About Balqis Residence
Balqis Residence is a completed luxury beachfront residential and serviced apartment complex developed by IFA Hotels & Resorts on the West Crescent of Palm Jumeirah, Dubai.
Overview and Location
Balqis Residence is located on the prestigious West Crescent of Palm Jumeirah, adjacent to Atlantis The Palm. Spanning 141,500 square meters, the mixed-use development forms a key component of the Kingdom of Sheba master project. The project consists of upscale residential and hotel/serviced apartments, offering panoramic views of the Arabian Gulf, Dubai Marina skyline, and other iconic landmarks of the city. It is linked to mainland Dubai via Crescent Road and Palm Jumeirah's trunk.
Architecture and Heritage
The architecture of Balqis Residence is heavily inspired by traditional Arab and Yemeni design heritage, reflecting aesthetic symmetry, beige-colored facades, domed rooftops, and ornamental features. This historic artistry is blended with modern structural designs, including floor-to-ceiling glass windows and curved, shaded balconies that maximize natural light and views of the Persian Gulf.
Project Composition and Property Mix
The complex comprises three multi-building blocks: Balqis Residence Block A, Balqis Residence Block B, and Wyndham Residences The Palm (Block C). In addition to apartments and penthouses in these buildings, the development features a luxury collection of 34 palatial sea-facing villas and elegant townhouses, each equipped with private pools, landscaped gardens, and enclosed three-car garages. Penthouses are laid out as spacious duplexes, ranging up to nine bedrooms.
Amenities and Lifestyle
Residents at Balqis Residence have direct access to a private white sand beach and beach clubs, as well as a range of shared facilities. These include a large outdoor infinity swimming pool, a children's pool, a state-of-the-art gymnasium, full-service spa and wellness centers, kids' play zones, and beautifully landscaped gardens. The development is designed to support a luxury resort lifestyle, featuring on-site boutique shops, dining outlets, and 24/7 security and concierge services.
- Private BeachDirect access to an exclusive private sandy beach on Palm Jumeirah.
- Private Beach ClubShared beachfront club access for residents.
- Outdoor Infinity PoolCommunal outdoor swimming pool with views overlooking the sea.
- State-of-the-Art GymnasiumFully equipped fitness center for training and workouts.
- Spa and Wellness CenterIncludes full-service massage facilities, steam room, and sauna.
- Landscaped GardensLush greenery and beautifully landscaped walking paths.
- Kids PoolShallow swimming area designed for children's safety.
- Kids Play AreaDedicated play spaces for children.
- On-site Restaurants and CafesBoutique dining spots and casual cafes situated on the premises.
- Retail OutletsIncludes on-site shops and a ground-floor convenience grocery store.
- Concierge and Valet Services24/7 dedicated reception, lobby management, and visitor parking services.