Kingdom of Sheba

562 units · 6 buildings

Kingdom of Sheba is a community in Palm Jumeirah, comprising 562 registered units. 594 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,032 per sqft. At AED 2,032 per sqft, Kingdom of Sheba prices 35% below the Palm Jumeirah median of AED 3,120 per sqft on registered sales.

PIX© price · ↓8.4% YoY

7.05MAED

Typical

2,032AED

PSF

Gross yield

5.8%

PIX© rent ÷ PIX© price

Sale records

594

DLD · all time

Rent contracts

920

Ejari · all time

Explore locations

1 inside Kingdom of Sheba

Balqis Residences

595 sales · 920 rentals

SATELLITE

LocationPalm Jumeirah

Drive times · typical

Downtown Dubai27 min · 26.1 km

DXB Airport30 min · 35.8 km

DIFC28 min · 28.2 km

Dubai Marina19 min · 11.4 km

Palm Jumeirah8 min · 4.4 km

Nearest · straight-line

Metro stationSobha Realty Metro Station5.7 km

MallAtlantis Mall1.7 km

SchoolShehab Allam Academy2.7 km

HospitalBest IVF Hospital in Dubai0.8 km

Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Building

Floor

Units on floor 8

…

5 Bed on Floor 8, Balqis Residence Block C

Size
Record: Aug 2009 to Aug 2025
Owners: 5
Tenants: 3
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
5Owner 5	13 Aug 2025	13 mo	Current owner
3Tenant 3	9 Feb 2023	12 mo	Owner 4
4Owner 4	22 Nov 2021	3.7 yrs
3Owner 3	6 Apr 2021	8 mo	Sold with tenant in place
2Owner 2	3 Mar 2021	34 d	Sold with tenant in place
2Tenant 2	15 Nov 2020	12 mo	Owner 1
1Tenant 1	29 Oct 2020	12 mo	Owner 1
1Owner 1	13 Aug 2009	11.6 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

5 Bed · Floor 8 · Balqis Residence Block C

Nightly rateAED

Occupancy (237 nights)

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Kingdom of Sheba2,032AED/sqft · project-wide

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 - 420,216 sqft	562	7.05M	2,032	↓8.4%		410K	5.8%
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 17,359 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
Hotel Room (Bedrooms Unknown) 420,216 sqft	1	-	-	-	-	-	-
Commercial
Shop 450 - 1,972 sqft	15	-	-	-
Warehouse 35 - 165 sqft	164	-	-	-	-	-	-

Sales - Project-Wide594 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
10 Sep 2026	2 Bed	Balqis Residence Block B · Floor 1	3,728	6,222,800	1,669	-3.2%	Standard	Standard Sale
26 Aug 2026	3 Bed	Balqis Residence Block B · Floor 7	2,367	4,999,900	2,113	-	Standard	Standard Sale
14 May 2026	3 Bed	Balqis Residence Block A · Floor 6	4,918	16,825,000	3,421	+57.2%	Standard	Standard Sale

Rentals - Project-Wide920 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
1 Nov 2026	2 Bed	Balqis Residence Block B · Floor 8	1,977	220,000	111	-	Standard	CERTIFICATE
30 Oct 2026	4 Bed	Balqis Residence Block C · Floor 9	3,493	339,535	97	-	Standard	CONTRACT
19 Sep 2026	4 Bed	Balqis Residence Block C · Floor 6	3,509	369,494	105	-	Standard	CONTRACT

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

This project

—

Compared with

Seven Palm

PIX© PSF

—

Rank

—

#1 of 1

Typical price

—

Yield

—

Units

—

1,200

Sales

—

280

Rents

—

600

Developer

—

SEVEN TIDES LIMITED

Handover

—

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Seven Palm SEVEN TIDES LIMITED · Completed · Off-plan pricing	1,200					280	600

Community median 3,120 AED/sqft. All 1 qualifying community peers shown. 11 community projects excluded for insufficient recorded sales. 55 excluded for trading only in the ready market. 28 excluded for insufficient unit-mix overlap. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Common questions about Kingdom of Sheba

Answered from Dubai Land Department registered transactions.

How much does a property in Kingdom of Sheba cost?

Property in Kingdom of Sheba sells at a current PIX© price of AED 2,032 per sqft, or about AED 7,050,679 for a typical unit, based on 594 sales registered with the Dubai Land Department.

What is the rental yield in Kingdom of Sheba?

Kingdom of Sheba yields 5.8% gross, calculated from current PIX© rent against current PIX© sale price, across 920 registered Ejari contracts.

How many units are in Kingdom of Sheba?

Kingdom of Sheba holds 562 registered units, per the Dubai Land Department unit register.

Have prices in Kingdom of Sheba gone up or down?

Price per sqft has fallen -8.4% over the last 12 months, to AED 2,032, across 594 registered sales.