2 Bedroom Plus Maid Apartment in Balqis Residence 2, Palm Jumeirah, Panoramic Sea View, Rented

Property Overview

This 2-bedroom plus maid apartment with panoramic sea view in Balqis Residence 2, Palm Jumeirah, is offered at AED 6,000,000. The apartment spans 2,003 sqft and is currently rented. Balqis Residence was completed in 2019 and is located on The Crescent of Palm Jumeirah within the Kingdom of Sheba community. No original purchase price or market benchmark has been supplied.

Property Highlights

• 2-bedroom apartment with maid room
• Built-up area: 2,003 sqft
• Panoramic sea view
• Currently rented
• Asking price: AED 6,000,000
• Rate: AED 2,996 per sqft
• Ready property (completed 2019)
• The Crescent, Palm Jumeirah

Benchmark Verification Required

The agent labels this as a distress deal but has not stated an original purchase price, a market price or any dated comparison benchmark. DPF cannot verify the distress claim or calculate a savings figure without a stated benchmark. The deal type is provisionally set to Below Market pending verification.

DPF staff should review DLD transaction records for recent 2-bedroom sales in Balqis Residence to establish whether AED 6,000,000 (AED 2,996 per sqft) represents a genuine below-market opportunity. This listing should not be published until a benchmark has been confirmed.

Tenancy Status

The unit is currently rented. Buyers purchasing a tenanted property should verify the tenancy contract terms, remaining lease period, annual rent amount, Ejari registration and any break clauses. The existing tenancy will transfer to the new owner. The rental income and yield cannot be calculated without the annual rent figure, which was not stated in the agent brief.

About Balqis Residence

Balqis Residence is a luxury waterfront development by IFA Hotels and Resorts on The Crescent of Palm Jumeirah. The complex comprises two buildings with approximately 960 units across 10 floors, offering 2 to 5-bedroom apartments, penthouses, townhouses and villas. Completed in 2019, the development is part of the Kingdom of Sheba community, which also includes Fairmont Heritage Place, Fairmont Vacation Club and Fairmont Kingdom of Sheba.

The architecture is inspired by traditional Arabian and Yemeni heritage blended with modern design. Residents enjoy direct beach access, landscaped gardens, swimming pools, gymnasium facilities, and panoramic views of the Arabian Gulf and Dubai skyline. The development is adjacent to Atlantis The Palm on the West Crescent.

Location and Connectivity

Balqis Residence 2 is situated on The Crescent of Palm Jumeirah, adjacent to Atlantis The Palm. The development provides access to the Palm Jumeirah trunk road connecting to Sheikh Zayed Road. Nearby landmarks include Atlantis Aquaventure, The Lost Chambers, Nakheel Mall and the Palm Monorail. Dubai Marina, JBR Beach and Media City are accessible via the wider road network. Buyers should verify specific travel times independently.

Verification Notes

The asking price, built-up area, bedroom count, maid room, panoramic sea view and rented status are sourced from the agent brief received in September 2026. No original purchase price, market benchmark or annual rental income was supplied. The price per square foot of AED 2,996 is calculated from the asking price and stated built-up area. Project details are drawn from IFA Hotels and Resorts and secondary market sources. Buyers should independently verify all figures, review DLD transaction records, inspect the property, verify the tenancy contract and commission an independent valuation before committing.