3-Bedroom Apartment in Balqis Residence Block A, Kingdom of Sheba — Below Market, Negotiable

Property Overview

This 3-bedroom apartment in Balqis Residence Block A, Kingdom of Sheba, Palm Jumeirah, is offered at AED 6,850,000, with the agent's brief noting the price is open to negotiation. The unit is fully furnished, vacant on transfer, and ready for immediate occupancy.

Property Highlights

• Bedrooms: 3, with ample built-in storage
• Asking price: AED 6,850,000 (negotiable, per agent)
• Furnishing: Fully furnished
• Occupancy: Vacant on transfer
• Interior: Expansive living and dining areas, well-appointed kitchen, elegant finishes
• Building: Balqis Residence Block A, Kingdom of Sheba, Palm Jumeirah
• Developer: IFA Hotels & Resorts

Why the Price Qualifies as Below Market

The agent's brief describes this directly as a "Below Market Unit" and the "lowest priced" 3-bedroom option available. No specific dated comparable sale, valuation report or price benchmark was supplied alongside the brief to support the comparison, so this classification is carried as the agent's stated basis rather than an independently verified market comparison. Buyers should request supporting comparable evidence before relying on this classification.

About the Project, Developer and Community

Balqis Residence is a gated, mixed-use waterfront enclave by IFA Hotels & Resorts within the Kingdom of Sheba master development, on the West Crescent of Palm Jumeirah. The complex spans roughly 1,478,000 sq ft and comprises apartments, townhouses, penthouses and beachfront villas with 2 to 7-bedroom layouts, across Block A, Block B and Wyndham Residences The Palm. Construction began in 2008 and the project was substantially completed between 2018 and 2020. Shared amenities include swimming pools, fitness facilities and direct private beach access, set within a peaceful, resort-style atmosphere.

Location and Connectivity

Kingdom of Sheba sits on the West Crescent of Palm Jumeirah, near Atlantis The Palm on Crescent Road, with the agent's brief noting proximity to top fine dining, retail and leisure spots. Specific walking distances or drive times to individual amenities have not been supplied and are not stated here.

Verification Notes

Unit-specific facts — price, bedroom count, furnishing status, occupancy status and interior features — come from the agent's brief and have not been independently verified by DPF. Project- and community-level facts (developer, completion status, amenities) are drawn from IFA Hotels & Resorts' published Balqis Residence project information. The unit's size in square feet was not supplied, so price per square foot cannot be calculated and is not shown. No original purchase price or dated market comparable was supplied, so no savings figures are shown. Bathrooms, parking and floor were not supplied in the brief and are omitted rather than assumed. This listing remains a Draft pending Shabana's review, including obtaining the unit size from the agent.