2-Bedroom Apartment in Balqis Residence Block B, Kingdom of Sheba, Palm Jumeirah — Below Market

Property Overview

This 2-bedroom apartment in Balqis Residence Block B, Kingdom of Sheba, Palm Jumeirah, is offered at AED 4,700,000 by a motivated seller. The unit measures 2,266.66 sq ft, is fully furnished with elegantly maintained interiors, and is vacant on transfer, ready for immediate occupancy.

Property Highlights

• Bedrooms: 2 (agent describes this as the largest 2-bedroom layout in Balqis Residence)
• Size: 2,266.66 sq ft
• Asking price: AED 4,700,000
• Price per sq ft: approximately AED 2,074
• Furnishing: Fully furnished
• View: Serene Palm Jumeirah views
• Occupancy: Vacant on transfer
• Building: Balqis Residence Block B, 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" with a "motivated seller" and the "lowest priced" 2-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, designed in a traditional Arabic architectural style, 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 a swimming pool, gym, spa and concierge services, alongside direct private beach access.

Location and Connectivity

Kingdom of Sheba sits on the West Crescent of Palm Jumeirah, near Atlantis The Palm on Crescent Road. Specific walking distances or drive times to individual amenities from this unit have not been supplied and are not stated here.

Verification Notes

Unit-specific facts — price, size, bedroom count, furnishing status, view and occupancy status — come from the agent's brief and have not been independently verified by DPF. The price per square foot has been independently calculated from the supplied price and size. Project- and community-level facts (developer, completion status, amenities) are drawn from IFA Hotels & Resorts' published Balqis Residence project information. 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.