3-Bedroom Apartment with Maid's Room in Balqis Residence Block B, Kingdom of Sheba — Below Market

3-Bedroom Apartment Balqis Residence Block A Balqis Residence — Penthouse In At AED Per Sq Ft
3-Bedroom Apartment Balqis Residence Block A Balqis Residence. Penthouse In At AED Per Sq Ft.

AED 5,900,000

Deal typeBelow Market
PriceAED 5,900,000
Bedrooms3
TypeApartment
StatusReady
DeveloperIFA Hotels & Resorts
Area / Master developmentPalm Jumeirah
Sub-community / PhaseKingdom of Sheba
CommunityBalqis Residence

Property Overview

This 3-bedroom apartment with a maid's room in Balqis Residence Block B, Kingdom of Sheba, Palm Jumeirah, is offered at AED 5,900,000. The unit offers full Palm Jumeirah and sea views, with breathtaking views of the Dubai skyline from a large balcony.

Property Highlights

  • Bedrooms: 3, all en-suite, plus a dedicated maid's room
  • Asking price: AED 5,900,000
  • Kitchen: Fully equipped
  • Parking: 1 allocated space, plus visitor parking
  • View: Full Palm Jumeirah and sea views, Dubai skyline
  • 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" 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 a swimming pool, kids' pool, gym and direct private beach access, with meeting facilities also available.

Location and Connectivity

Kingdom of Sheba sits on the West Crescent of Palm Jumeirah, near Atlantis The Palm on Crescent Road. The agent's brief describes the unit as within walking distance of shops, cafes and restaurants. Specific walking distances or drive times to other individual amenities have not been supplied and are not stated here.

Verification Notes

Unit-specific facts — price, bedroom count, maid's room, parking and view — 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 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.

Frequently asked questions

What is the asking price for this Balqis Residence Block B apartment?

The unit is listed at AED 5,900,000.

How many bedrooms does the apartment have?

It has 3 en-suite bedrooms plus a dedicated maid's room.

What views does the apartment offer?

The agent's brief describes full Palm Jumeirah and sea views, with breathtaking views of the Dubai skyline from a large balcony.

Why is this classified as below market?

The agent's brief directly describes this as a "Below Market Unit" and the "lowest priced" 3-bedroom option available. No specific dated comparable transaction or valuation was supplied alongside the brief.

How much parking comes with the unit?

The agent's brief states 1 allocated parking space, plus visitor parking.

What is the size of this apartment?

The agent's brief did not specify the size in square feet; buyers should confirm this directly with the listing agent.

Where is Balqis Residence Block B located?

Balqis Residence is a gated waterfront community by IFA Hotels & Resorts within Kingdom of Sheba, on the West Crescent of Palm Jumeirah. Block B is one of the development's officially documented buildings.

Buyer costs

What you will pay

Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.

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Full payment schedule and unit details are released to qualified buyers on enquiry.

Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.

Finance

Mortgage estimate

Indicative monthly repayment on a UAE bank mortgage.

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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.

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