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

Property Overview

This 2-bedroom apartment in Balqis Residence Block C, Kingdom of Sheba, Palm Jumeirah, is offered at AED 5,990,000. The unit measures 1,909 sq ft, is fully upgraded and furnished, and offers prime sunset and open sea views from a private balcony.

Property Highlights

• Bedrooms: 2
• Bathrooms: 4
• Size: 1,909 sq ft
• Asking price: AED 5,990,000
• Price per sq ft: approximately AED 3,138
• Parking: 1 allocated space
• View: Open sea and sunset views
• Building: Balqis Residence Block C, 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" 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. Construction began in 2008 and the project was substantially completed between 2018 and 2020. Shared amenities include a swimming pool, fitness centre and direct private beach access.

Note on building name: published sources for Balqis Residence describe the complex as comprising Block A, Block B and Wyndham Residences The Palm. A building specifically named "Block C" could not be independently confirmed; this may be an informal or alternate name used by the agent for one of the existing blocks. This is the second listing in this batch referencing "Block C" and should be verified before publishing.

Occupancy and Investment Note

The agent's brief describes this as a tenanted, high-yield investor deal, noting that multiple options are available. No specific tenancy end date or rental amount was supplied, so these are omitted rather than assumed; buyers should confirm current lease terms directly with the agent.

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, bedrooms, bathrooms, parking, furnishing status and view — 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; the specific "Block C" building name is flagged above as unconfirmed. No original purchase price or dated market comparable was supplied, so no savings figures are shown. This listing remains a Draft pending Shabana's review, including confirmation of the building name and tenancy details.