5 Bedroom Penthouse in Balqis Residence Block C at AED 3,154 per Sq Ft Below Comparable Market Rate

Property Overview

A 5 bedroom penthouse in Balqis Residence Block C, part of the Kingdom of Sheba community on the West Crescent of Palm Jumeirah, asking AED 39,999,999 for a built-up area of 12,679 sq ft. At AED 3,154 per square foot, the asking rate is approximately 20 percent below a comparable 5 bedroom penthouse in the same block currently listed at AED 50,000,000. The unit is vacant and ready for immediate transfer.

Property Highlights

• 5 en-suite bedrooms
• 6 bathrooms
• Built-up area: 12,679 sq ft
• Open-plan living and dining areas
• Large private terrace with unobstructed panoramic sea and skyline views
• 3 covered parking spaces
• Access to private beach and resort amenities
• Vacant and ready for immediate occupancy or transfer

Why the Price Qualifies as Below Market

The asking price of AED 39,999,999 translates to AED 3,154 per square foot. A directly comparable 5 bedroom penthouse in the same Block C of Balqis Residence, also measuring 12,679 sq ft with 6 bathrooms, is currently listed on Bayut at AED 50,000,000 or AED 3,943 per square foot. This places the subject unit approximately AED 10,000,001 or 20 percent below the comparable listing.

For additional context, other premium listings within Balqis Residences as of September 2026 include renovated duplex penthouses at AED 4,074 to AED 4,387 per sq ft, and 5 bedroom beach villas at AED 4,312 to AED 4,672 per sq ft. The subject unit's rate of AED 3,154 per sq ft sits well below these figures.

This benchmark is based on active listing prices accessed from Bayut and Property Finder in September 2026, not DLD-recorded transactions. Listing prices may not reflect final transacted values. Buyers should commission an independent valuation and review actual DLD transaction records before making a purchase decision.

About Balqis Residence and Kingdom of Sheba

Balqis Residence is a luxury waterfront development by IFA Hotels and Resorts, located on the West Crescent of Palm Jumeirah within the Kingdom of Sheba community. The project was completed around 2020 and spans approximately 1,478,000 sq ft of prime land. The development includes 240 apartments, 28 townhouses and 34 villas across three residential blocks, designated A, B and C.

The architectural design draws inspiration from traditional Arabian and Yemeni heritage, combining ornamental facades, warm beige exteriors and domed rooftops with modern interior finishes. Interiors feature open floor plans, marble flooring, premium kitchens, built-in wardrobes and floor-to-ceiling glass maximising natural light and sea views.

The Kingdom of Sheba community also includes the Fairmont Vacation Club, Fairmont Heritage Place and the Fairmont Kingdom of Sheba hotel, creating a resort-style residential environment on the Palm.

Location and Connectivity

Balqis Residence sits on the West Crescent of Palm Jumeirah, one of the island's most established waterfront addresses. The West Crescent offers views across the Arabian Gulf toward Dubai Marina, Bluewaters Island and the Ain Dubai observation wheel. Residents are within proximity of Nakheel Mall, the Atlantis resort complex and the Palm Monorail connecting to the broader Dubai tram and metro network. Key destinations including Dubai Marina, Mall of the Emirates and Downtown Dubai are accessible via Sheikh Zayed Road.

Layout and Features

The penthouse spans 12,679 sq ft across 5 en-suite bedrooms and 6 bathrooms. The layout includes open-plan living and dining areas designed to take advantage of the panoramic views. A large private terrace provides outdoor space with unobstructed sea and skyline views. The unit comes with 3 covered parking spaces. The agent describes the property as vacant and in ready condition for immediate occupancy or title transfer.

Verification Notes

The property details including bedroom and bathroom count, built-up area, parking, view description, vacancy status and asking price are sourced from the agent brief received on 8 September 2026. The below-market classification is based on a comparison with a comparable 5 bedroom penthouse listing in the same Block C of Balqis Residence at AED 50,000,000, identified on Bayut in September 2026. This is a listing-price comparison, not a DLD transaction benchmark. No original purchase price or seller SPA was supplied. The claim of lowest-priced 5 bedroom penthouse in Block C has not been independently verified beyond the listings reviewed. Project facts are sourced from IFA Hotels and Resorts developer information and property portal data. Buyers are advised to conduct independent due diligence including a RERA-registered valuation, DLD transaction history review and physical inspection of the property.