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

Property Overview

This 3-bedroom apartment in Balqis Residence Block C, Kingdom of Sheba, Palm Jumeirah, is offered at AED 5,000,000. The unit measures 1,944.82 sq ft, sits on a low floor with peaceful community views, and is vacant and ready for immediate occupancy.

Property Highlights

• Bedrooms: 3
• Size: 1,944.82 sq ft
• Asking price: AED 5,000,000
• Price per sq ft: approximately AED 2,571
• Parking: 2 allocated spaces
• Floor: Low floor
• View: Peaceful community views
• Occupancy: Vacant, ready for immediate occupancy
• 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" 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. Construction began in 2008 and the project was substantially completed between 2018 and 2020. Shared amenities include swimming pools 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 third listing in this batch referencing "Block C" and should be verified before publishing.

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, parking, floor, 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; 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. Bathrooms were not supplied in the brief and are omitted rather than assumed. This listing remains a Draft pending Shabana's review, including confirmation of the building name.