Balqis Residence
Agents Working in Balqis Residence
About the project
Balqis Residence is one of four parts of the Kingdom Of Sheba community, which also includes Fairmont Vacation Club, Fairmont Heritage Place and Fairmont Kingdom of Sheba. The development is located on The Palm Crescent, Palm Jumeirah artificial palm island in Dubai, and the developer of the project is IFA Hotels & Resorts.
Completed in 2018, the complex offers apartments, townhouses and villas with 2-7 bedrooms for sale. All residences are designed in a traditional Arabic style, have panoramic windows and balconies overlooking the Arabian Gulf and Dubai landscape. Some residences are offered for sale with furniture.
Balqis Residence offers two-bedroom apartments of a minimum size of 108 square meters (1,163 square feet), with units starting from AED 2,700,000 (USD 689,000) in size. The size of villas and townhouses for sale ranges from 557 sqm (6,000 sq ft) to 1,347 sqm (15,000 sq ft).
*The price is valid for 2022
The residents of Balqis Residence are offered access to the following amenities:
- a swimming pool;
- a gym;
- a private beach;
- concierge services;
- children’s playgrounds;
- car parking;
- security and video surveillance;
- landscaped grounds;
- views of the Arabian Gulf, the island and the skyline of Dubai;
- stores, restaurants, cafes and bars nearby.
Location
The Balqis Residence is located on the world’s largest man-made island, the Palm Jumeirah. The crescent is connected to the trunk of the palm tree by a car tunnel and monorail, the nearest station is Palm Atlantis Monorail Station which can be reached by Crescent Rd in 4 minutes (or by walking in 23 minutes).
The infrastructure of Palm Jumeirah includes elite residential complexes and hotels, entertainment facilities, catering, shopping and shopping complexes. There are also medical clinics, dentists and pharmacies in the vicinity, but the schools, kindergartens and hospitals are about 20 minutes away by car. The road from Balqis Residence can take residents to the following popular destinations:
- he hotel Atlantis The Palm and Aquaventure Waterpark in 4 minutes;
- The Pointe Palm Shopping Center in10 minutes;
- The Sheikh Zayed Road exit in 12 minutes;
- DXB and Al Maktoum airports in 30 and 40 minutes;
- Burj Khalifa, Dubai Mall and Dubai Fountain in 20 minutes;
- Burj Al Arab in 20 minutes;
- The Walk JBR and La Mer in 20 and 30 minutes respectively.
Return on investment
Palm Jumeirah real estate attracts investors and long-term tenants. Well-developed infrastructure, sandy beaches and luxurious complexes providing accommodation on the island create all the conditions for a comfortable stay. Apartments with 2 bedrooms in Balqis Residence are rented out for about AED 205,000 (USD 53,000), and the property can be bought for AED 2,700,000 – AED 3,400,000 (USD 689,000 – USD 870,000). The return on investment in Palm Jumeirah projects averages 5.74%.
*The price is valid for 2022
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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