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Ready building · IFA

Balqis Residence 1, Palm Jumeirah

Highlights

Balqis Residence 1 at a glance

About Balqis Residence 1

Balqis Residence 1 is a mixed-use building in Palm Jumeirah, Dubai, developed by IFA. It holds about 84 units: 2-bedroom apartments, 3-bedroom apartments, 4-bedroom apartments, 5-bedroom apartments, 6-bedroom apartments, commercial units.

The building was completed in 2019 and has been in use for about 7 years. 5 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,114 per sq ft.

Balqis Residence 1 is one of 148 buildings in Palm Jumeirah: 88 are complete and 22 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Palm Jumeirah, Dubai
  • Developed by IFA
  • Completed in Q4 2019
  • Unit types: 2 Beds, 3 Beds, 4 Beds, 5 Beds, 6 Beds, Commercial
  • Sizes from 50 to 17,360 sq ft
  • DAMAC Properties metro station 5.9 km away
Status
Ready
Developer
IFA
Location
Palm Jumeirah, Dubai
Completed
Q4 2019
Unit types
2 Beds, 3 Beds, 4 Beds, 5 Beds, 6 Beds, Commercial
Prices from
AED 1.6M
Median price per sq ft
AED 2,114
Median gross yield
4.3%
Nearest metro
Mina Seyahi, 5 km

Building details

Inside Balqis Residence 1

Properties in Balqis Residence 1

2-bedroom apartments in Balqis Residence 1

There are about 22 of these in Balqis Residence 1, from 1,840 to 2,220 sq ft. They have recently sold for a median of AED 6.5M, or AED 3,100 per sq ft. Owners who resold made a median 69% over what they paid.

3-bedroom apartments in Balqis Residence 1

There are about 18 of these in Balqis Residence 1, from 2,280 to 8,260 sq ft. They have recently sold for a median of AED 11.3M, or AED 2,990 per sq ft.

4-bedroom apartments in Balqis Residence 1

There are about 11 of these in Balqis Residence 1, from 3,290 to 9,540 sq ft. They have recently sold for a median of AED 9.2M, or AED 2,720 per sq ft. Owners who resold made a median 4% over what they paid.

5-bedroom apartments in Balqis Residence 1

There are about 2 of these in Balqis Residence 1, from 11,300 to 11,450 sq ft. None has sold recently enough to quote a price.

6-bedroom apartments in Balqis Residence 1

There are about 1 of these in Balqis Residence 1, from 17,360 sq ft. They have recently sold for a median of AED 34.0M, or AED 1,960 per sq ft.

Commercial units in Balqis Residence 1

There are about 30 of these in Balqis Residence 1, from 50 to 1,900 sq ft. None has sold recently enough to quote a price.

Unit types in Balqis Residence 1 with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
2 Beds221,840 sqft170.9 sqmt – 2,220 sqft206.2 sqmtAED 6.5M–
3 Beds182,280 sqft211.8 sqmt – 8,260 sqft767.4 sqmtAED 11.3MAED 750K
4 Beds113,290 sqft305.7 sqmt – 9,540 sqft886.3 sqmtAED 9.2MAED 450K
5 Beds211,300 sqft1,049.8 sqmt – 11,450 sqft1,063.7 sqmtNo recent sales–
6 Beds117,360 sqft1,612.8 sqmtAED 34M–
Commercial3050 sqft4.6 sqmt – 1,900 sqft176.5 sqmtNo recent sales–

Recent transactions in Balqis Residence 1

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 16.8M

    AED 3,421 /sqftAED 36,823 /sqmt

    ReadyApartment
    4,918 sqft456.9 sqmt3 BedsOwner14 May 2026

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 5.9M

    AED 2,562 /sqftAED 27,577 /sqmt

    ReadyApartment
    2,283 sqft212.1 sqmt3 BedsOwner18 Feb 2026

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 34M

    AED 1,959 /sqftAED 21,087 /sqmt

    ReadyApartment
    17,359 sqft1,612.7 sqmt6 BedsOwner5 Feb 2026

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 6.5M

    AED 3,098 /sqftAED 33,347 /sqmt

    ReadyApartment
    2,098 sqft194.9 sqmt2 BedsOwner25 Nov 2025

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 9.2M

    AED 2,722 /sqftAED 29,299 /sqmt

    ReadyApartment
    3,361 sqft312.2 sqmt4 BedsOwner12 Nov 2025

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 16.9M

    AED 3,225 /sqftAED 34,714 /sqmt

    ReadyApartment
    5,225 sqft485.4 sqmt3 BedsOwner4 Jun 2025

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 3.8M

    AED 1,868 /sqftAED 20,107 /sqmt

    ReadyApartment
    2,008 sqft186.5 sqmt2 BedsOwner22 Apr 2025

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 8.8M

    AED 2,619 /sqftAED 28,191 /sqmt

    ReadyApartment
    3,360 sqft312.2 sqmt4 BedsOwner17 Apr 2025

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 4M

    AED 934 /sqftAED 10,053 /sqmt

    ReadyApartment
    4,283 sqft397.9 sqmt3 BedsDeveloper13 Apr 2025

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 3.9M

    AED 2,096 /sqftAED 22,561 /sqmt

    ReadyApartment
    1,837 sqft170.7 sqmt2 BedsOwner18 Feb 2025

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 13M

    AED 1,136 /sqftAED 12,228 /sqmt

    ReadyApartment
    11,446 sqft1,063.4 sqmt5 BedsOwner9 Jan 2025

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 4M

    AED 1,907 /sqftAED 20,527 /sqmt

    ReadyApartment
    2,098 sqft194.9 sqmt2 BedsOwner20 Nov 2024

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 10.7M

    AED 2,176 /sqftAED 23,422 /sqmt

    ReadyApartment
    4,918 sqft456.9 sqmt3 BedsOwner25 Oct 2024

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 8.7M

    AED 2,592 /sqftAED 27,900 /sqmt

    ReadyApartment
    3,356 sqft311.8 sqmt4 BedsOwner1 Jul 2024

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 3.3M

    AED 1,679 /sqftAED 18,073 /sqmt

    ReadyApartment
    1,971 sqft183.1 sqmt2 BedsOwner10 Jun 2024

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 12.2M

    AED 2,335 /sqftAED 25,134 /sqmt

    ReadyApartment
    5,225 sqft485.4 sqmt3 BedsOwner4 Jun 2024

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 3.6M

    AED 1,834 /sqftAED 19,741 /sqmt

    ReadyApartment
    1,936 sqft179.9 sqmt2 BedsOwner1 May 2024

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 12M

    AED 2,132 /sqftAED 22,949 /sqmt

    ReadyApartment
    5,628 sqft522.9 sqmt3 BedsOwner20 Nov 2023

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 9.3M

    AED 813 /sqftAED 8,751 /sqmt

    ReadyApartment
    11,446 sqft1,063.4 sqmt5 BedsDeveloper6 Apr 2023

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 8.1M

    AED 1,292 /sqftAED 13,907 /sqmt

    ReadyApartment
    6,270 sqft582.5 sqmt3 BedsOwner5 Apr 2023

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 750K/yr

    ApartmentRenewal
    5,628 sqft522.9 sqmt3 Bedsto

  • Balqis Residence 1, Balqis Residence

    Palm Jumeirah

    AED 450K/yr

    ApartmentRenewal
    8,037 sqft746.7 sqmt4 Bedsto

Every sale in Balqis Residence 1Every rent contract in Balqis Residence 1

Available now

Properties for sale and rent in Balqis Residence 1

Units in Balqis Residence 1 listed with fäm right now. Each listing has its own photos, price and the broker handling it.

Nearby amenities

Around Balqis Residence 1

Transportation near Balqis Residence 1

The nearest Dubai Metro station from Balqis Residence 1 is DAMAC Properties (red line, 5.9 km, about 14 min drive), then Nakheel (red line, 5.9 km, about 14 min drive). Stations planned on new lines nearby include Mina Seyahi (orange line, 5 km, about 12 min drive) and Media City (orange line, 5.1 km, about 12 min drive). Most residents will drive or take a taxi to the metro.

  • Mina SeyahiOrange line · 5 km · about 12 min drive
  • Media CityOrange line · 5.1 km · about 12 min drive
  • Palm JumeirahOrange line · 5.1 km · about 12 min drive
  • Jumeirah Beach Residence 1Orange line · 5.3 km · about 13 min drive
  • Knowledge VillageOrange line · 5.4 km · about 13 min drive
  • Marina TowersOrange line · 5.5 km · about 13 min drive

Shopping and groceries near Balqis Residence 1

The closest is The Pointe, 1.3 km from Balqis Residence 1 (about 5 min drive).

  • The PointeShopping Mall · 1.3 km · about 5 min drive
  • Limited retail along Shoreline ApartmentsShopping Mall · 3.7 km · about 9 min drive
  • Al Maya / Bahar 6, Jumeirah Beach ResidenceSupermarket · 5.4 km · about 13 min drive
  • Spinneys / Emaar Towers, Dubai MarinaSupermarket · 5.4 km · about 13 min drive
  • Marina WalkShopping Mall · 5.5 km · about 13 min drive

Restaurants and hotels near Balqis Residence 1

The closest is Atlantis The Palm, Dubai, 1.4 km from Balqis Residence 1 (about 5 min drive).

  • Atlantis The Palm, DubaiHotel · 1.4 km · about 5 min drive
  • Lotus Hotel Apartments & Spa - MarinaHotel · 2.6 km · about 7 min drive
  • Marina View Deluxe Hotel ApartmentHotel · 2.6 km · about 7 min drive
  • The Residences, Palm JumeirahHotel · 3.1 km · about 8 min drive
  • Oceana, The Palm JumeirahHotel · 3.2 km · about 8 min drive

Hospitals and clinics near Balqis Residence 1

The closest is Cosmesurge & Emirates Hospital, 4.9 km from Balqis Residence 1 (about 12 min drive).

  • Cosmesurge & Emirates HospitalHospital · 4.9 km · about 12 min drive
  • Dr Marc Mueller VIP ClinicHospital · 5.1 km · about 12 min drive
  • Mediclinic - Al SufouhHospital · 5.5 km · about 13 min drive
  • Eternity Medicine Institute DubaiHospital · 5.6 km · about 13 min drive
  • Eternity Medicine InstituteHospital · 5.9 km · about 14 min drive

Parks and leisure near Balqis Residence 1

The closest is JBR Beach, 5.4 km from Balqis Residence 1 (about 13 min drive).

  • JBR BeachPark · 5.4 km · about 13 min drive

Schools near Balqis Residence 1

The nearest is Icademy Middle East Fz.Llc, 5.4 km away. Ratings are the KHDA's latest inspection grades.

  • Icademy Middle East Fz.LlcAmerican · KHDA: Not inspected yet · 5.4 km
  • Dubai CollegeUK · KHDA: Outstanding · 6 km
  • The International School of ChoueifatSABIS (UK/US) · KHDA: Acceptable · 6.3 km
  • Regent International Private School L.L.CUK · KHDA: Very good · 7.3 km
  • GEMS Dubai American Academy - Dubai BranchAmerican - International Baccalaureate · KHDA: Outstanding · 7.3 km
  • GEMS Wellington International School - Dubai BranchUK - UK/IB - International Baccalaureate (1 · KHDA: Outstanding · 7.4 km

Other buildings in Palm Jumeirah

Palm Jumeirah has 148 buildings. A few others to compare Balqis Residence 1 with:

All 148 Palm Jumeirah buildings →

Things to consider about Balqis Residence 1

In its favour

  • Owners who resold have made money: a median gain of up to 69%.
  • Ready to move into or let, with no construction risk.

Worth checking

  • Few sales each year, so a resale can take longer and prices move on a handful of deals.
  • The nearest running metro station is 5.9 km away, so a car helps.

FAQs

Balqis Residence 1: questions answered

Balqis Residence 1 was developed by IFA in Palm Jumeirah.

Balqis Residence 1 is completed in Q4 2019.

Across its 20 most recent registered sales, Balqis Residence 1 sold for a median of AED 2,114 per sq ft and AED 8.8M per unit.

Recent yearly contracts in Balqis Residence 1 have a median rent of AED 600.0K.

The median gross yield on recently sold units in Balqis Residence 1 is 4.3%: the rent the unit earned over its purchase price, before costs.

Balqis Residence 1 has 2 Beds (1,840 to 2,220 sq ft), 3 Beds (2,280 to 8,260 sq ft), 4 Beds (3,290 to 9,540 sq ft), 5 Beds (11,300 to 11,450 sq ft), 6 Beds (17,360 sq ft), Commercial (50 to 1,900 sq ft).

Mina Seyahi is about 5 km from Balqis Residence 1.

The nearest schools include Icademy Middle East Fz.Llc (5.4 km), Dubai College (6 km), The International School of Choueifat (6.3 km).

Buying, selling or renting in Balqis Residence 1?

A broker who works Palm Jumeirah will tell you what is available and what comparable homes went for.

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