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Ready building · IFA

Balqis Residence 2, Palm Jumeirah

Highlights

Balqis Residence 2 at a glance

About Balqis Residence 2

Balqis Residence 2 is a mixed-use building in Palm Jumeirah, Dubai, developed by IFA. It holds about 277 units: 2-bedroom apartments, 3-bedroom apartments, 4-bedroom apartments, 5-bedroom apartments, commercial units. Depending on the unit, windows look out over Community.

The building was completed in 2019 and has been in use for about 7 years. 7 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,158 per sq ft.

Balqis Residence 2 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, Commercial
  • Sizes from 60 to 15,680 sq ft
  • Views: Community View
  • 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, Commercial
Prices from
AED 606.0K
Median price per sq ft
AED 2,158
Median gross yield
4.3%
Nearest metro
Mina Seyahi, 5 km

Photos of Balqis Residence 2

Building details

Inside Balqis Residence 2

Properties in Balqis Residence 2

2-bedroom apartments in Balqis Residence 2

There are about 84 of these in Balqis Residence 2, from 1,890 to 3,850 sq ft. They have recently sold for a median of AED 5.6M, or AED 2,260 per sq ft. Owners who resold made a median 14% over what they paid.

3-bedroom apartments in Balqis Residence 2

There are about 55 of these in Balqis Residence 2, from 2,360 to 8,690 sq ft. They have recently sold for a median of AED 5.0M, or AED 2,110 per sq ft.

4-bedroom apartments in Balqis Residence 2

There are about 7 of these in Balqis Residence 2, from 6,380 to 8,700 sq ft. None has sold recently enough to quote a price.

5-bedroom apartments in Balqis Residence 2

There are about 4 of these in Balqis Residence 2, from 9,560 to 15,680 sq ft. None has sold recently enough to quote a price.

Commercial units in Balqis Residence 2

There are about 127 of these in Balqis Residence 2, from 60 to 6,710 sq ft. None has sold recently enough to quote a price.

Unit types in Balqis Residence 2 with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
2 Beds841,890 sqft175.6 sqmt – 3,850 sqft357.7 sqmtAED 5.6MAED 210K
3 Beds552,360 sqft219.3 sqmt – 8,690 sqft807.3 sqmtAED 5MAED 270K
4 Beds76,380 sqft592.7 sqmt – 8,700 sqft808.3 sqmtNo recent sales–
5 Beds49,560 sqft888.2 sqmt – 15,680 sqft1,456.7 sqmtNo recent sales–
Commercial12760 sqft5.6 sqmt – 6,710 sqft623.4 sqmtNo recent sales–

Recent transactions in Balqis Residence 2

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 6.5M

    AED 3,296 /sqftAED 35,478 /sqmt

    ReadyApartment
    1,957 sqft181.8 sqmt2 BedsOwner26 Oct 2026

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 6.2M

    AED 1,669 /sqftAED 17,965 /sqmt

    ReadyApartment
    3,728 sqft346.3 sqmt2 BedsOwner10 Sept 2026

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 5M

    AED 2,112 /sqftAED 22,733 /sqmt

    ReadyApartment
    2,367 sqft219.9 sqmt3 BedsOwner26 Aug 2026

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 6.4M

    AED 1,725 /sqftAED 18,568 /sqmt

    ReadyApartment
    3,728 sqft346.3 sqmt2 BedsOwner24 Feb 2026

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.9M

    AED 2,161 /sqftAED 23,261 /sqmt

    ReadyApartment
    2,267 sqft210.6 sqmt2 BedsOwner16 Feb 2026

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.7M

    AED 2,392 /sqftAED 25,747 /sqmt

    ReadyApartment
    1,965 sqft182.6 sqmt2 BedsOwner4 Dec 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.6M

    AED 2,367 /sqftAED 25,478 /sqmt

    ReadyApartment
    1,922 sqft178.6 sqmt2 BedsOwner27 Nov 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.5M

    AED 2,223 /sqftAED 23,928 /sqmt

    ReadyApartment
    2,002 sqft186 sqmt2 BedsOwner31 Oct 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 3.9M

    AED 1,766 /sqftAED 19,009 /sqmt

    ReadyApartment
    2,180 sqft202.5 sqmt2 BedsOwner27 Oct 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.4M

    AED 2,223 /sqftAED 23,928 /sqmt

    ReadyApartment
    1,957 sqft181.8 sqmt2 BedsOwner27 Oct 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 12M

    AED 1,179 /sqftAED 12,691 /sqmt

    ReadyApartment
    10,179 sqft945.7 sqmt5 BedsOwner16 Oct 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.3M

    AED 2,228 /sqftAED 23,982 /sqmt

    ReadyApartment
    1,930 sqft179.3 sqmt2 BedsOwner29 Sept 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.3M

    AED 1,785 /sqftAED 19,214 /sqmt

    ReadyApartment
    2,409 sqft223.8 sqmt2 BedsOwner2 Sept 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 18.5M

    AED 2,514 /sqftAED 27,060 /sqmt

    ReadyApartment
    7,360 sqft683.8 sqmt4 BedsOwner21 Jul 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 28.5M

    AED 1,817 /sqftAED 19,558 /sqmt

    ReadyApartment
    15,685 sqft1,457.2 sqmt5 BedsOwner17 Jul 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 5M

    AED 1,470 /sqftAED 15,823 /sqmt

    ReadyApartment
    6,805 sqft632.2 sqmt4 BedsOwner20 Jun 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.3M

    AED 2,155 /sqftAED 23,196 /sqmt

    ReadyApartment
    1,977 sqft183.7 sqmt2 BedsOwner3 Jun 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.4M

    AED 2,285 /sqftAED 24,596 /sqmt

    ReadyApartment
    1,926 sqft178.9 sqmt2 BedsOwner2 Jun 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 5M

    AED 2,528 /sqftAED 27,211 /sqmt

    ReadyApartment
    1,978 sqft183.8 sqmt2 BedsOwner16 Apr 2025

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 4.9M

    AED 2,059 /sqftAED 22,163 /sqmt

    ReadyApartment
    2,392 sqft222.2 sqmt3 BedsOwner16 Dec 2024

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 300K/yr

    ApartmentNew contract
    3,042 sqft282.6 sqmt3 Bedsto

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 270K/yr

    ApartmentNew contract
    2,511 sqft233.3 sqmt3 Bedsto

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 220K/yr

    ApartmentRenewal
    1,977 sqft183.7 sqmt2 Bedsto

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 200K/yr

    ApartmentRenewal
    1,886 sqft175.2 sqmt2 Bedsto

  • Balqis Residence 2, Balqis Residence

    Palm Jumeirah

    AED 233.7K/yr

    ApartmentRenewal
    2,392 sqft222.2 sqmt3 Bedsto

Every sale in Balqis Residence 2Every rent contract in Balqis Residence 2

Nearby amenities

Around Balqis Residence 2

Transportation near Balqis Residence 2

The nearest Dubai Metro station from Balqis Residence 2 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 2

The closest is The Pointe, 1.3 km from Balqis Residence 2 (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 2

The closest is Atlantis The Palm, Dubai, 1.4 km from Balqis Residence 2 (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 2

The closest is Cosmesurge & Emirates Hospital, 4.9 km from Balqis Residence 2 (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 2

The closest is JBR Beach, 5.4 km from Balqis Residence 2 (about 13 min drive).

  • JBR BeachPark · 5.4 km · about 13 min drive

Schools near Balqis Residence 2

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 2 with:

All 148 Palm Jumeirah buildings →

Things to consider about Balqis Residence 2

In its favour

  • Owners who resold have made money: a median gain of up to 14%.
  • 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.

Specialists

Brokers who know Balqis Residence 2

These brokers handle sales and lettings in Balqis Residence 2 and can tell you what is available now.

FAQs

Balqis Residence 2: questions answered

Balqis Residence 2 was developed by IFA in Palm Jumeirah.

Balqis Residence 2 is completed in Q4 2019.

Across its 20 most recent registered sales, Balqis Residence 2 sold for a median of AED 2,158 per sq ft and AED 4.9M per unit.

Recent yearly contracts in Balqis Residence 2 have a median rent of AED 233.7K.

The median gross yield on recently sold units in Balqis Residence 2 is 4.3%: the rent the unit earned over its purchase price, before costs.

Balqis Residence 2 has 2 Beds (1,890 to 3,850 sq ft), 3 Beds (2,360 to 8,690 sq ft), 4 Beds (6,380 to 8,700 sq ft), 5 Beds (9,560 to 15,680 sq ft), Commercial (60 to 6,710 sq ft).

Mina Seyahi is about 5 km from Balqis Residence 2.

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 2?

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

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