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Ready building · IFA

Balqis Residence 3, Palm Jumeirah

Highlights

Balqis Residence 3 at a glance

About Balqis Residence 3

Balqis Residence 3 is a mixed-use building in Palm Jumeirah, Dubai, developed by IFA. It holds about 166 units: studios, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, 4-bedroom apartments, 5-bedroom apartments, 9-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. 6 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,764 per sq ft.

Balqis Residence 3 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: Studio, 1 Bed, 2 Beds, 3 Beds, 4 Beds, 5 Beds, 9 Beds, Commercial
  • Sizes from 70 to 21,920 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
Studio, 1 Bed, 2 Beds, 3 Beds, 4 Beds, 5 Beds, 9 Beds, Commercial
Prices from
AED 1.0M
Median price per sq ft
AED 1,764
Median gross yield
6.4%
Nearest metro
Mina Seyahi, 5 km

Photos of Balqis Residence 3

Building details

Inside Balqis Residence 3

Properties in Balqis Residence 3

Studios in Balqis Residence 3

There are about 44 of these in Balqis Residence 3, from 660 to 810 sq ft. They have recently sold for a median of AED 1.4M, or AED 2,100 per sq ft.

1-bedroom apartments in Balqis Residence 3

There are about 23 of these in Balqis Residence 3, from 1,030 to 1,540 sq ft. They have recently sold for a median of AED 2.1M, or AED 1,670 per sq ft. Owners who resold made a median 15% over what they paid.

2-bedroom apartments in Balqis Residence 3

There are about 29 of these in Balqis Residence 3, from 1,150 to 2,150 sq ft. They have recently sold for a median of AED 3.4M, or AED 1,630 per sq ft.

3-bedroom apartments in Balqis Residence 3

There are about 36 of these in Balqis Residence 3, from 1,450 to 2,860 sq ft. They have recently sold for a median of AED 6.2M, or AED 2,540 per sq ft.

4-bedroom apartments in Balqis Residence 3

There are about 5 of these in Balqis Residence 3, from 3,490 to 3,510 sq ft. None has sold recently enough to quote a price.

5-bedroom apartments in Balqis Residence 3

There are about 6 of these in Balqis Residence 3, from 3,490 to 12,680 sq ft. None has sold recently enough to quote a price.

9-bedroom apartments in Balqis Residence 3

There are about 1 of these in Balqis Residence 3, from 21,920 sq ft. None has sold recently enough to quote a price.

Commercial units in Balqis Residence 3

There are about 22 of these in Balqis Residence 3, from 70 to 4,050 sq ft. None has sold recently enough to quote a price.

Unit types in Balqis Residence 3 with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
Studio44660 sqft61.3 sqmt – 810 sqft75.3 sqmtAED 1.4M–
1 Bed231,030 sqft95.7 sqmt – 1,540 sqft143.1 sqmtAED 2.1M–
2 Beds291,150 sqft106.8 sqmt – 2,150 sqft199.7 sqmtAED 3.4MAED 213K
3 Beds361,450 sqft134.7 sqmt – 2,860 sqft265.7 sqmtAED 6.2M–
4 Beds53,490 sqft324.2 sqmt – 3,510 sqft326.1 sqmtNo recent salesAED 680K
5 Beds63,490 sqft324.2 sqmt – 12,680 sqft1,178 sqmtNo recent sales–
9 Beds121,920 sqft2,036.4 sqmtNo recent sales–
Commercial2270 sqft6.5 sqmt – 4,050 sqft376.3 sqmtNo recent sales–

Recent transactions in Balqis Residence 3

  • Balqis Residence 3

    Palm Jumeirah

    AED 3.8M

    AED 1,749 /sqftAED 18,826 /sqmt

    ReadyApartment
    2,147 sqft199.5 sqmt2 BedsOwner20 Oct 2026

  • Balqis Residence 3

    Palm Jumeirah

    AED 3.1M

    AED 1,503 /sqftAED 16,178 /sqmt

    ReadyApartment
    2,070 sqft192.3 sqmt2 BedsOwner22 Sept 2026

  • Balqis Residence 3

    Palm Jumeirah

    AED 2.1M

    AED 1,667 /sqftAED 17,943 /sqmt

    ReadyApartment
    1,260 sqft117.1 sqmt1 BedOwner17 Nov 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 1.8M

    AED 2,532 /sqftAED 27,254 /sqmt

    ReadyApartment
    703 sqft65.3 sqmtStudioOwner14 Nov 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 1.1M

    AED 1,668 /sqftAED 17,954 /sqmt

    ReadyApartment
    659 sqft61.2 sqmtStudioOwner14 Nov 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 6.2M

    AED 2,540 /sqftAED 27,340 /sqmt

    ReadyApartment
    2,433 sqft226 sqmt3 BedsOwner13 Nov 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 1.3M

    AED 1,228 /sqftAED 13,218 /sqmt

    ReadyApartment
    1,045 sqft97.1 sqmt1 BedOwner3 Nov 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 4.1M

    AED 2,148 /sqftAED 23,121 /sqmt

    ReadyApartment
    1,909 sqft177.4 sqmt2 BedsOwner20 Oct 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 7.8M

    AED 2,235 /sqftAED 24,057 /sqmt

    ReadyApartment
    3,490 sqft324.2 sqmt5 BedsOwner13 Aug 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 4.1M

    AED 2,094 /sqftAED 22,540 /sqmt

    ReadyApartment
    1,958 sqft181.9 sqmt2 BedsOwner26 May 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 1.8M

    AED 1,755 /sqftAED 18,891 /sqmt

    ReadyApartment
    1,045 sqft97.1 sqmt1 BedOwner30 Apr 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 1.1M

    AED 1,389 /sqftAED 14,951 /sqmt

    ReadyApartment
    792 sqft73.6 sqmtStudioOwner6 Mar 2025

  • Balqis Residence 3

    Palm Jumeirah

    AED 1.3M

    AED 1,778 /sqftAED 19,138 /sqmt

    ReadyApartment
    703 sqft65.3 sqmtStudioOwner21 Oct 2024

  • Balqis Residence 3

    Palm Jumeirah

    AED 4.9M

    AED 1,957 /sqftAED 21,065 /sqmt

    ReadyApartment
    2,485 sqft230.9 sqmt3 BedsOwner1 Jul 2024

  • Balqis Residence 3

    Palm Jumeirah

    AED 2.4M

    AED 1,220 /sqftAED 13,132 /sqmt

    ReadyApartment
    1,945 sqft180.7 sqmt3 BedsOwner3 Jun 2024

  • Balqis Residence 3

    Palm Jumeirah

    AED 5.8M

    AED 2,491 /sqftAED 26,813 /sqmt

    ReadyApartment
    2,328 sqft216.3 sqmt3 BedsOwner8 May 2024

  • Balqis Residence 3

    Palm Jumeirah

    AED 4.4M

    AED 1,773 /sqftAED 19,084 /sqmt

    ReadyApartment
    2,481 sqft230.5 sqmt3 BedsOwner4 Apr 2024

  • Balqis Residence 3

    Palm Jumeirah

    AED 3.1M

    AED 1,084 /sqftAED 11,668 /sqmt

    ReadyApartment
    2,861 sqft265.8 sqmt3 BedsDeveloper11 Mar 2024

  • Balqis Residence 3

    Palm Jumeirah

    AED 1.4M

    AED 1,750 /sqftAED 18,837 /sqmt

    ReadyApartment
    782 sqft72.7 sqmtStudioOwner8 Feb 2024

  • Balqis Residence 3

    Palm Jumeirah

    AED 1.2M

    AED 1,842 /sqftAED 19,827 /sqmt

    ReadyApartment
    667 sqft62 sqmtStudioDeveloper8 Feb 2024

  • Balqis Residence 3

    Palm Jumeirah

    AED 213K/yr

    ApartmentRenewal
    1,957 sqft181.8 sqmt2 Bedsto

  • Balqis Residence 3

    Palm Jumeirah

    AED 680K/yr

    ApartmentNew contract
    3,493 sqft324.5 sqmt4 Bedsto

Every sale in Balqis Residence 3Every rent contract in Balqis Residence 3

Nearby amenities

Around Balqis Residence 3

Transportation near Balqis Residence 3

The nearest Dubai Metro station from Balqis Residence 3 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 3

The closest is The Pointe, 1.3 km from Balqis Residence 3 (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 3

The closest is Atlantis The Palm, Dubai, 1.4 km from Balqis Residence 3 (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 3

The closest is Cosmesurge & Emirates Hospital, 4.9 km from Balqis Residence 3 (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 3

The closest is JBR Beach, 5.4 km from Balqis Residence 3 (about 13 min drive).

  • JBR BeachPark · 5.4 km · about 13 min drive

Schools near Balqis Residence 3

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 3 with:

All 148 Palm Jumeirah buildings →

Things to consider about Balqis Residence 3

In its favour

  • Owners who resold have made money: a median gain of up to 15%.
  • A median gross yield of 6.4% on recent sales.
  • 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 3

These brokers handle sales and lettings in Balqis Residence 3 and can tell you what is available now.

FAQs

Balqis Residence 3: questions answered

Balqis Residence 3 was developed by IFA in Palm Jumeirah.

Balqis Residence 3 is completed in Q4 2019.

Across its 20 most recent registered sales, Balqis Residence 3 sold for a median of AED 1,764 per sq ft and AED 2.7M per unit.

Recent yearly contracts in Balqis Residence 3 have a median rent of AED 446.5K.

The median gross yield on recently sold units in Balqis Residence 3 is 6.4%: the rent the unit earned over its purchase price, before costs.

Balqis Residence 3 has Studio (660 to 810 sq ft), 1 Bed (1,030 to 1,540 sq ft), 2 Beds (1,150 to 2,150 sq ft), 3 Beds (1,450 to 2,860 sq ft), 4 Beds (3,490 to 3,510 sq ft), 5 Beds (3,490 to 12,680 sq ft), 9 Beds (21,920 sq ft), Commercial (70 to 4,050 sq ft).

Mina Seyahi is about 5 km from Balqis Residence 3.

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 3?

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

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