Balqis Residence 1
Two-beds to six-beds in Palm Jumeirah. 4 apartments sold in the last 12 months; every sale, rent and unit is below.
About Balqis Residence 1
Balqis Residence 1 is a beachfront apartment building within the Kingdom of Sheba development on the West Crescent of Palm Jumeirah. Its setting delivers open Gulf vistas on one side and skyline views of the Palm and Dubai Marina on the other, with a resort-style ambience typical of this part of the island. The wider community was developed by IFA Hotels & Resorts and forms part of a multi-building complex that combines residences with hospitality components. Homes in Balqis Residence 1 are predominantly apartments and duplexes, complemented by a limited number of penthouses in the complex. Architecture across the development blends Arabian-inspired motifs with contemporary finishes, and most units feature generous terraces or balconies to maximise sea views. Within the community, the residential offering also includes separate townhouses and standalone villas, but Building 1 itself focuses on apartment living. Residents benefit from direct access to a private beach, multiple outdoor swimming pools, a fully equipped gym and health club, landscaped areas and children’s play spaces. Concierge and 24-hour security are standard, and selected on-site dining and retail options operate within the complex, adding everyday convenience without leaving the Crescent. Several listings also reference an exclusive beach club and spa facilities available to residents. Access is via Crescent Road, connecting to the Palm’s trunk and onward to Sheikh Zayed Road. Key destinations such as Atlantis and Nakheel Mall are a short drive away, while Dubai Marina and Media City are reachable in around 15–20 minutes in normal traffic. Public transport on the island is limited; residents typically rely on private cars, taxis or ride-hailing, with the Palm Monorail providing connections along the island for onward travel.
54 apartments over 11 floors: 21 two-beds of 1,837 to 2,216 sqft, 17 three-beds of 2,283 to 8,260 sqft, 10 four-beds of 3,291 to 9,542 sqft, 2 five-beds of 11,300 to 11,446 sqft and 1 six-bed of 17,360 sqft. The service charge is AED 17.81 per sqft a year.
4 apartments sold in the 12 months to February 2026, at a median of AED 2,642 per sqft. 4 rental contracts were registered over the same 12 months, at a typical AED 291,000 a year.
- Developer
- Balqis Residence
- Completed
- 2019
- Floors
- 11
- Units
- 54
- Unit types
- 2-bed to 6-bed
Average prices in Balqis Residence 1
In Balqis Residence 1, typical sale prices over the last 12 months were around AED 6,500,000 for two-beds, AED 5,850,000 for three-beds, AED 9,150,000 for four-beds and AED 34,000,000 for six-beds.
Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.
Price history in Balqis Residence 1
Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.
Transaction history in Balqis Residence 1
- Completed2,282 sqft 18 Feb 2026AED 5,850,0002,563 /sqft
- Completed6-bed · 17,359 sqft 05 Feb 2026AED 34,000,0001,959 /sqft
- Completed2,098 sqft 25 Nov 2025AED 6,500,0003,098 /sqft
- Completed3,361 sqft 12 Nov 2025AED 9,150,0002,722 /sqft
- Completed3-bed · 5,225 sqft 04 Jun 2025AED 16,850,0003,225 /sqft
- Completed2-bed · 2,007 sqft 22 Apr 2025AED 3,750,0001,868 /sqft
- Completed4-bed · 3,360 sqft 17 Apr 2025AED 8,800,0002,619 /sqft
- Completed3-bed · 4,282 sqft 13 Apr 2025AED 4,000,000934 /sqft
- Completed2-bed · 1,837 sqft 18 Feb 2025AED 3,850,0002,095 /sqft
- Completed5-bed · 11,446 sqft 09 Jan 2025AED 13,000,0001,136 /sqft
Over the last 12 months, Balqis Residence 1 has recorded 4 apartment sales. Typical homes sold for around AED 7.83M (about AED 2,642 per sqft) with a median size of 2,822 sqft, from roughly AED 5.85M to AED 34M.
Units in Balqis Residence 1
54 units- Unit 1013-bed · 4,283 sqftSold AED 4M, Apr 2025
- Unit 1023-bed · 3,725 sqftSold AED 3.13M, Nov 2012
- Unit 2012-bed · 2,209 sqftSold AED 3.8M, May 2012
- Unit 2024-bed · 9,542 sqftSold AED 11.49M, Nov 2022
- Unit 2035-bed · 11,300 sqftSold AED 12.05M, Jul 2020
- Unit 2042-bed · 2,216 sqftSold AED 2.5M, Jun 2012
- Unit 2053-bed · 7,822 sqftSold AED 8.9M, Aug 2009
- Unit 2064-bed · 8,037 sqftSold AED 10.39M, Nov 2022
- Unit 2075-bed · 11,446 sqftSold AED 13M, Jan 2025
- Unit 2083-bed · 8,260 sqftSold AED 4.05M, Mar 2021
Nearby buildings in Palm Jumeirah
All 99 →| Building | Completed | Sale /sqft | Rent /sqft | Yield |
|---|---|---|---|---|
| Balqis Residence Beach Villas | 2019 | AED 2,099 | AED 77 | 3.7% |
| Balqis Residence Garden Villas | 2019 | AED 2,026 | ||
| Balqis Residence 3 | 2019 | AED 2,100 | AED 144 | 6.9% |
| Balqis Residence 2 | 2019 | AED 2,367 | AED 118 | 5.0% |
| The 8 Residential Apartments | 2019 | AED 4,112 | AED 162 | 3.9% |
| Orla By Omniyat | 2026 | AED 6,897 | ||
| ORLA Infinity by Omniyat | AED 7,768 | |||
| Serenia Living - Tower 4 | 2025 | Few sales | ||
| Serenia Living - Tower 3 | 2025 | Few sales | ||
| Serenia Living - Tower 2 | 2025 | AED 4,642 |
Balqis Residence 1 in numbers
- Across 4 DLD sales in the 12 months to February 2026, the median price in Balqis Residence 1 was AED 2,642 per sqft and the typical home sold for about AED 7.83M.
- Completed in 2019 by Balqis Residence; 11 floors of two-beds to six-beds; service charge AED 17.81 per sqft a year.
- The typical rent is AED 290,750 a year across 4 contracts registered in the last 12 months.
- Gross rental yield 5.2%: the median rent per sqft over the median sale price per sqft, before service charges.
Source: Dubai Land Department. Updated 18 February 2026.
Questions about Balqis Residence 1
How much does a two-bed in Balqis Residence 1 cost?
1 two-bed sold in the 12 months to February 2026; the median was AED 6,500,000, or AED 3,098 per sqft.
How much is a two-bed for rent in Balqis Residence 1?
About AED 266,000 a year: that is the median of the 2 contracts for two-beds registered with Ejari in the 12 months to February 2026.
What is the rental yield in Balqis Residence 1?
About 5.2% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.
What is the service charge in Balqis Residence 1?
AED 17.81 per sqft a year. For a typical 2,822 sqft home that is about AED 50,300 a year.
Who built Balqis Residence 1 and when?
Balqis Residence; completed in 2019; 11 floors; 54 apartments.
How many apartments are there in Balqis Residence 1?
54, two-beds to six-beds. Each has its own page with its full sales and rental history.
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