ReadyApartment, Villa

Palm Jumeirah · Dubai

Balqis Residence

by IFA Hotels & Resorts · also listed as Kingdom of Sheba

82of 100

Rendr Resale Score

Strong

How it was scored →
Sold from7 sales, last 90 days · DLD; cheapest: all 2-beds
AED 3.5M≈ $952K
Buyers paid vs DLD median
−18%
Price, payment plan and homes ↓
DLD sales register · 10 Nov 2026See the 23 registered sales at Balqis Residence: date, size and price paid. Plus all 5 factor scores and the score history. Free.Unlock free →

Price, payment plan and homes

Price per DLD
Sold from
AED 3.5M
7 sales, last 90 days · DLD; cheapest: all 2-beds
Bedrooms
2 bed to 5 bed
398 units
Payment plan
Not published
Handover
Ready

DLD registered sales

Last 90 days
AED 4.08M – AED 6.34M
· 7 sales, mostly 2-beds
Since launch
+18%
· AED 1,821 to 2,147 per sqft, 2009 launch to today's resales · Dubai Land Department open data

Homes and floor plans

398 homes · Freehold

Paid: middle half of each type's resales, Nov 2025–Nov 2026 · DLD

Payment plan

IFA Hotels & Resorts has not stated one.

Open in the map

Location · Palm Jumeirah · Dubai

Man-made palm-shaped island with beachfront apartments, villas and branded residences.

The in-depth review

Why it scores 82

Price per sqft vs registered sales

Dubai Land Department open data · as of 10 Nov 2026

−18% below what buyers paid nearby

Buyers paid hereAED 2,190/sqft

23 finished sales, last 12 months

Palm Jumeirah median · apartmentsAED 2,674/sqft

Finished sales, since 1 Jan 2026, 556 registered sales in the area · middle half AED 2,112 – AED 3,765

See each of the 23 sales: date, size, price
How this is measured

Buyers paid a median of AED 2,190/sqft in this project (finished sales, last 12 months, 23 registered sales, as of 10 Nov 2026) against the DLD median of AED 2,674/sqft for apartments in Palm Jumeirah, as of 10 Nov 2026. DLD registers every sale in Dubai, and names the project on each. Both figures are sales of finished homes: this project's against its area's. Source: Dubai Land Department open data.

How the 82 was scored

5 of 5 factors · 100% of the weight · 10 Nov 2026
Confidence: medium
How each factor was measured

Each factor with what it was measured on. Its score and the reasoning are in the full breakdown.

Price against what buyers actually paid
23 registered finished sales here, against the median of 556 finished sales in Palm Jumeirah · DLD
Growth since launch
159 off-plan sales in its first year (from Jun 2009), 25 resales in the last 12 months: +18% · Dubai Land Department open data
Developer track record
Our rating, 2 delivered projects and how its 2 finished buildings resell
Location and infrastructure
Our rating of Palm Jumeirah, and 5 kinds of places measured from the pin · OpenStreetMap
How big the resale market is
556 resales of finished apartments in Palm Jumeirah this year · DLD

Confidence medium: what buyers paid here is a median of 23 registered sales, against 556 in the area; 23 is a small sample for one project.

Unchanged since the first scoreScored since 8 Oct 2026 · 0 score changes

Not ranked: the ranking lists only projects still on sale.

The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.

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The full breakdown behind the 82

Free for 90 days. One sign-up opens everything on the site: the breakdown behind all 1,673 scored projects, the figures and reasons behind the developers' ranking, and rent, a mortgage and fees in every forecast. Nothing to pay.

  • The 23 registered sales here: date, size and price paid
  • All 5 factor scores, with the figure and source behind each
  • Score history since 8 Oct 2026 and why each move happened

See what buyers paid at Balqis Residence, and everything behind the 82.

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+971

Read by the person who runs Rendr, who works in real estate and may contact you about property. Never sold.

I am
Projects scored
1,673
projects scored
Factors
8
factors, formula public
Registers
ADREC · DLD
registered sales, not asking prices

Handover date

Ready

Handed over

What this means

Balqis Residence has been handed over: homes here are built and ready to move into, so a purchase is a resale rather than off-plan.

DLD registration status

  • Project registration611
  • Escrow accountNot published yet
  • Developer licenceNot published yet
Where the figures come from

Check it on dubailand.gov.ae. How to read the DLD register.

Figures from tanamiproperties.com, saved 17 Sep 2026. Construction figure from the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026. Launch date from the DLD's projects file (data.dubai, loaded 2026-06-15).

About

Balqis Residence is a completed apartment tower by IFA Hotel & Resorts in Palm Jumeirah, Dubai, with two and three-bedroom apartments and four and five-bedroom villas.

Developer
IFA Hotels & Resorts
Area
Palm Jumeirah
Status
Ready
Sales launch
29 Jun 2008
Total units
398
Ownership
Freehold

Amenities

  • Dining Outlets
  • Gymnasium
  • Kids Play Area
  • Kids Pool
  • Parks and Leisure Areas
  • Restaurants
  • Retail Outlets
  • Swimming Pool

What’s nearby

straight-line distance
  • Beach100 m
  • Supermarket or mall1.3 km
  • Hospital or clinic2.1 km
  • Metro or tram stop5.0 km
  • School5.5 km

The nearest of each on OpenStreetMap, Sep 2026.

Rental yield nearby

gross, apartments

4.9% in Palm Jumeirah. A median rent of AED 123 per sqft a year on 1,283 new tenancy contracts, last 6 months, against AED 2,536 per sqft paid across 301 finished sales, last 6 months.

Before service charges, fees and empty periods; our arithmetic on Dubai Land Department open data figures, Nov 2026. The working

Balqis Residence: questions buyers ask

How much does Balqis Residence cost?

Registered sales at Balqis Residence start from AED 3,498,000 (about $952K): the cheapest tenth of 7 resales (all 2-beds), Aug–Nov 2026, per DLD.

What is the price per sqft at Balqis Residence?

Buyers paid a median of AED 2,190 per sqft at Balqis Residence (finished sales, last 12 months, 23 registered sales).

When is the Balqis Residence handover date?

Balqis Residence is built and handed over, so a home bought here is ready to occupy rather than off-plan.

Is Balqis Residence priced above or below what buyers paid nearby?

Buyers paid a median of AED 2,190 per sqft in Balqis Residence (finished sales, last 12 months, 23 registered sales), which is 18% below the median of AED 2,674 per sqft that buyers actually paid for apartments in Palm Jumeirah, across 556 sales registered with DLD.

How much have prices at Balqis Residence grown since launch?

Registered sales put its launch-year price at a median AED 1,821 per sqft (159 sales from 2009) and its resales over the last 12 months at AED 2,147 per sqft (25 resales): +18%, about 1% a year, against 0.2% a year for comparable buildings launched the same year in Dubai. Source: Dubai Land Department open data; the arithmetic is ours.

What is the Rendr Resale Score of Balqis Residence?

Balqis Residence scores 82 of 100 on the Rendr Resale Score, strong, as of 10 Nov 2026; 5 of its 5 factors are assessed, 100% of the weight.

What rental yield do apartments in Palm Jumeirah make?

About 4.9% gross for apartments in Palm Jumeirah, worked out from DLD's own figures: new tenancy contracts, last 6 months, against finished sales, last 6 months, before service charges and fees.

Who is the developer of Balqis Residence?

Balqis Residence was developed by IFA Hotels & Resorts. It sits in Palm Jumeirah, Dubai.

Is Balqis Residence registered with DLD?

Balqis Residence is registered with the Dubai Land Department (DLD) under number 611. Check it at dubailand.gov.ae before you pay.

Changes

Listed 17 Sep 2026 · 2 changes since, last 4 Oct 2026
  1. Construction 100% complete

    Source: the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026

  2. Sales launch date set to 29 Jun 2008

    Source: the DLD's projects file (data.dubai, loaded 2026-06-15)

  3. Listed on the site

    Source: tanamiproperties.com, saved 17 Sep 2026

Sold from

AED 3.5M

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