Balqis Residences 1
2 BR · Apartment
About the building
Located in The Palm Crescent, completed in 2018. Developer — IFA Hotels & Resorts. Architect — Schuster Pechtold.
Where it is
The pin is placed by project — accurate to the development, not the door.
Palm Jumeirah
The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
- short-let income
- beachfront living
- capital preservation
What to check: Confirm in writing that the specific building permits holiday lets before you underwrite any short-let income, and model summer and winter occupancy separately — beach-driven demand falls sharply from June to September.
Full district guide →Questions and answers about lot NP6-107743
How much is this 2-bedroom apartment in Balqis Residences 1?
Lot NP6-107743 is priced at AED 5 950 000, about $1 620 000. The size is 2 000 sq ft (186 m²), which works out at AED 2 975 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Balqis Residences 1?
The database holds 2 lots in Balqis Residences 1 right now, from AED 5 950 000 to AED 9 500 000.
Is this expensive or cheap for Palm Jumeirah?
The database holds 246 lots in Palm Jumeirah, starting from AED 1 250 000. The area median is AED 4 224 per sq ft; this lot, at AED 2 975, is 30% below it. 27 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Palm Jumeirah area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2018 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 30%, here AED 1 785 000; a loan of AED 4 165 000 over 25 years at 3.75–4.99% a year comes to roughly AED 21 400–24 300 a month. A non-resident puts down from 40% (AED 2 380 000) and pays about AED 18 400–20 800 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 238 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 5 950 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Balqis Residences 1?
The developer is IFA Hotels & Resorts. Completion year: 2018. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP6-107743 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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