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Balqis Residence

The Balqis Residence Kingdom of Sheba is considered to be one of the most impressive and ambitious residential projects in the Palm Jumeirah. The project is a two-phased development, carried out on a very large scale, containing 300 residences that range from villas, townhouses, penthouses, and apartments. The location along the crescent of The Palm Jumeirah is ideal, with the development just adjacent to Atlantis Hotel.

This a 100% freehold project and tenants can choose from 34 four and five-bedroom villas and 28 townhouses with private pools, parking garages, and beautiful garden views, along with penthouses and residential apartments.

Balqis residence has been designed uniquely and gives off a vibe that remains simple yet modernized. Everything has been inspired by the history of Yemeni art and Arabic architecture.

The facilities within the venue are top notch; all suites are fully furnished and boast outstanding views. The living spaces are very comfortable and elegant.

Project amenities include:

  • Beach club
  • Swimming pools
  • Shops
  • Restaurants
  • Retail outlets
  • 5-star hotel
  • Concierge
  • Valet parking
  • Private elevator
  • Gymnasium
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management