IFA Hotels & Resorts: a hospitality company that built homes on the Palm
A resort developer whose Palm Jumeirah buildings sit beside its own hotels. What sharing a site with a hotel means for daily life, service charges and governance.
Balqis Residence
The Palm Crescent · IFA Hotels & Resorts
Project factsheet
Developer IFA Hotels & Resorts
Status Completed
Completed 2018
District The Palm Crescent
About the building
Located in The Palm Crescent, completed in 2018. Developer — IFA Hotels & Resorts. Architect — Schuster Pechtold.
Specifications for Balqis Residence per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Balqis Residence is a residential complex of several buildings in The Palm Crescent, completed in 2018.
The developer is IFA Hotels & Resorts. The architecture is by Schuster Pechtold.
The database currently holds 7 lots in this project, from 1 900 000 AED; 1 of them priced below the market, the deepest discount 9%.
An IFA Hotels building on the Palm, handed over in 2018. AED 1,715/ft² — the lowest on the island by our data.
What it is
Balqis Residence is a residential complex by IFA Hotels & Resorts on Palm Jumeirah, handed over in 2018. Storey count and unit count are not listed in the property profile.
Our stock holds a unit of around 1,108 square feet at AED 1.9 million, at AED 1,715/ft².
AED 1.9 million for an apartment on the Palm is a figure the island almost never produces: the median here is AED 8.2 million.
Price per square foot across Palm projects
Balqis Residence sits below the entire table for the island — a third of the average.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Royal Atlantis Residences | 12733 | 3 | 2759 ft² |
| Palm Beach Towers | 10763 | 3 | 860 ft² |
| Signature Villas | 7610 | 7 | 10,350 ft² |
| W Residences | 4678 | 15 | 3246 ft² |
| Orla | 6681 | 4 | 5199 ft² |
| Garden Homes | 6565 | 11 | 7008 ft² |
| Ellington Beach House | 5152 | 11 | 1675 ft² |
| The Crescent | 4830 | 26 | 3562 ft² |
| Palm Beach Towers Residences 1 | 4745 | 7 | 1158 ft² |
| Serenia Living | 4577 | 3 | 1827 ft² |
| The Palm Tower | 4413 | 5 | 1087 ft² |
| Five Palm Jumeirah | 3611 | 8 | 1709 ft² |
| Palm Beach Towers 3 | 3714 | 5 | 1128 ft² |
| Palm Beach Towers 2 | 3544 | 8 | 2188 ft² |
| Oceana | 3443 | 7 | 2790 ft² |
| Fairmont Palm Residences | 3397 | 5 | 2783 ft² |
| Azizi Mina | 2704 | 4 | 1482 ft² |
| Royal Amwaj Residences | 2641 | 3 | 1928 ft² |
| Shoreline Apartments | 2596 | 12 | 1849 ft² |
| Marina Residences | 2209 | 5 | 2117 ft² |
| Golden Mile | 2166 | 4 | 4320 ft² |
Our own stock as of 28 August 2026: 250 lots across Palm Jumeirah, median AED 8.2 million, average AED 4,781/ft². Only projects with three or more lots and a reliable floor area are included — 48 lots whose stated area contradicted their bedroom count were excluded from the calculation.
A third of the island's price — what to check
The Palm in our database runs to 250 lots, median AED 8.2 million at an average AED 4,781/ft².
AED 1,700/ft² on the Palm is Al Furjan and Arjan territory — outlying districts with no sea. A gap like that always needs an explanation.
Check things in this order: what format this actually is (an apartment, a share, a hotel room), the building's condition and the owners' association documents, the service charge rate, and whether there are any encumbrances.
IFA Hotels & Resorts works in the hotel segment — the same developer has The 8 elsewhere on the island, at AED 4,697/ft². The gap between its two projects is almost three-fold, and it needs an explanation.
One lot in our stock is not a market. Before getting excited about the price, find out exactly what is being sold.
propsearch profile: developer IFA Hotels & Resorts, handed over 2018. Our own stock as of 28 August 2026: the project's lot (size, price, price per square foot), data for The 8, the island-wide project table, the Palm's median and average.
Where it is
Lots in this project — 7
Frequently asked about Balqis Residence
Who is the developer of Balqis Residence?
IFA Hotels & Resorts. The architecture is by Schuster Pechtold.
Has Balqis Residence been handed over?
Yes. Balqis Residence was handed over in 2018 — it is ready housing you can live in or let straight after the deal.
Where is Balqis Residence?
Palm Jumeirah. The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
How much does an apartment in Balqis Residence cost?
The database currently holds 7 lots in this project, from 1 900 000 AED; 1 of them priced below the market, the deepest discount 9%. The list changes daily — I will send a fresh selection for the building on request.
In the news
What has been written about the building, its developer and The Palm Crescent
Where this project stands today
I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.
Ask a question
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