Developer: IFA Hotel & Resorts · The Palm Crescent

Kingdom of Sheba

Kingdom of Sheba is a residential project by IFA Hotel & Resorts in The Palm Crescent, Dubai, with construction 100% complete per the DLD registry, 398 units, 462 DLD-registered sales since 2010.

Construction100% — completedDLD registry · checked 30.10.2019
Units398DLD registry
DLD sales462 since 2010DLD registry
Median sale priceAED 17 951/m²Our calculation

Every figure carries its origin: “DLD registry” is taken from the Dubai Land Department register, “Developer supplied” is stated by the developer, “Our calculation” is computed by us from the first two. Developer prices change without notice — confirm before you commit. Methodology

Layouts and sizes

TypeUnitsTypical size, sq.ft
Studio (hotel apt.)44663–801
1 Bedroom (hotel apt.)231 031–1 528
2 Bedroom1211 886–2 507
2 Bedroom (hotel apt.)141 235–2 088
3 Bedroom882 284–7 238
3 Bedroom (hotel apt.)211 462–2 057
4 Bedroom383 354–9 824
5 Bedroom313 490–13 968
6 Bedroom117 359
9 Bedroom121 922
Other units15478–5 711

Size range excludes the smallest and largest 5% of units of each type.

All units are freehold. Data from the DLD registry.

Mortgage for this project

For UAE residents the down payment starts at 20% with terms up to 25 years. Estimate your payment and purchase costs for your budget.

Calculate mortgage

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Handover date & construction progress

100%
  • StatusReady
  • Construction started29.06.2008
  • HandoverReady To Move in
  • Status date30.10.2019
  • Escrow bankDubai Islamic Bank
  • Scale6 bldg
  • DLD project number611

Data from the Dubai Land Department project registry (updated 11.10.2026 09:55).

Inspection history 14
025507510025.09.201230.10.2019
Actual, per inspections
Construction progress 120
04.02.2019 96.13%
Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 1 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 2 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 3 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 4 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 5 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 6 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 7 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 8 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 9 of 10Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 10 of 10
04.02.2019 96.13%
Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 1 of 6Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 2 of 6Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 3 of 6Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 4 of 6Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 5 of 6Kingdom of Sheba, The Palm Crescent construction progress — 4 February 2019, 96.13% complete, photo 6 of 6
24.09.2018 95.66%
Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 1 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 2 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 3 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 4 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 5 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 6 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 7 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 8 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 9 of 10Kingdom of Sheba, The Palm Crescent construction progress — 24 September 2018, 95.66% complete, photo 10 of 10
13.02.2018 95.07%
Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 1 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 2 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 3 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 4 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 5 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 6 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 7 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 8 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 9 of 10Kingdom of Sheba, The Palm Crescent construction progress — 13 February 2018, 95.07% complete, photo 10 of 10

84 more photos in the DLD register

Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.

Recent transactions

DateTypeSize, m²Price, AED
22.09.20262 BR192.33 111 726
11.09.20262 BR346.36 222 800
31.08.20262 BR188.12 790 000
27.08.20265 B/R1 292.513 200 000
27.08.20265 B/R1 297.712 320 000
26.08.20263 BR219.94 999 900
26.08.20263 BR219.93 999 920
13.07.20263 BR222.34 550 000
13.07.20263 BR222.36 499 995
22.06.20264 BR683.89 999 999
22.06.20264 BR683.818 500 061
22.05.20262 BR91.02 244 266
14.05.20263 BR456.916 825 000
03.03.20263 BR219.88 000 000
24.02.20262 BR346.36 430 265
18.02.20263 BR212.15 850 000
16.02.20262 BR210.64 900 000
06.02.20266 B/R1 612.734 000 000
06.02.20266 B/R1 612.723 800 000
26.01.20265 B/R1 292.525 700 000
08.12.20255 B/R1 297.728 300 000
04.12.20252 BR182.64 700 000
04.12.20252 BR182.62 700 000
27.11.20252 BR178.54 550 000
25.11.20252 BR194.96 500 000
24.11.20255 B/R1 292.532 700 000
17.11.2025Studio65.31 780 000
17.11.2025Studio61.21 098 982
17.11.20251 BR117.02 101 018
17.11.20254 BR640.514 000 000
14.11.20253 BR226.06 180 000
12.11.20254 BR312.39 150 000
12.11.20254 BR312.32 445 000
04.11.20251 BR97.11 283 570
31.10.20252 BR186.04 450 000
27.10.20252 BR181.84 350 000
27.10.20252 BR202.53 850 000
27.10.20252 BR181.83 480 000
27.10.20252 BR202.52 650 000
20.10.20252 BR177.44 100 000
20.10.20252 BR177.22 100 000
20.10.20252 BR177.43 180 000
16.10.20255 B/R945.712 000 012
15.10.20252 BR182.64 508 001
15.10.20252 BR181.84 480 014
15.10.20253 BR219.95 785 020
29.09.20252 BR179.34 300 000
08.09.20253 BR212.15 000 000
03.09.20252 BR223.84 300 000
03.09.20252 BR223.83 440 000
Rentals — 20
DateTypeSize, m²Rent, AED/yr
01.10.20262 bed rooms+hall195.8210 000
19.09.20264 bed rooms+hall326.0370 000
15.09.20263 bed rooms+hall219.8250 000
08.09.20263 bed rooms+hall219.7250 000
01.09.20263 bed rooms+hall226.0260 000
01.09.20262 bed rooms+hall183.1200 000
29.08.20263 bed rooms+hall219.9240 000
24.08.20263 bed rooms+hall216.3300 000
15.08.20263 bed rooms+hall212.1320 000
15.08.20263 bed rooms+hall232.1320 000
05.08.20263 bed rooms+hall226.0260 000
01.08.20262 bed rooms+hall186.1220 000
01.08.20262 bed rooms+hall174.4215 000
01.08.20263 bed rooms+hall273.0295 000
01.08.20263 bed rooms+hall582.5650 000
01.08.20264 bed rooms+hall311.8370 000
01.08.20262 bed rooms+hall183.9260 000
01.08.20264 bed rooms+hall312.2300 000
01.08.20263 bed rooms+hall233.6231 000
30.07.20263 bed rooms+hall275.9302 000

Dubai Land Department transaction registry, updated 10.10.2026. Explore Dubai property transactions →

Registered transactions in Kingdom of Sheba

Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.

462deals since 2010
17 951AED per m², median
68%resale, the rest bought from the developer
+3%over the past year
5.1%gross rental yield

The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved 0% over the same period, so the building grew faster.

What buyers actually paid

TypeSize, m²Price, AEDPer m²Deals
Studio711 380 00019 43750
1 bedroom1112 035 25018 33625
2 bedrooms1853 000 00016 216149
3 bedrooms2274 150 00018 282134
4 bedrooms78610 647 00013 54648
5 bedrooms1 29318 000 00013 92138

Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.

How the price per square metre moved

From 2022 to 2025 — +38% on the price per square metre in this building. The district moved +2% over the same period, so the building outpaced the market.

20 1782014——
19 2842016——
9 95820196396.4%
9 56020205916.2%
11 79720216285.3%
16 78220227434.4%
19 28720231 0245.3%
19 38020241 1365.9%
23 18920251 2165.2%
21 0822026*1 1435.4%

Top to bottom: purchase price per m², year, annual rent per m², gross yield.

All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.

* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.

Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.

How much is your property in Kingdom of Sheba worth?

DLD has recorded 462 sales in this building since 2010, 315 of them resales. We compare your unit with sales of the same layout here, not with asking prices. Free, reply within 24 hours.

By submitting the form you agree to the processing of your contact details.

Amenities

  • Private pool
  • Landscaped gardens
  • Enclosed three-car garage
  • Swimming pool
  • Lap pool
  • Spa and health centre
  • Beach club
  • Gym
  • Residence meeting facilities
  • Shops
  • Restaurants
  • Cafés
  • Covered parking

What is nearby

  • Atlantis The Palm5 мин
  • IMG World of Adventure29 мин
  • Jebel Ali Racecourse17 мин
  • Mall of the Emirates18 мин
  • The Dubai Mall22 мин
Kingdom of Sheba

About the project

Kingdom of Sheba is a finished freehold mixed residential development on The Palm Crescent in Palm Jumeirah. Developed by IFA Hotel & Resorts, it comprises 398 units across villas and residential buildings containing townhouses and apartments. The project is ready to move in and reached 100% completion on 30 October 2019.

The project and its setting

Kingdom of Sheba occupies 141,500 square metres on The Crescent, Palm Jumeirah, adjacent to Atlantis. The development is arranged as 34 villas and three residential buildings that contain townhouses and apartments. The wider project includes apartments, townhouses, penthouses and villas, creating a range of home formats within one waterfront community. The villas are built as basement, ground and first-floor homes, while the residential buildings are configured as basement, ground and 12 upper floors. The buildings use a concrete structure with a cement-render exterior. The design draws on traditional Arab architecture, including the symmetry associated with Yemeni art forms, while the homes incorporate contemporary living spaces and outdoor areas.

Residences and accommodation types

The residence collection includes two-, three-, four- and five-bedroom apartments, as well as townhouses, four- and five-bedroom penthouses, and four- and five-bedroom villas. There are 34 sea-facing villas within the development. Villas and townhouses include private pools, landscaped gardens and enclosed three-car garages. Residences are designed with panoramic windows and balconies overlooking the Arabian Gulf and the Dubai landscape. The project’s homes are positioned within landscaped grounds along the curving breakwaters of Palm Jumeirah, with views across the Palm and the Gulf described for the development. Some residences have been offered furnished.

Leisure, wellness and on-site facilities

Kingdom of Sheba provides a private beach club, several swimming pools, a lap pool, a gym and a spa and health centre. The amenity offering also includes landscaped gardens, children’s play areas, shops, restaurants and cafés. Residents have access to meeting facilities, and covered parking is included among the project facilities. Concierge service and 24-hour security are also provided. Private pools form part of the villa and townhouse offering, alongside their landscaped gardens and enclosed garages. These facilities place dining, leisure, fitness and beach access within the development, while the residential setting remains on the Palm Crescent waterfront.

The Palm Crescent location

The project sits on The Palm Crescent, the breakwater forming the outer edge of Palm Jumeirah. The Crescent carries a road and an extended boardwalk, and a road tunnel connects it with the Palm trunk. A monorail link runs toward the Atlantis, The Palm area. The Palm Boardwalk is 1.1 km away, Aquaventure Waterpark is 1.8 km away and Dolphin Bay is 2.2 km away. Vox Cinemas at Nakheel Mall is 2.9 km away. Raffles The Palm Dubai is 1.1 km away, Atlantis The Palm is 1.3 km away and W Dubai The Palm is 1.5 km away. Marina Beach is 5.2 km away, while Emirates Golf Club is 6.5 km away.

Completion and ownership status

Kingdom of Sheba is a finished project with 100% recorded completion. Its construction started on 29 June 2008 and its recorded completion date is 30 October 2019. The development is ready to move in. It is a freehold mixed residential development in Palm Jumeirah, with a total of 398 units. The project combines 34 villas with residential buildings comprising townhouses and apartments. This is an established, completed community rather than a development under construction, and the residential, leisure and dining facilities described for the project form part of its completed setting.

Developer

IFA Hotel & Resorts is the developer of Kingdom of Sheba. The company develops, licenses, operates and manages luxury residential, hotel and resort projects for international investors and owners, with a focus on emerging markets. It is listed on the Kuwait Stock Exchange. Its portfolio described for the company includes integrated resorts operated by five-star hotel operators, as well as residential, resort and hotel properties in international locations. Kingdom of Sheba brings this hospitality and residential focus to The Crescent at Palm Jumeirah through a community of villas, townhouses, apartments and penthouses with private beach, leisure, wellness, dining and retail facilities.

Service charge, 2026

Approved rate24.70 AED▼ -0.6% per sq ft per year · 266 AED/m²
General / reserve fund22.06 / 2.64AED/sq ft · additional 817.54
A 1,000 sq ft unit≈ 24,700 AEDper year · ≈ $6,726

Managed by Saga International Owner Association Management Services · budget 1 Jan 2026 — 31 Dec 2026

History, budget breakdown and nearby buildings →

RERA-approved budget from the DLD service charge index (Mollak) for “Balqis Residence”. Total is the general and reserve funds; additional charges are separate.

Frequent questions

Who is the developer of Kingdom of Sheba?
Kingdom of Sheba was developed by IFA Hotel & Resorts.
Where is Kingdom of Sheba located?
The development is located on The Palm Crescent in Palm Jumeirah, adjacent to Atlantis.
Is Kingdom of Sheba ready to move in?
Yes. Kingdom of Sheba is finished, 100% complete and ready to move in.
When was Kingdom of Sheba completed?
The recorded completion date is 30 October 2019.
What property types are available at Kingdom of Sheba?
The development includes apartments, townhouses, penthouses and villas. Apartment options range from two to five bedrooms, while villas and penthouses include four- and five-bedroom layouts.
How many units are in Kingdom of Sheba?
Kingdom of Sheba contains 398 units, including 34 villas.
What amenities does Kingdom of Sheba offer?
Facilities include a private beach club, swimming pools, lap pool, gym, spa and health centre, landscaped gardens, shops, restaurants, cafés and meeting facilities.
What is close to Kingdom of Sheba?
The Palm Boardwalk is 1.1 km away, Aquaventure Waterpark is 1.8 km away and Vox Cinemas at Nakheel Mall is 2.9 km away.
How can I buy an apartment in Kingdom of Sheba?
Submit an enquiry via the form on this page or message us on WhatsApp — a Continental Club Property broker (RERA 31933) will help you choose a unit and send the brochure and payment plan.

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Project data comes from the Dubai Land Department (DLD) registry.

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How to cite:Kingdom of Sheba — Continental Club Property, from Dubai Land Department registry and developer data, 2026-10-02, https://continentalclub.ae/project/kingdom-of-sheba-the-palm-crescent/