Palace Residences – North, launched in Q1 2023, is a new addition to the coveted Palace Residences development by Emaar Properties in Dubai Creek Harbour. The premium project will consist of 335 branded units, including 1–3 bedroom apartments and 3-bedroom 2-storey canal-facing townhouses with sophisticated interiors. The award-winning Palace brand is part of the portfolio of Address Hotels + Resorts, encapsulating a lavish lifestyle for all its guests and residents.
Prospective property buyers will be keen to learn that the layouts will include a laundry room, a walk-in wardrobe and 1 or more balconies with a stunning waterfront view. Additionally, the townhouses and 3-bedroom apartments will come with a maid’s room for the utmost convenience of homeowners. The real estate sizes in Palace Residences – North range from 639 sq. ft to 1,924 sq. ft.
Palace Residences – North will offer privileged access to a wide array of lifestyle-oriented amenities, which can be found below:
On top of that, there will be the Creek Promenade right on your doorstep, with licensed bars, gourmet restaurants and floating decks for dining, socializing and events. That being said, you will be able to take advantage of a private lift that will take you directly to the townhouses and the pool deck.
Other exciting leisure destinations within easy reach of the development will include:
The initial cost for a stylish 1-bedroom apartment in Palace Residences – North is AED 1,230,000 (USD 335,000).
You can acquire a 3-bedroom townhouse for a minimum of AED 4,190,000 (USD 1,141,000).
*The price is valid for 2023
Palace Residences – North will be located at the gateway to Creek Island, within the vicinity of the Ras Al Khor Road, providing an excellent commute to/from key locations within the emirate. Within just 15 minutes’, you can reach Business Bay, Dubai International Airport and Downtown Dubai. Additionally, Dubai Creek Harbour Marine Transport Station provides you with the opportunity to take a picturesque boat ride to Dubai Festival City.
As well as that, you can easily get to the following facilities by foot;
Not forgetting various educational and healthcare institutions that are easily accessible within a 10-minute drive, such as Universal American School, Deira American School, Nadd Al Hammar Health Center and Al Rashidiya Medical Fitness Center.
Due for completion in Q2 2027, Palace Residences – North provides a premium lifestyle with full access to 5-star amenities and services of the adjacent Palace hotel. Whether you want to replenish your energy in a world-class spa or indulge in mouthwatering gourmet dishes, the hotel will always be at your full disposal.
It is worth considering renting out your property in Palace Residences – North, since 1-bedroom apartments in Dubai Creek Harbour offer a lucrative 6.4% ROI on average. The initial rental cost for a 1-bedroom unit in this area is AED 70,000 (USD 19,000) per annum (based on rentals in Creek Rise).
If the amount of your investment stands at AED 750,000 (USD 204,000) and above, you become eligible for a 2-year investor visa. At the same time, when purchasing a property worth AED 2,000,000 (USD 545,000) or more, one has the opportunity to apply for a 10-year Golden Visa.
*The price is valid for 2023
The developer of Palace Residences – North is Emaar Properties.
The premium development will be situated at the gateway to Creek Island on Dubai Creek Harbour.
One has the opportunity to select from an array of 1–3 bedroom apartments, as well as canal-facing townhouses in 3-bedroom configurations.
Currently Palace Residences – North is an off-plan project, with the estimated completion date scheduled for Q2 2027.
Emaar Properties offers a lucrative 80/20 payment plan. Please note that the booking fee amounts to 10%.
One can purchase an apartment here for a minimum of AED 1,230,000 (USD 335,000). The starting cost for a townhouse is AED 4,190,000 (USD 1,141,000).
Yes, you become eligible for long-term residency when investing in the Palace Residences – North real estate. Dubai offers several options of investor visa depending on the property value.
You have the opportunity to obtain a 2-year investor visa if your property costs at least AED 750,000 (USD 204,000). A 10-year Golden Visa can be obtained if the property is priced at a minimum of AED 2,000,000 (USD 545,000).
Yes, all nationalities are free to acquire real estate in this development. This is due to the fact that Palace Residences – North is located in a freehold area, meaning that you will be granted 100% property ownership.
Properties in Palace Residences – North are an excellent investment, as you will be able to enjoy all the signature services and amenities of the adjacent Palace hotel. Additionally, you can rent out your property with a lucrative ROI, which currently (as of Q1 2023) stands at 6.4% in Dubai Creek Harbour.
Palace Residences North is an excellent accommodation option as it sits within a family-friendly and pet-friendly community with instant access to one of the emirate's largest parks; Creek Promenade and Creek Marina. Young professionals will appreciate living here as well, as the development provides a premium waterfront living just 15 minutes' away from Business Bay and Dubai Downtown.
When residing in Dubai Creek Harbour, you can get to an array of prestigious medical and academic facilities within a radius of a 10-minute drive. These include, but are not restricted to Universal American School, Deira American School, Nadd Al Hammar Health Center and Al Rashidiya Medical Fitness Center.
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