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Palace Residences - North

About Palace Residences - North

1,230,000 AED Starting Price from
1-3BR Available Units
638 Area from
(sq. ft.)
2027 Q2 Handover

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:

  • Raised pool deck with uninterrupted views of the promenade, waterfront and a lawn
  • Infinity-edge pool
  • Children’s play area and a pool
  • Splash pad
  • Fountains
  • Dedicated yoga room & gym
  • Barbecue area
  • Lawns
  • Entertainment area
Palace Residences – North

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:

  • Creek Marina that houses food trucks, art installations, a yacht club, a marina with 81 berths, the licensed Vida Creek, a sculptural viewing deck and Harbour Hotel.
  • Central Park, with a total area of 6 football fields, is one of the emirate’s largest parks, with a children’s play area, skating areas, a lawn amphitheater, a dog park, a splash pad and a fitness plaza.
  • The Viewing Point provides a stunning panorama of the Dubai Creek and the skyline of Downtown Dubai. This is a 230 ft long structure spanning out over Dubai Creek, with an 85 ft cantilever projecting out over the water.
  • Creek Beach offers 984 sq. ft of pristine white sand, an infinity pool, world-class swimming pools, sand bar mounds, F&B venues and much more.
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Property Information

  • Location Dubai Creek Harbour, Dubai, UAE
  • Developer Emaar
  • Status of Project In progress
  • Type of Project Residential Tower, Townhouses
  • Units 1-3BR Apartments, 3BR Townhouses
  • Area from 638 sq. ft.
  • Total Amount of Units 335
  • Payment Plan 80/20

Floor Plans of Palace Residences - North

Reflection Floor Plans

Floor Plan Type Unit Type Category Total Area Starting prices
1 Bedroom Apartment 638 sq. ft. 1,230,000 AED
1 Bedroom Apartment 641 sq. ft. Ask for Price
2 Bedrooms Apartment 991 sq. ft. 1,700,000 AED
2 Bedrooms Apartment 1,111 sq. ft. Ask for Price
3 Bedrooms Apartment 1,653 sq. ft. 3,000,000 AED
3 Bedrooms Townhouse 1,923 sq. ft. 4,000,000 AED

Property Prices

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

Payment Plan

10% On Booking
10% Apr. 2023
10% Oct. 2023
5% Apr. 2024
5% Oct. 2024
10% Apr. 2025
10% Oct. 2025
10% Apr. 2026
10% Sep. 2026
20% Handover in 2027 Q2

Location

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;

  • Male & Female Prayer Room
  • Maple Bear Nursery Creek Harbour
  • W Mart Supermarket
  • Aster Pharmacy 142
  • Black Mustache Gents Salon & Spa
  • Eden Blossom Ladies Salon (Creek Harbour)

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.

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Economic Appeal

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

FAQ

Who is the developer of Palace Residences – North?

The developer of Palace Residences – North is Emaar Properties.

What is the address of Palace Residences – North?

The premium development will be situated at the gateway to Creek Island on Dubai Creek Harbour.

What are the unit types on offer?

One has the opportunity to select from an array of 1–3 bedroom apartments, as well as canal-facing townhouses in 3-bedroom configurations.

What is the completion date of Palace Residences – North?

Currently Palace Residences – North is an off-plan project, with the estimated completion date scheduled for Q2 2027.

What are the payment plans for Palace Residences – North?

Emaar Properties offers a lucrative 80/20 payment plan. Please note that the booking fee amounts to 10%.

How much does an apartment and a townhouse cost in Palace Residences – North?

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).

Can I obtain residency if I buy property in Palace Residences – North?

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.

What type of visa can I get when I buy a property?

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).

Can a foreigner buy property in Palace Residences – North?

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.

Is an apartment in Palace Residences – North a good investment?

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.

Is Palace Residences – North is a good place for living in Dubai?

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.

What are the pros and cons of living in Dubai Creek Harbour?

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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  • +971 4 428 6151
  • 36th-38th Floor, Al Salam Tecom Tower,
    Internet City, Dubai, UAE

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