Set on the Emaar Beachfront between Palm Jumeirah and Jumeirah Beach Residence, Palace Beach Residences is one of the latest Emaar projects. The project offers elegant apartments, luxury townhouses, and penthouses. Every apartment has a sea view on the Palm Jumeirah or Dubai Marina. The complex will be completed in Q4 2025.
The project consists of two skyscrapers named Tower 1 and Tower 2 (29 and 42 floors). The investors and regular clients have an opportunity to choose the property they need from a range of 1 to 4-bedroom apartments. Those who are looking for a luxury property might be interested in 3 or 4-bedroom townhouses and penthouses. The residences in Tower 1 are fully sold out. The properties in Tower 2 start with a size of 598 sq.ft and price from AED 1,700,000 (USD 462,000).
*The price is valid for 2020
The residents are offered private beach access. A landscaped pool deck and a garden with a barbecue area make a stay in Palace Beach Residences like a holiday in a luxury resort. Also, there is a range of licensed restaurants in the Palace Beach Residences. A new mall is planned to be built in this area.
As well as all the above, the Residences have a play-zone, where your children can find new friends and have fun. Residents who plan to do sports but don’t have time to go to fitness clubs will appreciate the residents’ health club. There is a yacht club nearby, where you can rent a yacht or go on a tour.
Located right next to Dubai Marina and Sheikh Zayed Road, Palace Beach Residences boast good transport connectivity both by private vehicle and public transport. Residents will also be able to reach some of the key areas of Dubai on foot. For instance, a walk to Dubai Marina takes 35 minutes, and to Jumeirah Beach Residence, 50 minutes.
The Mina Seyahi Tram Station can be reached in 20 minutes on foot. From there you can get on T1 to Sobha Realty metro station (named Dubai Marina before) in 5 minutes. However, if the weather is too hot, it might be better to take a car. Then the journeys will take 10 and 15 minutes respectively.
Some popular sights are located nearby:
Within a 20 minute drive, residents can also reach the following places: Downtown Dubai, Dubai International Airport, Emirates Gold Club, American Hospital Dubai Media City Clinic, Emirates Hospital Clinic, Dubai College and some schools.
Palace Beach Residences are located in one of the best areas of Dubai. It is the main reason why investors and regular clients are interested in this propertyj. Moreover, Palace Beach Residences have launched an exclusive program of a 2-year post-handover payment plan.
The annual rental price for a 1-bedroom apartment in the nearby properties starts from AED 32,000 (USD 8,700). In the case of short-term rental, an annual rental income will be a bit higher. While 1-bedroom apartments are popular among couples and singles, townhouses are the best option for big families.
Return on investment in real estate in this area is from 5% per year. And it might grow after the further development of Emaar Beachfront surroundings.
*The price is valid for 2020
Sign up for our weekly newsletter for market updates!