PropertyIndex

Palace Residences - Dubai Creek Harbour

Completed · Q4 2022|714 units · 1 tower · 1 podium

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Palace Residences - Dubai Creek Harbour is a completed apartment development by THE LAGOONS PHASE ONE L.L.C in Dubai Creek Harbour, Al Khairan First, comprising 714 registered units. 1,025 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,940 per sqft. At AED 2,940 per sqft, Palace Residences - Dubai Creek Harbour prices 23% above the Dubai Creek Harbour average of AED 2,399 per sqft on registered sales.

PIX© price · 3.2% YoY
3.12MAED
Typical
2,940AED
PSF
Gross yield
5.0%
PIX© rent ÷ PIX© price
Sale records
1,025
DLD · all time
Rent contracts
898
Ejari · all time
Palace Residences - Dubai Creek Harbour

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
37 – 227,573 sqft
7143.12M2,9403.2%154K5.0%
Residential
1 Bed · Apartment
699 – 770 sqft
221
2 Bed · Apartment
1,089 – 1,191 sqft
276
3 Bed · Apartment
1,779 – 1,824 sqft
82
4 Bed · Apartment
2,363 – 2,372 sqft
8
Hospitality
Studio · Hotel Room
227,573 sqft
1
Commercial
Shop
855 – 1,365 sqft
4
Store
37 – 203 sqft
122
Sales — Project-Wide1,025 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Floor Analysis
last 24 months
Median PSF · 123 sales
Floors 1-11 · 33 sales
Floors 12-42 · 90 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
7 Aug 20262 BedFloor 261,1873,350,0002,822+48.9%StandardPayment Plan Sale
20 Jul 20263 BedFloor 271,7994,700,0002,612+30.6%StandardStandard Sale
5 Jun 20262 BedFloor 301,0953,000,0002,739+53.0%StandardPayment Plan Sale
Rentals — Project-Wide898 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 691 rentals
Floors 1-17 · 337 rentals
Floors 18-43 · 354 rentals
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
22 Nov 20263 Bed1,799100,00056Entry Levelrenewal
25 Aug 20262 Bed1,188180,000151Standardrenewal
19 Aug 20262 Bed1,187170,000143Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai Creek Harbour

The closest-priced registered projects in Dubai Creek Harbour.

Common questions about Palace Residences - Dubai Creek Harbour

Answered from Dubai Land Department registered transactions.

How much does a property in Palace Residences - Dubai Creek Harbour cost?

Property in Palace Residences - Dubai Creek Harbour sells at a current PIX© price of AED 2,940 per sqft, or about AED 3,115,612 for a typical unit, based on 1,025 sales registered with the Dubai Land Department.

Is Palace Residences - Dubai Creek Harbour completed?

Yes. Palace Residences - Dubai Creek Harbour is recorded as completed in the Dubai Land Department project register (completed q4 2022).

Who is the developer of Palace Residences - Dubai Creek Harbour?

Palace Residences - Dubai Creek Harbour is developed by THE LAGOONS PHASE ONE L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Palace Residences - Dubai Creek Harbour?

Palace Residences - Dubai Creek Harbour yields 5.0% gross, calculated from current PIX© rent against current PIX© sale price, across 898 registered Ejari contracts.

How many units are in Palace Residences - Dubai Creek Harbour?

Palace Residences - Dubai Creek Harbour holds 714 registered units, per the Dubai Land Department unit register.

Have prices in Palace Residences - Dubai Creek Harbour gone up or down?

Price per sqft has risen +3.2% over the last 12 months, to AED 2,940, across 1,025 registered sales.