PropertyIndex

Palace Residences

Completed|714 units · 1 tower · 1 building

Palace Residences is a completed development by EMAAR in Dubai Creek Harbour (The Lagoons), comprising 714 registered units. 1,021 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,948 per sqft. At AED 2,948 per sqft, Palace Residences prices 30% above the Dubai Creek Harbour (The Lagoons) median of AED 2,269 per sqft on registered sales.

PIX© price · 1.9% YoY
3.15MAED
Typical
2,948AED
PSF
Gross yield
4.9%
PIX© rent ÷ PIX© price
Sale records
1,021
DLD · all time
Rent contracts
942
Ejari · all time
Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor
Units on floor 17

1 Bed on Floor 17, Palace Residences

Size
Record
Oct 2021 to Jul 2024
Owners
5
Tenants
1
Price change
Yield on cost
Sale price by owner
PartyDatePrice / RentAEDPSFvs priorHeldNote
1Tenant 116 Jul 202412 mo
Owner 5
5Owner 54 Jul 20242.2 yrs
Current owner
4Owner 428 Sep 20239 mo
3Owner 324 Jan 20238 mo
2Owner 23 Nov 20223 mo
1Owner 126 Oct 202112 mo
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1 Bed · Floor 17 · Palace Residences
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Palace Residences

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 - 227,571 sqft
7143.15M2,9481.9%155K4.9%
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-----
Hotel Apartment (Bedrooms Unknown)
227,571 sqft
1-----
Commercial
Shop
855 - 1,365 sqft
4-----
Warehouse
37 - 203 sqft
122-----
Sales - Project-Wide1,021 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
Latest transactions
DateUnit No.BedsPositionSizePricePSFvs Prior SaleTierType
7 Aug 20262 BedPalace Residences · Floor 261,1873,350,0002,822+48.9%StandardPayment Plan Sale
20 Jul 20263 BedPalace Residences · Floor 271,7994,700,0002,612+30.6%StandardStandard Sale
5 Jun 20262 BedPalace Residences · Floor 301,0953,000,0002,739+53.0%StandardPayment Plan Sale
Rentals - Project-Wide942 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Latest contracts
Start DateUnit No.BedsPositionSizeRent / YrRent PSFvs Prior RentTierType
22 Nov 20263 BedPalace Residences · Floor 301,799100,00056-Entry LevelCERTIFICATE
16 Sep 20262 BedPalace Residences · Floor 381,101190,522173-PremiumCONTRACT
15 Sep 20262 BedPalace Residences · Floor 271,188150,000126-Entry LevelCONTRACT

Comparables

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

Comparable projects in Dubai Creek Harbour (The Lagoons)

The closest-priced registered projects in Dubai Creek Harbour (The Lagoons).

Common questions about Palace Residences

Answered from Dubai Land Department registered transactions.

How much does a property in Palace Residences cost?

Property in Palace Residences sells at a current PIX© price of AED 2,948 per sqft, or about AED 3,154,276 for a typical unit, based on 1,021 sales registered with the Dubai Land Department.

Is Palace Residences completed?

Yes. Palace Residences is recorded as completed in the Dubai Land Department project register.

Who is the developer of Palace Residences?

Palace Residences is developed by EMAAR, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Palace Residences?

Palace Residences yields 4.9% gross, calculated from current PIX© rent against current PIX© sale price, across 942 registered Ejari contracts.

How many units are in Palace Residences?

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

Have prices in Palace Residences gone up or down?

Price per sqft has risen +1.9% over the last 12 months, to AED 2,948, across 1,021 registered sales.