Overview

Property Description

Palace Residences - North, launched in Q1 2023, is a new addition to the coveted Palace Residences development in Dubai Creek Harbour by Emaar Properties. In addition to 1–3 bedroom apartments, the project will contain 2–3 bedroom canal-facing townhouses with sophisticated interiors, as well. Address Hotels + Resorts owns the award-winning Palace brand, which encapsulates a luxurious lifestyle for its guests and residents. Property buyers will be interested to learn that the layouts will include a laundry room, a walk-in wardrobe, and a balcony or balconies overlooking the waterfront. The real estate sizes in Palace Residences – North range from 639 square feet to 1,924 square feet. Additionally, the townhouses and 3-bedroom apartments come with a maid's room for the ultimate convenience of homeowners. Besides that, you will also have access to the Creek Promenade, which includes licensed bars, gourmet restaurants, and floating decks for dining, socializing, and events right on your doorstep. As a result, you can access the townhouses as well as the pool deck directly from your private lift. A stylish 1-bedroom apartment in Palace Residences - North costs AED 1,230,000 (USD 335,000). A three-bedroom townhouse costs at least AED 4,190,000 (USD 1,141,000). *Prices are valid for 2023 With full access to the 5-star amenities and services of the adjacent Palace hotel, Palace Residences - North will provide a premium lifestyle when it is completed in Q2 2027. A world-class spa and mouthwatering gourmet dishes are always available at the hotel, whether you wish to replenish your energy in a spa or indulge in mouthwatering gourmet dishes. As 1 bedroom apartments in Dubai Creek Harbour offer a lucrative 6.4% ROI on average, it is worth considering renting out your apartment in Palace Residences – North. 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). The amount of your investment must be AED 750,000 (USD 204,000) and above in order to qualify 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 can apply for a 10-year Golden Visa.

Features & Amenities

Location