The first 30 frames come from the seller’s own listing; the rest show the building and its grounds.
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Dubai Creek Harbour
PALACE RESIDENCES
1 BR · Apartment
What the seller states
- Floor
- (7-15)
- View
- Creek Island
- Balcony
- Yes
- Parking
- Yes
Details as stated by the seller for this specific unit — not characteristics of the building.
Payment plan
About the building
Located in Creek Island, completed in 2022. Developer — Emaar Properties.
Specifications for Palace Residences per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
Dubai Creek Harbour
Emaar’s waterfront city on Dubai Creek: delivered in phases over decades, with the Downtown skyline across the water.
- long-term holds
- waterfront at below-Downtown prices
- Emaar community management
What to check: Much of the masterplan is unbuilt and the anchor attractions are years away. Buy in a completed phase with a protected outlook and price it on what exists — not on the render of what the district will eventually be.
Full district guide →Questions and answers about lot NP2-499588
How much is this 1-bedroom apartment in PALACE RESIDENCES?
Lot NP2-499588 is priced at AED 1 730 000, about $471 000. The size is 705 sq ft (65 m²), which works out at AED 2 454 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in PALACE RESIDENCES?
The database holds 2 lots in PALACE RESIDENCES right now, from AED 1 730 000 to AED 4 275 000.
Is this expensive or cheap for Dubai Creek Harbour?
The database holds 45 lots in Dubai Creek Harbour, starting from AED 1 500 000. The area median is AED 2 656 per sq ft; this lot, at AED 2 454, is 8% below it. 14 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Creek Harbour area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2022 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 346 000; a loan of AED 1 384 000 over 25 years at 3.75–4.99% a year comes to roughly AED 7 100–8 100 a month. A non-resident puts down from 40% (AED 692 000) and pays about AED 5 300–6 100 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 69 200 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 270 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about PALACE RESIDENCES?
The building has 9 floors. The developer is Emaar. Completion year: 2022. Figures are from the project passport: Propsearch and the Dubai Land Department.
PALACE RESIDENCES project page →What does the seller say about the property itself?
From the listing: floor — (7-15); view — Creek Island. The seller's wording is quoted as is.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP2-499588 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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