PALACE RESIDENCES BY ADDRESS HOTELS + RESORTS has just launched for sale.
For the first time Emaar has created a Residential building and supplied additional benefits from the neighbouring hotel. You can see a video intro by clicking here.
This 5-star waterside residence is located in a prime spot of Dubai Creek Harbour, minutes from Downtown Dubai, and boasts stunning views toward the upcoming tallest tower in the world. Adjacent to the new Palace Hotel, the residences boast a range of dining choices and deluxe hotel luxury services.
For investors the research shows branded residences typically offer 30% higher capital appreciation to un-branded residences.
For end-users and second home/ holiday home-owners you can benefit from hotel style services and lifestyle benefits in a residential building, without the typical overhead associated with fully serviced apartments.
The project is on the waterfront of the Island District in Dubai Creek Harbour where the first handovers will be taking place within the next few months.
- Views of the Creek Tower, Dubai Canal, Creek Park, Promenade, and Creek Beach
- Direct Access to the adjacent Palace Hotel
- Unobstructed Views of Dubai Creek Tower
- Steps away from Dubai Creek Marina
- Adjacent to Creek Tower Pedestrian Bridge designed by same architect as Creek Tower
Palace Residences provide a whole host of exclusive amenities in both the residential towers (which is for sale) and hotel, all of which you have access to:
- On demand 5 Star Hotel Service (optional Laundry, cleaning, linen service)
- Valet parking
- 24/7 Concierge Service
- Infinity Edge Swimming Pool
- Signature Bar & Grill, All Day Dining,
- Gym, Spa, Meeting Room
Pricing, Payment Terms & Additional Benefits
This is the best priced launch in Dubai Creek Harbour to-date with a range of benefits for both end-users and investors:
1 Beds start from AED 1m ($272k)
2 Beds start from AED 1.3m ($353k), with full creek tower view approx AED 2m ($544k)
3 Beds start from AED 2.7m ($735kK
4 Beds are approx AED 3.5m ($952k)
The project is offered for a limited time on a 40% 3 years post handover payment plan with only 5% booking; you get the keys in Q4 2022 after paying 60% of the property price and still have 3 years to finish your payments – in essence a 6 year payment plan.
Additional Benefits for Sales During Launch Period:
- 50% DLD fee waiver,
- 5 years free property management,
- 50% off on all services in the adjacent Palace Hotel,
- 25% on Palace F&B,
- Complimentary Valet and Concierge services,
- 2 years service charge waiver is offered to bulk purchasers (3 or more units)
Prime LocationPalace Residences is located in Dubai Creek Harbour which is 10 minutes from Downtown Dubai, 10 minutes from Dubai International Airport, connected by fast road and metro links, and served by water taxis. Residents can also berth their yachts in the nearby Creek Marina.
For an intro to Dubai Creek Harbour please click here.
Please click here to see more details on the Dubai Square Mall which will be larger than Dubai Mall and boasts the largest China Town in the Middle East, as well as a direct connection to Dubai International Airport.
Full project info and renders of the project can be viewed by clicking here.
Booking can be made with AED 37,000 (USD 10,000) and all paperwork can be signed remotely. Please review and let me know when you are free to discuss further.