Palace Residences – North. Investment project
The PALACE RESIDENCES – NORTH residential complex is a project of Emaar Properties, one of the leading developers of prestigious real estate in Dubai. Two high-rise buildings are being built in Dubai Creek Harbour. The complex offers premium apartments with 1-3 bedrooms and a limited series of townhouses.
Overview of PALACE RESIDENCES – NORTH
Palace Residences – North is a luxury residential complex being developed by Emaar Properties, one of the largest developers in the UAE, together with the Address Hotels + Resorts division of Emaar Hospitality Group. The new project will be a chic addition to the portfolio of the world-famous premium hotel chain, which embodies unsurpassed luxury and comfort.
The result of the work of two large companies will be an exclusive collection of residences in a luxurious 33-storey tower close to the Creek Promenade, with stunning views of Creek Beach and the skyscrapers of Downtown Dubai. Construction of the project will begin in the third quarter of 2023. Completion is scheduled for the second quarter of 2027.
Palace Residences – North features 335 branded properties for sale – stunning 1-3 bedroom flats in Dubai and exclusive 3 bedroom townhouses. Residences are offered in various configurations, and the living area varies from 59 sq. m to 179 sq. m.
The interweaving of natural elements with modern accent details enhances the sophisticated design. The most thoughtful layouts and interiors are focused on the individuality and comfort of residents. All residences include a spacious kitchen and living room, at least one balcony, a laundry room, built-in wardrobes, and an additional bathroom in the master bedroom. Three-bedroom apartments and townhouses have separate maid rooms with a private bathrooms. Townhouses are also complemented by elevators that can be used directly from the waterfront.
For relaxation and a busy life, Palace Residences – North residents will be offered world-class amenities, including an infinity pool, yoga rooms, a gym, and a barbecue area. Also, the complex’s territory will be available:
− A playground.
− A swimming pool.
− A dry fountain.
− A green area for walking.
− A stunning lounge on the ground floor.
− A pool terrace from which you can admire the unique views of the emirate.
A short walk from Palace Residences – North is the five-star Palace Hotel, whose services and complex residents can use amenities. Here you can relax in the spa, walk to the observation deck, and visit restaurants, cafes, bars, etc. Also, Palace Residences – North residents will have access to amazing entertainment on the waterfront.
Location
The stunning Palace Residences – North skyscraper will be located in Dubai Creek Harbor, a new developing community near the center of Dubai. The area of the district is over 6,000 sq. km, which will stretch residential and commercial complexes, parks, shopping centers, and various entertainment facilities.
All the necessary infrastructure facilities will be within walking distance from Palace Residences – North: shops, restaurants, pharmacies, a promenade, etc. Maple Bear Nursery Creek Harbor is a five-minute drive, and Nadd Al Hamar Health Center is a 10-minute drive.
The skyscraper will rise close to the Creek Promenade. Walk to Central Park and its entertainment facilities in five minutes and Dubai Creek Harbor Marina Walk – in no more than 15 minutes.
Creek Island has a water taxi stop. The complex is strategically located close to three bridges linking the community to the main part of the city.
Thanks to this, the project’s residents will be able to get anywhere in the emirate quickly. It takes only 10 minutes to drive to Ras Al Khor Wildlife Sanctuary. Getting to Dubai International Airport (DXB) takes about the same time.
The emirate’s sought-after attractions, such as Dubai Mall and Burj Khalifa, are around 20 minutes’ drive away, while the stunning artificial Palm Jumeirah is approximately 40 minutes drive away.
Benefits of purchase
Palace Residences – North is a luxurious project with a modern and elegant design, offering 335 branded residences and premium amenities. The complex is located in one of the most ambitious and luxurious communities – Dubai Creek Harbour. Advantageous location close to popular attractions and Dubai International Airport (DXB) and easy access to numerous world-class amenities and entertainment makes the project’s residences in demand among young couples and families with children.
Palace Residences – North is scheduled to be handed over in June 2027, but you can already purchase exclusive apartment rentals or townhouses at a favorable payment plan from the developer. When the complex is ready for occupancy, property owners can apply for a UAE resident visa option: a 2-year or Golden Visa. The latter is issued for 10 years and is available in case of the purchase of a residence worth AED 2,000,000 (USD 545,000). The property of the project can also be considered an excellent investment asset. The average rent for a one-bedroom apartment in Dubai Creek Harbor is currently AED 90,000 (USD 25,000). At the same time, ROI is at the level of 6.4%.
Attractions near Residences North
The main attraction of the community will be the Creek Tower. Upon completion, the skyscraper of its original form with several observation decks should become the tallest building in the world. Numerous shops, restaurants, cinemas, and other entertainment venues will be located on its territory.
In the immediate vicinity of the residential complex is a large natural reserve, which is home to a population of pink flamingos and a landscaped embankment. Downtown Dubai, home to famous and iconic landmarks such as the Burj Khalifa and dancing fountains, is a 10-minute drive away. You can rent a car at Palace Residences North to quickly move around the city.
Malls and supermarkets near Palace Residences North
Dubai Square, the largest shopping mall in the community, is currently under construction. This is part of a master plan for developing the area next to Dubai Creek Tower. The shopping and entertainment establishments will occupy an area of more than 2.5 km2 and contain many shops and restaurants. So far, purchases can be made in branches of supermarket chains and malls located in neighboring communities.
Buying property in Dubai, UAE
The site Emirates.Estate presents apartments and houses at the price of the developer. The property is being sold at a favorable payment scheme. The experts will help you find the right property in real-time, whether you search for properties for sale off plan in Dubai or other property for sale in Dubai.
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