1 Bedroom Branded Apartment in Palace Residences North, Dubai Creek Harbour, Seller-Labelled Distress

Property Overview

This apartment in Palace Residences North, Dubai Creek Harbour, is offered at AED 2,000,000. The unit spans 645 sqft, which aligns with the 1-bedroom layouts in the building based on published Emaar floor plans. Palace Residences North is an off-plan branded development by Emaar Properties with handover expected in Q2 2027. No original purchase price or market benchmark has been supplied.

Property Highlights

• Apartment, 645 sqft (1-bedroom inferred from size)
• Palace branded residence (Address Hotels + Resorts)
• Asking price: AED 2,000,000
• Rate: AED 3,101 per sqft
• Off-plan, handover Q2 2027
• Payment plan: 80/20
• Developer: Emaar Properties
• Original price: not stated

Benchmark Verification Required

The agent labels this as a distress deal but has not stated an original purchase price, a market price or any dated comparison benchmark. DPF cannot verify the distress claim or calculate a savings figure without a stated benchmark.

For context, the published launch starting price for 1-bedroom apartments in Palace Residences North was approximately AED 1,200,888 to AED 1,230,000 from the Q1 2023 launch. The asking price of AED 2,000,000 is significantly above the launch starting price, which may reflect market appreciation since launch or a premium unit position. DPF staff should review DLD transaction records for recent Palace Residences North sales to establish current market value before publishing.

About Palace Residences North

Palace Residences North is a 33-storey branded residential tower by Emaar Properties in the Island District of Dubai Creek Harbour. Launched in Q1 2023, the development comprises 335 units including 1, 2 and 3-bedroom apartments and 3-bedroom two-storey canal-facing townhouses. The building operates under the Palace brand, part of the Address Hotels + Resorts portfolio, providing residents with access to five-star hotel amenities and services from the adjacent Palace hotel.

Amenities include an infinity pool, gym, yoga room, children's play area, children's pool and direct access to the Creek Promenade with restaurants, retail and entertainment. Residents benefit from world-class spa services, gourmet dining and dedicated concierge through the Palace hotel partnership.

About Dubai Creek Harbour

Dubai Creek Harbour is a waterfront master community by Emaar Properties spanning over 1,400 acres along the historic Dubai Creek. The development includes multiple residential districts, Creek Beach, retail and dining destinations, landscaped parks and the Creek Tower landmark. The Island District, where Palace Residences North is located, is positioned at the gateway to Creek Island on the Creek Promenade.

Location and Connectivity

Palace Residences North sits within the Island District of Dubai Creek Harbour with access to Ras Al Khor Road and Al Khail Road. The community is near Dubai International Airport, Downtown Dubai and Business Bay. The Ras Al Khor Wildlife Sanctuary is adjacent to the development. Buyers should verify specific travel times independently.

Verification Notes

The asking price and built-up area (645 sqft) are the only unit-specific facts sourced from the agent brief received in September 2026. The bedroom count was not stated and is inferred as 1-bedroom based on the size match to published Emaar floor plans (1BR from approximately 638 sqft). No original purchase price, market benchmark, view, floor or handover date was provided in the brief. The handover date of Q2 2027 is sourced from published Emaar timelines. The price per square foot of AED 3,101 is calculated from the asking price and stated built-up area. Buyers should independently confirm all figures, including the bedroom count, original SPA, payment history, remaining instalments and current unit status, with the seller and developer before committing.