Distress Deal | 3-Bedroom Corner Apartment | Palace Residence North, Dubai Creek Harbour

Rare Below-Market 3BR in Palace Residence North, Dubai Creek Harbour — AED 4,000,000

This is a compelling distress deal opportunity for discerning investors and end-users seeking a premium 3-bedroom residence in one of Dubai’s most prestigious waterfront communities. A corner apartment in Palace Residence North, Dubai Creek Harbour by Emaar is now available at AED 4,000,000 — AED 550,000 (approximately 12%) below the last recorded transaction of AED 4,550,000. Spanning 1,644 sq ft with dual views across the pool and Creek Beach, this unfurnished corner unit represents exceptional value in a landmark Emaar development with strong rental potential of AED 220,000–260,000 per year.

Property Highlights

• Property Type: Apartment
• Project: Palace Residence North, Dubai Creek Harbour
• Developer: Emaar Properties
• Layout: 3 Bedrooms — Corner Unit
• Size: 1,644 sq ft
• View: Pool View + Creek Beach
• Furnishing: Unfurnished
• Asking Price: AED 4,000,000
• Last Transaction: AED 4,550,000
• Discount: AED 550,000 (≈12% below last transaction)
• Status: Off-Plan — Distress Property
• Rental Potential: AED 220,000–260,000 per year (estimated)
• Ownership: Freehold — All Nationalities
• Payment Plan: Available on request
• Handover: To be confirmed with the latest developer update

About Palace Residence North

Palace Residence North is a signature residential tower within Dubai Creek Harbour, Emaar’s landmark 6-square-kilometre waterfront city on the banks of the historic Dubai Creek. Developed under the prestigious Palace brand — synonymous with five-star luxury hospitality across the UAE — Palace Residence North delivers an elevated residential experience with hotel-inspired amenities, curated design, and unobstructed views across Creek Beach and the community’s centrepiece waterfront. As part of Emaar’s master community, residents enjoy seamless access to the full Dubai Creek Harbour lifestyle: retail, dining, parks, a marina, and the iconic Creek Tower site.

Community and Lifestyle

• Situated in Dubai Creek Harbour, Emaar’s 6 sq km integrated waterfront city
• Branded residential experience under the Palace Hotels and Resorts banner
• Direct access to Creek Beach — a curated urban beach destination within the community
• Adjacent to Dubai Creek Harbour Yacht Club and Marina
• Walking distance to Island Park, Creek Marina, and the Dubai Creek Harbour Retail District
• Overlooking the site of Creek Tower, designed to surpass Burj Khalifa in height
• Ras Al Khor Wildlife Sanctuary — a UNESCO-recognised flamingo reserve — within 5 minutes
• Ideal for families, professionals, and high-net-worth investors seeking a branded waterfront residence

Amenities

• Infinity Swimming Pool with Creek and Skyline Views
• Fully Equipped State-of-the-Art Gymnasium
• Creek Beach Access — Private Urban Beach
• Children’s Play Areas and Kids Pool
• Dedicated Concierge and Palace Hotel Services
• Covered Residents’ Parking
• 24/7 Security and CCTV Monitoring
• Landscaped Podium Gardens and Outdoor Terraces
• Retail and Dining at Ground Level and Within the Wider Community
• High-Speed Elevators and Smart Building Features
• Spa and Wellness Facilities (subject to confirmation)
• Dedicated Building Maintenance and Management Services

Layout and Floor Plan

This 3-bedroom apartment spans 1,644 sq ft and occupies a coveted corner position within Palace Residence North, providing a wider field of view and additional natural light across multiple aspects. The corner configuration delivers dual exposure — pool and Creek Beach — creating a premium living environment for families and those prioritising space and outlook. The layout incorporates generous bedroom proportions, an open-plan kitchen and living area, and a balcony or outdoor terrace suited to the creek-facing orientation. Detailed floor plan for this 3-bedroom corner unit in Palace Residence North, Dubai Creek Harbour is available on request.

Payment and Handover

This unit is being offered as a distress resale at AED 4,000,000 — representing an AED 550,000 saving relative to the last recorded transaction in the building at AED 4,550,000. As an off-plan resale, the buyer assumes the remaining payment obligations under the original Emaar payment plan. The full breakdown of amounts paid, amounts outstanding, and the current payment schedule is available on request. Handover date is to be confirmed with the latest developer update from Emaar. Dubai Land Department transfer fees are typically 4% of the purchase price. All associated transaction costs, NOC fees, and agent fees are available on request.

Location and Connectivity

• Dubai International Airport (DXB): approximately 10 minutes by car
• Downtown Dubai and Burj Khalifa: approximately 10–15 minutes by car
• Dubai Mall: approximately 10–15 minutes by car
• DIFC (Dubai International Financial Centre): approximately 15 minutes by car
• Ras Al Khor Wildlife Sanctuary: approximately 5 minutes by car
• Business Bay: approximately 15 minutes by car
• Dubai Creek Harbour Metro Station (planned): within the masterplan
• Ras Al Khor Road and Al Khail Road: direct access

Why Invest in Palace Residence North, Dubai Creek Harbour

• AED 550,000 (≈12%) below last recorded transaction — immediate equity position for the buyer
• Branded Palace Residences — among the most recognisable luxury residential brands in Dubai
• Estimated rental yield of AED 220,000–260,000 per year — strong gross return potential on a AED 4M asset
• Corner unit with dual pool and Creek Beach views — a premium, highly sought-after configuration
• Emaar — Dubai’s most trusted developer with a global delivery track record
• Dubai Creek Harbour is one of the UAE’s largest and most ambitious urban waterfront projects
• Proximity to DXB Airport, Downtown, and DIFC positions the asset for consistent tenant demand
• Freehold ownership available to all nationalities with potential UAE investor visa eligibility
• Creek Tower — planned to be the world’s tallest structure — is the community’s centrepiece landmark

Frequently Asked Questions (FAQs)