Urgent Distress Deal: Palace Residences Creek Blue | 2BR | High Floor | Canal View | ~AED 555,000 Below OP + DLD | AED 3,565,000

Distressed Resale | Original Price + DLD ~AED 4,120,000 | Selling Price AED 3,565,000 | High Floor | Canal View | Dubai Creek Harbour | Handover Q1 2029

An urgent distress deal at Palace Residences Creek Blue by Emaar Properties, Dubai Creek Harbour — a 2-bedroom apartment on a high floor with a canal view, selling at AED 3,565,000, approximately AED 555,000 below the seller’s original price plus DLD transfer fees of approximately AED 4,120,000. Palace Residences Creek Blue is a branded residential tower managed under the Palace brand, part of the Address Hotels + Resorts portfolio, positioned in Creek Beach within Dubai Creek Harbour. Handover is expected in Q1 2029. This is a rare opportunity to acquire a high floor, canal-facing 2-bedroom unit in one of Emaar’s most prestigious waterfront branded developments at a meaningful discount to the seller’s total acquisition cost.

Property Highlights

• Project: Palace Residences Creek Blue by Emaar
• Location: Creek Beach, Dubai Creek Harbour, Dubai
• Type: 2 Bedroom Apartment
• Size: Approximately 1,180 sq.ft (exact layout and confirmed size available on request)
• Floor Position: High floor
• View: Canal view
• Original Price + DLD: Approximately AED 4,120,000
• Selling Price: AED 3,565,000
• Reduction from Original Price + DLD: Approximately AED 555,000 (~13.5%)
• Price per sq.ft: Approximately AED 3,022/sq.ft (based on estimated size)
• Developer: Emaar Properties
• Brand: Palace, part of Address Hotels + Resorts
• Expected Handover: Q1 2029
• Status: Distressed — Off-plan, under construction
• Payment Plan: 90/10 (10% on booking, 80% during construction, 10% on handover)
• USP: High floor canal-view branded residence at approximately AED 555,000 below original price plus DLD

~AED 555,000 Below Original Price + DLD — Understanding This Urgent Distressed Sale

• Original price + DLD: Approximately AED 4,120,000 — the seller’s combined original purchase price and Dubai Land Department transfer fee, as disclosed by the seller
• Current selling price: AED 3,565,000 — the urgent distressed asking price
• The reduction: Approximately AED 555,000, or approximately 13.5% below the combined original price and DLD cost
• Context: Palace Residences Creek Blue is a 50+ storey branded residential tower by Emaar within Dubai Creek Harbour, with 2-bedroom units typically sized between approximately 1,119 and 1,233 sq.ft. A high floor, canal-facing position within the tower commands a premium over lower-floor or non-view units, which is reflected in this unit’s original acquisition cost
• What the buyer gains: by purchasing at AED 3,565,000, the buyer acquires a high floor, canal-view 2-bedroom apartment in a branded Emaar/Palace development for approximately AED 555,000 less than the seller’s own combined purchase and transfer cost — effectively stepping into a premium waterfront position without paying the premium the current owner already paid
• This is described as an urgent sale; buyers interested in this unit are encouraged to move quickly and to verify the original purchase price, DLD fee documentation, and current payment plan status as part of standard due diligence on any resale transaction

High Floor — Elevated Living Above Dubai Creek Harbour

A high floor position at Palace Residences Creek Blue delivers a meaningful set of advantages over lower or mid-floor units:

• Views — Palace Residences Creek Blue overlooks Dubai Creek, Creek Island, and the wider Dubai Creek Harbour waterfront, with sightlines toward the Downtown Dubai skyline. On a high floor, these views are captured at their fullest, above the rooflines of surrounding lower-rise buildings within the community
• Light and airflow — higher floor positions in a residential tower receive more consistent natural light throughout the day, typically with fewer obstructions from neighbouring buildings
• Noise reduction — at height, ambient noise from the promenade, retail areas, and lower-level activity reduces meaningfully
• Resale and rental premium — high floor units in established Dubai waterfront communities consistently command a premium over lower-floor equivalents at the same bed count and size, both in resale price and achievable rental rate

Canal View — The Defining Waterfront Outlook

A canal view at Palace Residences Creek Blue is one of the most sought-after outlooks within the development:

• Direct waterfront outlook — the unit faces the Dubai Creek canal that separates Creek Island from the surrounding waterfront district, delivering an open, uninterrupted water view rather than a view onto neighbouring buildings
• Combined with a high floor — paired with a high floor, the canal view is captured with maximum depth and minimal obstruction, extending toward Creek Island, the Creek Marina, and the Downtown Dubai skyline in the distance
• Lifestyle appeal — a canal-facing apartment places residents visually close to the waterfront promenade, yacht marina, and Creek Beach lifestyle that defines Dubai Creek Harbour, without sacrificing the privacy of a residential tower
• Resale premium — water-facing units in branded waterfront developments consistently outperform interior or community-facing units on resale value and rental demand
• Combined advantage: a high floor canal-view unit combines both sets of benefits simultaneously — maximum light, an open uninterrupted water outlook, minimal noise, and the strongest achievable view quality within the tower. This combination represents one of the most premium apartment positions available within Palace Residences Creek Blue’s 2-bedroom range

2-Bedroom Sizing at Palace Residences Creek Blue

• Palace Residences Creek Blue’s 2-bedroom units range from approximately 1,119 to 1,233 sq.ft, with two bathrooms, a living and dining area, an open-plan kitchen, a laundry room, and a balcony. This unit’s size is approximately 1,180 sq.ft, comfortably within this range, and buyers should confirm the exact unit size and layout with the listing agent
• This sizing supports a comfortable full-time family residence as well as strong rental appeal — Dubai Creek Harbour continues to attract tenants seeking waterfront-adjacent, well-connected 2-bedroom homes

About Palace Residences Creek Blue by Emaar

Palace Residences Creek Blue is a branded residential tower by Emaar Properties in Creek Beach, within Dubai Creek Harbour. The development rises over 50 storeys and offers 1, 2, and 3-bedroom apartments, managed under the Palace brand — part of the Address Hotels + Resorts portfolio — bringing hotel-grade services and finishes to a residential setting. Handover is expected in Q1 2029. The tower overlooks Dubai Creek and Creek Island and carries the design and delivery credentials of Emaar Properties, the developer behind Downtown Dubai, Dubai Marina, and the Dubai Mall.

Amenities

• Glass pavilion gym with pool views
• Multiple swimming pools, including a dedicated kids’ pool
• Yoga room and dedicated wellness and meditation spaces
• Paddle court
• Games room and multipurpose room
• Landscaped amenity podium and gardens
• Barbecue area
• Children’s play areas
• 24/7 security and concierge services
• Direct access to the waterfront promenade, retail, and dining

About Dubai Creek Harbour

Dubai Creek Harbour is a large-scale waterfront masterplan by Emaar Properties along the historic Dubai Creek, positioned between Downtown Dubai and Dubai International Airport. The community is built around Creek Island, Creek Beach, and the Creek Marina, with a scenic waterfront promenade, cycling and jogging tracks, sports courts, a skate park, retail and dining, schools, and healthcare facilities. The community sits close to the Ras Al Khor Wildlife Sanctuary, home to flamingos and other bird species, and connects to Downtown Dubai and the wider city via Al Khail Road (E44) and Ras Al Khor Road, alongside planned Dubai Metro and RTA ferry connectivity.

Dubai Creek Harbour Lifestyle

• Creek Marina — a hub for yachting, retail, and dining
• Creek Beach — waterfront promenade with an infinity pool and park
• Ras Al Khor Wildlife Sanctuary — a short drive away, known for flamingos and rich biodiversity
• Al Badia Golf Course and Dubai Festival City nearby
• 54+ km of cycling and jogging trails across the wider community
• Schools including Maple Bear Nursery and Swiss International School in proximity
• Planned Dubai Metro expansion and RTA ferry terminal connectivity

Layout and Floor Plan

This 2-bedroom high floor canal-view unit at Palace Residences Creek Blue is approximately 1,180 sq.ft. Published 2-bedroom layouts for Palace Residences Creek Blue typically accommodate two bedrooms with built-in wardrobes, two bathrooms, an open-plan living and dining area, a fitted kitchen, a laundry room, and a private balcony oriented toward the canal. Exact room configuration and confirmed floor plan available on request.

Payment and Transfer

This is an urgent distressed resale at AED 3,565,000, representing a reduction of approximately AED 555,000 from the seller’s original price plus DLD transfer fee of approximately AED 4,120,000.

• Original Price + DLD: Approximately AED 4,120,000
• Selling Price: AED 3,565,000
• Status: Off-plan — under construction, expected handover Q1 2029
• Payment Plan: 90/10 — 10% booking, 80% during construction, 10% on handover
• DLD Transfer Fee: Approximately 4% of the resale price (c. AED 142,600 on AED 3,565,000), plus applicable developer NOC and registration fees for an off-plan resale
• Remaining Payment Plan: Buyer to assume the remaining instalments under the original Emaar payment plan; full schedule available on request
• Mortgage: Subject to bank and developer policy on off-plan resale financing

Location and Connectivity

• Creek Beach / Creek Marina: A short walk within the community
• Ras Al Khor Wildlife Sanctuary: A short drive away
• Al Badia Golf Course: A short drive away
• Dubai Festival City: A short drive away
• Downtown Dubai / Burj Khalifa: Approximately 15 minutes by car
• Dubai International Airport (DXB): Approximately 10–15 minutes by car
• Al Khail Road (E44): Direct access from Dubai Creek Harbour
• Metro and RTA ferry connectivity: Planned within the community, with existing metro stations in the wider vicinity

Why Acquire This Unit at AED 3,565,000

• Approximately AED 555,000 below the seller’s original price plus DLD fees — a meaningful discount to total acquisition cost on a premium branded residence
• High floor + canal view — one of the most advantaged positions within Palace Residences Creek Blue’s 2-bedroom range, combining maximum light, an open water outlook, and minimal noise
• Branded Palace residence, part of Address Hotels + Resorts — hotel-grade design and services within a residential setting
• Emaar Properties — the developer behind Downtown Dubai, Dubai Marina, and the Dubai Mall, with a track record of timely delivery and sustained value in the communities it creates
• Dubai Creek Harbour — one of Dubai’s most significant waterfront masterplans, with marina, beach, wildlife sanctuary, retail, and schools within the community
• Freehold ownership available to all nationalities
• Urgent sale — motivated seller, priced for a fast transaction

Frequently Asked Questions (FAQs)