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Avarra by Palace

Business Bay · Emaar

Project factsheet

Developer Emaar
Status Under construction
District Business Bay
Handover Q2 2031

Layouts and the handover date come from the developer's brochure in our archive. Prices and payment plans from the same source are deliberately not published: they are dated to when the brochure was issued and do not match today's prices. I will send the current ones over WhatsApp.

About the building

A residential building in Business Bay, currently under construction. Developer — Emaar.

Specifications for Avarra by Palace per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.

About the project

Avarra by Palace is a residential building in Business Bay, handover is due Q2 2031.

The developer is Emaar.

The database currently holds 1 lot in this project, from 1 500 000 AED; 1 of them priced below the market, the deepest discount 19%.

A 75-storey Emaar tower in Business Bay under the Palace hotel brand, eight minutes from Burj Khalifa. One-bedrooms from 73 sq m start at $735,000, with payments spread over six years.

Prices and formats

One-bedrooms from 73 sq m start at $735,000; two-bedrooms from 111 sq m start at $1.089 million; three-bedrooms from 152 sq m start at $1.552 million. Four-bedrooms and a penthouse sit above that.

The price per metre runs around $10,000 for the one-bedroom and $9,800 for the two-bedroom — it holds steady across the whole lineup. For Business Bay that is a premium level: ordinary towers in the district go noticeably cheaper, and the difference is what you pay for the brand and service — closer to what buyers pay for a branded tower in Miami than to the far steeper premiums such branding commands in Manhattan or Monaco.

The four-bedrooms are stated to come with their own gyms and balcony pools; the penthouse adds a cinema room, a pool, a jacuzzi and a hall.

A six-year payment plan

The longest schedule among the projects we've reviewed. The point of it is to lower the monthly burden: at an entry price of $735,000, payments stretch over seventy-plus months.

A long payment plan almost always means a chunk of the price is settled after handover. The key question for the contract is whether — and on what terms — you can resell before the balance is paid off: while the debt is outstanding there is usually no free exit.

Location

Business Bay is the city's business centre; a metro station, a park and the waterfront are all within walking distance. The podium has an infinity pool, landscaped terraces and sports courts.

For a rental scenario the location is strong: demand here comes from employees of companies in the neighbouring office towers, and it holds steady year-round, without the seasonality of resort districts.

Sales materials at launch: sizes, prices, payment-plan length and the complex's amenities. The price per metre is our own calculation.

Where it is

The pin is placed by district — I send the exact address on request.

Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2031 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.

  • Up to 80% of the appraised value, no extra down payment
  • 3.99% fixed for three years, up to 25 years in term
  • 6–12 months before the keys — the bank wants six months of income history

Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.

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Frequently asked about Avarra by Palace

Who is the developer of Avarra by Palace?

Emaar.

When is Avarra by Palace handed over?

The developer's brochure says Q2 2031. The date in the contract for a particular unit can differ — I check it before the deal.

Where is Avarra by Palace?

Business Bay. The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.

How much does an apartment in Avarra by Palace cost?

The database currently holds 1 lot in this project, from 1 500 000 AED; 1 of them priced below the market, the deepest discount 19%. Prices in the base are live and update every day; ask for the current list for the building before deciding.

In the news

What has been written about the building, its developer and Business Bay

Where this project stands today

I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.

Ask a question

Telegram is the fastest way — I answer personally.

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