Palace Residences

A nine-storey Emaar complex on Creek Island, handed over in 2022. Nine of our lots — two- and three-bedroom units from AED 3.1 to 5.1 million.

What kind of building this is

Palace Residences is a multi-block Emaar complex, nine storeys high, on Creek Island in Dubai Creek Harbour, completed in 2022. Palace is the developer's premium hospitality brand, and residences under it come with a level of common areas above the baseline.

Its low rise sets the complex apart from the rest of the island, which is built up mostly with towers. For a buyer, that means fewer apartments per entrance and a calmer environment.

Our nine lots are two- and three-bedroom apartments with floor areas from 1,095 to 1,800 square feet, all ready.

What the numbers show

Prices run from AED 3.1 to 5.1 million at an average price per square foot of around AED 2,912. The range is narrow — less than 1.5x — meaning the supply is uniform.

Eight of the nine lots carry a discount, with an average markdown of 5.8%. Moderate negotiation across nearly the whole supply is the usual picture for a mature, completed market.

For comparison: the neighbouring Palace Residences North, in our sample, is priced at AED 2,809/ft² with a median of AED 4 million. Two buildings from the same line on the same island cost almost the same, so choosing between them comes down to floor and view, not price.

What to factor in on Creek Island

First — uniform development. Emaar's blocks on the island look alike, and on resale you're competing with the whole island. You can differentiate on condition, floor and view.

Second — the view category: over the bay and Downtown, over the park between blocks, or into the internal development. The price gap between the first and third is significant.

Third — transport. The island has a limited number of exits, and rush-hour travel time differs from what the map suggests. It affects the rental rate.

The propsearch property passport (storeys, development type, developer, district, completion year) and our own stock as of 28 August 2026: 9 lots — the price range, floor areas, price per square foot, bedroom mix, readiness status, the number of discounted lots and the average discount.