Palace Residences rents
- 199 new leases and 135 renewals in 12 months
- 587 units
- Dubai Creek Harbour
- near Creek Metro Station
A two-bed here leases for about AED 165,000 a year, 14% above the typical Dubai Creek Harbour two-bed.
2 bed · typical new lease
165,000AEDa year
AED 148/sqft · -5.7% on a year
- A month, roughly
- AED 13,750
- Renewal
- AED 162,033
- vs Dubai Creek Harbour 2 bed
- 14% above the median
- New leases, 12 months
- 90
What should a lease in Palace Residences cost?A two-bed leases for about AED 165,000 a year
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Dubai Creek Harbour median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A two-bed here now costs 5.7% less than a year earlier: AED 165,000 against 175,000.
Chart data, 2 bed: 2023, AED 171,818; latest, 2026, AED 160,000; peak, 2025, AED 175,000.
The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.
About Palace ResidencesA 49-floor tower in Dubai Creek Harbour, a 12-minute drive from DXB Airport
Palace Residences is an apartment building completed in 2022 by The Lagoons Phase One in Dubai Creek Harbour. 334 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 49
- Lifts
- 7
- Parking bays
- 685
- Pools
- 1
- Master developer
- The Lagoons Phase One
Drive times · typical
- Downtown
- 19 min · 13 km
- DXB Airport
- 12 min · 6.7 km
- DIFC
- 15 min · 16 km
- Dubai Marina
- 26 min · 31 km
- Palm Jumeirah
- 33 min · 35 km
Nearest, as registered
- Metro
- Creek Metro Station
- Mall
- City Centre Mirdif
- Landmark
- Dubai International Airport
Letting a unit in Palace Residences?What letting a two-bed here earns
- Short-let instead, two-bed
- AED 934
- a night on Airbnb; nets 1.1× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? Palace Residences sale prices →Comparables in Dubai Creek Harbour
Every Dubai Creek Harbour building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Palace Residences places 4th of 96; the nearest 7 are shown.
Rank 1 is the dearest per square foot. Differences are against Palace Residences.
At 2 bed, Palace Residences ranks 7th of 93 by rent per square foot and 55th of 59 by gross yield in Dubai Creek Harbour.
Market context in Dubai Creek Harbour
Registered sales activity
1,285 ready apartment sales in the 12 months to 2026-10-12.
+2.5% in median AED/sqft versus the preceding year, supported by 1,285 current and 1,419 prior price observations.
Explore sales activityPlanned apartment projects
0 known registered units across 0 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 4 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
905 apartments are planned in Dubai Creek Harbour from 2026 to 2028, equal to 15% of the 5,973 homes let there today.
Ready prices per sqft fell in 27% of 63 buildings (counted once per bedroom type) in Dubai Creek Harbour with sales in both years; the typical one moved +2.7%.
New-lease rents fell in 44% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved 0.0%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
More from The Lagoons Phase One
Harbour Views Podium
Dubai Creek Harbour · 253 contracts, 12 months
135,000
AED a year median · 128/sqft
Harbour Views T1
Dubai Creek Harbour · 253 contracts, 12 months
135,000
AED a year median · 128/sqft
Harbour Views T2
Dubai Creek Harbour · 253 contracts, 12 months
135,000
AED a year median · 128/sqft
The Dubai Creek Residences - North Podium
Dubai Creek Harbour · 248 contracts, 12 months
174,532
AED a year median · 120/sqft
Nearby in Dubai Creek Harbour
Prices per sq ft around Palace Residences, on the mapPrices per sq ft around Palace Residences, on the map
Savanna at Creek Beach Building 2
Dubai Creek Harbour · 278 contracts, 12 months
110,000
AED a year median · 118/sqft
Cedar at Creek Beach Building 1
Dubai Creek Harbour · 278 contracts, 12 months
110,000
AED a year median · 118/sqft
Cedar at Creek Beach Building 3
Dubai Creek Harbour · 278 contracts, 12 months
110,000
AED a year median · 118/sqft
Savanna at Creek Beach Building 1
Dubai Creek Harbour · 278 contracts, 12 months
110,000
AED a year median · 118/sqft
Ask about Palace Residences
Looking to buy or rent here? Tell us what you need: unit type, budget, timing.
We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the registered annual rent for a 2 bedroom in Palace Residences?
- The median new annual rent is AED 165,000, from 90 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Palace Residences risen or fallen?
- The median new annual rent changed -5.7% in the trailing 12 months against the previous 12, using 90 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- How many apartments change hands in Palace Residences?
- 14 sales were registered with the Dubai Land Department in the last 12 months, alongside 90 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Palace Residences?
- Creek Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is City Centre Mirdif.
- What is the rental yield in Palace Residences?
- Palace Residences returns 4.9% gross: a median new-contract rent of AED 165,000 a year (90 Ejari contracts in 12 months) over a price benchmark of AED 3.38M (median of 14 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
For agents
Send this page to a client as a branded report
Palace Residences rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 86 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /rent/apartments/dubai/dubai-creek-harbour/palace-residences
Cite as: Dubai Wealth Index. “Palace Residences rents and yield.” Dubai Creek Harbour, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/dubai-creek-harbour/palace-residences
Stable dataJSON