Palace Residences
- Completed 2022
- 49 floors
- 7 lifts
- 685 parking bays
- 1 pool
- Master developer The Lagoons Phase One
A 1 bed in Palace Residences costs a median AED 2.08M, rents long-let for AED 114,000/yr (5.5% gross), and returns 7.7% short-term at the assumed 70% occupancy.
1 bed · typical price
2.08MAED
AED 2,970/sqft · +8.6% on a year
- Rent a year
- AED 114,000
- Gross yield
- 5.5%
- vs Dubai Creek Harbour
- 25% above the median
Cost to buy, all inAED 2.22M
- Price
- AED 2.08M
- DLD fee 4%
- AED 83,400
- Agent 2% + VAT
- AED 43,785
- Trustee
- AED 4,200
Fees repaid by rent14 months
Is Palace Residences a good investment?Prices rising and little new supply nearby; the rent pays below the Dubai median
- Does it pay a good rent?5.5% gross, before the service charge (not on file) (Dubai median 6.8%)5.5%Watch
- Are rents going up?New 1 bed leases: AED 110,000 a year ago, AED 114,000 now (pooled across the project)+3.6%
- Are prices going up?1 bed: AED 2,736/sqft a year ago, 2,970 now+8.6%Strength
- How fast do fees pay back?AED 131,385 in fees to buy a 1 bed; rent covers it in 1.2 years1.2 yrs
- Can I sell easily?34 sales in 12 months, 6% of the tower (71 the year before)34Fair
- Is a lot being built nearby?905 apartments are planned in Dubai Creek Harbour from 2026 to 2028, equal to 15% of the 5,973 homes let there today. Dubai Creek Harbour supply by year →15%Strength
- Did earlier buyers gain?Up 79% for buyers 5 years ago; up 93% for launch buyers, before fees+78.8%Context
Readings use published thresholds · 1 bed figures, the most traded type · Data to 12 Oct 2026
Palace Residences prices and rents by unit typeA one-bed costs about AED 2.08M and rents for about AED 114,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
1 bed · price per sqft · Dubai Creek Harbour · area median AED 2,377/sqft
- 12-month change
- +8.6%
- 3 years
- +53.1% · +15.3%/yr
- 5 years
- +96.2% · +14.4%/yr
- vs area median
- +25.0%
- Rank by price per sqft
- 3rd of 74
- Off-plan price gain, 2019–2023
- +94.9% · +14.3%/yr
Rental income
1 bed · Dubai Creek Harbour
- Gross yield
- 5.5%
- Median new rent
- AED 114,000/yr
- Yield vs area median
- -0.1 pts
- Yield vs Dubai (6.8%)
- -1.3 pts
- Yield rank
- 38th of 56
- Renewal rent
- AED 105,000/yr
- New tenants pay vs sitting (58 renewals)
- +8.6%
Short-term income
1 bed · 70% occupancy · 7-night stays
- Median nightly rate
- AED 798
- Net revenue
- AED 160,511/yr
- vs long-let rent
- 1.4×
- Listings seen
- 9+
Read with care
- Rental data covers the whole Palace Residences - Dubai Creek Harbour project, not this tower alone.
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Chart data, 1 bed: Apr 2019, AED 1,043,638; latest, May 2026, AED 2,132,500; peak, Apr 2026, AED 2,132,500.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 2,931 · before fees
- Launch, 2019–23
- 1,520
- +93%
- 231 sales
- 5 years ago
- 1,640
- +79%
- 79 sales
- 3 years ago
- 1,999
- +47%
- 195 sales
- Previous 12 months
- 2,781
- +5%
- 71 sales
- Last 12 months
- 2,931
- today
- 34 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
34 resales in the last 12 months, against 137 a year on average over 2023–2025.
34 resales in the last 12 months.
Short-term rates around Palace Residences
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in Dubai Creek Harbour
Every Dubai Creek Harbour building with a page, ranked by price per sqft over the same 12 months, all unit types. Palace Residences places 4th of 104; the nearest 7 are shown.
Rank 1 is the dearest per square foot. Differences are against Palace Residences (AED 2,931/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 1 bed, Palace Residences has registered sale prices 25% above the Dubai Creek Harbour median price per square foot of 2,377 AED, across 74 eligible buildings. It ranks 3rd of 74 by price per square foot and 38th of 56 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.
About Palace Residences
Palace Residences is an apartment building completed in 2022 by The Lagoons Phase One in Dubai Creek Harbour. 1,031 sales are registered with the Dubai Land Department.
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
Palace Residences: AED 2,931 per sq ft, 28% above the median Dubai Creek Harbour building, and a 5.3% gross yield, above the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Palace ResidencesAED 2,931
- Dubai Creek Harbour, readyAED 2,348
- Dubai Creek Harbour, off-planAED 2,616
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Palace ResidencesDubai Creek Harbour median building
- Dubai Creek Harbour5.3% vs 5.3%
More from The Lagoons Phase One
The Grand
Dubai Creek Harbour · 85 sales, 12 months
3.26M
AED, resale median · 2,754/sqft
Palace Residences - North
Dubai Creek Harbour · 81 sales, 12 months
2.55M
AED, resale median · 2,649/sqft
Creek Palace
Dubai Creek Harbour · 47 sales, 12 months
3.08M
AED, resale median · 2,765/sqft
Creek Waters
Dubai Creek Harbour · 46 sales, 12 months
2.69M
AED, resale median · 2,348/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
The Grand
Dubai Creek Harbour · 85 sales, 12 months
3.26M
AED, resale median · 2,754/sqft
Palace Residences - North
Dubai Creek Harbour · 81 sales, 12 months
2.55M
AED, resale median · 2,649/sqft
Creek Beach - Moor Building 4
Dubai Creek Harbour · 50 sales, 12 months
2.40M
AED, resale median · 2,294/sqft
Creek Palace
Dubai Creek Harbour · 47 sales, 12 months
3.08M
AED, resale median · 2,765/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 1 bedOn record
- Rental evidence · 1 bedRead with care
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- DeveloperOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a 1 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Palace Residences’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 9,271AED
- 4.5% over 25 years
- Monthly rent
- 9,500AED
- AED 114,000 a year
- Cash needed at purchase
- 572,235AED
- 20% down plus AED 155,235 in fees
Owning costs AED 380,001 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in Palace Residences?
- Palace Residences returns 5.5% gross: a median new-contract rent of AED 114,000 a year (86 Ejari contracts in 12 months) over a price benchmark of AED 2.08M (median of 15 sales in the last 12 months, latest May 2026), before service charge, agency fees or vacant months.
- How much does a 1 bedroom in Palace Residences cost?
- The median registered sale price is AED 2.08M (2,970 AED/sqft), from 15 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What are apartments in Palace Residences selling for right now?
- Registered sales of ready units in Palace Residences over the last 12 months have a median of 2,970 AED/sqft, across 15 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in Palace Residences risen or fallen?
- Median price per square foot moved +8.6% over the last 12 months against the 12 before it, on 15 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How does Palace Residences compare with Dubai Creek Harbour?
- Its 5.5% gross yield sits -0.1 pts against the Dubai Creek Harbour median of 5.6%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
For agents
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Palace Residences sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 15 registered sales 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
- /sale/apartments/dubai/dubai-creek-harbour/palace-residences
Cite as: Dubai Wealth Index. “Palace Residences sale prices and yield.” Dubai Creek Harbour, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/dubai-creek-harbour/palace-residences
Stable dataJSON