About this property
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Why overpay and pay a premium for the overhyped Address projects? PALACE RESIDENCES BY ADDRESS HOTELS + RESORTS is the better choice.
Little do investors know that the Palace hospitality brand of EMAAR is actually more upscale than the Address! THE FIRST PALACE-BRANDED RESIDENCE AT EMAAR BEACHFRONT.
-Secondary market resale unit
-2 years post handover payment plan
-Handover Q3 2025
-Best deal in the market
-Type 3A prime and rare unit type with 1023 sqft internal area and 212 sqft balcony for a total of 1235 sqft
-Facing southwest for the best sunlight
-Very High floor
-Tower 2 which is the better tower
-Corner unit with dual panoramic views of Marina/Skyline/Harbour from living room and view of the Palm from the bedroom
-1 covered private parking space and ample visitor parking
-Art Deco style interiors perfectly reflect sea surroundings
-Estimated rental around 250,000 yearly or 300,000 furnished as holiday homes
-Estimated service charges around 25-30 per sqft including AC chiller (AED 31k per year)
-High ROi of 7.57% net or ROE of 8-9% after handover because of the payment plan
Selling for 3.6m but you only pay 1.645m to the seller now plus fees:
2% plus VAT agency
5250 NOC fee
5250 Trustee fee
2625 SP fee
Then pay the remaining 1.955m as per the payment plan:
-270k December 2023
-335k June 2024
-670k on handover Q3 2025
-170k 6 months after handover
-170k 12 months after handover
-170k 18 months after handover
-170k 24 months after handover
-Access to a private beach
-Spectacular views of the sea
-Modern fitness center/gym
-Children's safe play area
-infinity pool overlooking the sea
-supermarket and F&B options onsite
-comprehensive security system 24/7
-Private beach community which is a first for the area
-Emaar Development who is the best master commmunity developer
TOWER 1 - 29 floors
TOWER 2 - 42 floors
Adjacent to the Palace Hotel, the residences boast a range of dining choices and deluxe hotel luxury services.
Palace Beach Residence by Emaar Properties will offer its residents many luxury amenities for the healthy beach lifestyle, such as private beach, water sports, yachting and many more. The amenities will also include 24/7 concierge service and security, a swimming pool, a fully-equipped gymnasium, a children’s playground, and a BBQ area.
Located in the new vibrant Dubai Harbour, EMAAR Beachfront is an exclusive coastal community comprising 27 exceptional towers. Unlike anywhere else in Dubai, residents will have 750 metres of pristine white-sand private beach on either side of their home. Nestled between Jumeirah Beach Residences and Palm Jumeirah, Emaar Beachfront is an island destination with an accessible, well- connected location. Dubai Marina, the Palm and JBR will all be accessible within minutes, while the main areas of the city like Downtown Dubai and Dubai International Airport will be only a joyride away. The first estate to be launched by EMAAR with a private beach is at EMAAR Beachfront.