Dubai Creek Harbour
Palace Residences - Dubai Creek Harbour
بالاس رزيدنسز - خور دبيThe Lagoons Phase One L.L.C · Selling since 2019 · recent sales mostly resales
The Land Department’s record
completed per DLD · 100% complete · buildings · 592 units · 2 buildings · DLD target completion December 2022
Registered developer: The Lagoons Phase One L.L.C (DLD no. 1038)
Escrow account with Dubai Islamic Bank · Zoned by Dubai Development Authority (DDA)
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Rents filed under Dubai Creek Harbour
Median annual rent of AED 131,250 across 5,669 tenancies registered in the community over the last 12 months.
This is the community’s figure, not this project’s. The Land Department names a community on far more tenancies than it names a project, so this is shown where the project’s own registered tenancies are too few to publish. Buildings within one community differ widely, so treat it as the surrounding level rather than what this address achieves.
Street View imagery near Palace Residences - Dubai Creek Harbour, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
Median per sqft
AED 2,822/sqft
3yr CAGR · resales
+11.7%
Resale record
37 months
Registered resales here span 37 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Palace Residences - Dubai Creek Harbour — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what completed homes of that size actually sold for in Palace Residences - Dubai Creek Harbour over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Palace Residences - Dubai Creek Harbour itself; the rest are homes of the same size in Dubai Creek Harbour, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| 1 bed | AED 2.12M | AED 100,000/yrsame size in Dubai Creek Harbour | 4.7% | 16 |
| 2 beds | AED 3.43M | AED 150,000/yrsame size in Dubai Creek Harbour | 4.4% | 14 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 1 bed here reads 9.1% instead of 4.7%, because it prices the home at AED 1.1M — the median across every sale on record — rather than the AED 2.12M a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from the middle filed owners-association budget in this area — AED 20/sqft across 4 buildings, most recently filed for 2022. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| 1 bed | AED 14,004 | AED 85,996 | 4.7% | 4.1% |
| 2 beds | AED 22,044 | AED 127,956 | 4.4% | 3.7% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Palace Residences - Dubai Creek Harbour
How much does a home in Palace Residences - Dubai Creek Harbour cost?
Over the last twelve months a completed 1-bedroom in Palace Residences - Dubai Creek Harbour sold for a median AED 2.12M (16 ready sales), a 2-bedroom for AED 3.43M (14 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Palace Residences - Dubai Creek Harbour?
A 1-bedroom rents for a median AED 100,000/yr (homes of about that size in Dubai Creek Harbour, 1,050 new tenancies), a 2-bedroom rents for a median AED 150,000/yr (homes of about that size in Dubai Creek Harbour, 1,194 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Palace Residences - Dubai Creek Harbour, so every figure above is the rent for homes of that size in Dubai Creek Harbour — the area's rent, not this project's own.
What rental yield does Palace Residences - Dubai Creek Harbour give?
Gross yields on completed homes in Palace Residences - Dubai Creek Harbour run about 4.7% on a 1-bedroom, 4.4% on a 2-bedroom, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Palace Residences - Dubai Creek Harbour selling off-plan or as resales?
0% of the 43 sales registered in Palace Residences - Dubai Creek Harbour in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Palace Residences - Dubai Creek Harbour start selling?
The Land Department's register holds 1,028 sales in Palace Residences - Dubai Creek Harbour, the earliest registered in 2019. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Dubai Creek Harbour median
+13.7%
Priced above the area's real median — ask why.
Developer track record
15,724 real transactions
16 completed · 5 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
High competitionWhen Palace Residences - Dubai Creek Harbour completed in December 2022, 12 other other projects in Dubai Creek Harbour were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 32 more other projects in Dubai Creek Harbour are still in the pipeline overall.
Creek Beach - Breeze
Dubai Creek Harbour L.L.C
Oct 2022
Creek Beach - Bayshore
Dubai Creek Harbour L.L.C
Oct 2022
Creek Beach - Sunset
Dubai Creek Harbour L.L.C
Oct 2022
The Grand
The Lagoons Phase One L.L.C
Oct 2022
17 Icon Bay
The Lagoons Phase One L.L.C
Nov 2022
Address Harbour Point
The Lagoons Phase One L.L.C
Jan 2023
Creek Beach - Surf
Dubai Creek Harbour L.L.C
Mar 2023
Creek Beach - Summer
Dubai Creek Harbour L.L.C
Mar 2023
Creek Crescent
The Lagoons Phase One L.L.C
Mar 2023
Creek Beach - Rosewater
Dubai Creek Harbour L.L.C
Mar 2023
Creek Beach - Vida Residences
Dubai Creek Harbour L.L.C
Apr 2023
Creek Beach - Grove
Dubai Creek Harbour L.L.C
Jun 2023
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest metro
836 m
دبي فيستيفال سيتي
Nearest school
1.7 km
Swiss International Scientific School in Dubai
Nearest hospital
2.8 km
Barraquer Eye Hospital
Nearest supermarket
289 m
Spinneys
Metro stations
- دبي فيستيفال سيتي836 m
- Creek1.8 km
- إعمار العقارية1.9 km
- Al Jadaf2.7 km
Schools
- Swiss International Scientific School in Dubai1.7 km
- Universal American School2.7 km
- Nadd Al Hamar Primary School3.0 km
Hospitals & clinics
- Barraquer Eye Hospital2.8 km
Supermarkets
- Spinneys289 m
- Lulu Hypermarket1.9 km
- East End Grocery2.1 km
- Shaima Grocery2.1 km
Bus stops
- Dubai Festival City, IKEA 12.4 km
- Rebat Tower 22.7 km
- Rebat Street 22.8 km
- Bus stop2.9 km
Pharmacies
- Docib Pharmacy1.9 km
- Aster Pharmacy2.2 km
- Parmacy2.2 km
- Marina Pharmacy2.6 km
Malls
- MMI Festival City2.2 km
Mosques
- Al Majeed Mosque2.9 km
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.
Loading map…
Building in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Dubai Creek Harbour
Buying in Palace Residences - Dubai Creek Harbour?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.
Get an independent reportFrom AED 1,500. Nothing is charged until you have a quote and accept it. See a sample