Palace Beach Residence in Dubai Marina - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Palace Beach Residence

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	75	38,051	2,871,875
2	111	40,596	4,525,000

Sales prices for completed properties in Palace Beach Residence

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	68	39,756	2,700,000
2	120	44,565	5,350,000
3	171	42,573	7,300,000

Rents in Palace Beach Residence

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	67	2,332	156,250
2	116	1,938	225,000
3	178	2,163	385,000
4	240	2,493	598,391

The cap rate (rental yield) of investments into Palace Beach Residence project is 5.3% on average.

The price of an apartment in Palace Beach Residence is 40,487 AED/sqm on average.

The long term rent of an apartment in Palace Beach Residence is 2,105 AED/sqm/year on average.

Price for off-plan 1 bedroom apartment in Palace Beach Residence is 2,871,875 AED or 38,051 AED/sqm.
Price for off-plan 2 bedroom apartment in Palace Beach Residence is 4,525,000 AED or 40,596 AED/sqm.

Price for completed 1 bedroom apartment in Palace Beach Residence is 2,700,000 AED or 39,756 AED/sqm.
Price for completed 2 bedroom apartment in Palace Beach Residence is 5,350,000 AED or 44,565 AED/sqm.
Price for completed 3 bedroom apartment in Palace Beach Residence is 7,300,000 AED or 42,573 AED/sqm.

Rent for 1 bedroom apartment in Palace Beach Residence is 156,250 AED or 2,332 AED/sqm.
Rent for 2 bedroom apartment in Palace Beach Residence is 225,000 AED or 1,938 AED/sqm.
Rent for 3 bedroom apartment in Palace Beach Residence is 385,000 AED or 2,163 AED/sqm.
Rent for 4 bedroom apartment in Palace Beach Residence is 598,391 AED or 2,493 AED/sqm.

About Palace Beach Residence

'Palace Beach Residence' in 'Dubai Marina' area project description

Palace Beach Residence is an exquisite addition to Dubai Marina's portfolio of luxury living spaces. This project embodies Emaar's commitment to crafting unparalleled residential experiences by blending opulence, comfort, and modernism within the scenic ambiance of Dubai Marina. Located within the Emaar Beachfront community, Palace Beach Residence offers residents a unique combination of urban sophistication and seaside tranquility.

The project consists of two high-rise towers featuring a diverse range of meticulously designed apartments. Prospective buyers can choose from contemporary one, two, three, and four-bedroom residences, each offering expansive spaces, floor-to-ceiling windows, and unobstructed views of the Arabian Gulf, Dubai Marina skyline, and the iconic Palm Jumeirah.

Interiors of Palace Beach Residence are characterized by a refined aesthetic, incorporating high-quality materials and finishes. The living spaces are adorned with modern fixtures and fittings, bespoke cabinetry, and top-tier appliances, ensuring an elegant yet functional home environment. Spacious balconies provide an alfresco extension of the living areas, perfect for taking in the stunning maritime vistas.

Palace Beach Residence extends its luxury beyond individual apartments with an array of world-class amenities. Residents have access to exclusive private beach areas, offering a serene escape just steps away from their homes. Additionally, the development boasts an infinity-edge swimming pool, state-of-the-art fitness center, children's play areas, and lush landscaped gardens. For relaxation and rejuvenation, the project includes dedicated wellness spaces and barbecue areas, facilitating a community-oriented lifestyle.

Situated in the prestigious Emaar Beachfront, Palace Beach Residence is strategically positioned to offer convenient access to key destinations within Dubai. Residents can easily reach Dubai Marina, Jumeirah Beach Residence (JBR), and the Palm, enjoying a plethora of dining, shopping, and entertainment options. The proximity to Sheikh Zayed Road ensures quick connectivity to the broader city, including Downtown Dubai and Dubai International Airport.

In terms of security and service, Palace Beach Residence excels with 24-hour concierge and security services, ensuring a safe and hassle-free living environment. An integrated smart home system allows residents to control various aspects of their home environment effortlessly, enhancing comfort and efficiency.

Palace Beach Residence is the epitome of luxury waterfront living in Dubai, offering an unmatched blend of elegance, convenience, and community within one of the city's most coveted districts.

Q&A on Palace Beach Residence

What are the advantages of 'Palace Beach Residence' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location: Situated in Dubai Marina, offering stunning views of the Arabian Gulf and the iconic skyline of Dubai.
2. Luxury Living: High-end finishes and world-class amenities such as infinity pools, private beach access, fitness centers, and spas.
3. High Appreciation Potential: Properties in Dubai Marina generally see strong demand and significant appreciation over time due to the area's desirability.
4. Strong Rental Market: High rental yields due to the popularity of Dubai Marina among expats and tourists.
5. Lifestyle Amenities: Proximity to upscale restaurants, shopping centers, and entertainment options, making it a vibrant location.
6. Developer Reputation: Often developed by renowned developers with a track record of successful projects, ensuring quality and timely completion.

Disadvantages:

1. High Property Price: Luxury and prime location come with a premium price tag, making it less affordable for some buyers.
2. Service Charges: High-end amenities and facilities can lead to higher service and maintenance charges.
3. Traffic Congestion: Dubai Marina is a bustling area, which can occasionally lead to traffic congestion and parking challenges.
4. Noise Levels: The area's vibrant nightlife and busy environment might lead to higher noise levels, impacting tranquility.
5. Regulation Changes: Potential for future changes in property laws and regulations affecting investments.

What projects are better than 'Palace Beach Residence' project in Dubai which are located close by, and why?

The Address Jumeirah Resort and Spa: Offers luxury serviced residences with direct beach access, world-class amenities, and five-star hotel services. The twin towers provide unobstructed views of the Arabian Gulf, Bluewaters Island, and Palm Jumeirah.

Emaar Beachfront: A private peninsula offering a unique blend of urban living with beach lifestyle. Residences feature modern designs, and residents have access to private beaches, yacht clubs, and a range of dining and retail options.

Marina Gate: Positioned at the gateway of Dubai Marina with captivating waterfront views. Known for superior architectural design, high-end finishing, and abundant at-site facilities including infinity pools, health clubs, and outdoor terraces.

One JBR: Located at the entrance of Jumeirah Beach Residence, this prestigious project offers contemporary waterfront apartments. Known for its direct beach access, state-of-the-art amenities, and panoramic views of the sea and Palm Jumeirah.

Vida Residences Dubai Marina: Operated by the Vida Hotels and Resorts brand, this project offers upscale residences with hotel-style amenities, a full-service marina, and direct access to The Dubai Marina Mall. Perfect for those seeking a vibrant lifestyle in a chic environment.

What are the closest schools to 'Palace Beach Residence' project in Dubai?

Dubai Marina area offers several reputable schools in close proximity to the 'Palace Beach Residence' project:

1. The International School of Choueifat, Dubai
Location: Al Sufouh 2, Dubai

2. Dubai British School Emirates Hills
Location: Springs 3, Emirates Hills, Dubai

3. American School of Dubai
Location: Al Barsha, Dubai

4. GEMS Wellington International School
Location: Al Sufouh, Sheikh Zayed Road, Dubai

5. Emirates International School Meadows
Location: The Meadows, Dubai

These schools provide various curricula including British, American, and International Baccalaureate (IB), catering to diverse educational needs.

What are the closest medical clinics to 'Palace Beach Residence' project in Dubai?

- Marina Medical Center, located at Trident Bayside, Dubai Marina.
- Medcare Medical Centre, located at Marina Mall, Sheikh Zayed Road, Dubai Marina.
- Emirates Hospital Clinic, located in Al Habtoor Business Tower, Dubai Marina.
- Dubai Marina Clinic by Mediclinic, located at Al Marsa Street, Dubai Marina.