Avarra by Palace Emaar

Avarra by Palace is an ultra-luxury 78-floor Palace Hotels and Resorts branded residential tower by Emaar Properties in Business Bay, rising above the Dubai Water Canal with panoramic views of the Burj Khalifa, Downtown Dubai skyline and open sea from upper floors. Launched in November 2025, the development offers 687 to 694 residences across 1, 2, 3 and 4-bedroom apartments and exclusive 6-bedroom penthouses, ranging from 789 sqft to 4,795 sqft. The architecture is inspired by riad-style palatial elegance, combining contemporary high-rise design with Palace Hotels' signature warm, refined hospitality aesthetic. Interiors feature marble bathroom flooring, premium joinery, stone countertops and warm neutral colour palettes. Every resident accesses Palace Hotels and Resorts branded hotel-level concierge services, pool management, gym, spa and community management. The rooftop infinity pool, wet deck with cabanas, wellness spa, yoga zones and landscaped podium gardens create a resort-in-the-city lifestyle at the epicentre of Business Bay. DLD verified transactions at Avarra show prices of AED 3,475 to AED 3,567 per sqft, confirming strong market validation.

• Unit Types: 1BR, 2BR, 3BR, 4BR Apartments and 6BR Penthouses

• Total Units: 687 to 694 Residences + 6 Retail

• Starting Price: AED 2,700,000 (1BR)

• Payment Plan: 90/10 with 10% Booking

• Handover: June 2031 (Q2 2031)

• Building: 78 Floors (2B + G + 10P + 67 Floors + Roof)

• Brand: Palace Hotels and Resorts, Emaar Hospitality Group Luxury Brand

• DLD Price: AED 3,475 to AED 3,567 per Sqft Verified

• Design: Riad-Style Palatial Elegance, Marble Flooring, Premium Joinery, Stone Countertops

• Developer: Emaar Properties, 118,400 Plus Units Delivered, AED 80.4B in 2025 Sales

• 78-floor Palace Hotels and Resorts branded tower on Dubai Water Canal in Business Bay, an iconic landmark in the making

• Palace Hotels is Emaar's own hospitality brand within Emaar Hospitality Group, ensuring perfect developer-brand alignment and service consistency

• DLD verified transactions already recording AED 3,475 to AED 3,567 per sqft, confirming active market demand from launch

• Branded residence premium of 25 to 50% above non-branded Business Bay product per Cushman and Wakefield data

• Business Bay prices rose 11.3% year-on-year with 10,790 transactions, one of Dubai's most liquid residential markets

• Marble flooring, premium joinery, stone countertops and warm neutral Palace-brand interiors in every residence

• Hotel-level concierge, spa, pool management and community services by Palace Hotels from day one of handover

• Only 10% at June 2031 handover under 90/10 plan, the lowest balloon requirement of any Business Bay luxury launch

• Burj Khalifa 5 minutes, Dubai Mall 5 minutes, Business Bay Metro at walking distance

• All units above AED 2M qualify for UAE 10-Year Golden Visa, securing residency for buyer and family

• Emaar Properties, 118,400 plus units delivered globally, AED 80.4 billion in 2025 property sales

• Freehold ownership, 100% foreign ownership permitted, zero income tax and zero capital gains tax

• On Dubai Water Canal in Business Bay, One of Dubai's Most Dynamic and Connected Districts

• Burj Khalifa 5 Minutes Drive or Walk

• Dubai Mall 5 Minutes Drive

• Downtown Dubai 7 Minutes Drive

• Dubai Opera 8 Minutes Drive

• DIFC 10 Minutes Drive

• Business Bay Metro Station Walking Distance

• Sheikh Zayed Road (E11) Direct Access

• Al Khail Road (E44) Within 5 Minutes

• Dubai International Airport (DXB) 20 Minutes Drive

• Dubai Canal Promenade Walking Distance

• Souk Al Bahar and Bay Avenue Mall Within 10 Minutes Walk

• Dubai Design District (d3) 10 Minutes Drive

• Ras Al Khor Wildlife Sanctuary 15 Minutes Drive

• Dubai Marina 25 Minutes Drive

• Al Maktoum International Airport (DWC) 35 Minutes Drive

Avarra by Palace features a Palace Hotels and Resorts-branded amenity programme across the podium and rooftop levels, delivering hotel-grade lifestyle services, wellness infrastructure and social spaces inspired by the Palace brand's signature warmth, elegance and hospitality.

• Rooftop Infinity Pool with Panoramic Dubai Canal, Burj Khalifa and Downtown Skyline Views

• Wet Deck with Poolside Cabanas and Sun Loungers

• Dedicated Sun Deck for Relaxation

• Shaded Kids Pool

• Kids Play Area with Safe Modern Equipment

• State-of-the-Art Indoor Gymnasium with Modern Equipment

• Outdoor Gym and Fitness Stations

• Yoga and Relaxation Zones

• Wellness Spa

• BBQ Terrace and Outdoor Picnic Zones

• Beautifully Landscaped Podium Gardens and Green Spaces

• Shaded Walkways and Calm Outdoor Corridors

• Multipurpose Lawn for Community and Social Activities

• Versatile Event Space for Private Gatherings and Meetings

• Luxury Lobby Designed with Palace Hotels Aesthetic

• Palace Hotels and Resorts Hotel-Level Concierge and Community Management

• Dubai Canal Promenade Direct Access Walking Distance

• 6 Ground-Level Retail Units

• Smart Home Integration Throughout

• 24/7 Security

• Underground Parking Across 2 Basement Levels

• 1BR Apartment - Size: 789 Sqft (73 Sq. M), 67 Residential Floors, 1 Bedroom, 1-2 Bathrooms, Parking: 1 Space, Canal or City Views, Price AED 2,700,000

• 2BR Apartment - Size: To be confirmed, 67 Floors, 2 Bedrooms, 2-3 Bathrooms, Parking: 1 Space, Burj Khalifa or Canal Views, Price on Request

• 3BR Apartment - Size: To be confirmed, 67 Floors, 3 Bedrooms, 3-4 Bathrooms, Parking: 2 Spaces, Panoramic Downtown and Canal Views, Price on Request

• 4BR Apartment - Size: Up to 4,795 Sqft, Upper Floors, 4 Bedrooms, Dual Burj Khalifa and Canal Views, Large Terrace, Parking: 2 Spaces, Price on Request

• 6BR Penthouse - Rooftop and Top Levels, 6 Bedrooms, Panoramic 360-Degree Views of Burj Khalifa, Dubai Canal and Sea, Private Terrace, Palace Ultra-Premium Interiors, Price on Request

• Payment Plan: 90/10

• On Booking: 10%

• During Construction: 80% in 11 staged milestone instalments from 2026 to 2031

• On Handover: 10% (June 2031)

Market Snapshot

• DLD verified transactions at Avarra by Palace recorded at AED 3,475 to AED 3,567 per sqft, confirming active pre-launch market demand

• Business Bay average sale prices increased 11.3% year-on-year with 10,790 transactions, one of Dubai's most liquid residential markets

• Branded residences in Dubai command a 25 to 50% premium above non-branded product in the same location per Cushman and Wakefield data

• Palace Hotels and Resorts is Emaar's own luxury hospitality brand within Emaar Hospitality Group, providing highest-tier brand alignment and service consistency

• 78-floor iconic tower will become a new architectural landmark in the Business Bay skyline upon completion

• Emaar reported AED 80.4 billion in 2025 property sales and holds AED 155 billion in revenue backlog confirming deepest secondary market in Dubai

Rental Yield

• Business Bay luxury branded apartments tracking gross yields of 6% to 8% as of Q1 2026

• 1BR at AED 2.7M estimated gross annual rental income of AED 162,000 to AED 216,000 at 6% to 8% yield

• Palace Hotels branded concierge, pool and spa management supports short-term rental premium for furnished units

• Business Bay Metro Station at walking distance ensures near-zero vacancy for corporate and professional tenants

• Burj Khalifa adjacency and Dubai Canal views support strong Airbnb premium for short-term rental investors

• Hotel-level management by Palace Hotels makes the building immediately rental-ready from day one of handover

Capital Appreciation

• Business Bay prices rose 11.3% year-on-year with DLD confirming AED 3,475 to AED 3,567 per sqft already transacted at Avarra

• Branded residence premium of 25 to 50% above non-branded Business Bay product is a validated and persistent premium driver

• Only 10% due at June 2031 handover under 90/10 plan means buyers gain maximum appreciation during the 5 Plus year construction period

• Palace brand within Emaar's own hospitality group adds hotel credibility to every resale transaction

• 78-floor iconic tower positioning will achieve landmark status in the Business Bay skyline, supporting long-term premium above surrounding towers

• Emaar's DLD-documented 15 to 20% address premium above comparable non-Emaar inventory applies to this product

Price Per Sqft Value

• At AED 2.7M for a 789 sqft Palace Hotels branded 1BR with Burj Khalifa and Canal views in Business Bay, entry pricing is competitive for branded luxury product in this district

• DLD verified transactions of AED 3,475 to AED 3,567 per sqft show market is already paying above-launch pricing for Avarra units

• 90/10 plan with only 10% at June 2031 handover is one of the lowest balloon requirements of any Business Bay luxury tower launch

• 6BR penthouse buyers secure one of the most exclusive ultra-luxury sky addresses in Business Bay at pre-completion pricing

Key Risk to Note

• 10% at June 2031 handover is the lowest balloon of any current Business Bay launch, minimal handover risk

• UAE residents access up to 80% LTV mortgages, non-residents up to 50% LTV

• UAE banks offer off-plan pre-approval up to 24 months in advance of handover

• June 2031 is a 5 Plus year timeline, one of the longer construction periods in current Dubai market

• Business Bay has strong existing supply, making unit selection (canal-facing, high floor, upper levels) important for premium resale positioning

Q1. What makes Avarra by Palace unique in Business Bay?

Avarra is the only 78-floor Palace Hotels and Resorts branded residential tower on the Dubai Water Canal in Business Bay. DLD verified transactions are already recording AED 3,475 to AED 3,567 per sqft. Palace Hotels is Emaar's own luxury hospitality brand within Emaar Hospitality Group, providing unmatched service and brand alignment. Only 10% is due at June 2031 handover under the 90/10 plan, the lowest balloon of any Business Bay luxury launch.

Q2. What is the payment plan?

90/10 with 10% on booking, 80% in 11 staged milestone instalments from 2026 to 2031, and only 10% at June 2031 handover. This is one of the most investor-friendly payment structures available in Business Bay, with only 10% due at completion giving buyers maximum cash flow flexibility across the 5 Plus year build period.

Q3. Will property values appreciate?

Yes. Business Bay prices rose 11.3% year-on-year. DLD already records AED 3,475 to AED 3,567 per sqft at Avarra. Palace branded premium of 25 to 50% above non-branded product is a validated market dynamic. Emaar's 15 to 20% address premium is DLD-documented. The 78-floor landmark tower will achieve iconic Business Bay skyline status upon completion.

Q4. What rental income can I expect after handover?

Business Bay gross yields track 6% to 8% as of Q1 2026. On a 1BR at AED 2.7M that is approximately AED 162,000 to AED 216,000 annually. Palace Hotels hotel-level management, Burj Khalifa views and Business Bay Metro at walking distance support premium rental rates. Palace concierge and spa make it immediately short-term rental ready.

Q5. What is Palace Hotels and Resorts?

Palace Hotels and Resorts is one of Dubai's most prestigious luxury hospitality brands, operating within Emaar Hospitality Group alongside Address Hotels and Resorts and Vida Hotels and Resorts. Unlike third-party branded residences, Palace Hotels is Emaar's own brand, meaning the same developer that builds the tower also runs the hotel brand, ensuring perfect alignment between residential quality and hospitality service standards.