Palace specification 1-Bedroom Residence
From AED 2,700,000
- Area
- 789 sq.ft
- Layout
- Open-plan living · fitted kitchen · floor-to-ceiling glazing · Palace-branded fixtures throughout
Emaar · Palace-Branded · Business Bay
Avarra. Palace. In Business Bay.
The only one.
Palace Hotels & Resorts branded residences by Emaar. 1–4 bedroom apartments and 6-bedroom penthouses, from AED 2.7M. Canal views. Hotel services. 90/10 payment plan · Handover Q2 2031.
- Starting from
- AED 2.7M
- Brand
- Palace Hotels & Resorts
- Typology
- 1–4 BR + Penthouses
- Handover
- Q2 2031
I. The Development
Business Bay’s first Palace address — where hotel service meets permanent residence.
Avarra by Palace is Emaar’s landmark launch in Business Bay — the first residential tower in this mixed-use financial district to carry the Palace Hotels & Resorts brand. It is, currently, the only Palace-branded residence in Business Bay.
Business Bay is Dubai’s financial and creative quarter stretching along the Dubai Water Canal between Downtown and the historic Creek. Flanked by the Burj Khalifa district on one side and DIFC on the other, it occupies one of the most commercially liquid addresses in the city. The canal is fully delivered infrastructure — promenade, bridges, water taxis, and an established rental market already serving DIFC professionals, financial services tenants, and short-let travellers.
Into this context, Palace Hotels & Resorts brings hotel-grade concierge, trained staff, spa access, Palace restaurant and dining, and the operational standards of a five-star property — available permanently to residents at Avarra. Not as a hotel-adjacent building, but as a residential address managed like a hotel. That distinction drives a structural rental premium over generic residential supply in the same corridor. Avarra’s 90/10 payment plan — with only 10% due at handover in Q2 2031 — further differentiates this launch from standard off-plan in Business Bay.
Unit options span from 1-bedroom apartments at 789 sq.ft to 6-bedroom Palace Penthouses from 6,000 sq.ft — the full spectrum of a luxury residential tower, with a single brand standard applied across every floor and every configuration. All units are 100% freehold and qualify for the UAE 10-year Golden Visa.
II. The Residences
Five configurations, one Palace standard.
From the compact 1-bedroom to the 6,000 sq.ft penthouse, every Avarra residence is built to Palace Hotels & Resorts specification — the same material standard and service access regardless of floor or unit type.
Palace specification 
Palace specification 2-Bedroom Residence
From AED 4,000,000
- Area
- 1,199 sq.ft
- Layout
- En-suite master · guest bedroom · wide canal or city view · full hotel-service access
Palace specification 3-Bedroom Residence
From AED 6,500,000
- Area
- 1,640 sq.ft
- Layout
- Three en-suites · maid's room · dual-aspect living · panoramic Business Bay terrace
Palace specification 4-Bedroom Residence
From AED 15,000,000
- Area
- 4,226 sq.ft
- Layout
- Four en-suites · staff quarter · private lift lobby · upper-floor canal & Burj views
Palace specification 6-Bedroom Palace Penthouse
From AED 30,000,000
- Area
- From ~6,000 sq.ft
- Layout
- Six en-suites · private terrace · rooftop volume · bespoke Palace interior specification · full hotel services
“Business Bay’s first Palace address. Where the canal meets the skyline and the hotel brand meets your home.”
Avarra by Palace · Launch brief, Emaar Properties
III. The District
Business Bay — Dubai’s financial and creative core.
Business Bay is Dubai’s densest mixed-use district, occupying both banks of the Dubai Water Canal extension between Downtown and the DIFC. The canal is fully built, operational, and matured — promenades, waterbus stops, pedestrian bridges, restaurants and hotels line both shores. Avarra occupies one of the final riverside positions in this corridor.
Palace Hotels & Resorts is the only hotel brand currently operating a residential address in Business Bay. The brand — also present at Palace Downtown, Palace Beach Resort Fujairah, and properties across Saudi Arabia and Egypt — brings a service benchmark that defines a new tier of rental positioning in this otherwise undifferentiated supply market.
- Dubai Water Canal — fully built waterway. Avarra has direct canal proximity and city views
- Dubai Mall & Burj Khalifa — 5 minutes. Walking distance via canal bridge
- DIFC — Dubai International Financial Centre — 8 minutes. Major corporate and financial tenant base
- Metro access — Business Bay metro station (Red Line) is within the district
- Established short-let market — Business Bay has one of the most active DCTM-registered short-term rental markets in Dubai
IV. Services & Amenities
A five-star hotel’s full service stack, made permanent.
Palace Hotels & Resorts manages the entire Avarra service infrastructure — so the amenities aren’t just present, they’re staffed, maintained, and delivered to hotel standard throughout the ownership period.
- Palace-branded infinity pool
- Full hotel concierge service
- Palace spa & wellness centre
- State-of-the-art fitness studio
- Sky lounge & rooftop terrace
- Palace-staffed residents' lobby
- Canal-edge running promenade
- Business-class meeting suites
- Palace restaurant & all-day dining
- Valet parking & Palace arrivals
- 24/7 Palace-managed security
- Multi-level podium parking
V. Location
Five minutes from the Burj. Eight from the DIFC.
Business Bay sits at the intersection of Sheikh Zayed Road, Al Khail Road, and the Downtown canal district. Avarra is within walking distance of the Burj Khalifa and five metro stops from Dubai International Airport. DIFC’s corporate tenant base drives a premium short-let and corporate letting market within 8 minutes of the building.
Travel times by car
- Dubai Mall & Burj Khalifa 5 min
- Downtown Dubai 5 min
- DIFC & Dubai International Financial Centre 8 min
- Dubai International Airport (DXB) 20 min
- Dubai Marina 20 min
- Palm Jumeirah 22 min
VI. The Terms
90/10 plan — only 10% at handover.
Avarra’s 90/10 structure is designed to minimise bridging risk at the point of completion. 80% is paid progressively against RERA-tracked construction milestones over six years. The final 10% is due only when the keys are in your hand.
Booking 10%
On reservation — EOI + Sales & Purchase Agreement. Secures unit and floor level with Emaar.
Construction 80%
Progressive instalments against RERA-tracked construction milestones from 2025 through Q1 2031. 80% during the build period.
Handover 10%
Q2 2031 — only 10% due at handover. The lowest bridging risk at completion of any major Emaar Business Bay launch.
VII. The Investment Case
Why Avarra moves faster than the rest of Business Bay on yield and capital.
01
The only Palace brand in Business Bay
Avarra is the first and currently only Palace Hotels & Resorts residential address in Business Bay. Brand scarcity in a supply-dense market creates a structural rental premium — a Palace address commands yields that generic residential towers cannot replicate.
02
90% paid during construction — just 10% at handover
A unique payment structure versus the standard 80/20. The final payment being only 10% reduces bridging risk at the point of handover — when most buyers face the largest capital call. This structure is buyer-forward.
03
Business Bay canal-front address
Views towards the Dubai Water Canal, Downtown Dubai skyline, and Burj Khalifa. The canal corridor is fully delivered mature infrastructure. Avarra occupies one of the final viable positions on this stretch of the waterway.
04
Penthouse-format homes in a hotel tower
6-bedroom penthouses in a Palace-managed building offer a hotel-serviced pied-à-terre format found almost nowhere else in Business Bay. Palace staff, concierge, and services extend seamlessly to penthouse residents.
Renders & atmosphere
VIII. Answers
Avarra by Palace — FAQ
The most common questions from buyers and investors. Our Dubai desk responds within 15 minutes during Gulf business hours.
What is Avarra by Palace at Business Bay?
Avarra by Palace is Emaar's first Palace Hotels & Resorts branded residential tower in Business Bay, Dubai. The project offers 1, 2, 3 and 4 bedroom apartments plus 6-bedroom penthouses — all managed and serviced by Palace Hotels & Resorts, one of Emaar's flagship hospitality brands. It is the only Palace-branded residential address currently in Business Bay.
What does the Palace brand mean at Avarra?
Palace Hotels & Resorts is Emaar's white-glove luxury hotel brand, operating at properties including Palace Downtown and Palace Beach Resort. At Avarra, the Palace brand means hotel-grade concierge service, trained staff in the lobby and common areas, Palace spa and fitness access, valet parking, and curated dining — all available to permanent residents as part of the service package. The brand commands a rental premium over unbranded residential in the same corridor.
What are the prices at Avarra by Palace?
Starting prices as released by Emaar: 1-bedroom from AED 2,700,000 (789 sq.ft), 2-bedroom from AED 4,000,000 (1,199 sq.ft), 3-bedroom from approximately AED 6,500,000 (1,640 sq.ft), 4-bedroom from approximately AED 15,000,000 (4,226 sq.ft), and 6-bedroom penthouses from approximately AED 30,000,000 (from ~6,000 sq.ft). All units are freehold and qualify for the 10-year UAE Golden Visa.
What is the payment plan for Avarra — why is it 90/10?
Avarra uses a 90/10 structure: 10% on booking, 80% in progressive instalments during construction through Q1 2031, and only 10% on handover in Q2 2031. The 10% handover payment is the key differentiator — it dramatically reduces the bridging risk at completion compared to a standard 80/20 plan, where 20% is due at handover. This structure is more buyer-forward and reflects the premium nature of the Palace-branded product.
When is Avarra handed over?
Handover is scheduled for Q2 2031, subject to Emaar's construction programme. The project is registered with RERA (Real Estate Regulatory Agency). The 90/10 payment structure means only 10% of the purchase price is required at completion.
What are the penthouses at Avarra by Palace?
Avarra offers 6-bedroom Palace Penthouses from approximately 6,000 sq.ft at prices from approximately AED 30,000,000. The penthouses occupy the upper floors of the tower with panoramic canal, Downtown and Burj Khalifa views, private terraces, bespoke Palace interior specification, and full access to all Palace hotel services — concierge, staff, spa, valet. A hotel-serviced penthouse in Business Bay at this specification is extremely rare.
Is Avarra Golden Visa eligible?
Yes. All units at Avarra qualify for the UAE 10-year Golden Visa — starting from the 1-bedroom at AED 2,700,000, which exceeds the AED 2 million threshold. The Golden Visa covers the investor, spouse and dependants, subject to ICP / GDRFA eligibility. Business Bay is a freehold zone, registered with the Dubai Land Department.
Why invest in Business Bay rather than Downtown Dubai?
Business Bay and Downtown are adjacent and share the same canal waterway — the Dubai Water Canal connects them. Business Bay typically offers better value per square foot than Downtown while maintaining proximity to the Burj Khalifa, DIFC, and Dubai Mall. For investment, Business Bay delivers higher gross rental yields than Downtown (typically 5-7% versus 4-5%), driven by a larger and more active short-term and corporate rental market. Avarra's Palace brand positioning specifically targets the premium short-let and serviced-apartment segment within this dynamic.
Private preview
Register for Avarra before Palace-branded units clear.
Our Dubai-based senior consultant will share Emaar’s full price list, floor plans, Palace services overview, and first-release unit availability within 15 minutes during Gulf business hours.
- 0% buyer commission — we are paid by Emaar
- Complete price list & floor plans within 15 minutes
- Palace services summary & rental yield projections
- Oqood & Golden Visa support end-to-end
- English · Arabic · Russian speaking team