Avarra by Palace

About the project

Avarra by Palace is a Palace-branded residential tower in Business Bay by Emaar Properties. The development has 694 units, comprising 1- to 4-bedroom apartments and a 6-bedroom penthouse. It is active, with construction completion at 8%, and is scheduled for handover in Q2 2031.

A Palace-branded residential address

Avarra by Palace is planned as a super-high-rise residential development with a contemporary architectural style. The design incorporates large glass façades and expansive balconies, framing views towards the sea, Burj Khalifa, Downtown Dubai and Business Bay. The residences are presented under the Palace brand, with design language centred on warm contemporary interiors, premium materials and Palace styling. The tower’s Business Bay position also places Dubai Canal access within its setting. Across the project, there are 694 units. The development combines a range of apartment configurations with a single six-bedroom penthouse offering in its stated residence mix.

Apartment types and launch pricing

The stated residence selection comprises one-, two-, three- and four-bedroom apartments, alongside a six-bedroom penthouse. Launch specifications identify one-bedroom apartments from AED 2.7 million with an area of 789 sq ft. Two-bedroom apartments were listed from AED 4 million at 1,199 sq ft, while three-bedroom apartments were listed from AED 5.7 million at 1,640 sq ft. Four-bedroom apartments were listed from AED 13.4 million at 4,226 sq ft. The project’s starting price is AED 2.7 million. The apartment mix is intended to pair the Palace-branded setting with outlooks across the central Dubai skyline, Business Bay and the sea.

Leisure, fitness and family facilities

The amenity programme includes an infinity pool and pool deck, providing the project’s principal swimming and outdoor lounging spaces. Fitness facilities comprise a gym, outdoor fitness area and yoga zone. For gatherings, the development includes dedicated BBQ and picnic areas. A children’s play area and children’s pool form part of the family-oriented facilities. The amenity selection also includes landscaped garden areas and a multipurpose room. These facilities are arranged as part of the residential offering within the tower, alongside the pool, fitness and outdoor recreation spaces.

Business Bay location and nearby destinations

Avarra by Palace is located in Business Bay, a mixed-use district along the Dubai Canal corridor and immediately southwest of Downtown Dubai. The district contains residential high-rises, office towers, waterfront promenades and a growing marina precinct. Business Bay is served by the Dubai Metro Red Line and is connected to Sheikh Zayed Road and Al Khail Road through the local road network. From Avarra by Palace, Burj Khalifa and Dubai Mall are stated at 9 minutes, Dubai Creek Harbour at 14 minutes, Dubai International Airport at 15 minutes, and Dubai Hills Mall and Dubai Hills Estate at 30 minutes. Business Bay West Park is 0.4 km away, while Bay Avenue Mall and Park and Bay Avenue Park are each 0.6 km away.

Payment plan and handover

The payment plan is structured as 90/10. A 10% down payment is due on booking, followed by 80% during construction across the first to tenth instalments. The remaining 10% is due on handover at 100% completion. The scheduled completion date is 30 June 2031, which aligns with the stated Q2 2031 handover. This structure places 90% of the purchase price before handover, with the final 10% payable when the development reaches full completion.

Current construction status

Avarra by Palace is active. Construction started on 15 May 2026, and the project’s completion ratio is 8%. Its most recent inspection date is 10 June 2026. The scheduled completion date is 30 June 2031, with handover stated for Q2 2031. The current status reflects an early construction-stage project rather than a completed residential building.

The developer

Emaar Properties is the developer of Avarra by Palace. Founded in 1997, Emaar Properties is also identified with the Palace-branded residential positioning of the project. The Palace Hotels + Resorts brand is associated with the project’s hospitality-led design identity, including its stated focus on refined interiors, personalised services and attention to detail. At Avarra by Palace, this branding is applied to the residential tower, its apartment range and its shared leisure and fitness facilities.

Dubai market as a whole: prices, transactions and trends (DLD data) →