Avarra by Palace Business Bay Dubai

Avarra by Palace is a new residential tower by Emaar Properties on the Dubai Water Canal in Business Bay, branded by Emaar's own Palace Hotels & Resorts. It rises through ten podium levels and 67 residential floors and holds about 687 homes, from one to four bedrooms. One-bedrooms of about 825 sq ft start at AED 2,892,888 (about Rs 7.45 crore).

The plan asks 10% on booking, with most of the rest spread over construction, and handover is set for June 2031. Every unit type is above the AED 2 million Golden Visa line. The trade-off is plain: this is one of the most expensive per-foot entries in Business Bay, with a five-year wait before any rent.

At a glance

Price and unit pricing

We print AED 2,892,888 because it is Emaar's current one-bedroom figure as Property Finder carries it; EZRE rounds the same number to AED 2.9 million. The source listing and propsearch's launch record both show AED 2.7 million, which is what units cost at the sales launch in 2026. The gap, about 7%, is the usual Emaar pattern of stepping the price list after the first release sells. Emaar's price list on the day you book settles it.

Against the district, Avarra is expensive. Business Bay apartment prices averaged about AED 2,002 per sq ft in 2024 and about AED 2,090 for mid-tier stock in the first half of 2025, with a spread of about AED 1,450 to 2,360. At roughly AED 3,500 to 3,630 per sq ft, Avarra sits about 70% above that average. You are paying for the Emaar name, the canal frontage, upper-floor views of Burj Khalifa and the sea, and the Palace brand.

For comparison in our current set, DAMAC Canal Heights 2 sits on the same canal with studios from about AED 1.29 million on resale and a 2027 handover. That is a very different buy: a nearer finish, a smaller ticket and a developer with a weaker timing record.

Payment plan and total cost

Most sources quote 10% on booking, 80% during construction and 10% at handover. Some print 10% on booking, 70% during construction and 20% at handover. Both start at 10%; the difference is how much you still owe when keys arrive. Ask Emaar which applies and see it in the SPA.

Worked example: the AED 2,892,888 one-bedroom on 10/80/10

On the 10/70/20 version the milestones fall to about AED 2,025,022 and the handover payment rises to about AED 578,578. Emaar ties instalments to construction progress, so on a 67-floor tower the 80% will be paid in steps over roughly five years rather than evenly each month. Ask for the milestone schedule with dates.

Service charge. No figure is published for Avarra. Business Bay's average is about AED 14.75 per sq ft a year, but premium and branded towers run about AED 22 to 30. On an 825 sq ft one-bedroom that is about AED 18,150 to 24,750 a year, and a Palace-serviced tower is likely to sit in the upper half.

Location and connectivity

Avarra is on the northern side of Business Bay, beside the Dubai Water Canal, between Downtown Dubai and Meydan. From here Burj Khalifa, Dubai Mall, DIFC and Sheikh Zayed Road are all across one district, and the canal promenade runs in front of the tower. Business Bay Metro station on the Red Line serves the district. The sources checked do not print drive times for this plot, so we give none.

Business Bay is Dubai's dense mixed-use core: offices, hotels and residential towers packed along the canal and the Creek extension. It is busy at peak hours and still building, and the canal banks have several towers under construction, including other launches in our current set. Buyers who want quiet should look for a higher floor facing the water rather than the road.

Every project we track in the emirate is on all Dubai projects, and the full list is on our projects page.

Amenities and specifications

Quoted for the tower: Palace-branded interiors and common areas, a swimming pool and pool deck, a children's pool and play area, a gym, an outdoor fitness station, a yoga area, a multi-purpose room, and barbecue and picnic areas. Upper floors are marketed for views of Burj Khalifa, Downtown and the sea; lower floors face the canal and neighbouring towers.

Not published: the finish schedule, appliance brands, parking per unit and the service-charge budget. At a branded price, get the specification schedule attached to the SPA rather than relying on the brochure. Final specification as per the SPA.

About the developer

Emaar Properties, founded in 2002 and listed on the Dubai Financial Market, built Downtown Dubai, Burj Khalifa, Dubai Hills Estate and Dubai Creek Harbour, and has delivered more than 80,500 homes. In 2025 Emaar Development recorded its highest-ever sales, AED 71.1 billion, revenue of AED 27.5 billion from handovers and a revenue backlog of AED 155 billion at year end, after more than 48 residential launches in the year.

Palace is Emaar's own hotel brand, which matters: the operator behind the name belongs to the same group as the developer, not a licensor that could walk away. Emaar is widely treated as Dubai's benchmark for delivery. That said, very tall towers can slip by months, and a 2031 date leaves plenty of room for that.

For Indian buyers

Ownership. Business Bay is freehold for foreign buyers, resident or not, and the Dubai Land Department issues the title deed in your name. The UAE has no annual property tax and no VAT on a residential sale; the government cost is the 4% DLD transfer fee, about AED 115,716 on the entry one-bedroom.

Remittance. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year. The AED 2,892,888 one-bedroom is about USD 788,000, well above a couple's USD 500,000 in any single year. The plan is what makes it workable: 10% at booking is about USD 79,000, and the 80% spreads over roughly five years, so a couple can fund it inside their annual limits. Map each milestone against the financial year before you book.

Golden Visa. The threshold is AED 2 million of property. The cheapest one-bedroom clears it by about AED 890,000, so every unit here qualifies on price. Off-plan units can qualify once the required share has been paid; check the current rule with the ICP.

Rent and tax. No rent is published. Business Bay apartments earn gross yields of about 5.7% to 7% on district-average prices. At 5.7%, the one-bedroom would need about AED 164,900 a year in rent, and no source we checked shows a Business Bay one-bedroom letting at that level, so expect a lower yield on Avarra's price. Rent and any gain are taxable in India for an Indian tax resident; the UAE levies no income tax on the rent.

Pros

• Emaar, with more than 80,500 homes delivered, is the strongest delivery name in Dubai
• Canal frontage in Business Bay with Burj Khalifa views from the upper floors
• Only 10% at booking, and payments spread over about five years of construction
• Every unit type clears the AED 2 M Golden Visa threshold
• The long plan suits Indian buyers remitting under the LRS year by year
• Palace is Emaar's in-house brand, so the operator and developer are the same group

Cons

• At about AED 3,500 per sq ft it costs roughly 70% more than Business Bay's average near AED 2,000-2,100
• Handover is June 2031 - five years of capital locked up before any rent
• 80% falls due during construction, so most of the money is paid before keys
• Branded-tower service charges in Business Bay run about AED 22-30 per sq ft
• Price already up about 7% from the AED 2.7 M launch figure
• A 687-unit tower with many investor buyers will mean resale competition at handover

Who this is for

• Golden Visa buyers who want an Emaar unit and can wait until 2031
• Buyers spreading payments over five years from Indian income under the LRS
• Long-term holders who value canal frontage and Burj Khalifa views
• End users planning a move to Dubai around 2031

Who should look elsewhere

• Yield buyers - the entry price per sq ft leaves little room for a Business Bay rent
• Anyone who needs keys or income before 2031
• Buyers who want a studio: the tower starts at one-bedroom
• Buyers sensitive to high annual service charges

Our verdict

Avarra is an Emaar tower on the canal at an Emaar-plus-brand price. The one-bedroom at about AED 3,500 per sq ft is roughly 70% above Business Bay's average of around AED 2,000 to 2,100, and the list has already moved about 7% from the AED 2.7 million launch. What you pay for is the delivery name, the canal frontage, the Palace fit-out and a very gentle plan: 10% now and the rest spread over five years. That makes it a good residency and wealth-parking buy and a weak yield buy. Business Bay rents are set by the thousands of cheaper towers around it, and they will not rise to meet a branded price. Anyone buying should assume the return comes from Emaar's resale premium in 2031, not from rent.

Buy it if you want a Golden Visa-qualifying Emaar unit and can leave the money in for five years; the plan is one of the easiest in the market to fund from India. Do not buy it for rental yield. Get the plan (10/80/10 or 10/70/20) and the completion date fixed in the SPA before paying the 10%.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of Avarra by Palace?

One-bedrooms of about 825 sq ft start at AED 2,892,888 (about Rs 7.45 crore). Two-bedrooms start at AED 4,362,888, three-bedrooms at AED 5,955,888 and the 4,226 sq ft four-bedroom at AED 13,730,888. The launch figure, which the source listing also carries, was AED 2.7 million.

What is the payment plan?

Most sources quote 10% on booking, 80% during construction and 10% at handover. Some print 10/70/20. On AED 2,892,888 the 10/80/10 plan means about AED 289,289 now, AED 2,314,310 over construction and AED 289,289 at handover, plus about AED 115,716 of DLD fee.

When is the handover?

June 2031 (Q2 2031). Construction started in 2026. The SPA date is the one that binds Emaar.

Does it qualify for the Golden Visa?

Yes. The threshold is AED 2 million of property, and the cheapest one-bedroom at AED 2,892,888 clears it by about AED 890,000. Off-plan units can qualify once the required share is paid; confirm the current rule with the ICP before relying on it.

How many units and floors?

About 687 homes in one tower of 2 basements, a ground floor, 10 podium levels and 67 floors plus a roof. Other pages print 688 to 694 units.

What will the service charge be?

Not published. Premium Business Bay towers run about AED 22 to 30 per sq ft a year, which is about AED 18,150 to 24,750 on an 825 sq ft one-bedroom.

Can an Indian resident buy here?

Yes. Business Bay is freehold for foreign buyers. Under the LRS each person can remit USD 250,000 a financial year; the one-bedroom is about USD 788,000, but the five-year plan lets a buyer spread that over several years.

Is Emaar reliable?

Emaar has delivered more than 80,500 homes since 2002 and reported record sales and profit in 2025. It is Dubai's most reliable large developer, though big towers can still slip by some months.

Compare with other Dubai projects

Also in Business Bay: DG1 (from AED 1.9 M, handover 2027), Vogue (from AED 3.9 M, ready), Deyaar DWTN Residences (from AED 1.86 M, handover 2029) and Urban Life Residences (from AED 1.65 M, off-plan). See every Business Bay project with prices and handover dates.

More by Emaar: Joy Townhouses (from AED 2.71 M, ready), Anya 2 (from AED 2,590,000, handover 2026) and Fairway Villas 2 (from AED 3,210,000, handover 2026).

A similar budget elsewhere in Dubai: Cavalli Tower (from AED 2.9 M, handover 2026), DAMAC Bay 2 (from AED 2.9 M, handover 2028) and Omniyat Opus (from AED 3 M, ready).

Read next: Apartments for Sale in Business Bay: Prices and Net Yields · Emaar Projects in Dubai: Every Project, Price and Handover Date · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Dubai Golden Visa Through Property. Every Dubai project we track is listed on the Dubai section.