Palace Residences Dubai Hills Estate Dubai

Palace Residences is a three-tower development by Emaar Properties in Dubai Hills Estate, branded by Palace Hotels & Resorts, the hotel brand in Emaar's own hospitality group. It offers one, two and three-bedroom apartments, three-bedroom townhouses, and half and full floors, facing Dubai Hills Park. Emaar announced on 17 May 2024 that the release had sold out, with AED 2.3 billion of sales in 48 hours.

One-bedrooms launched from AED 1.71 M (about Rs 4.40 crore), two-bedrooms from AED 2.51 M and three-bedrooms from AED 4.77 M, on an 80/20 plan. Construction began in March 2024 and handover is Q2 2028. Because Emaar's release is gone, this page is about what a buyer pays for an assignment today, and how to check it. For the wider market, see all Dubai projects we track.

At a glance

Price and unit pricing

These are launch prices from Emaar's May 2024 price list as portals report them, and the release is sold out. We print AED 1.71 M because it is the one-bedroom figure with a unit type attached; a second source's AED 1.8 M "starting price of an apartment" may be a larger plan or a later snapshot. The SPA on the contract you take over settles the original price.

No source in our research prints current resale or assignment asks for Palace Residences, although Property Finder does carry resale listings. As a yardstick, estate-wide reports put Dubai Hills off-plan apartments at about AED 2,455 per sq ft and secondary apartments at about AED 2,183. On a 754 sq ft one-bedroom, that is about AED 1.65 M to 1.85 M, so a seller asking far above AED 1.9 M is pricing the Palace name and the park view, not the estate average.

How the launch compares

Emaar's Parkland, launched in 2024 in the same estate, opened at about AED 1,700 per sq ft with handover in Q4 2028. Palace Residences cost about a third more per foot at launch for the brand and an earlier date. Greencrest, Emaar's current launch, starts near AED 2,050 to 2,300 per sq ft with handover in 2029.

One more check on the numbers: one tracker estimates about 1,395 units. AED 2.3 billion across 1,395 homes would average about AED 1.65 M a home, below the one-bedroom launch price, so either the count is too high or not all units were in the launch. Treat it as unconfirmed.

Payment plan and total cost

The launch plan was 80/20: 10 per cent on booking, 70 per cent during construction, and 20 per cent on handover in Q2 2028. There is no post-handover portion.

Worked example: the AED 1.71 M one-bedroom at launch

At the launch price the one-bedroom cost about AED 1,778,440 (about Rs 4.58 crore) with fees. That is the original buyer's cost. As a buyer today you take an assignment: you pay the seller what they have paid Emaar so far plus a premium, register the transfer with Emaar and the DLD, and pay the remaining instalments yourself. The DLD's 4 per cent fee applies to the transfer, and you pay 2 per cent agency commission plus VAT if you use a broker.

Emaar sets its own rules for assignments, including how much of the price must be paid before a contract can be transferred and the admin fee it charges. Get both in writing, see the seller's Oqood certificate and statement of account, and have the premium checked against DLD transactions before you pay.

No service charge is published. Dubai Hills apartment buildings run about AED 14 to 18 per sq ft a year, about AED 10,600 to 13,600 on a 754 sq ft one-bedroom; a branded building may sit higher.

Location and connectivity

The three towers sit inside Dubai Hills Estate, the Emaar and Meraas master community of about 2,700 acres, and face Dubai Hills Park. Emaar describes the estate as between Downtown Dubai and Dubai Marina and flanked by Al Khail Road, the main route to Downtown, Business Bay and the airport.

Quoted drive times for the estate are about five minutes to Dubai Hills Mall and King's College Hospital, about 15 minutes to Downtown Dubai, and 20 to 25 minutes to Dubai International Airport (DXB). The golf club and the schools inside the estate are open. There is no Dubai Metro station in the community; Emaar's own Palace Residences page points to planned Etihad Rail and Metro lines nearby, without a date.

Much of what is still under construction in Dubai Hills is apartment towers like these, and several Emaar buildings complete between 2027 and 2029. That is good for the neighbourhood and a short-term test for landlords, who will compete for tenants in the first year after handover.

Amenities and specifications

Emaar describes the homes as having interiors in Palace's "oriental modernism" style, with living spaces opening onto views of Dubai Hills Park. The amenities it lists are a lap pool, splash pads for children, indoor and outdoor gyms and a rooftop terrace. The mix runs from one-bedroom apartments to three-bedroom townhouses and half and full floors, which is unusual for a mid-rise block.

The towers are described as mid-rise by Emaar, and two sources disagree on the height: one prints 16, 18 and 19 floors, another 23 to 25 storeys, with Khatib & Alami named as architect. Appliance brands, parking allocation and smart-home features are not itemised in the sources checked, and nothing says what hotel-style services the Palace brand brings day to day. Ask for the amenity and service schedule; the SPA is the binding list.

About the developer

Emaar Properties is Dubai's largest listed developer and, with Meraas, the master developer of Dubai Hills Estate. The group says it has delivered more than 130,900 homes since 2002, including more than 84,000 by Emaar Development in the UAE, and handed over 3,633 units in the first half of 2026. For that half, Emaar Development reported AED 13.3 billion of revenue, AED 22.4 billion of property sales and a revenue backlog of AED 127.7 billion at 30 June 2026.

Palace is Emaar's own hotel brand, so the branding stays inside the group. In Dubai Hills, Emaar has delivered Sidra, Maple, Club Villas, Park Point and Palm Hills; Club Villas finished about a year late in 2021, and the Lamborghini Mansions moved from Q4 2024 into 2026. Emaar has since launched Palace Residences Hillside, a separate release with its own project page, so do not confuse the two when you read a listing.

For Indian buyers

Ownership. Dubai Hills Estate is freehold and open to Indian buyers. An assignment is registered with Emaar and the DLD in your name, and the DLD issues the title deed at handover. There is no annual property tax.

LRS. Each person can remit USD 250,000 per financial year, about AED 918,000. The one-bedroom's AED 1.71 M launch price is about USD 466,000, which a couple covers in one year. On an assignment the first payment is large, because you refund what the seller has already paid, so plan the remittances before you sign. TCS at 20 per cent applies above Rs 10 lakh a year and is adjusted against your tax.

Golden Visa. A two-bedroom at AED 2.51 M or larger clears the AED 2 M threshold; the one-bedroom at launch price does not. Confirm the rules for off-plan property with the DLD when you apply.

Rent, tax and exit. No rent until 2028. Estate-wide reports put Dubai Hills near 5.4 per cent gross, less about a point for service charges. Rent is taxable in India if you are resident, after the 30 per cent standard deduction, and the flat goes in Schedule FA. A sold-out Emaar release in this estate should resell, but at a market price after the premium you paid. For other options, browse our projects page.

Pros

• Emaar's own Palace brand in Emaar's own finished estate, facing Dubai Hills Park
• Handover Q2 2028, less than two years away, with construction running since March 2024
• A 10 per cent booking and no post-handover tail on the original plan
• Launch rate of about AED 2,220 to 2,530 per sq ft sits near the estate's off-plan apartment average of about AED 2,455
• Sold out in 48 hours at launch - AED 2.3 billion of demand for one release
• Unit mix from one-bedrooms to full floors

Cons

• Sold out: you buy an assignment at a premium, not at Emaar's price
• No resale asks for this project in the sources checked - you must price the premium yourself
• The one-bedroom at AED 1.71 M falls short of the AED 2 M Golden Visa threshold
• Unit count, floor count, DLD number and service charge all unconfirmed
• Several Emaar towers in the estate complete between 2027 and 2029, so first-year rents face competition
• No Dubai Metro station in Dubai Hills Estate

Who this is for

• Buyers who want a branded Emaar flat in Dubai Hills with keys in 2028
• Investors who can check an assignment price against DLD data and negotiate the premium
• Families wanting a two- or three-bedroom or townhouse that also qualifies for the Golden Visa
• Buyers of a whole or half floor who want a trophy unit inside a finished estate

Who should look elsewhere

• Anyone expecting Emaar's launch price - that release is gone
• Buyers who cannot verify an assignment and the seller's paid-up balance themselves
• Golden Visa seekers set on a one-bedroom
• Commuters who need the Dubai Metro

Our verdict

Palace Residences was the kind of Emaar launch that sells out in two days: a brand buyers know, a finished estate and a park view, at about AED 2,220 to 2,530 per sq ft for a one-bedroom. That rate now sits near the estate's off-plan apartment average of about AED 2,455, so the original buyers have a paper gain but not a windfall. For a buyer today the question is the assignment premium, and no source prints current asks, so you have to build the comparison yourself from DLD data on nearby Emaar towers. The handover in Q2 2028 is close, which makes this less of a waiting game than Greencrest. The gaps are the unit count, which one tracker's estimate does not square with the sales figure, the floor count, the DLD number and the service charge.

Buy a Palace Residences assignment only when the premium over the AED 1.71 M launch price is justified by DLD sales in comparable Emaar towers nearby, and only after checking the seller's paid-up balance and Emaar's transfer terms. If you want Emaar's price rather than a seller's, look at a current Emaar launch in the estate such as Greencrest. If the Golden Visa matters, target a two-bedroom or larger.

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 was the launch price of Palace Residences, Dubai Hills Estate?

One-bedrooms launched from about AED 1.71 M (about Rs 4.40 crore), two-bedrooms from AED 2.51 M and three-bedrooms from AED 4.77 M; half floors from AED 20.6 M and full floors from AED 39.51 M. One source prints the apartment start as AED 1.8 M. Emaar's SPA settles the figure on any contract you take over.

Can I still buy from Emaar?

No. Emaar announced the release sold out, with AED 2.3 billion of sales in 48 hours, on 17 May 2024. Today you buy an assignment from an original buyer or, after handover, a finished resale.

What is the payment plan?

80/20: 10% on booking, 70% during construction and 20% on handover. On an assignment you pay the seller what they have paid plus a premium, then the remaining instalments to Emaar.

When is the handover?

Q2 2028. Construction began in March 2024. Check the completion date on the Oqood record of the contract you buy.

How is it different from Palace Residences Hillside?

Hillside is a later, separate Emaar release in Dubai Hills with 3 to 6 bedroom apartments, villas and townhouses and its own project page. There is also a Palace Residences at Dubai Creek Harbour. This page covers only the three-tower Dubai Hills release launched in May 2024.

Is there a DLD project number?

Not in any source we checked. Ask the seller for the Oqood certificate, and check the project number and escrow account on the Dubai REST app before paying anything.

Does it qualify for the Golden Visa?

A two-bedroom at AED 2.51 M or larger unit clears the AED 2 M threshold; the one-bedroom at its launch price does not. Confirm the rules for off-plan property with the DLD when you apply.

What service charge and rent should I expect?

Neither is published for this building. Dubai Hills apartment buildings run about AED 14 to 18 per sq ft a year, and estate-wide reports put gross yields near 5.4 per cent. A branded building often charges above the estate average; ask Emaar for the budget.

Compare with other Dubai projects

Also in Dubai Hills Estate: Greencrest (from AED 1.74 M, handover 2029), Emaar Park Point (from AED 1,500,000, ready), Parkland (from AED 1.5 M, handover 2028) and Parkside Views (from AED 1.45 M, handover 2027). See every Dubai Hills Estate project with prices and handover dates.

More by Emaar: Emaar Arlo (from AED 1.7 M, handover 2028), Emaar Expo Golf Villas Phase 5 (from AED 1.756 M, ready) and Marina Views (from AED 1,650,000, handover 2028).

A similar budget elsewhere in Dubai: LIV Maritime (from AED 1,710,000, handover 2028), Agua Residence Tower B (from AED 1,700,000, handover 2027) and Orise by Beyond (from AED 1.7 M, handover 2028).

Read next: Property for Sale in Dubai Hills Estate: Prices and 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 Cost of Buying Property in Dubai. Every Dubai project we track is listed on the Dubai section.