The first Palace-branded apartment tower in Business Bay has 687 homes and only one of them is the 14,861 sq.ft penthouse. Avarra by Palace, developed by Emaar Properties on the edge of Dubai Water Canal, offers 1 to 4-bedroom apartments and 6-bedroom penthouses from AED 3.25 million, with 10% on booking and handover in Q2 2031. The Burj Khalifa is five minutes away but it's also the view from your window.
Avarra by Palace is a 687-residence high-rise inside Business Bay, developed by Emaar Properties the company behind Burj Khalifa, The Dubai Mall, and the Address and Vida hospitality portfolios. Palace Hotels + Resorts is Emaar's own ultra-luxury hospitality brand, already running landmark addresses like Palace Downtown and Palace Beach Resort at The Palm. Avarra marks the first time that brand has been extended to a standalone apartment tower in Business Bay. Emaar reported AED 35.5 billion in revenue in 2024 and has delivered over 118,400 residential units globally since 2002. The relevance for buyers here is direct: the brand operator and the developer are the same balance sheet, which removes the third-party licensing risk that has affected at least two other branded-residence projects in this district over the past five years.
Avarra's residences cover a deliberately wide spread. One-bedroom apartments start at 788 sq.ft and step up to 828 sq.ft. Two-bedroom homes run from 1,199 to 1,449 sq.ft, three-bedroom apartments from 1,640 to 1,848 sq.ft, and four-bedroom units from 4,225 to 4,795 sq.ft. Above those sits a single 6-bedroom penthouse 14,861 sq.ft of double-height space at the top of the tower. Every layout uses floor-to-ceiling glass and open-plan kitchens; the larger units include private terraces oriented toward the Burj Khalifa skyline or the Dubai Water Canal. Smart-home wiring is standard.
The amenity deck at Avarra is hospitality-led, not residential-tower-standard. The rooftop infinity pool runs the length of the tower with a dedicated sun deck and uninterrupted views of the Burj Khalifa. Below that sit a fully equipped gym and outdoor fitness stations, a separate yoga and meditation zone, a children's pool and play area, multi-purpose event lounges, landscaped podium gardens, and BBQ and picnic zones. Ground-floor retail and a dedicated concierge service complete the brief. The 3.2 km Dubai Water Canal promenade already one of Dubai's most active walking and cycling corridors runs directly past the tower's lower elevation. The wider Business Bay district recorded AED 38.3 billion in property sales in 2025, ranking among the top three Dubai districts by apartment transaction volume, with year-on-year price growth in the 8 to 12 percent range across 2024 and 2025.
Business Bay's apartment market currently trades at an average of AED 2,501 to AED 2,673 per sq.ft, with district-wide rental yields of 6 to 8 percent gross among the highest in any prime central Dubai location. Avarra's launch pricing places it competitively inside that range, while the Palace brand typically commands a 25 to 35 percent rental premium against unbranded comparable stock. Dorchester Collection and Bugatti Residences in the same district list at AED 4,000 to AED 6,000 per sq.ft. twice Avarra's entry point. Vikas Taneja, BRN 82127, puts it directly: "In Business Bay, a 'branded residence' label means nothing unless you know who owns the brand. Emaar owns Palace. That single fact is worth verifying before you sign anywhere else in this district." All units priced above AED 2 million qualify the buyer for the UAE's 10-year Golden Visa. Capital gains tax in the UAE is 0 percent. Rental income tax is 0 percent.
Avarra by Palace has 687 residences in total. Approximately 50 units have been released into the launch allocation window, with priority going to registered buyers and existing Emaar clients. The first construction milestone falls in January 2026, and the final handover instalment in June 2031. Ten percent secures the unit at today's launch price and the launch price is held only until the next price revision, typically tied to a construction milestone. For Middle East principal buyers and HNI clients building branded-residence portfolios, Avarra's pricing band is the entry window before the brand premium fully prices in. The Dubai Housing team holds direct developer-floor inventory and can confirm current per-unit availability, floor-level pricing, and view orientation before you commit. Speak to the team now to lock allocation before the next price revision
Avarra by Palace starts from AED 3.25 million for a 1-bedroom apartment (788 sq.ft) entry into an Emaar-developed, Palace-branded tower with direct Dubai Water Canal frontage. Two-bedroom homes from AED 4.0 million, three-bedroom from AED 5.7 million, four-bedroom from AED 13.4 million. The single 6-bedroom penthouse at 14,861 sq.ft is priced on direct enquiry. Per-square-foot pricing positions Avarra competitively against the Business Bay average of AED 2,501 to AED 2,673 per sq.ft, while delivering the brand-led premium of a Palace-grade address. The booking amount is 10 percent. Floor plans are available for all configurations on direct enquiry through the Dubai Housing team.
Avarra's amenity layout is built around two principles: hospitality-grade service in everyday use, and access to the wider Business Bay lifestyle without leaving the address. The rooftop pool, fitness floor, yoga zone, and resident lounges are reserved for the 687 residences no shared use with hotel guests, because there is no hotel. Ground-floor retail handles the daily routine coffee, dry-cleaning, last-minute grocery without a drive. The Dubai Water Canal promenade runs the building's perimeter for cycling and evening walks. Concierge handles deliveries, bookings, and visitor management with hospitality-staff training drawn from the Palace operating book.
Business Bay is one of the five urban centres identified for development and investment under the Dubai 2040 Urban Master Plan alongside Deira/Bur Dubai, Dubai Marina/JBR, Expo City Dubai, and Dubai Silicon Oasis. The district sits directly south of Downtown Dubai, bordered by Sheikh Zayed Road (E11) to the west and Al Khail Road (E44) to the east, with Dubai Water Canal cutting through its centre. For residents, that means a five-minute drive to the Burj Khalifa, The Dubai Mall, and Downtown Dubai, an eight-minute drive to DIFC, and a fifteen-minute drive to Dubai International Airport. Business Bay Metro Station on the Red Line is within walking distance of the development. The district recorded AED 38.3 billion in sales in 2025, ranking among Dubai's top three districts for apartment transaction volume.
Content Reviewed By: Vikas Taneja — RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
Avarra by Palace sits on the Dubai Water Canal frontage of Business Bay, between Sheikh Zayed Road (E11) and Al Khail Road (E44). The Burj Khalifa, The Dubai Mall, and Downtown Dubai are a five-minute drive away. DIFC is eight minutes, and Dubai International Airport (DXB) is fifteen minutes. Business Bay Metro Station on the Red Line is within walking distance.
Avarra offers 687 residences in total: 1-bedroom apartments from 788 sq.ft, 2-bedroom from 1,199 sq.ft, 3-bedroom from 1,640 sq.ft, and 4-bedroom apartments from 4,225 sq.ft. A single 6-bedroom penthouse caps the tower at 14,861 sq.ft. Every home features floor-to-ceiling glass, smart-home wiring, and Burj Khalifa or Dubai Water Canal orientation.
You can book a residence at Avarra by Palace with 10 percent down. Starting prices begin at AED 3.25 million for a 1-bedroom apartment. The Dubai Housing team holds direct developer inventory speak to them for current unit availability and per-floor pricing, and browse more Emaar projects in Business Bay on our community page.
Avarra by Palace operates on a 10/80/10 construction-linked plan. Ten percent secures the unit on booking. Eighty percent is spread across eleven instalments from January 2026 through April 2030 linked to milestones from foundations through 90 percent construction. The final ten percent settles on handover in June 2031.
Avarra by Palace is scheduled for handover in Q2 2031 June 2031. Emaar Properties has a long track record of on-schedule delivery across Business Bay and Downtown Dubai, with 118,400 residential units delivered globally since 2002. The 10/80/10 plan ties each instalment to a verified construction milestone, which keeps the timeline contractually anchored.
Yes. All Avarra by Palace residences valued at AED 2 million or above qualify the buyer for the UAE's 10-year Golden Visa. The 1-bedroom entry point starts at AED 3.25 million, so every configuration in the tower clears the threshold. Confirm the specific unit value, fee structure, and visa application process with the Dubai Housing team before booking.
Three reasons. Emaar Properties AED 35.5 billion in 2024 revenue owns the Palace brand outright, meaning no third-party licensing risk. Business Bay apartments trade at AED 2,501–2,673 per sq.ft with 6–8% gross rental yields, and branded residences typically command a 25–35% rental premium against unbranded stock. Add 0% capital gains tax and 0% rental income tax. Browse Emaar projects in Business Bay at dubaihousing-ae.com.
Limited Period: Free DLD Waiver on select units
