This is a distress deal for a two-bedroom apartment in Palace Residences Creek Blue, Dubai Creek Harbour, offered at AED 3,443,090. The reference price for this unit was AED 3,610,000, so the current asking reflects a 4.6% discount, or AED 166,910 below the original price. The apartment covers 1,233 sq.ft, placing the entry basis at approximately AED 2,792 per sq.ft. This is a mid-rise unit (floors 2–6) with a sea view and balcony, and is scheduled for completion in Q1 2029. The payment structure is staged, with a significant portion due on transfer and the remainder spread across construction milestones up to handover. The immediate investment thesis is a below-market entry into a branded Emaar development, with a payment plan that reduces upfront capital exposure and aligns with construction progress. The buyer is not exposed to immediate vacancy or operational risk, but is taking a position on the future value and rentability of a branded residence in a maturing waterfront district.
PALACE RESIDENCES CREEK BLUE · Creek HarbourEmaar · Creek Harbour
DISTRESS DEAL: 2-BR IN PALACE RESIDENCES CREEK BLUE
- Unit
- 2-BR
- Size
- 1,233 sq.ft
- Developer
- Emaar
- Handover
- Q1 2029
The discount is measured against the original price + DLD recorded for this unit, not against a valuation.
This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 13 March 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
Quick navigation
The numbers
Payment breakdown
- Payment to sellerAED 1,277,158
- DLD Transfer fee 4% + 40 AEDAED 137,764
- DLD Registration Trustee fee + 5% VATAED 5,250
- Buyer's agent commission 2% + 5% VATAED 72,304
- Total on transferAED 1,492,476
- 14-Apr-2026AED 360,989
- 27-Dec-2026AED 360,989
- 7-Aug-2027AED 360,989
- 16-Nov-2027AED 180,494
- 17-Mar-2028AED 180,494
- 30-Jul-2028AED 360,989
- 100% Construction (31-Mar-2029)AED 360,988
- Total remaining payment planAED 2,165,932
This unit has sold. Tell us what you are looking for and we will send the deals that are open now.
Show me deals like this oneLayout
Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Palace Residences Creek Blue is located within Dubai Creek Harbour, a large-scale master-planned community by Emaar. The area is positioned along the waterfront, with direct views toward the Creek and the Downtown skyline. Access to the wider city is via Ras Al Khor Road and Al Khail Road, providing connections to Downtown Dubai, Business Bay, and Dubai International Airport. Public transport options in Creek Harbour are developing, with planned metro links and existing bus routes, but private car and ride-hailing remain the primary modes for residents. The district is designed to be walkable, with promenades, parks, and retail zones integrated into the master plan. For investors, this location offers a balance between proximity to the city’s core and the appeal of a new waterfront environment, which is expected to mature further as more phases are delivered.
AMENITIES & SURROUNDING
Palace Residences Creek Blue is a branded residential project developed in partnership with Palace Hotels & Resorts, part of Emaar Hospitality Group. The development is planned as a multi-building complex, with two towers and a total of approximately 592 units. Residents will have access to amenities consistent with the Palace brand, including swimming pools, fitness facilities, landscaped gardens, children’s play areas, and concierge services. The project is designed to reflect a blend of Middle Eastern and contemporary aesthetics, with hospitality-style services and communal spaces. The wider Creek Harbour district offers retail outlets, waterfront promenades, parks, and planned cultural attractions. As the area matures, infrastructure such as schools, healthcare, and additional retail is expected to support long-term residential demand. The immediate surroundings are still under development, but the master plan aims to deliver a self-contained, high-amenity environment.
MARKET
At AED 2,792 per sq.ft, this unit is positioned above the average for generic Dubai apartments, but in line with branded, waterfront developments by Emaar. Branded residences in Dubai typically command a premium due to their association with hospitality services and perceived quality. The payment plan structure is standard for off-plan Emaar projects, with a 10% down payment and staged installments. The main investor case is capital appreciation as Creek Harbour matures and branded supply remains limited. Rentability will depend on the pace of district completion and the absorption of new supply, but the Palace brand and waterfront positioning should support demand from both end-users and tenants seeking a serviced environment. Liquidity risk is moderate: while Emaar projects are generally well received, resale before handover can be sensitive to market cycles and construction progress. The main risk points are construction timeline, future service charges, and the pace at which the wider Creek Harbour ecosystem is delivered.
CONCLUSION
This deal is best suited for an investor seeking below-market entry into a branded Emaar project with a manageable payment plan and a long-term view. The 4.6% discount provides a visible entry advantage, and the Palace brand supports both future rentability and resale positioning. The main considerations are the construction timeline (with handover in Q1 2029), the evolving nature of Creek Harbour, and the typical risks of off-plan investment. For buyers comfortable with a staged payment structure and a medium-term horizon, this unit offers a credible case for capital appreciation and future rental income in one of Dubai’s most ambitious waterfront districts. The fundamentals of location, brand, and pricing are aligned for a disciplined, forward-looking acquisition.
Location
PALACE RESIDENCES CREEK BLUE — Creek Harbour, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 2-BR IN PALACE RESIDENCES CREEK BLUE behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are considering.
Method
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.
More deals
The latest distress deals
The most recently listed deals that were still available when we last checked. Sold units are not shown here.

Emaar Beachfront
DISTRESS DEAL: 1-BR IN DAMAC BAY - TOWER C
- Price / sq.ft
- AED 3,378
- Developer
- Damac
- Handover
- Q4 2027

Rashid Yachts and Marina
DISTRESS DEAL: 1-BR IN OCEAN POINT - TOWER 2
- Price / sq.ft
- AED 1,908
- Developer
- Emaar

Emaar Beachfront
DISTRESS DEAL: 1-BR IN SEAPOINT - TOWER 2
- Size
- 764 sq.ft
- Price / sq.ft
- AED 3,442
- Developer
- Emaar
- Handover
- Q2 2028

Bluewaters Island
DISTRESS DEAL: 2-BR + Maid's IN BLUEWATERS BAY - BUILDING 1
- Size
- 1,670 sq.ft
- Price / sq.ft
- AED 3,145
- Developer
- Meraas
- Handover
- Q3 2027

Sobha Hartland II
DISTRESS DEAL: 2-BR IN SKYSCAPE ALTIUS
- Size
- 1,268 sq.ft
- Price / sq.ft
- AED 2,129
- Developer
- Sobha
- Handover
- Q4 2028

Emaar Beachfront
DISTRESS DEAL: BULK DEAL - 9 APARTMENTS IN BAYVIEW - TOWER 1
- Size
- 10,041 sq.ft
- Price / sq.ft
- AED 4,681
- Developer
- Emaar
- Handover
- Q2 2027
Read next
A discounted unit is bought the same way any other is. The questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase costs.
The gold rule under an entry is its length, against the longest piece here.
Guides
How to Buy Dubai Property from Overseas
Power of attorney, attestation country by country, remote AML checks, funding the purchase, and remote signing against a short trip.
How to Buy Ready (Secondary) Property in Dubai
The fixed sequence the Land Department sets for a resale — an agreed Form F, a deposit, a developer NOC and the Trustee Office transfer.
Pre-Handover Assignment (Off-Plan ‘Flipping’) in Dubai: How It Works
Assigning an off-plan unit before handover — the developer NOC and minimum-paid rules, the fees that come off the profit, and when it still loses money.
Off-Plan Payment Plans in Dubai Explained: 10/90, 50/50 and Post-Handover
Construction-linked and post-handover structures, what escrow protects at each stage, and what happens if a later instalment cannot be funded.
NOC (No Objection Certificate) for a Dubai Property Purchase
What the developer’s certificate confirms, how service-charge clearance runs through Mollak, and the usual reasons issuance is delayed.
How to Vet a Dubai Developer Before You Buy
Brochures are marketing; DLD registration, project escrow status and broker licensing are checkable public facts. How to verify all three.
A Due-Diligence Checklist for Buying in Dubai
Who owns the title, whether the unit carries a mortgage or a restriction, and whether its service charges are current. In order, with the tool that verifies each.
The True Cost of Buying Property in Dubai: All Fees Explained
Transfer, trustee office, agency commission, developer NOC and the mortgage costs, each set against the Land Department’s own published figures.
Mortgages for Non-Residents in Dubai
What a genuine non-resident can borrow, as distinct from a UAE-resident expatriate, which banks lend, and how a purchase is completed remotely.
Capital Gains & Property Tax in Dubai: What Investors Actually Pay
What an individual owner is and is not charged here, which transaction cost is the real one, and why your home-country position is a separate question.
Articles
How to Buy a Cancellation Unit in Dubai: Strategic Guide
A cancellation unit is a launch booking the first buyer lost — how they reach the market, and the steps to secure one at launch pricing.
How to Buy Dubai Property During Crisis and Build a Portfolio at Peak Fear
The historical entry points, yields by district, and a contrarian acquisition process for buying when confidence is at its lowest.
Buying a Resale Property in Dubai: Step-by-Step Guide for Investors
The process, the legal steps, the costs and the mortgage options, for residents and international investors alike.
How to Buy Property in Dubai as a Foreign Investor: Step-By-Step Guide
Costs, the legal process, the risks, and how to structure the investment — written for a buyer outside the UAE.
Buying Off-Plan Property in Dubai: Primary Market Guide
The primary market end to end. EOIs, SPAs, payment plans, Oqood, escrow, resales and mortgages.
Residential Mortgages in Dubai: Guide for Expats and Investors
Rates, loan-to-value limits, eligibility, fees and the documents a lender asks for, for residents and investors.



