Your Guide to Apartments for Rent in Palace Residences, Dubai Creek Harbour (The Lagoons)
Palace Residences in Dubai Creek Harbour (The Lagoons) is a modern residential development completed in 2023. This high-end community offers apartments ranging from 700 to 1800 sqft, featuring balconies, built-in wardrobes, and covered parking. Residents benefit from amenities such as central AC, kitchen appliances, a lobby, shared gym, shared pool, and security, making it a popular choice for those seeking luxury living in a well-connected location.
Apartments for rent in Palace Residences are positioned at a premium monthly price point, with an average monthly rent of 28,000 AED, which is above the country average. However, yearly rents remain relatively affordable compared to the national average, making these properties attractive for long-term rental and expat housing. The combination of modern facilities and competitive pricing supports a strong appeal for families and professionals looking for quality residential property in Dubai Creek Harbour.
Market Overview
Apartments for rent in Palace Residences, Dubai Creek Harbour (The Lagoons) offer high-end monthly rents averaging AED 28,000, above the country average of AED 19,000, while yearly rents are more affordable at AED 200,000. Property sizes range from 700 to 1,800 sqft, with an average of 1,100 sqft. Most properties have balconies, built-in wardrobes, covered parking, and security, while many feature central AC, kitchen appliances, lobbies, shared gyms, and pools, providing a modern living experience.
Property Prices in Palace Residences, Dubai Creek Harbour (The Lagoons)
Monthly rent for apartments in Palace Residences, Dubai Creek Harbour (The Lagoons) starts at AED 20,000, with an average price around AED 28,000, reflecting a high-end rental market. Yearly rents are more affordable compared to the country average, starting from AED 115,000 and averaging AED 200,000. Apartments ranging from 700 to 1,800 sqft are popular, with one- and two-bedroom units favored by families and long-term rental seekers.
- 1 BHK for rent in Palace Residences, Dubai Creek Harbour (The Lagoons) – approx. 133000 AED per year, 700 to 710 sq ft
- 2 BHK for rent in Palace Residences, Dubai Creek Harbour (The Lagoons) – approx. 213000 AED per year, 1100 to 1200 sq ft
Why Rent Apartments in Palace Residences, Dubai Creek Harbour (The Lagoons)?
Luxurious Living Environment
Apartments for rent in Palace Residences, Dubai Creek Harbour (The Lagoons) offer a modern lifestyle with amenities such as central AC, shared pools, gyms, and security, complemented by balconies and covered parking for comfort and convenience.
Preferred by Affluent Residents
This high-end community attracts professionals and families seeking spacious apartments ranging from 700 to 1800 sqft, valuing quality finishes, built-in wardrobes, and a secure, well-maintained environment.
Competitive Rental Market
For those looking to rent, these apartments provide affordable yearly prices compared to the country average, making Palace Residences a desirable option for long-term rental in a prestigious location.
Who Should Consider Living in Palace Residences, Dubai Creek Harbour (The Lagoons)
Affluent Professionals
Suitable for those seeking high-end apartments with luxury amenities and security.
Families
Families looking for spacious apartments with balconies and covered parking.
Long-Term Renters
Ideal for renters wanting affordable yearly prices in a modern, well-equipped building.
Amenities in Palace Residences, Dubai Creek Harbour (The Lagoons)
- Shared swimming pools and fully-equipped gyms available for residents in Palace Residences
- Most apartments feature balconies and built-in wardrobes for added comfort
- Covered parking and 24-hour security ensure convenience and safety for residents in Palace Residences, Dubai Creek Harbour (The Lagoons) apartments for rent
Accessibility & Transport in Palace Residences, Dubai Creek Harbour (The Lagoons)
Palace Residences in Dubai Creek Harbour (The Lagoons) offers high-end apartments for rent with a range of modern amenities. Many properties feature central AC, kitchen appliances, and built-in wardrobes, ensuring comfort and convenience. Residents can enjoy shared facilities such as a gym, pool, and a lobby in the building, along with covered parking and security for added peace of mind. Most apartments also include balconies, providing pleasant outdoor space. The community, completed in 2023, presents a blend of affordability and luxury with average monthly rents around 28,000 AED and yearly rents averaging 200,000 AED, making it an attractive option for those seeking upscale living near the creek.
Pros & Cons of Renting Apartments in Palace Residences, Dubai Creek Harbour (The Lagoons)
Pros
- Modern apartments completed in 2023 with luxury finishes and contemporary design.
- Most units feature balconies, built-in wardrobes, and covered parking, enhancing convenience and comfort.
- Amenities include shared gym, shared pool, and security, supporting a high-quality lifestyle.
- Located in Dubai Creek Harbour (The Lagoons), a popular neighbourhood with scenic views and well-connected transport options.
- Competitive yearly prices averaging 200,000 AED, making it more affordable annually compared to the country average.
Cons
- Monthly rents are high-end, averaging 28,000 AED, which is above the country average monthly rent of 19,000 AED.
- Smaller units start at 700 sqft, which may feel compact for families seeking larger living spaces.
- Being a newer development, some residents may experience ongoing construction or community growth phases.
- High demand and premium pricing may limit options for budget-conscious renters or first-time tenants.
FAQs about Apartments for Rent in Palace Residences, Dubai Creek Harbour (The Lagoons)
- Q: What is the price range for apartments for rent in Palace Residences, Dubai Creek Harbour (The Lagoons)?
- A: Monthly rents start at AED 20,000, with an average monthly price around AED 28,000. Yearly rents average about AED 200,000, which is affordable compared to the country average yearly rent of AED 271,000.
- Q: Are the apartments in Palace Residences furnished or unfurnished?
- A: Most apartments come unfurnished but include built-in wardrobes, kitchen appliances, and central AC. This allows tenants flexibility to furnish according to their preferences.
- Q: What amenities are available in Palace Residences?
- A: Residents benefit from shared gym and pool facilities, covered parking, secure building access, and a lobby area. Most units also feature balconies and built-in wardrobes for added convenience.
- Q: How suitable are these apartments for families or expats?
- A: With spacious units ranging from 700 to 1,800 sqft and family-friendly amenities like security and parking, Palace Residences is well suited for families and expats seeking long-term rental options.
- Q: How well connected is Palace Residences in terms of transport?
- A: Located in Dubai Creek Harbour, the area offers good connectivity to main roads and public transport options, making commuting to other parts of Dubai convenient for residents.