Palace Residences 1

P3 — Under Development Off-Plan Primary
Developer Emaar Properties PJSC
Community Dubai Hills Estate
Property type Apartment
Data updated Feb 24, 2026

Palace Residences 1 is a Under Development development by Emaar Properties PJSC in Dubai Hills Estate. 293 units across 2 Bedroom (45%), 1 Bedroom (41%), 3 Bedroom (14%). Over the trailing 12 months, 303 sales at a median of AED 2,763,927.

Key Metrics
Median Price
Value
AED 2,763,927
Change
5.1% YoY
Transactions
Value
303
Change
10 in period
Price / sqft
Value
AED 2,426
Handover Status
Value
P3
Change
Under Development
Median Price
AED 2,763,927
↑ 5.1% YoY
Transactions
303
↑ 10 in period
Price / sqft
AED 2,426
Handover
P3
Under Development
Investment Analytics
Capital Return
Value
27.6%
Community avg
Holding Period
Value
2.0 yrs
Community avg
Ready Market Mix
Value
0.0%
Community avg
Capital Return
27.6%
Community avg
Holding Period
2.0 yrs
Community avg
Ready Market Mix
0.0%
Community avg

Rental Performance

Unit Mix

By bedroom type
1 Bedroom 120 units · 41%
2 Bedroom 132 units · 45%
3 Bedroom 41 units · 14%

Transaction Breakdown

All time — 303 transactions
Off-Plan Primary
293
Off-Plan Secondary
10

Price History

Median Price — Palace Residences 1

Median prices in Palace Residences 1 have risen sharply, up 59% from AED 1.8M to AED 2.8M over the past 5 months.

Recent Transactions

Showing last 10 of 303
Date Type Price (AED) Size (sqft) AED/sqft
Feb 24, 2026 OP Secondary 2,840,000 1,114 2,548
Feb 19, 2026 OP Secondary 2,850,000 1,118 2,547
Feb 18, 2026 OP Secondary 2,757,966 1,114 2,474
Oct 27, 2025 OP Secondary 2,769,888 1,169 2,368
Sep 25, 2025 OP Secondary 1,788,888 747 2,393
Sep 24, 2025 OP Secondary 2,660,000 1,114 2,386
Sep 22, 2025 OP Secondary 2,790,888 1,169 2,386
Sep 18, 2025 OP Secondary 1,891,888 747 2,531
Aug 28, 2025 OP Secondary 3,800,000 1,546 2,457
Jul 15, 2025 OP Secondary 1,780,888 751 2,369

This project is in Dubai Hills Estate

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