Luxury Waterfront Residences in Business Bay

Avarra by Palace is a newly announced residential development by Emaar Properties, positioned along the Dubai Water Canal in Business Bay. This project forms part of Emaar’s Palace-branded collection, known for blending hospitality-inspired design with premium residential living. The tower is planned as a high-rise landmark, offering a selection of upscale apartments with direct canal frontage and views of Downtown Dubai and the surrounding skyline.

Project Concept and Design

Avarra is designed to deliver the atmosphere and service experience typically associated with Palace-operated hotels. The residences are expected to feature warm contemporary interiors, landscaped terraces, and a range of leisure and wellness amenities. Concierge services, premium lobby spaces, and resident-only facilities are part of the development vision, positioning Avarra among the upper tier of luxury waterfront offerings in Business Bay.

Location

The project occupies a prime canal-front site in Business Bay, one of Dubai’s most active urban districts. Residents will be within close proximity to Downtown Dubai, DIFC, and major business hubs, making it suitable for both end-users and investors focused on strong rental demand. Waterfront access, walkable retail, and dining destinations along the canal enhance the residential appeal.

Residences and Pricing

Avarra offers a range of units from one to four bedrooms. According to publicly available marketing materials, sizes and entry prices are expected as follows: one-bedroom apartments from approximately 790 square feet starting at around AED 2.8 million; two-bedroom units from roughly AED 4.5 million; and larger three- and four-bedroom layouts reaching over 4,000 square feet, with prices in higher tiers.

Payment and Handover

The payment structure being promoted includes a 10 percent initial booking, followed by staged payments during construction and a final installment at completion. The anticipated handover timeframe is currently indicated for 2031.

Why the Project Matters

Avarra by Palace is designed to serve buyers seeking branded luxury living in a central Dubai location with waterfront character. Business Bay has continued to attract both residents and investors due to its connectivity, professional environment, and rental performance. Avarra’s association with Emaar and the Palace brand adds an additional layer of confidence and differentiation in a competitive luxury market segment.