Avarra by Palace, Business Bay
Avarra by Palace is an under-construction residential tower in Business Bay, developed by Emaar Properties through Emaar Development in partnership with Emaar’s own hospitality brand, Palace Hotels & Resorts. The branded residence sits on Marasi Drive, on Business Bay’s canal-front stretch, with a targeted handover of June 2031.
Developer
Emaar Properties (Palace Hotels & Resorts branded)
Units
687 (1-4BR)
Storeys
Approx. 67-78 (sources vary)
Status
Under construction, handover June 2031
About Avarra by Palace
Avarra by Palace is an under-construction residential tower in Business Bay, developed by Emaar Properties through Emaar Development in partnership with Palace Hotels & Resorts, one of Emaar’s own hospitality brands. The tower sits on Marasi Drive, within Business Bay’s central canal-front stretch, with a targeted handover of June 2031.
The tower is planned to hold 687 residences across one to four-bedroom layouts: 314 one-bedroom, 234 two-bedroom, 118 three-bedroom and 21 four-bedroom units, ranging from approximately 789 to 4,226 sq ft. Launch marketing describes apartments with views toward Burj Khalifa, Downtown Dubai, Business Bay and the sea, reflecting the tower’s height and its Marasi Drive canal-front position.
Reported storey counts vary by source: one lists a configuration of 2 basement + ground + 10 parking + 67 residential floors, while other broker listings describe the tower as 75 or 78 storeys overall, likely reflecting different counting conventions (residential floors only vs. total levels including podium/parking). No single storey count is asserted here. Avarra by Palace should not be confused with the several other Emaar "Palace"-branded developments in Dubai: Creek Palace Residences, Palace Residences North and Palace Residences Creek Blue (all Dubai Creek Harbour) and Palace Residences Hillside (Dubai Hills Estate) are separate projects in different parts of the city. Avarra by Palace is the only Palace-branded Emaar project located in Business Bay.
Location & Nearby Landmarks
Avarra by Palace sits on Marasi Drive in Business Bay, close to the Dubai Canal’s promenade and its jogging and cycling tracks. The location is within easy reach of Downtown Dubai’s Burj Khalifa, The Dubai Mall and the Dubai Fountain, and offers quick access to Sheikh Zayed Road, Al Khail Road and Business Bay Metro Station.
Avarra by Palace joins Royale Stays’ wider Business Bay Building Guide cluster alongside Coral Tower, Ubora Towers and Rove Home Marasi Drive.
Avarra by Palace falls within Royale Stays’ wider Business Bay coverage area, detailed in Airbnb Property Management in Business Bay.
Unit Types
Avarra by Palace is planned to offer 687 residences: 314 one-bedroom, 234 two-bedroom, 118 three-bedroom and 21 four-bedroom apartments, ranging from approximately 789 to 4,226 sq ft. Marketing materials describe premium materials, warm interior tones and expansive glazing across the unit mix, consistent with the tower’s Palace Hotels & Resorts branding.
Amenities
Reported and planned amenities include a canal-view infinity pool, a wet deck with cabanas, an outdoor gym, a shaded kids’ pool and play area, yoga and relaxation zones, a BBQ terrace, landscaped podium gardens and a multipurpose lawn, plus a wellness spa, indoor and outdoor lounges, retail space and a concierge-staffed lobby. As the tower is still under construction, these are planned features rather than confirmed-built ones.
Development Timeline & Status
Avarra by Palace launched with units priced from AED 2.7 million, sold under a staged, construction-linked payment plan running through to handover. Construction was reported to begin in 2026, with a targeted handover of June 2031 (also stated as Q2 2031 by some sources).
As of this guide’s research date, Avarra by Palace is still under construction, years away from its targeted handover. Anyone considering the tower for purchase, rental or future short-term-rental management should confirm current construction progress, registration and title status directly with Emaar or a licensed Dubai broker before making any decision.
Sources also disagree on the exact payment-plan split (one source states 90% during construction with 10% on handover, another describes an 80/20 split) -- no single figure is asserted here.
Future STR Potential
Palace Hotels & Resorts is a distinct Emaar Hospitality Group brand, positioned within/alongside Address Hotels + Resorts’ management tier, not the same brand as Vida Hotels and Resorts. Neither Palace nor Address carries a confirmed short-term-letting prohibition, so there is no policy barrier once a unit at Avarra by Palace is confirmed handed over with clear title. Short-term letting would then follow the standard Dubai process: a DTCM holiday-home permit routed through the building’s own management company.
Royale Stays manages short-term rentals across Business Bay for a fee starting from 15%, covering furnishing, photography, pricing, guest communications and maintenance. Owners who confirm a handed-over, titled unit at Avarra by Palace can use the Dubai Property ROI Calculator to model potential returns once the unit is ready to list, and can reach out via Royale Stays’ Airbnb property management service to discuss management once the building is confirmed ready.
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