Avarra by Palace (Business Bay) — SKID Score 6.5/10

Key information

Delivery date: Jun 2031
Location: Dubai, Business Bay, Avarra by Palace
Payment plan: 10/80/10
Property types: Apartment
Government fee: 4% + AED 3,000 admin
Ownership type: Freehold
Starting price / sq.ft: AED 3,430 / sq.ft
Unit sizes: From 790 sq.ft
SKID score: 6.5 / 10 (Worth comparing)

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Payment plan

10%

Down payment

AED 271K

At sales launch

80%

During construction

AED 2.17M

Construction milestones

10%

On handover

AED 271K

Jun 2031

Published milestone schedule · Payment Plan

10% + 4% DLD + 3000 AED Oqood10% · AED 271K

10%10% · AED 271K

5%5% · AED 135K

10%10% · AED 271K

5%5% · AED 135K

10%10% · AED 271K

5%5% · AED 135K

10%10% · AED 271K

Project timeline

Project announcement
Emaar Properties official release
Booking & registration
Open for unit reservation
Construction phase
Active development
Expected completion
Jun 2031

About the project

Worth comparing.

The evidenced factors are mixed.

Avarra by Palace is a premium project by Emaar Properties in Business Bay, created in collaboration with the Palace Hotels + Resorts brand. The complex includes two basement levels, a ground level, eleven podium floors, sixty-four residential floors, and a roof. The project offers apartments ranging from one to four bedrooms, as well as an exclusive six-bedroom penthouse. The architecture follows a contemporary style with an emphasis on large glass surfaces and wide balconies. The dynamic silhouette and panoramic glazing reveal views of the sea, Burj Khalifa, Downtown Dubai, and Business Bay. The interiors feature a warm palette and premium materials characteristic of the Palace brand, creating an atmosphere of privacy and harmony. Amenities include an infinity pool with a terrace, children’s and sports areas, a communal garden, a yoga space, a multifunctional room, and BBQ and picnic areas. The location provides quick access to key destinations: around nine minutes to Burj Khalifa and The Dubai Mall, fourteen minutes to Dubai Creek Harbour, fifteen minutes to Dubai International Airport, and about thirty minutes to Dubai Hills.

Asking price is 53.1% above nearby closed sales (+AED 1,190/sq.ft.)

The developer asks AED 3,430/sq.ft., whereas comparable homes in Business Bay sold for a median of AED 2,240/sq.ft. (~AED 940,288 higher for the same area).

Amenities

Adults’ Pool
Arbour
BBQ
Children’s Pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Floating Deck with Sunbeds
Indoor Multipurpose Space
Infinity Pool
Kids’ Play Area
Landscaped Garden
Leisure Areas
Lift
Lobby
Open-Air Gym
Outdoor Multipurpose Space
Picnic Area
Pool Deck
Recreational Areas
Resting Areas
Retail Outlets
Shared Gym & Fitness Centre
Shared Pool
Sitting Area
Social Zone
Sunken Seating
Walking Paths
Yoga Area

Units

from developer

1 BR

Floor plan not published by source

790 sq.ft · AED 3,430 / sq.ft

From AED 2.71M

2 BR

Floor plan not published by source

Size on request

Price on request

3 BR

Floor plan not published by source

Size on request

Price on request

4 BR

Floor plan not published by source

Size on request

Price on request

Floor plans & layouts

Floor plans not yet published by developer

Request the latest developer brochure and unit floor plan sheets on WhatsApp.

Request floor plans

Price comparison & DLD history

8-Factor Evidence Breakdown

7/8 factors backed by verified evidence (82% weight coverage) · skid-geo-v3.0-8factor

6.5/ 10

Historical DLD Transaction Context

Asking price is 53.1% higher than nearby completed homes (+AED 1,190/sq.ft.)

53.1% above comparable sales

The developer asks AED 2,709,888 (~AED 3,430/sq.ft. for a published 790 sq.ft. starting unit), while comparable residential homes in Business Bay sold for a median of AED 2,240/sq.ft. (AED 1,769,600 for the same size).

1. Published Asking Price

AED 3,430 / sq.ft.

AED 2,709,888 starting price · 790 sq.ft.

2. Historical Nearby Closed Sales

AED 2,240 / sq.ft.

~AED 1,769,600 for the same size

3. Spread vs Historical Median

+AED 1,190 / sq.ft. (+53.1%)

+AED 940,288 vs historical median

Show bar comparison & transaction context

Published Launch AskAED 3,430 / sq.ft.

Historical Nearby Closed Sales MedianAED 2,240 / sq.ft.

Historical transaction context: The asking rate is 53.1% (~AED 940,288 on a 790 sq.ft. unit) above recent nearby completed homes in Business Bay. Paying above recent nearby transactions increases your upfront entry basis—local secondary prices would need to sit at least 53.1% higher—plus ~4%–6% in registration and resale costs—at handover just to match today's baseline.

Get an available quotation

Select a verified unit bucket to inspect published pricing and payment milestones.

Down payment10%

AED 271K

At booking

During construction80%

AED 2.17M

Construction milestones

On handover10%

AED 271K

Handover Jun 2031

View full 8-factor score breakdown & recent DLD sales

Key takeaways before you buy

Plain-language summary of pricing, payment terms, and delivery outlook

Bottom Line

Asking price is 53.1% above nearby closed sales (+AED 1,190/sq.ft.)

The developer asks AED 3,430/sq.ft., whereas comparable homes in Business Bay sold for a median of AED 2,240/sq.ft. (~AED 940,288 higher for the same area). (Verified Fact · Verified DLD Sales)

Pricing vs. Closed Sales

+53.1% (+AED 1,190/sq.ft.)

Asking price is 53.1% above nearby closed sales (+AED 1,190/sq.ft.)

The developer asks AED 3,430/sq.ft., whereas comparable homes in Business Bay sold for a median of AED 2,240/sq.ft. (~AED 940,288 higher for the same area).

Why this matters: The asking rate is 53.1% (~AED 940,288 on a 790 sq.ft. unit) above recent nearby completed homes in Business Bay. Paying above recent nearby transactions increases your upfront entry basis—local secondary prices would need to sit at least 53.1% higher—plus ~4%–6% in registration and resale costs—at handover just to match today's baseline.

Payment-Plan Exposure

90/10 Split

High pre-handover capital commitment: 90% due before completion

The published payment schedule requires 90% of the contract price (~AED 2,438,899) during construction, with 10% due at or after handover.

Why this matters: Front-loaded installment schedules increase capital tied up while the building is unfinished; confirm that milestones are linked to certified construction progress rather than calendar dates.

Handover Horizon (Potential Risk)

~5.2 Yrs (2031-06)

Estimated ~5.2-year horizon until 2031-06 target handover (~62 months)

Target completion is scheduled for 2031-06. SKID does not assume or predict developer delays, but a ~5.2-year construction window carries potential schedule and market-cycle exposure.

Why this matters: Capital committed during construction remains illiquid until handover, and multi-year timelines carry potential exposure to contractor pacing, phased delivery, and market shifts.

SKID intelligence

How does this project compare across all 8 factors?

Evidence Coverage: 7/8 factors (81.8%)
Methodology: skid-geo-v3.0-8factor

How SKID scores & compares projects

Last evaluated: 2026-11-02

Strong

• Established Tier-1 UAE master developer track record
• 1267 closed sales in the last year in this community

Watch

• Established prime district
• Handover is more than three years out

Risk

• Heavy competing supply: 31 other launches in Business Bay
• 10% of the price is due at or after handover
• Service charge published at 20

See all 8 scoring factorsWhy SKID gave it 6.5

Why SKID gave it 6.5

Location

Weight: 29.6%

7.3/ 10

Established prime district

Entry price

Weight: 18.2%

Insufficient evidence (N/A)

Published starting price vs historical DLD closed sales median is +53.1% (excluded: > 50% above historical ready stock)

Developer

Weight: 22.2%

8.2/ 10

Established Tier-1 UAE master developer track record

Supply / competition

Weight: 14.8%

3.6/ 10

Heavy competing supply: 31 other launches in Business Bay

Payment plan

Weight: 14.8%

4.2/ 10

10% of the price is due at or after handover

Delivery risk

Weight: 7.4%

6.7/ 10

Handover is more than three years out

Exit liquidity

Weight: 7.4%

8.6/ 10

1267 closed sales in the last year in this community

Service charges

Weight: 3.7%

5.5/ 10

Service charge published at 20

Factor	Weight	Score
Location Established prime district	29.6%	7.3/ 10
Entry price Published starting price vs historical DLD closed sales median is +53.1% (excluded: > 50% above historical ready stock)	18.2%	Insufficient evidence (N/A)
Developer Established Tier-1 UAE master developer track record	22.2%	8.2/ 10
Supply / competition Heavy competing supply: 31 other launches in Business Bay	14.8%	3.6/ 10
Payment plan 10% of the price is due at or after handover	14.8%	4.2/ 10
Delivery risk Handover is more than three years out	7.4%	6.7/ 10
Exit liquidity 1267 closed sales in the last year in this community	7.4%	8.6/ 10
Service charges Service charge published at 20	3.7%	5.5/ 10

Recent sales nearby

Date	Type	Price	Sq ft	AED / sq ft
2026-07-07	Ready · Apartment	AED 1.3M	655	1,985
2026-07-07	Ready · Apartment	AED 1.64M	782	2,092
2026-07-07	Off-plan · Apartment	AED 18M	5,619	3,203
2026-07-07	Off-plan · Apartment	AED 10.02M	3,287	3,048
2026-07-07	Ready · Apartment	AED 1M	486	2,059
2026-07-07	Ready · Apartment	AED 2.05M	1,747	1,174
2026-07-07	Ready · Apartment	AED 1.5M	830	1,808
2026-07-07	Off-plan · Apartment	AED 2.23M	1,009	2,205
2026-07-06	Ready · Apartment	AED 2.15M	1,165	1,845
2026-07-06	Ready · Apartment	AED 1.29M	632	2,040
2026-07-06	Ready · Apartment	AED 2.59M	1,667	1,553
2026-07-06	Ready · Apartment	AED 1.4M	929	1,507
2026-07-06	Ready · Apartment	AED 920K	402	2,289
2026-07-06	Off-plan · Apartment	AED 3.5M	1,667	2,097
2026-07-06	Ready · Apartment	AED 1.28M	990	1,288
2026-07-06	Off-plan · Apartment	AED 1.28M	454	2,809
2026-07-06	Off-plan · Apartment	AED 1.45M	1,028	1,410
2026-07-06	Ready · Apartment	AED 1.85M	1,523	1,212
2026-07-06	Ready · Apartment	AED 1.32M	829	1,592
2026-07-06	Off-plan · Apartment	AED 1.5M	574	2,614
2026-07-06	Off-plan · Apartment	AED 2M	1,002	1,995
2026-07-03	Ready · Apartment	AED 660K	483	1,367
2026-07-03	Ready · Apartment	AED 1M	528	1,894
2026-07-03	Ready · Apartment	AED 1.6M	1,066	1,501

Closed sales in this community. These are not this tower's own contracts unless the record says so.

Location

Dubai, Business Bay, Avarra by Palace

Interactive map ready (1 verified location)

· Business Bay, Dubai

View project

Living in Business Bay

Historical DLD Median

AED 2,240 / sq.ft

Historical DLD Sample

1245 closed sales

Ownership

Freehold

Frequently asked questions

Is Avarra by Palace a good off-plan investment in Business Bay?

Avarra by Palace in Business Bay (Dubai) scores 6.5/10 (compare) on the independent SKID 8-factor off-plan model across 82% evidenced factor weight. Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: exit liquidity. Weakest: supply. Historical DLD Closed Transactions: matched closed sales in Business Bay record a median of AED 2,240/sqft across 1245 verified transactions. Reviewed by SKID Investment Research Engine (as of 2026-11-02).

Who is building Avarra by Palace?

Emaar Properties is the developer named on this launch.

When is handover for Avarra by Palace?

The published handover is Jun 2031.

What is the starting price of Avarra by Palace?

The published starting price is AED 2.71M.

What does the SKID screen mean for Avarra by Palace?

The SKID screen for this launch in Business Bay is 52 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.