Palace Residence Triple Towers in Dubai Hills Estate

In today’s world, Dubai is recognized as one of the most dynamic and attractive real estate markets globally. For international investors, particularly Persian speakers, buying property in Dubai is not just a secure investment; it is a gateway to a privileged lifestyle and the possibility of obtaining UAE residency.

Factors such as tax exemptions on income and capital, a high Return on Investment (ROI) of 8-10% from rentals, and the UAE’s stable economic growth have transformed the city into the “tax haven” and investment hub of the Middle East. Amidst the countless opportunities, branded luxury projects, such as the Palace Residences Hillside in the prime Dubai Hills Estate (DHE), offer the best combination of profitable investment and ideal living.

This guide provides a comprehensive overview of buying an apartment in Dubai, focusing on this unique project and examining all its financial, legal, and residency benefits.

1. Key Advantages of Buying Property in Dubai : Beyond Just a Home

Investing in Dubai’s real estate market offers buyers numerous benefits, which are essential for any successful investment strategy :

• Exceptional Tax Exemptions : Dubai imposes no taxes on income, capital gains, or property. This means that profits generated from renting out the property or its capital appreciation are entirely retained by the buyer.
• Obtaining UAE Residency through Property Purchase : One of the most compelling reasons to buy property in Dubai is the opportunity to receive a renewable residency visa for yourself and your family.
  • 2-Year Residency : By purchasing a property valued at a minimum of AED 750,000 in Freehold areas, you can obtain a 2-year UAE residency visa. (Palace Residences Hillside apartments easily meet this criterion).
  • 10-Year Residency (Golden Visa) : With a minimum investment of AED 2 million, securing a 10-year Dubai Golden Visa becomes possible.
• Thriving Rental Market and High ROI : Due to the high demand from tourists and expatriates, Dubai’s rental market is robust, with the return on investment (ROI) typically ranging between 8% and 10%.
• Investment Security and Legal Transparency : The process of buying property in Dubai is governed by a clear and defined framework, overseen by the Dubai Land Department (DLD), ensuring a secure and legal transaction for all applicants.

2. Dubai Hills Estate (DHE): The Green Heart of Dubai and a Strategic Location

When considering buying an apartment in Dubai, the location plays a critical role in the investment’s value. Dubai Hills Estate (DHE), developed by the prestigious Emaar company, is one of Dubai’s most luxurious and highly-regarded family communities.

2.1. Introducing Dubai Hills Estate: Merging Nature and Modernity

Spanning over 11 million square meters, Dubai Hills Estate is known as the “Green Heart of Dubai” due to its extensive green spaces and tranquil environment. This unparalleled sanctuary seamlessly blends contemporary living with a lush, green landscape. DHE is more than just a residential area; it is a 2,700-acre multipurpose community featuring an 18-hole championship golf course and vast parks like Dubai Hills Park.

2.2. Strategic Location and Unrivaled Access

One of the key advantages of Palace Residences Hillside is its exceptional accessibility. The project is strategically positioned, providing quick access to the city’s main landmarks:

• 10 minutes to Downtown Dubai.
• 10 minutes to Dubai Marina.
• 15 minutes to Dubai International Airport (DXB).
• 5 minutes walk to King’s College Hospital.
• 8 minutes drive to Dubai Hills Mall, a shopping center with extensive facilities, gourmet restaurants, and art cafés.

This location ensures a life for residents that is simultaneously comfortable, dynamic, and serene.

3. Palace Residences Hillside : Redefining Branded Luxury

Palace Residences is a masterpiece by Emaar and the luxury brand Palace Hotels & Resorts, setting a new standard for ultra-luxury living.

3.1. Resort-Style Living

This project is where branded luxury living is seamlessly blended with a resort experience. The collection of apartments in Dubai and townhouses at Palace Residences offers an exclusive stay defined by personalized services and meticulous attention to detail.

Outstanding amenities of the project include:

• Resort Style Pool : Azure pools and sun-drenched areas for relaxation and rest.
• Hillside Park : A vibrant green haven featuring Zen gardens, exclusive social areas, jogging tracks, and fitness stations.
• Sports and Wellness Spaces : Including indoor and outdoor gyms, children’s play areas, and yoga spaces.
• Seamless Living : Convenient access to international schools, nurseries, shopping centers, and fine dining within a complete family-friendly community.

3.2. Luxury Residential Units and Attractive Payment Plans

Palace Residences Hillside comprises a curated collection of 1, 2, and 3-bedroom apartments, alongside elegant and exclusive townhouses. The interior design of these units is a masterful and sophisticated fusion of materials, craftsmanship, and advanced design, inspired by the essence of nature.

• 1-Bedroom Units : Starting price from AED 1.71 Million (approximately $470,000) with sizes ranging between 676 and 772 sq ft.
• Interior Design : Luxurious schemes with earthy tones like beige, green, and brown, creating inviting yet chic spaces that blend seamlessly with the lush surrounding landscapes.

Off-Plan Payment Plan – An Excellent Investment Opportunity :

Emaar’s under-construction projects typically offer highly flexible payment plans that ease the financial burden on the investor. A sample payment plan for this project is as follows :

This (80/20) payment structure allows investors to reserve the property with a small percentage of the total price, with the remaining balance settled throughout the construction period and upon final handover.

4. Steps for Buying an Apartment in Dubai and Associated Costs

For foreign investors, the process of buying property in Dubai is relatively simple and transparent. The steps include:

1. Selecting a Certified Real Estate Consultant : The first step is to collaborate with a specialized real estate consultant in Dubai to determine your property type and budget.
2. Property Selection and Signing the Memorandum of Understanding (MOU)/SPA : After selecting the desired apartment or villa (such as Palace Residences Hillside), the Sale and Purchase Agreement (SPA) is signed with the developer (Emaar).
3. Paying the Downpayment : Making the first installment payment (10% downpayment) according to the developer’s payment schedule.
4. Obtaining the No Objection Certificate (NOC) : In ready projects, this certificate is issued by the developer or management for the transfer of ownership to the buyer.
5. Title Registration with the DLD : The final transfer of ownership is registered with the Dubai Land Department (DLD).

4.1. Ancillary Costs of Property Purchase

The main costs to consider when buying an apartment in Dubai include :

• DLD (Dubai Land Department) Fee : This fee amounts to 4% of the total property value and is paid to the DLD for title registration.
• Real Estate Agency Commission : For “Off-Plan” projects like Palace Residences Hillside purchased directly from the developer (Emaar), the agent commission is typically zero percent as it is covered by the developer.
• Administrative Title Registration Fees : Amounts between AED 5,000 and AED 10,000 for the issuance of the title deed and administrative expenses.

5. Investment Outlook: Is Palace Residences Hillside a Successful Purchase?

Buying an apartment in Dubai Hills Estate is considered a successful investment decision for the following reasons:

1. Price Appreciation Potential : As an established, luxurious area with complete facilities (golf, park, mall, schools, and hospital), DHE guarantees stable growth in property value.
2. Emaar and Palace Branding : Buying from the largest real estate developer outside of China and the luxury Palace brand ensures world-class construction quality and long-term capital preservation.
3. Residency Visa Eligibility : Given the starting price of 1-bedroom units at AED 1.71 million, the property easily qualifies buyers for the 2-year Dubai residency visa (above AED 750K) and, for larger unit purchases, the 10-year Golden Visa (above AED 2M).

6. Conclusion : The Final Step Towards a Green and Luxury Future in Dubai

Palace Residences Hillside is an exceptional opportunity for investors looking to buy property in Dubai to merge a smart investment with a luxury lifestyle. Located in the “Green Heart of Dubai,” with stunning designs, resort-style amenities, and the backing of esteemed brands like Emaar and Palace, it guarantees high value, quality, and return.

If you are looking to buy an apartment in Dubai with the goal of obtaining residency and securing profit in a family-friendly, luxurious, and highly accessible environment, Palace Residences Hillside is your ultimate choice. Contact us now to secure your investment future in Dubai!