Emaar unveils The Palace Residences, the 'Crown Jewel' of Old Town Island

Part of The Old Town Island development, The Palace Residences are a on a class of their own with 65 units, all of them completed and offered for viewing. They are centrally located in Downtown Burj Dubai, with spectacular views of and in close proximity to Burj Dubai, the tallest building in the world; The Dubai Fountain, the world's tallest performing fountain; and The Dubai Mall, the world's largest shopping and entertainment destination.

Customers have the choice of opting to live in or benefit from the lease options provided by The Address Hotels + Resorts, the hotel brand owned by Emaar Hospitality Group. They can lease their unit with The Palace - The Old Town with a range of a la carte services for optimal flexibility. Both initiatives offer attractive returns for the customers.

Mr Ahmed Al Matrooshi, Managing Director - UAE, Emaar Properties, said:

"The Palace Residences is incomparable in the property landscape of Dubai. There is no project as unique as these luxury homes that will appeal to the finer tastes and sensibilities of connoisseurs. Every aspect of the homes has been carefully designed with the highest standards of aesthetics, convenience and space utilization. This complements their central location in Downtown Burj Dubai, the new heart of the city."

He added, "The strong interest in The Palace Residences is testament to the continued demand for exclusive properties by Emaar. The added value of leasing out the homes through the trusted and efficient management of The Address Hotels + Resorts is another key incentive we offer to customers."

The Palace Residences features 65 apartments with entrancing views over the water and all homes have terraces or balconies. Customers have the option of choosing from an array of distinctive layouts, unique floor plans and views. The interiors are embellished with the finest furnishings and finishes. The intricate accessories and décor add to the distinctive touch of class that characterises The Palace Residences.

The homes have decorative cornices and several apartments feature solid wood finishes with leather patterned wardrobes and terraces with Jacuzzi. Master-bedrooms have a separate glass shower cubicle and vanity with marble top, while kitchens are outfitted with built-in appliances.

The lifestyle amenities include valet and concierge service; a private swimming pool with Burj Dubai and The Dubai Fountain in the backdrop; private landscaped garden; private entry lobbies and elevators; fully equipped gymnasium with steam and aerobics rooms; reception room; library lounge; and access to two shared pools and children's play areas.

The homes are set above Souk Al Bahar's two levels of boutique retail outlets and Dubai's finest restaurants & cafes. Residents have the exclusive convenience of designated and secure parking accessible through four cores, located on the first parking floor of Souk Al Bahar.

Residents can also access The Dubai Mall easily through a pedestrian bridge with scenic views over Burj Dubai, The Dubai Fountain, Burj Lake, The Horse by Botero, and two world-class hotels, The Address Downtown Burj Dubai and The Palace - The Old Town.

Lining the Emaar Boulevard - one of the world's finest boulevards - and featuring The Palace - The Old Town, Burj Lake, Burj Dubai, The Dubai Mall, and The Dubai Fountain, The Old Town Island is an established community inspired by Old Arabia with several homes and boutique offices. Customers of The Palace Residences, the epicenter of an iconic destination, become part of a vibrant community set in Downtown Burj Dubai, the heart and soul of Dubai.