Following is the RERA, Government of Dubai Independent Progress Monitoring Report for Palace Residences.

Inspection Date: 12/11/2019

Palace Residences Project Details

Land Number: 138
Project Number: 2128
Project Name: Palace Residences
Project Location: Al Khairan First
Project Percentage: 3.45%
Real Estate Developer Name: THE LAGOONS PHASE ONE L.L.C
Developer Number: 1038
Master Developer Name: THE LAGOONS PHASE ONE L.L.C
Trust Account Number: 001582149643401
Account Trustee Name: DUBAI ISLAMIC BANK PJSC

Palace Residences Project Status

ACTIVE

Palace Residences Project Status Detail

The project is registered in RERA for off plan sales and the records indicate that the project is under construction and was audited recently.

Palace Residences Project Description

Tower 1 comprises of 4B + G + 46 floors having 587 branded apartment units Tower 2 comprises of 4B + G + M + 9 floors having 121 hotel room units

Palace Residences Inspection Notes

At the time of inspection found enabling contractor mobilized and progressing with enabling works: shoring and excavation at different stages.