Following is the RERA, Government of Dubai Independent Progress Monitoring Report for Palace Residences.
Inspection Date: 12/11/2019
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
The project is registered in RERA for off plan sales and the records indicate that the project is under construction and was audited recently.
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
At the time of inspection found enabling contractor mobilized and progressing with enabling works: shoring and excavation at different stages.