Description
DAMAC Riverside Dubai is an off-plan townhouse and villa project by DAMAC Properties in Dubai Investment Park, which the developer’s page shows with one unit record, a five-bedroom of up to 3,408 sq ft, and a handover tile reading Q2 2028. This profile of DAMAC Riverside Dubai reads the developer’s page next to Property Finder, Bayut and Khaleej Times as they stood on 13 November 2026. Where they differ on handover, prices or payment plans it shows each figure with its source and does not choose one.
Contents
DAMAC Riverside Dubai: what the project is
On its project page, DAMAC Properties calls DAMAC Riverside an off-plan project and says it will offer 4 and 5-bedroom townhouses in multiple layouts. The only unit card on the page shows 5 bedrooms, the type “villa”, a size of up to 3,408 sq ft (about 316.6 m², calculated at 0.092903 m² per sq ft), a handover of Q2 / 2028 and a “Golden Visa” label that the page does not explain. All of this was read on 13 November 2026.
The page describes a master community of 10 million sq ft with 1,902 villas and townhouses and 4,490 residential apartments. Those are community-wide figures, not a count for this project. The apartment phase of the community, DAMAC Riverside Views, has its own profile in this portfolio and its own dates and prices.
The page names nine amenity features: Malibu Cove, an essential oils lake, a peace room, floating sports, calisthenics stations, cooking stations, an island restaurant, Adventure Land and a floating stage. Each gets one line of description. The page gives no sizes, opening dates or arrangement for who uses them.
| DAMAC Riverside Dubai key facts | As published (13 November 2026) |
|---|---|
| Developer | DAMAC Properties (damacproperties.com) |
| Location | DAMAC Riverside community, Dubai Investment Park, Dubai, per the developer; Dubai Investment Park 2 (DIP 2) per Property Finder and Bayut |
| Coordinates in the page data | 24.97704, 55.23232 |
| Status | Off-plan, per the developer and Property Finder |
| Handover | Q2 2028 on the developer’s tile; Q4 2027 on Property Finder’s project page; see section 2 |
| Unit types | 4 and 5-bedroom townhouses (developer FAQ); one 5-bedroom villa card (developer); townhouses and villas (Property Finder) |
| Sizes | Up to 3,408 sq ft (developer); 2,297 to 2,420 sq ft for 4-bedroom and 3,407 sq ft for 5-bedroom (Property Finder) |
| Price | No price printed by the developer (the card reads “From Loading…”); portal figures in section 2 |
| Payment plan | Not printed by the developer; Property Finder prints two options |
| Tenure and title | Not stated on the pages read |
| RERA or DLD project number, escrow account | Not published on the pages read |
The sources do not describe the project in the same way. The table below keeps them apart, using the developer’s page and the two Property Finder pages that carry figures for the project and its Olive sub-project. Bayut’s area guide for Ivy, another named part of the community, gives December 2027 as the estimated handover and describes 4 and 5-bedroom townhouses in Dubai Investment Park 2.
| What each source prints | Developer (13 Nov 2026) | Property Finder: DAMAC Riverside (13 Nov 2026) | Property Finder: Olive (13 Nov 2026) |
|---|---|---|---|
| Area | Dubai Investment Park; DAMAC Riverside community | Dubai Investment Park 2 (DIP 2) | Dubai Investment Park 2, filed under Riverside Views |
| Status | Off-plan | Off-plan | Off-plan |
| Handover | Q2 / 2028; 30 June 2028 in the page data | Q4 2027; expected completion 1 December 2027 | Q2 2028; expected completion 30 June 2028 |
| Construction start | Not printed | 14 May 2024 | 2 October 2025 |
| Buildings | Not printed | Text says about 1,900 residences; key information says 2 buildings | 1 building |
| Unit types | 4 and 5-bedroom townhouses (FAQ); one 5-bedroom villa card | Townhouse and villa | Townhouse |
| Sizes | 3,408 sq ft | 2,297 to 2,420 sq ft (4-bed); 3,407 sq ft (5-bed) | 2,297 to 2,420 sq ft (4-bed); 3,407 sq ft (5-bed) |
| Launch price | Not printed (“From Loading…”) | AED 3.6M | AED 4.3M |
| Payment plan | Not printed | Option 1 and Option 2, 20/55/25 | 20/60/20 |
| Government fee | Not printed | 4% | Not printed |
Status and prices of DAMAC Riverside Dubai today
The developer’s page calls the project off-plan and shows no construction percentage. Property Finder gives a construction start of 14 May 2024 for the main project and 2 October 2025 for Olive, also without a percentage. The developer’s page data carries a launch date field of 30 May 2024. These are three different dates for three different things, shown as printed.
On handover, the developer prints Q2 / 2028 on the tile and 30 June 2028 in its page data. Property Finder prints Q4 2027 on its project page and June 2028 on the Olive page.
Bayut prints December 2027 for Ivy, and the data file for this profile records a Property Finder search result giving December 2027 for Lush. The developer’s June 2028 matches the date Property Finder gives for Olive, and December 2027 is the date given for Ivy and Lush. The date that binds a buyer is the one in the sale contract.
On availability, the developer’s page data flags the unit record as available and prints no unit count. The Property Finder search result for Lush, per the data file and not re-opened on 13 November 2026, describes that sub-project as sold out. Both statements are reported as printed. Neither is confirmed here as a statement about stock.
The developer’s card reads “From Loading…” because the price is filled in by script after the page loads. The page data holds two large whole numbers that are not prices as printed. Read as AED amounts multiplied by 100, which is an inference and not a printed figure, they give AED 4,337,000 and AED 4,485,000. The Olive page on Property Finder prints a launch price of AED 4.3M, which matches the lower figure when rounded. USD figures below are arithmetic at the pegged rate of 3.6725 per USD.
| Price indication (13 November 2026) | Unit | AED | USD, at the pegged rate of 3.6725 |
|---|---|---|---|
| Developer page data, inferred by dividing by 100 and matching the Olive launch price on Property Finder | 5-bedroom, 3,408 sq ft | 4,337,000 to 4,485,000 | about 1,180,939 to 1,221,239 |
| Property Finder, DAMAC Riverside page, launch price | 4-bedroom townhouse or villa, 2,297 to 2,420 sq ft | 3,600,000 | about 980,259 |
| Property Finder, DAMAC Riverside page, launch price | 5-bedroom, 3,407 sq ft | 4,100,000 | about 1,116,406 |
| Property Finder, Olive page, launch price (rounded as printed) | Unit not stated beside the figure | 4,300,000 | about 1,170,865 |
| Developer page, price field | All | No price printed (“From Loading…”) | Not applicable |
Property Finder adds that prices, availability and purchase conditions may change frequently. A second search-result text for the main page quotes a launch price of AED 3,626,000, which has not been re-checked. The developer prints no per-sq-ft price and none is shown here. The table gives the range of figures in circulation, not an offer, and the figure that applies to a unit is the one in its reservation form.
| Payment plan | Terms as printed | Source and date |
|---|---|---|
| Developer page | Not printed | damacproperties.com, 13 November 2026 |
| Property Finder, DAMAC Riverside, Option 1 | 20% at sales launch, 55% during construction, 25% on handover | propertyfinder.ae, 13 November 2026 |
| Property Finder, DAMAC Riverside, Option 2 | Same split, with the 55% paid in 10 instalments | propertyfinder.ae, 13 November 2026 |
| Property Finder, Olive | 20% at sales launch, 60% during construction, 20% on handover | propertyfinder.ae, 13 November 2026 |
| Aggregator search results | 75% during construction, 25% on handover (not re-checked) | Search results, 13 November 2026 |
| DAMAC Riverside Views, the apartment phase | 70/30, per Khaleej Times | khaleejtimes.com, 29 January 2025 |
The Khaleej Times article concerns the apartment phase, not this project, and is listed so the 70/30 figure is not read across to the townhouses.
Community and access: Dubai Investment Park 2
Wikipedia describes Dubai Investments Park as a business park area that includes Dubai Investment Park 1 to the west and Dubai Investment Park 2 to the east, with commercial, industrial and residential development. It gives 1995 as the year DIP was established and 2,300 hectares as its area, and places a Dubai Metro station named Dubai Investment Park in the DIP 1 part, on the Route 2020 branch toward the Expo site (Wikipedia, Dubai Investments Park).
The page does not say how far that station is from this project.
Bayut places its Ivy sub-project in Dubai Investment Park 2, reached from Yalayis Street, Jebel Ali to Al Hibab Road (D57) and Emirates Road (E611). The developer’s page data gives the coordinates 24.97704, 55.23232. Wikipedia’s coordinates for the DIP article are 24.98131, 55.17598. Calculated from those two sources, the project point lies about 5.7 km east of the Wikipedia point in a straight line. That is arithmetic on two sources and not a distance either source prints.
The developer’s FAQ lists drive times to malls, clinics, hotels, schools and the airport. The page does not say what traffic or route they assume, so they are the developer’s figures as printed and not checked here.
| Place (per the developer’s FAQ) | Type | Drive time as printed |
|---|---|---|
| DAMAC Mall | Mall | 14 minutes |
| City Centre Me’aisem | Mall | 18 minutes |
| Ibn Battuta Mall | Mall | 19 minutes |
| Dubai Marina Mall | Mall | 22 minutes |
| Dubai Outlet Mall | Mall | 19 minutes |
| American Hospital Mira Clinic | Healthcare | 12 minutes |
| NMC Speciality Hospital | Healthcare | 14 minutes |
| Right Health Al Azhar Clinic | Healthcare | 15 minutes |
| Radisson Hotel DAMAC Hills | Hotel | 13 minutes |
| Rove Expo City | Hotel | 16 minutes |
| ECOS Dubai Hotel | Hotel | 18 minutes |
| South View School Dubai | School | 9 minutes |
| Fairgreen International School | School | 13 minutes |
| Ranches Primary School | School | 13 minutes |
| Al Maktoum International Airport | Airport | 12 minutes, “when operational” |
Property Finder’s project text gives its own list: Dubai Investment Park 10 minutes, Dubai Parks and Resorts 20, Ibn Battuta Mall 15, JBR Beach 25, Palm Jumeirah 20, Dubai Marina 22, and Burj Khalifa and Dubai Mall 30. For Ibn Battuta Mall the two sources print 19 and 15 minutes, a difference between sources and not a correction of either.
Buying off-plan in Dubai: fees, Oqood, escrow and the Golden Visa rule
Dubai regulates off-plan sales through the Dubai Land Department (DLD) and its regulator RERA. The table sets out the main rules, each with its official source, as read on 13 November 2026. The wider process is covered in the off-plan buyers guide and the guide for foreign buyers.
| Topic | What the official source says | Source |
|---|---|---|
| Freehold areas | Foreign ownership in Dubai is permitted in areas designated as freehold; title deeds are issued by the Land Department; Regulation No. 3 of 2006 lists the designated plots | u.ae, buying property in Dubai |
| Registering a project | To register a project the land must lie in freehold or long-term lease areas, and the developer must provide escrow and completion-security arrangements; the service issues a project approval certificate | DLD, register project |
| Registration of the sale (Oqood) | The developer registers the sale in the provisional register through the Oqood portal within 90 days of signing; the page lists 2% of the sale value for the seller and 2% for the purchaser, plus AED 10 knowledge and AED 10 innovation fees, payable by Noqodi wallet or deduction from the escrow account | DLD, register the initial sale |
| Interim register | Law No. 13 of 2008: off-plan dispositions are entered in the Interim Property Register, and a disposition not entered is void; a sale contract signed before the project is approved is null and void | Law No. 13 of 2008 |
| Escrow account | Law No. 8 of 2007: a developer selling off-plan must open an escrow account in the project’s name, used only for construction, with no attachment for the developer’s creditors; 5% is retained for one year after units are registered to purchasers | Law No. 8 of 2007 |
| Payments against construction | Money is released from escrow at construction stages that a trustee engineer verifies on site, as the DLD describes in its FAQ and escrow service page | DLD, FAQ and escrow service |
| Project status | A project’s status, escrow account and developer details can be searched by project name or number in the DLD tool and the Dubai REST app | DLD, project status |
| Service charges | Service charges for jointly owned property are regulated through RERA’s Mollak system, which covers budget approval and a service charge index | Mollak |
| Taxes | The UAE government portal lists no income tax on individuals, 5% VAT, excise tax and corporate tax | u.ae, taxation |
The pages of DAMAC Properties and of Property Finder do not state whether the DAMAC Riverside plots are within a freehold designation, and the sources read do not print a title type. Property Finder lists a 4% government fee, while the DLD service page splits the registration fee 2% and 2% between seller and purchaser. Who bears each part is a contract term to read. The freehold and leasehold guide explains the two forms of title.
On annual taxes, the portal page above lists no annual tax on owning a home; the property tax guide covers the municipality housing fee, which the DLD FAQ places on tenants at 5% of annual rent through the electricity bill. For finance, see the mortgage guide for foreigners.
The developer’s unit card carries a “Golden Visa” label, and its page data has a matching flag. This profile does not claim that any unit qualifies.
The DLD service page for the Golden Visa property route says the property must be worth AED 2 million or more at the time of purchase and describes a 10-year renewable permit, with a bank letter for a mortgaged property.
The u.ae table lists a minimum of AED 2 million for the real estate category but shows 5 years for it. Because the two official pages differ, the duration and the valuation are confirmed with the authority. The Golden Visa guide sets out the process, and the official sources are the DLD page and the u.ae page.
About the developer: DAMAC Properties
DAMAC Properties is headquartered in Dubai. In a 2024 release it says that since its founding in 2002 it has launched over 75 towers and delivered more than 47,000 homes (PR Newswire, 20 November 2024). A release of 4 September 2026 reports more than 50,000 homes handed over, more than 55,000 units in planning and development, and USD 2.72 billion of construction contracts awarded in the first half of 2026 (PR Newswire, 4 September 2026).
The 2024 release names Hussain Sajwani as founder and chairman. Khaleej Times calls Riverside the developer’s sixth master development in its report of 29 January 2025. The developer lists DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, DAMAC Sun City, DAMAC Riverside, DAMAC Islands and DAMAC Islands 2 as master communities. All of these are the developer’s own statements, attributed and not audited here. The DAMAC Properties profile and the Dubai developers directory give more background.
What to ask for in writing before reserving
Before paying a reservation amount, a buyer normally asks for the following in writing and keeps copies.
- The reservation form and the sale and purchase agreement, with the unit number, the cluster or sub-project name (for example Olive, Ivy or Lush, if that is where the unit is) and the plot.
- The handover date as written in the contract, given that the sources print Q2 2028 and Q4 2027, and what the contract says if the date moves.
- The payment schedule with each amount in AED and the option chosen, and the name of the escrow account and its bank.
- The DLD project number and the project registration certificate, checked against the DLD project status tool or the Dubai REST app.
- The title type and whether the plot is in a freehold designation, as the contract states it.
- Which party pays each part of the DLD registration fee and the Oqood fees, and when the sale is registered.
- A service-charge estimate for the community, and what the charge covers.
- The specification of what the finish and fittings include, with the floor plan and the area basis (built-up or gross) for the quoted size.
- The full legal name of the company that signs the agreement and who signs for it.
Frequently asked questions
What is DAMAC Riverside Dubai?
DAMAC Riverside Dubai is an off-plan project of 4 and 5-bedroom townhouses by DAMAC Properties in the DAMAC Riverside community in Dubai Investment Park, per the developer’s page checked on 13 November 2026. The page shows one 5-bedroom unit card of up to 3,408 sq ft. The apartment phase, DAMAC Riverside Views, is a separate project.
When is handover?
The developer prints Q2 2028 (30 June 2028 in its page data). Property Finder prints Q4 2027 for the main project and June 2028 for Olive. Bayut prints December 2027 for Ivy. The sources differ, so the date in the sale contract is the one to rely on.
How much does DAMAC Riverside Dubai cost?
The developer prints no price; its card reads “From Loading…”. Property Finder prints launch prices of AED 3.6M for 4-bedroom and AED 4.1M for 5-bedroom units, and AED 4.3M for Olive. At the pegged rate of 3.6725 per USD that is about USD 980,259, USD 1,116,406 and USD 1,170,865. Prices change, so a written offer is needed.
Is DAMAC Riverside Dubai freehold?
None of the pages read states the title type. The u.ae portal says foreigners may own freehold property in designated areas in Dubai, and the DLD says a registered project must stand on freehold or long-term lease land. Whether this plot is freehold is a point the contract and the title documents settle.
Does a purchase give a Golden Visa?
The label on the developer’s page is not a statement of eligibility. The DLD service page requires a property value of AED 2 million or more at purchase, and the authority decides on its own valuation. Ask the authority before relying on the route.
How are buyers’ payments protected?
Dubai Law No. 8 of 2007 requires a developer selling off-plan to hold buyers’ payments in an escrow account in the project’s name, used for construction. The pages read do not publish this project’s escrow account or DLD project number, so a buyer asks for them and checks them with the DLD.
Other DAMAC projects and nearby Dubai listings
Other DAMAC projects with profiles on this site are listed below with the community or area the developer gives, and then the nearest Dubai listings by area.
| Project | Community or area as printed by the developer | Note |
|---|---|---|
| DAMAC Riverside Views | DAMAC Riverside community, Dubai Investment Park | Apartment phase of the same community |
| DAMAC Lagoon Views | DAMAC Lagoons, Dubailand | Developer page covers several buildings |
| DAMAC Sorrento Lagoon Views | DAMAC Lagoons, Dubailand | Plot not printed |
| DAMAC Islands | DAMAC Islands, Dubailand | Six themed clusters per a DAMAC press release |
| DAMAC Islands 2 | DAMAC Islands 2 community, Dubailand | Plot not printed |
| DAMAC Golf Gate 2 | DAMAC Hills, Dubailand | Plot not printed |
| DAMAC Sun City | DAMAC Sun City community, Dubailand | Coordinates not in the page data |
| DAMAC Elo 2 | DAMAC Hills 2, Dubailand | Plot not printed |
| Existing listing | Area | Note |
|---|---|---|
| Celestia | Dubai South | A DAMAC building, listed on this site |
| Windsor House II | Dubai South | Nearest listing by area |
| Terra Woods at Expo Living | Expo Living | Expo City is among the places in the developer’s drive-time list |
The Dubai market guide gives wider context, and the Dubai city page lists all Dubai listings.
Sources and last check
Last checked: 13 November 2026. Sources:
- DAMAC Properties: DAMAC Riverside project page (damacproperties.com, 13 November 2026)
- Property Finder: DAMAC Riverside (13 November 2026)
- Property Finder: DAMAC Riverside Olive (13 November 2026)
- Bayut: Ivy at DAMAC Riverside area guide (13 November 2026)
- Khaleej Times: Damac launches Riverside project, 29 January 2025
- Wikipedia: Dubai Investments Park
- UAE Government portal: expatriates buying a property in the UAE
- UAE Government portal: Golden Visa
- UAE Government portal: taxation
- Dubai Land Department: request to register the initial sale
- Dubai Land Department: register project
- Dubai Land Department: request to activate an escrow account
- Dubai Land Department: real estate project status
- Dubai Land Department: Golden Visa for investors
- Dubai Land Department: frequently asked questions
- Mollak (DLD and RERA): about
- Dubai Law No. 8 of 2007 on escrow accounts
- Dubai Law No. 13 of 2008 on the Interim Property Register
- PR Newswire: DAMAC Islands release, 20 November 2024
- PR Newswire: DAMAC release, 4 September 2026
This is not legal, tax or financial advice.
Address
Open on Google Maps- City Dubai
- Country UAE
Features
- Barbeque
Contact Information
- Zhamal Abdykozhoeva
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