DAMAC Riverside Dubai Investment Park 2

DAMAC Riverside is DAMAC Properties' master community in Dubai Investment Park 2, launched in 2024 around an artificial river: about 1,900 townhouses of 4 and 5 BHK in three clusters — Ivy, Lush and Sage — in rows of at most four, with the Riverside Views apartment buildings alongside. Townhouses of 2,297 to 3,407 sq ft start at AED 1.99 million (about Rs 5.12 crore), about AED 866 per sq ft, on a 70/30 plan with handover on record for Q4 2027. The apartments start at AED 888,000 for a 1 BHK and hand over in 2028 to 2029.

The catalogue row carries no community, price or date, so this page follows the search trail. The standout is the rate, below anything DAMAC asks at DAMAC Hills or DAMAC Lagoons, with the launch figure already a AED 2.73 million average resale ask on Bayut. The number that cuts the other way: the entry townhouse stops AED 10,000 short of the Golden Visa line.

At a glance

Price and unit pricing

The sources agree on the shape and differ on the edges. The townhouse entry is AED 1.9 million on the Q2 2024 launch pages and AED 1.99 million on current agency and portal pages, the figure this page carries; two pages quote AED 2.4 to 2.95 million, which reads as the 5 BHK or a later release, and the source listing prints no price. On size, one page prints "from 1,550 sq ft", which would put the rate near AED 1,280 — DAMAC's floor plan with the built-up area settles it, and the developer's own layouts blog supports 2,297.

DAMAC Hills sits near a AED 1,060 per sq ft median on our Trump Estates research and its BelAir first release asks about AED 1,520, so AED 866 is the discount for DIP 2's address and a later handover. The real signal is resale: Bayut's lowest 4 BHK ask is 8% above the developer entry and the average 37%, sixteen months after launch.

Payment plan and total cost

70/30 is the plan most sources print — 10% on booking, 60% through construction, 30% at handover — and it is the one worked below. Also in print: a 75/25 with 1% monthly instalments and a 5/70/25; the SPA names the one that applies to your cluster. On the AED 1,990,000 entry townhouse:

The construction slice is about AED 79,600 a month over the 15 months to Q4 2027 if spread evenly, and with the site at 38% a buyer joining now will find several milestones already due at booking. Ask for the 75/25 schedule too and compare the cash due in the first 90 days.

Service charges are not published. On Oliva's 2026 figures DAMAC Lagoons runs AED 6 to 9 per sq ft a year and DAMAC Hills AED 7 to 12; at AED 8 the entry townhouse costs about AED 18,400 a year to hold, and the river and amenity spine argue for the top of the range.

Location and connectivity

Dubai Investment Park 2 is the southern half of DIP, off Sheikh Mohammed Bin Zayed Road and Expo Road, between Expo City Dubai and Jebel Ali. It is a working district of warehouses, showrooms, schools and the Green Community villas, 15 minutes from Jebel Ali Port and Free Zone. Agency estimates put Expo City at 10 to 15 minutes, Al Maktoum International Airport (DWC) at about 20, Dubai Marina at 25 to 30 and Downtown and DXB at 35 to 40. The nearest metro, Expo 2020 station on the Red Line's Route 2020 branch, is a drive.

Riverside builds its own centre: the artificial river, an amenity spine DAMAC calls the Green Vein, and low-density rows. It is the DAMAC Hills 2 and DAMAC Lagoons bet, with the Expo City and DWC expansion the reason to think the address improves over five years.

At the same money, DAMAC also sells BelAir at DAMAC Hills, where a 3 BHK golf villa in a community that is 85% finished starts at AED 1.87 million for Q2 2028. DIP 2's apartment side is already built: DAMAC's Celestia buildings completed in 2019 and trade as resale. See DAMAC Dubai projects, our guide to property for sale in DAMAC Lagoons, all Dubai projects and the projects page.

Amenities and specifications

Quoted: the artificial river with floating sports and a floating opera stage, and the Green Vein with hydroponic farms, culinary classes, a Zen spa, calisthenics stations, peace rooms, a clubhouse, an amphitheatre, a games zone and a children's adventure area. The townhouses are two-storey, with private gardens; Riverside Views is 1 and 2 BHK apartments overlooking the river.

Not published: the fit-out and appliance schedule, plot sizes, parking, apartment sizes, which amenities sit in which cluster, the service-charge budget, the escrow bank or the cluster project numbers. Get built-up and plot areas separately; an end unit in a row of four is worth more than a middle one.

About the developer

DAMAC Properties, founded by Hussain Sajwani in 2002, is the largest private developer in the UAE. It reports more than 50,000 homes handed over, over 54,000 under construction, a pipeline above 55,000 and USD 2.72 billion (about AED 10 billion) of construction contracts awarded in the first half of 2026. It handed over 8,800 homes in 2026, about 6,300 of them at DAMAC Lagoons, the community Riverside most resembles.

The other half is timing: DLD data cited on our other DAMAC pages shows an average delay of 6 to 12 months on DAMAC projects delivered in 2023 and 2024. Riverside's 38% progress with 15 months to run is the figure to watch on the Dubai REST app, and the SPA's completion clause and grace period are what a buyer holds.

For Indian buyers

Ownership. Dubai Investment Park 2 is freehold, with the title deed in your name. There is no annual property tax and no VAT on a residential sale, so the government cost is the 4% DLD transfer fee — AED 79,600 on the entry townhouse — plus the AED 40 Oqood fee and trustee charges.

Golden Visa and remittance. At AED 1,990,000 the entry townhouse misses the AED 2 million threshold by AED 10,000, the closest miss on any page we write; almost any 5 BHK or resale clears it. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year, and AED 1.99 million is about USD 542,000: three allowances for one person, or two financial years for a couple, and the 15-month plan can be timed across the April year-change. Tax collected at source above the current threshold is credited against your Indian tax.

Yield and exit. Nothing lets before 2028. An agency pricing analysis quotes 7 to 8% gross for DIP townhouses and up to 9% for apartments — a projection, not a record — before about AED 18,400 of service charge. On exit, about 1,900 townhouses handing over in 2027-2028 is every seller's competition. Rent and capital gains are taxable in India for a tax resident: rent as income from house property with the standard 30% deduction, and the townhouse goes into Schedule FA of your return.

Pros

• About AED 866 per sq ft is among the lowest villa rates DAMAC prints anywhere in Dubai
• Bayut's 4 BHK resale asks average about AED 2.73 M against the AED 1.99 M entry, so the launch price has already moved
• A 70/30 plan with 30% at the keys, or a 75/25 with 1% monthly instalments
• Construction at 38% with 15 months to run, ahead of most DAMAC launches at this price
• DAMAC handed over about 6,300 homes at DAMAC Lagoons in 2026, a community of the same type
• Rows of at most four townhouses, lower density than the DAMAC Lagoons and DAMAC Hills 2 clusters

Cons

• The AED 1.99 M entry misses the Golden Visa threshold by AED 10,000
• About 1,900 townhouses plus the Riverside Views apartments arrive in one district in 2027-2029
• DIP 2 is an industrial-and-logistics district; the river and amenities are the community's own
• No metro within walking distance; Expo 2020 station is a drive
• Three payment plans, two townhouse size ranges and two apartment completion dates are in print
• DAMAC's 2023-2024 deliveries ran 6 to 12 months late, and no source prints the cluster project numbers or the escrow bank

Who this is for

• Families who want a 4 or 5 BHK townhouse for about AED 2 million and can wait until late 2027
• Buyers pricing by the square foot
• Indian buyers who want the 1% monthly plan spread over two LRS years
• Investors betting on the Expo City and DWC corridor over the next five years

Who should look elsewhere

• Golden Visa buyers on the entry townhouse — pay AED 2 M or more
• Buyers who need an established address today
• Anyone who needs a metro within walking distance
• Yield-first investors who will not wait for 1,900 townhouses to let up from 2028

Our verdict

DAMAC Riverside is priced to move, and it has moved: the cheapest DAMAC villa rate we track, a launch price already well below Bayut's resale asks, and a site ahead of most launches at this price. The buyer is paying for the community DAMAC is building — the river, the amenity spine, the low-density rows — because DIP 2 is a logistics district and the metro is a drive. Two numbers to hold onto: the AED 10,000 Golden Visa miss, and about 1,900 townhouses plus apartments handing over across 2027-2029, the supply every resale will compete with. Get the cluster, the plan and the completion date in writing, and treat Q4 2027 as late 2027 to 2028 on DAMAC's record.

A reasonable buy for a family that wants a 4 or 5 BHK townhouse for about AED 2 million and can wait for the keys, and for a buyer who prices by the square foot; spend AED 10,000 more if the Golden Visa matters. Not for anyone who needs an established address, a metro, or rent before 2028.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of DAMAC Riverside?

4 BHK townhouses start at AED 1,990,000, about Rs 5.12 crore or USD 542,000, or about AED 866 per sq ft. The Q2 2024 launch price was AED 1.9 million, and Bayut's 4 BHK resale asks run AED 2,149,900 to 4,325,000. Riverside Views apartments start at AED 888,000 for a 1 BHK and AED 1.42 million for a 2 BHK.

What is the payment plan for DAMAC Riverside?

Most sources print 70/30: 10% on booking, 60% through construction and 30% at handover; a 75/25 with 1% monthly and a 5/70/25 are also quoted. On the entry townhouse the total with the DLD fee is about AED 2.07 million.

When is the handover for DAMAC Riverside?

Q4 2027 on record for the townhouses, with construction reported at 38%. Riverside Views apartments are later: May 2028 on one source and Q1 2029 on another. Get your cluster's completion date into the sale and purchase agreement.

What are Ivy, Lush and Sage?

The three townhouse clusters that make up the community. They are separate DLD registrations with their own escrow accounts, so the contract should name the cluster and the plot.

Does DAMAC Riverside qualify for a Golden Visa?

Not at the entry price, which is AED 10,000 short of AED 2 million. Almost any 5 BHK, any resale at Bayut's average and any larger plan clears it. Confirm with the Dubai Land Department how the threshold is assessed on an off-plan purchase.

What are the service charges and the rental yield at DAMAC Riverside?

None published. At AED 8 per sq ft, between the DAMAC Lagoons and DAMAC Hills ranges, the entry townhouse costs about AED 18,400 a year. An agency quotes 7 to 8% gross for DIP townhouses, but nothing lets before 2028.

How does an Indian buyer pay for it?

DIP 2 is freehold, so the title deed is in your name. About USD 542,000 is three years of the USD 250,000 Liberalised Remittance Scheme allowance for one person, or two for a couple. Rent and capital gains are taxable in India for a tax resident.

Compare with other Dubai projects

Also in Dubai Investment Park 2: Celestia by Damac (from AED 435,000, ready) and The Field at Damac Hills (from AED 4,800,000, ready).

More by DAMAC: The Legends at DAMAC Hills (from AED 2 M, off-plan), Violet Phase 3 (from AED 1,911,000, handover 2027) and Marbella Townhouses (from AED 1.9 M, off-plan).

A similar budget elsewhere in Dubai: Raya Townhouses (from AED 1.95 M, off-plan), Lillia at The Valley (from AED 2,050,000, handover 2027) and Monte Carlo Townhouses (from AED 1.9 M, off-plan).

Read next: DAMAC Projects in Dubai: Prices, Clusters and the Delivery Record · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · Villas and Townhouses for Sale in Dubai: Prices and Returns. Every Dubai project we track is listed on the Dubai section.