DAMAC Riverside

DAMAC Riverside is a community that DAMAC is building in DIP 2, the newer residential part of Dubai Investments Park in south-west Dubai. DAMAC describes it as the city's first riverside community: a 10 million sq ft master plan with 1,902 villas and townhouses and 4,490 apartments, laid out along a man-made river with a lagoon beach, floating sports, an island restaurant and a stage on the water. This page covers the townhouses; the apartments are sold separately as DAMAC Riverside Views. DAMAC records the launch as May 2024, and Property Finder records construction starting the same month.

On 13 November 2026 DAMAC's website listed nine five-bedroom homes in the Olive cluster, all of one 3,407 sq ft layout, priced from AED 4,337,000 to AED 4,485,000. These are the units on offer in November 2026, not the full range. DAMAC's card calls them villas, but its FAQ describes the homes here as four- and five-bedroom townhouses, so we list them as townhouses. No four-bedroom homes were offered online that day. Property Finder quotes four-bedroom homes from AED 3.6 million and five-bedroom homes from AED 4.1 million, which we treat as launch figures.

DAMAC's plan PP-648073 (November 2026) for these homes asks for 24% immediately, then 55% in 15 instalments from month 3 to month 17 after purchase, and 25% on completion. The schedule totals 104% because the immediate payment includes the 4% DLD registration fee, so the developer's own split is 20% on booking, 55% during construction and 25% on completion. That is a fast schedule: most of the price is paid within about a year and a half of purchase.

On timing the sources differ. DAMAC's unit card gives handover in the second quarter of 2028, while Property Finder gives the fourth quarter of 2027. Property Finder also showed several other Riverside phases, including Riverside Phase 2, Lush and IVY, as sold out on 13 November 2026, while DAMAC still listed the Olive homes.

Who it suits: families who want a five-bedroom home with a short wait, close to Al Maktoum International Airport. What to weigh: a heavy payment load in the first 17 months, a location inside a mixed industrial and residential park, and a single layout on offer. DAMAC's FAQ puts South View School Dubai about 9 minutes away by car, Al Maktoum International Airport about 12 minutes and Dubai Marina Mall about 22 minutes.