New Villa Projects in Dubai: DAMAC Riverside and DAMAC Islands

Dubai continues to develop with large-scale new-build projects, and DAMAC Riverside and DAMAC Islands are recent examples of this. These two townhouse communities are attracting significant attention from investors. What can you expect in terms of price, location, and potential?

Prices and Dimensions

The starting prices for the properties are:

• 2.7 million AED for a 4-bedroom home (approx. 200 m2)
• 3.7 million AED for a 5-bedroom home (approx. 300 m2)

View all information on DAMAC Riverside and DAMAC Islands, including complimentary brochures.

Payment Plan and Handover

The payment plan for a 4-bedroom home is structured as follows:

• 20% down payment: 540,000 AED
• Followed by 1% per month: 27,000 AED per month
• Every six months, 5%: 135,000 AED
• The remaining 25% upon key handover: 675,000 AED

The handover of the properties is scheduled between the second and fourth quarter of 2029. This means payments can be spread out over several years.

Location

DAMAC Islands is located near Global Village and Emirates Road. DAMAC Riverside is situated in the same region. The future Al Maktoum International Airport is also under construction nearby, which is likely to make the area more attractive and could potentially increase the value of surrounding real estate.

Historical Examples of Value Appreciation

Previous projects by DAMAC, such as the Santorini homes in DAMAC Lagoons, demonstrate the potential for significant capital growth. These properties were originally sold for 1.6 million AED and are now valued at around 3 million AED. An increase of nearly 100% within three years.

Other townhouses sold in 2021 for approximately 1.4 million AED are now being offered for around 3 million AED. This indicates that townhouses in Dubai can be an interesting investment asset, though it does not, of course, guarantee future appreciation.

Scarcity and Popularity

Approximately 85% of Dubai's housing stock consists of apartments. Only 15% of the housing supply comprises villas and townhouses. Due to this limited availability, demand is high and supply is low, which can drive prices upwards.

Conclusion

DAMAC Riverside and DAMAC Islands are promising projects for those looking to invest in Dubai's scarce townhouse market. With a long payment schedule, an attractive location, and demonstrated value appreciation in previous projects, these are options worth considering.