4-Bedroom Single-Row Townhouse in DAMAC Riverside Sage with Park View Below OP

Property Overview

This is a four-bedroom single-row townhouse in the Sage cluster of DAMAC Riverside, Dubai Investment Park 2, offered as an off-plan resale at AED 2,350,000. The unit has a 2,396 sq ft built-up area on a 1,611 sq ft plot, faces a park directly, and is priced 23.1% below the agent-stated total purchase cost of AED 3,054,480.

Property Highlights

• Asking price: AED 2,350,000
• Agent-stated total purchase cost: AED 3,054,480
• Difference: AED 704,480, or 23.1% below the stated purchase cost
• Built-up area: 2,396 sq ft
• Plot size: 1,611 sq ft
• Price per sq ft (built-up): approximately AED 981
• Bedrooms: 4
• Position: single row with a direct park view
• Expected handover: Q4 2027, as stated by the agent

Why the Price Qualifies as Below OP

The agent brief lists an original price of AED 3,054,480 and a selling price of AED 2,350,000. The difference is AED 704,480. Dividing that by the original figure gives 23.06%, which matches the agent's stated discount and rounds to 23.1%.

The agent describes the AED 3,054,480 benchmark as the total purchase cost. That may include fees such as the DLD registration fee on top of the base unit price, in which case the discount against the base price alone would be somewhat lower. Buyers should check the original SPA and DAMAC statement of account to confirm how the figure is made up.

How the Payment Is Structured

According to the agent, the seller expects roughly AED 864,000, and AED 293,770 is payable to DAMAC as part of obtaining the developer's NOC for the transfer. Together these come to about AED 1,157,770. The agent did not explain the remaining balance of the asking price; it is likely to relate to installments still due to DAMAC, but this must be confirmed from the statement of account before any offer is made.

Buyers should ask for a full breakdown showing the amount paid to date, any overdue amounts, NOC and transfer charges, and the schedule of remaining payments through handover.

About the Project, Developer and Community

DAMAC Riverside is a townhouse community by DAMAC Properties in Dubai Investment Park 2, organised into named clusters, of which Sage is one. The community is still under construction, so amenities, landscaping and park areas should be checked against DAMAC's current master plan rather than marketing images.

Layout, Position and View

The agent confirms a single-row townhouse, meaning the rear of the home is not backed by another row of houses, and a direct park view. Bathroom count, parking and furnishing were not supplied. A built-up area larger than the plot is normal for a multi-storey townhouse.

Handover

The agent states expected handover in Q4 2027. Off-plan completion dates can move, so confirm the current date with DAMAC and the SPA.

Verification Notes

• Agent-supplied facts: cluster, bedrooms, built-up area, plot size, single-row position, park view, handover, purchase cost, asking price and the payment split to owner and DAMAC.
• Calculated figures: the AED 704,480 difference, 23.1% discount and AED 981 per sq ft are DPF calculations from the agent's figures.
• Not supplied: bathrooms, parking, unit number, amount paid to date and the remaining payment schedule.