5 Bedroom Townhouse in DAMAC Riverside, DIP 2, 10.8% Below OP

Property Overview

This five-bedroom townhouse in DAMAC Riverside, Dubai Investment Park 2, is offered as a distress resale at AED 3,300,000 against an agent-stated original purchase price of AED 3,700,000, which is AED 400,000 or 10.8% below OP. The agent lists a built-up area of 3,400+ sq ft on a 2,300+ sq ft plot, states 59% has been paid and gives Q4 2027 for handover.

Property Highlights

• Property type: Townhouse
• Bedrooms: 5
• Built-up area: 3,400+ sq ft (agent-stated)
• Plot size: 2,300+ sq ft (agent-stated)
• Asking price: AED 3,300,000
• Original purchase price: AED 3,700,000 (agent-stated)
• Saving vs OP: AED 400,000 (10.8%)
• Price per sq ft: approx. AED 971 or less (calculated on 3,400 sq ft)
• Amount paid: 59% of OP (agent-stated)
• Handover: Q4 2027 (agent-stated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 3,700,000 and an asking price of AED 3,300,000. The difference is AED 400,000, which is 10.8% of the original price.

Calculation

• AED 3,700,000 minus AED 3,300,000 = AED 400,000
• AED 400,000 / AED 3,700,000 = 10.8% below OP
• AED 3,300,000 / 3,400 sq ft = approx. AED 971 per sq ft; because the BUA is stated as 3,400+ sq ft, the true rate may be slightly lower

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

Payment Position

The agent states 59% of the purchase price has been paid. If that percentage applies to the AED 3,700,000 original price, the seller has paid approximately AED 2,183,000 and around AED 1,517,000 remains payable to DAMAC. On that basis, a buyer would pay roughly AED 1,783,000 to the seller and take over the remaining DAMAC balance. These figures are DPF estimates; buyers should confirm the exact amounts from the DAMAC statement of account.

About the Project, Developer and Community

DAMAC Riverside is a townhouse community by DAMAC Properties in Dubai Investment Park 2, made up of several themed clusters. Published information for the community lists amenities including children's playgrounds, a clubhouse, sports courts, green spaces, wellness facilities, an outdoor cinema and yoga decks.

Layout and Handover

The agent confirms a five-bedroom townhouse with a 3,400+ sq ft BUA on a 2,300+ sq ft plot and Q4 2027 handover. The cluster name, exact sizes, bathroom count, parking and orientation were not supplied and should be confirmed from the SPA and floor plan.

Location and Connectivity

Dubai Investment Park 2 sits off Sheikh Mohammed Bin Zayed Road and Emirates Road, with road connections towards Jebel Ali, Dubai South, Al Maktoum International Airport and Expo City Dubai. Travel times depend on traffic and the unit's position within the community.

Verification Notes

• Agent-supplied facts: community, five bedrooms, 3,400+ sq ft BUA, 2,300+ sq ft plot, OP AED 3,700,000, asking price AED 3,300,000, 59% paid and Q4 2027 handover.
• Calculated by DPF: savings amount, savings percentage, price per sq ft and estimated paid and remaining amounts.
• External research: developer and community overview.
• Not supplied: cluster name, exact sizes, bathrooms, parking and service charge.