5 Bed Townhouse in DAMAC Riverside Sage, DIP 2 – Off-Plan Resale Below Original Price Plus DLD

Property Overview

This five-bedroom townhouse in the Sage cluster of DAMAC Riverside, Dubai Investment Park 2, is an off-plan resale offered at AED 3,800,000. It has 3,400 sq ft of built-up area on a 2,600 sq ft plot. The agent states an original purchase price of AED 4,700,000, putting the asking price AED 900,000 (19.1%) below OP. AED 1,388,830 has been paid and handover is stated for December 2027.

Property Highlights

• Asking price: AED 3,800,000
• Original purchase price (agent-stated): AED 4,700,000
• Saving versus OP: AED 900,000 (19.1%)
• OP plus 4% DLD fee (calculated): AED 4,888,000
• Saving versus OP plus DLD: AED 1,088,000 (22.3%)
• Built-up area: 3,400 sq ft
• Plot size: 2,600 sq ft
• Rate: approximately AED 1,118 per sq ft of built-up area
• Paid to date (agent-stated): AED 1,388,830
• Handover (agent-stated): December 2027

Why the Price Qualifies as Below OP

The benchmark is the seller's original purchase price of AED 4,700,000, from the agent brief received on 14 October 2026. The asking price of AED 3,800,000 is AED 900,000 lower, equal to 19.1% of OP. The agent describes the deal as below OP plus DLD. Adding the standard 4% DLD fee (AED 188,000) gives AED 4,888,000, so the asking price is AED 1,088,000 (22.3%) below that combined cost. Dividing the asking price by the 3,400 sq ft built-up area gives about AED 1,118 per sq ft.

This compares the price only with the seller's own purchase cost. It is not a claim that the townhouse is below current market value.

About the Project, Developer and Community

DAMAC Riverside is a waterside townhouse and villa community by DAMAC Properties in Dubai Investment Park 2, on the city's southern growth corridor towards Expo City Dubai and Al Maktoum International Airport. The masterplan is arranged in clusters, including Ivy, Sage, Lush and Olive, set among landscaped areas and waterways. It offers four- and five-bedroom homes. Published lifestyle features include water-based recreation, floating dining, outdoor fitness and wellness spaces, and community farming areas.

Layout and Plot

The agent describes a five-bedroom townhouse with 3,400 sq ft of built-up area on a 2,600 sq ft plot. The built-up area is larger than the plot because the home is spread over several floors. Bathroom count, parking, end or middle position and orientation have not been supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent states that AED 1,388,830 has been paid and that handover is expected in December 2027. The remaining balance to DAMAC was not supplied. The project was launched on a plan of 20% on booking, 55% during construction and 25% on handover, so the outstanding amount and the next instalment dates should be taken from DAMAC's statement of account. Confirm the handover date in the SPA before committing.

Location and Connectivity

Dubai Investment Park 2 sits off Sheikh Mohammed Bin Zayed Road and Emirates Road, near Expo City Dubai and Dubai South. Exact travel times depend on the route and time of day and have not been verified for this listing.

Verification Notes

• Agent-supplied facts: project, cluster, property type, bedrooms, built-up area, plot size, asking price, original price, amount paid and December 2027 handover.
• DPF-calculated figures: savings against OP and against OP plus 4% DLD, and price per sq ft.
• External research: clusters, unit mix, lifestyle features, launch payment plan and cluster handover timing, from a secondary property portal rather than an official DAMAC page.
• Not supplied: remaining balance, bathrooms, parking, unit position, unit number and service charge.