5BR Townhouse in Ivy, Damac Riverside at AED 4,000,000 - 4.8% Below OP, BUA 3,422 sqft

Property Overview

A 5-bedroom townhouse in the Ivy cluster, Damac Riverside at AED 4,000,000 for a BUA of 3,422 sqft on a plot of 2,363 sqft. The price per sqft (based on BUA) is AED 1,169. The original purchase price was AED 4,200,000, representing a saving of AED 200,000 (4.8%). Off-plan with handover targeted for Q4 2027.

Property Highlights

• Type: 5-bedroom townhouse (plus maid room)
• Built-up area: 3,422 sqft
• Plot size: 2,363 sqft
• Asking price: AED 4,000,000
• Original price: AED 4,200,000
• Saving: AED 200,000 (4.8%)
• Rate: AED 1,169 per sqft (BUA)
• Bathrooms: 7
• Handover: Q4 2027

Below OP Analysis

At AED 4,000,000 vs AED 4,200,000 OP, the saving is AED 200,000 (4.8%). Including the 4% DLD fee on the original purchase (approximately AED 168,000), the seller's total loss is approximately AED 368,000.

Market Comparison

Active listings for 5BR Ivy townhouses:

• Bayut: AED 3,500,000 (BUA 3,407 sqft, plot 2,587 sqft)
• Bayut: AED 3,580,000 (BUA 3,422 sqft)
• Bayut: AED 3,690,000 (BUA 3,422 sqft)
• Bayut: AED 4,012,000 (BUA 3,422 sqft, plot 2,364 sqft)
• Property Finder: AED 4,200,000 (BUA 3,422 sqft, plot 2,364 sqft, described as selling at OP)

The asking price of AED 4,000,000 sits in the middle of the active listing range. The lowest comparable is AED 3,500,000 (for a slightly different layout with larger plot). Across all Damac Riverside clusters, 5BR townhouses average approximately AED 4,118,771.

DLD Transactions

Recent DLD pre-registration sales for 5BR units in Damac Riverside:

• 1 Oct 2026: AED 4,570,000 for 3,292 sqft (AED 1,390 per sqft)
• 29 Sep 2026: AED 5,120,000 for 3,146 sqft (AED 1,630 per sqft)

At AED 1,169 per sqft, this listing is 15.9% below the lower DLD transaction rate (AED 1,390) and 28.3% below the higher (AED 1,630). However, DLD-registered transactions may include different clusters, plot positions or premium features. The comparison is directional rather than exact.

About the Ivy Cluster

Ivy is one of the original townhouse clusters in Damac Riverside, alongside Lush and Sage. It contains 594 townhouses in 4BR and 5BR configurations. 5BR townhouses have a standard BUA of 3,407 to 3,422 sqft with plot sizes of 2,363 to 2,587 sqft depending on unit position. The cluster shares house designs with Lush and Sage. A newer cluster, Olive, was launched in October 2025 under the Riverside Views sub-development.

About Damac Riverside

Damac Riverside is a master-planned townhouse community by Damac Properties in Dubai Investment Park 2 (DIP 2), off Yalayis Street between Al Maktoum International Airport (15 minutes) and Expo City Dubai (12 minutes). The community has approximately 1,900 townhouses across multiple clusters. It is divided into two thematic zones: Green Vein (hydroponic farms, BBQ stations, private gardens) and Water Vein (floating sports, splash climbing, water lagoons, waterfront promenades). Architecture draws inspiration from Rome, Paris, London, New York and Amsterdam.

Construction and Handover

The broader Damac Riverside community is approximately 38% complete. The Ivy cluster targets Q4 2027 (December 2027) for handover. Damac Properties has historically delivered 6 to 12 months behind stated timelines. The payment plan is approximately 20/55/25 (20% booking, 55% during construction, 25% on handover). Buyers should verify the remaining payment obligations and current construction progress.

Verification Notes

The asking price, OP, BUA, plot size and distress status are from the agent brief. The BUA of 3,422 sqft and plot of 2,363 sqft are confirmed across multiple Ivy listings. The 4.8% saving is verified (4,200,000 minus 4,000,000 = 200,000). Q4 2027 handover is confirmed for the Ivy cluster. Buyers should confirm the unit position (end, corner or middle), remaining payment schedule and exact plot orientation.