4 Bedroom Townhouse in Ivy, DAMAC Riverside – Off-Plan Resale

Property Overview

This is a four-bedroom off-plan resale home in the Ivy cluster of DAMAC Riverside, Dubai, offered at AED 2,550,000 for 2,297 sq ft, or approximately AED 1,110 per sq ft. The listing agent states the price has been reduced, the unit comes with two parking spaces and handover is expected in Q4 2027.

Property Highlights

• Project: Ivy cluster, DAMAC Riverside, by DAMAC Properties
• Property type: 4-bedroom townhouse
• Size: 2,297 sq ft (agent-stated)
• Asking price: AED 2,550,000 (price reduced, per agent)
• Calculated rate: approximately AED 1,110 per sq ft
• Parking: 2 spaces (agent-stated)
• Handover: Q4 2027 (agent-stated)
• Status: Off-plan resale

Why This Listing Is Classified as Off-Plan Distress

The agent describes this as a price-reduced off-plan resale. No original purchase price, DLD transaction or dated market comparison was supplied, so DPF has not calculated a discount figure. The listing is therefore classified as an off-plan distress resale based on the agent's reported price reduction.

The figure DPF can confirm is the asking rate of about AED 1,110 per sq ft. Buyers should request the seller's SPA, including the original purchase price and amount paid, and compare recent registered transactions for four-bedroom units in the Ivy cluster before making an offer.

About the Project, Developer and Community

DAMAC Riverside is a gated waterfront townhouse community by DAMAC Properties in the Dubai Investment Park Second area, organised into themed clusters, of which Ivy is one. Its masterplan is built around two amenity zones focused on greenery and water.

Project materials describe a lake, a spa, community farms, water-based fitness and sports areas, a floating cinema, a waterfront clubhouse and restaurant, an amphitheatre and 24-hour security. Buyers should confirm the delivered amenity specification with DAMAC.

Layout and Parking

The agent states the home has four bedrooms, a size of 2,297 sq ft and two parking spaces. Bathroom count, plot size and floor plan were not supplied, and buyers should confirm whether the stated size is the built-up area from the SPA.

Payment Plan and Handover

The agent gives handover as Q4 2027. The amount paid to date and the outstanding balance were not supplied and should be confirmed from the SPA and DAMAC's statement of account. Off-plan delivery dates can change, and DAMAC's latest construction update should be treated as authoritative.

Location and Connectivity

DAMAC Riverside sits in the Dubai Investment Park Second area in southwest Dubai, in the corridor that connects to Expo City Dubai and Al Maktoum International Airport. Specific travel times have not been verified for this listing.

Verification Notes

• Agent-supplied facts: project, cluster, bedrooms, size, asking price, price reduction, two parking spaces and Q4 2027 handover.
• DPF-calculated figure: approximately AED 1,110 per sq ft.
• External research: developer, community layout, location and amenities checked against public project information.
• Not supplied: bathrooms, plot size, unit number, original purchase price, amount paid and outstanding balance.
• The agent described the unit as a villa; public project information describes Ivy as a townhouse cluster, so the property type should be confirmed.