4 Bedroom Single-Row Townhouse in Lush, DAMAC Riverside, Below OP

Property Overview

This four-bedroom single-row townhouse in Lush at DAMAC Riverside, Dubai Investment Park 2, is offered as a distress resale at AED 2,550,000 against an agent-stated original price of AED 2,650,000, which is AED 100,000 or 3.8% below OP. The townhouse has a 2,394 sq ft built-up area and faces a park.

Property Highlights

• Property type: Townhouse
• Bedrooms: 4
• Built-up area: 2,394 sq ft
• Asking price: AED 2,550,000
• Original price: AED 2,650,000 (agent-stated)
• Saving vs OP: AED 100,000 (3.8%)
• Price per sq ft: approx. AED 1,065 (calculated)
• Position: Single row, park facing (agent-stated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below OP

The agent states an original price of AED 2,650,000 and an asking price of AED 2,550,000. The difference is AED 100,000, which is 3.8% of the original price. The agent describes the deal as below OP plus DLD, which suggests the comparison takes the 4% DLD transfer fee into account. Buyers should confirm whether the AED 2,650,000 figure already includes that fee.

Calculation

• AED 2,650,000 minus AED 2,550,000 = AED 100,000
• AED 100,000 / AED 2,650,000 = 3.8% below OP
• AED 2,550,000 / 2,394 sq ft = approx. AED 1,065 per sq ft

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

About the Project, Developer and Community

Lush is a townhouse cluster within DAMAC Riverside, a DAMAC Properties community in Dubai Investment Park 2. Published project information lists four- and five-bedroom townhouses, with community amenities including children's playgrounds, a clubhouse, tennis and basketball courts, green spaces, wellness facilities, an outdoor cinema and yoga decks.

Layout and Position

The agent confirms a four-bedroom townhouse of 2,394 sq ft in a single row facing a park. Bathroom count, parking and plot size were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent brief did not include the payment plan, amount paid or handover date. Published project information shows expected completion in Q4 2027. The remaining balance, instalment schedule, handover date and DAMAC's resale NOC requirements should be confirmed against the seller's SPA and DAMAC statement of account.

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: project, four bedrooms, 2,394 sq ft BUA, OP AED 2,650,000, asking price AED 2,550,000, below OP plus DLD description, single row and park facing.
• Calculated by DPF: savings amount, savings percentage and price per sq ft.
• External project research: developer, cluster unit mix, amenities and published completion date.
• Not supplied: plot size, bathrooms, parking, amount paid, payment plan, handover date and service charge.