Off-Plan 5-Bedroom Townhouse in DAMAC Riverside with 60% Paid

Property Overview

This off-plan 5-bedroom townhouse in DAMAC Riverside, Dubai Investment Park 2, is offered at AED 5,500,000. It has 3,407 sq ft of built-up area on a 2,757 sq ft plot. The agent reports that 60% of the purchase price has been paid and describes the listing as a hot deal. No original purchase price was supplied, so this page does not state a discount.

Property Highlights

• Property type: 5-bedroom townhouse
• Built-up area: 3,407 sq ft
• Plot size: 2,757 sq ft
• Asking price: AED 5,500,000
• Asking rate: approximately AED 1,614 per sq ft of built-up area
• Amount paid: 60% (agent-stated)
• Status: off-plan (agent-stated)
• Developer: DAMAC Properties

Why This Is Classed as Off-Plan Distress

The agent presents this as a hot deal on an off-plan townhouse with 60% already paid. Because DAMAC Riverside is still under development and the seller is offering the unit before completion, DPF classifies it as an Off-Plan Distress resale. Dividing the asking price by 3,407 sq ft gives an asking rate of about AED 1,614 per sq ft of built-up area.

The brief did not include the seller's original purchase price, a DLD transaction comparison or dated market evidence, so DPF has not calculated a saving and does not claim the townhouse is priced below original price or below market. Buyers should ask for the original SPA price and compare recent DAMAC Riverside resale transactions for the same layout.

About the Project, Developer and Community

DAMAC Riverside is a townhouse-led master community by DAMAC Properties in Dubai Investment Park 2. Published project information describes four- and five-bedroom townhouses across clusters including Ivy, Lush and Sage, alongside planned apartment buildings. Listed community facilities include a lake with a man-made beach, a clubhouse, an amphitheatre, outdoor and floating cinemas, a community farm, calisthenics equipment, barbecue areas, a gaming zone, boutique retail and cafes. Final amenity delivery should be confirmed against DAMAC's handover documentation.

Layout and Plot

The agent confirms a 5-bedroom townhouse with 3,407 sq ft of built-up area on a 2,757 sq ft plot. The cluster, unit position, number of floors, bathroom count, maid's room and parking were not supplied, and DPF has not assumed them. Request the floor plan and plot plan to confirm the layout.

Payment Plan and Handover

The agent states 60% has been paid. Without the original price, DPF cannot convert this into an amount, and the handover date for this unit was not supplied. Buyers should obtain the SPA, Oqood and DAMAC statement of account to confirm the original price, the amount paid, how much the seller is asking above the amount paid, the remaining balance and the expected completion date, and check DAMAC's NOC and resale conditions.

Location and Connectivity

Dubai Investment Park 2 lies in the south-west of Dubai, with road access to Sheikh Mohammed Bin Zayed Road and Emirates Road. DPF has not stated travel times because they were not verified for this listing.

Verification Notes

• Agent-supplied facts: community, property type, bedrooms, built-up area, plot size, off-plan status, 60% paid, asking price and hot-deal description.
• DPF-calculated figure: price per sq ft.
• External research: general DAMAC Riverside facts from published project information, not unit-specific records.
• Not supplied: cluster, unit number, original price, handover date, bathrooms, maid's room and parking.