About Riverside - Olive

Riverside - Olive is an off-plan development by DAMAC in Palm Jumeirah, Dubai. Entry price is AED 2,661,000.

Riverside - Olive is a collection of townhouses within the Riverside project, located in the Damac Riverside Views area. The project features residences with 4 and 5 bedrooms, whose architectural design is inspired by the luxury of global cities such as Rome, Paris, London, New York, and Amsterdam. Interiors are designed in a contemporary style. The project offers premium infrastructure with a variety of entertainment facilities. Residents can enjoy aqua fitness zones, a climbing wall, a lake with essential oils, a stage for opera and a cinema right on the water, as well as two restaurants. Culinary classes, hydroponic farms, a Zen spa, barbecue areas, relaxation and meditation rooms, and an amphitheater are also available. The project territory includes a clubhouse with a gym, coworking spaces, bowling, arcade games, and an open-air cinema. Riverside is strategically located between Jebel Ali Al-Hibab Road and Emirates Road. From this location, it is easy to reach many popular spots in Dubai. For example, it’s just a 25-minute drive to Palm Jumeirah, 24 minutes to Dubai Marina, 10 minutes to Damac Lagoons, and also 12 minutes to Al Maktoum International Airport. For sale: 4 BR Townhouses - from 2 661 000 AED / 2 297 sq. ft. 5 BR Townhouses - from 4 132 000 AED / 3 407 sq. ft. Launch date: will be announced later

About DAMAC

DAMAC Properties is one of the largest private developers in Dubai and one of the most recognisable, partly through branded residences carrying names from outside property: Cavalli, de GRISOGONO, Versace. It builds at volume across the full range, from mid market apartments to villa communities with artificial lagoons.

What do they build?

Apartments, townhouses and villas, and a lot of them. The two things DAMAC is best known for are the master communities out along the Al Ain road, and the branded towers in the central districts. We are currently marketing 34 completed DAMAC properties from AED 55,000.

Where do they build?

DAMAC tends to build its own districts rather than buy into other people's, which is why so many carry the name.

Damac Lagoons: 24 properties
Business Bay: 2 properties
Damac Hills: 2 properties
Damac Hills 2: 2 properties
Jumeirah Village Circle: 2 properties
Al Marjan Island: 1 property

DAMAC Hills and DAMAC Lagoons are the two large villa and townhouse communities. Business Bay and the central towers are a separate proposition entirely.

What should you check before buying?

Which phase, and what is still to be built. The lagoon communities are large and delivered in clusters. An early cluster means living beside construction for years.
Service charges on the amenity heavy schemes. Lagoons, wave pools and landscaped beaches are expensive to run and that cost recurs annually.
How far out you actually are. Drive the commute at rush hour before you buy. The price difference against a central district is real, and so is the journey.
How much similar stock releases in the same year. DAMAC builds at volume, and in its own communities your competition at resale is often the same developer.
What a branded residence premium is buying you. Sometimes a genuinely different specification, sometimes a name on the lobby. Worth separating.

Are they a safe developer to buy from?

DAMAC has delivered at scale in Dubai over a long period, and completion is not the concern. The things to weigh are the ones that come with volume: a lot of comparable units arriving together, service charges on amenity led schemes, and locations that are cheaper because they are further out. All three are knowable before you commit.

All DAMAC projects

Riverside - Olive

About Riverside - Olive

About DAMAC

What do they build?

Where do they build?

What should you check before buying?

Are they a safe developer to buy from?

Also in Palm Jumeirah

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