Riva Residence
✓ Resale Available

Riva Residence

From AED 2.54M·Completed Feb 2026·40% down payment Payment
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AED 2.54M
Starting Price
Feb 2026
Handover
40% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Riva Residence is a sophisticated complex by the developer Vakson First Property Development, in the heart of Dubai Maritime City. A structure consists of one ground floor, four podium floors, and twenty-five residential floors. This superb modern residential building by the sea is the perfect combination of elegance and luxury, leisure and productivity. Here you will find luxury apartments with 1, 2 and 3 bedrooms that offer spectacular views of the Persian Gulf. Each room exudes sophistication — spacious layouts with a carefully selected color palette and a simple white aesthetic of the ceilings are in harmony with large windows that fill each room with sunlight. Riva Residence offers residents a wide range of different amenities, including: an infinity pool with views of the Burj Khalifa, a children's pool, a children's playground, a gym, a spacious clubhouse, a well-equipped business center, a spa center, parking and many others. The complex has a great location just 10 minutes from Sheikh Zayed Road, 15 minutes from here to Dubai International Airport, 20 minutes to Downtown Dubai and Burj Khalifa. Also in the immediate vicinity are schools, supermarkets, medical, entertainment centers and everything else that is necessary for a comfortable life.

Project Specifications
DeveloperVakson First Property Development
LocationDubai Maritime City
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaDubai Maritime City
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 109,601 / year
Cash-on-Cash
1.8%
Levered cashflow AED 25,781
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 165,100 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Riva Residence launch basis2,822AED 2.54MCurrent launch / asking basis
Dubai Maritime City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Maritime City premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Vakson First Property Development.

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Payment Structure

40% down payment

Flexible Payment

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Floor Plans

Riva Residence — 1 Bedroom Floor Plan

Amenities & Lifestyle

Children’s pool
Conference room
Infinity pool
Kids Play Area
Lift
SPA
Shared gym
Social zone

Location

Dubai Maritime City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Maritime CityDubai Maritime CityDubai, UAE

Developer Track Record

01

Riva Residence by Vakson First Property Development

02

Located in Dubai Maritime City

03

Starting from AED 2,540,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Feb 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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