Riverside - Olive
Off-Plan

Riverside - Olive

From AED 4.34M·Handover Jun 2028·20% down payment Payment
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AED 4.34M
Starting Price
Jun 2028
Handover
20% down payment
Payment Plan
5 BR · Townhouse
Type

Project Overview

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.

Project Specifications
DeveloperDamac Properties
LocationDamac Riverside
Unit Types5 BR, Townhouse
AreaDamac Riverside
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 187,185 / year
Cash-on-Cash
2.2%
Levered cashflow AED 44,031
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 281,970 / 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
Riverside - Olive launch basis4,820AED 4.34MCurrent launch / asking basis
Damac Riverside ready-stock comps1,500AED 1.35MIndicative resale benchmark
Damac Riverside 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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Riverside - Olive official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

20% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Climbing Wall
Club house
Community Lawn
Dining outlets (coffee houses & restaurants)
Event Lawns
Floating Cinema
Jogging tracks
Kids Play Area
Lagoon style swimming pool
Landscaped garden
Leisure areas
Meditation zone
Pool Deck
Recreational areas
Resting Areas
SPA
Shared Pool
Sitting Area
Social zone
Sports ground
Walking paths

Location

Damac Riverside

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Damac RiversideDamac RiversideDubai, UAE

Developer Track Record

01

Riverside - Olive by Damac Properties

02

Located in Damac Riverside

03

Starting from AED 4,338,000

04

Unit mix includes 5 BR, Townhouse

05

Expected handover: Jun 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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