Riverside - Olive — project image
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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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 187,185 / year
Cash-on-Cash
2.2%
Levered cashflow AED 44,031
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 2.00M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

20% down payment

Published payment summary

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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

Damac Riverside

Developer and Project Facts

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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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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