Dubai’s Damac launches Riverside project with 1-bedroom flats priced under Dh1 million

A new ‘riverside’ community project is being built in Dubai and it will come with some unique amenities such as hydroponic farms and a floating opera.

Damac Properties, a private developer in Dubai, launched its Riverside Views project on Wednesday. The development will be located at Dubai Investment Park.

Prices for one-bedroom apartments start at Dh888,000 and two-bedroom apartments from Dh1.42 million. With a 70/30 payment plan available for buyers, the project is scheduled for handover in May 2028.

The Riverside Community project is the developer’s sixth master development.

Demand in Dubai’s property market has been exceptional for the past four years as the emirate’s population grew to an all-time high and foreign investors and millionaires were flocking into the city to cash in on rising returns on investments.

Damac said it plans to keep the momentum and launch new projects in 2025.

The Riverside Views follows a record year for Damac Properties, marked by the launch of major community developments: Sun City, Damac Islands, and the announcement of Damac Riverside.