Damac Riverside: Townhouses and Villas in Dubai Investment Park 2
Damac Properties developed this project in Dubai Investment Park 2. It comprises four- and five-bedroom townhouses and villas across two clusters: Ivy Tower and Sage Tower. Construction started in May 2024 and handover is targeted for December 2027.
Dubai Investment Park 2: Reading the Location
Dubai Investment Park runs along the Abu Dhabi–Dubai highway corridor, roughly midway between the two cities. For buyers commuting to Dubai Marina, JLT, or Downtown, the distance is real. The location works better for those working in the southern employment zone or travelling frequently toward Abu Dhabi via Sheikh Mohammed Bin Zayed Road, which borders the district.
DIP 2 is a quieter, lower-density part of that zone. It lacks the walkable retail of more central Dubai communities, but it offers space and a residential environment with more room. For families prioritising large-format homes without urban density, that trade makes sense. The "Riverside" branding, supported by "View of Water" in the amenity data, points to integrated water features within the community layout itself.
What AED 3.6M to 4.3M Gets You Here
The AED 3,626,000 to 4,311,000 range spans large family homes at both ends. Bedroom count is the main driver of the spread.
The entry price of AED 3,626,000 buys a 4-bedroom unit at 2,297 to 2,420 sq ft, depending on layout, in the Ivy Tower cluster. Sage Tower 4BR units start from AED 3,783,000 for comparable sizes. The premium between clusters is modest but consistent across layouts.
At the top of the range, 5BR villas start at AED 4,129,000 and 5BR townhouses at AED 4,311,000, both at 3,407 sq ft. Buyers targeting a five-bedroom will spend at least AED 500,000 more than the 4BR entry point, with the unit size jumping by roughly 1,000 sq ft.
Buyers working within a four-bedroom budget should compare Ivy Tower configurations first.
Townhouses and Villas: Two Different Living Setups
Both property types span four- and five-bedroom layouts. Villas are freestanding, giving residents more physical separation from adjacent homes. Townhouses share party walls and tend to suit buyers who prefer a more connected layout. Starting prices at both bedroom counts overlap between the two types, so the choice comes down to living preference rather than price.
What the Amenities Reveal
| Category | Amenities |
|---|---|
| Recreation | Infinity Pool, Barbecue Area, View of Water |
| Health & Fitness | Gymnasium |
| Dining | Restaurants |
| Practical | Covered Parking |
The six amenities cover the functional core of a family community. The outdoor elements (water view, infinity pool, and barbecue area) make up the leisure offer. Having restaurants within the development reduces the need to leave for everyday dining. The set targets residents who want outdoor space and convenience rather than a broad lifestyle package.
18 Months to December 2027
Construction broke ground in May 2024. The expected completion is December 2027, around 18 months from now. Off-plan buyers entering today pay through the construction schedule over that period before receiving keys.
Getting In for 20%
| Phase | Percentage |
|---|---|
| Down payment | 20% |
| During construction | 55% |
| Handover | 25% |
Entry requires a 20% down payment. The construction phase carries 55% of the purchase price, spread across milestones through late 2027. The remaining 25% falls due at handover. At the base price of AED 3,626,000, the construction payments total roughly AED 1,994,000 and the handover installment comes to approximately AED 907,000.