Damac Riverside Phase 2: Townhouses in Dubai Investment Park 2
Damac Properties is delivering Phase 2 of its Riverside development in Dubai Investment Park 2. The project sits within a master community called Damac Riverside, in the sub-cluster Riverside Views, Marine 2. Phase 2 offers 4-bedroom and 5-bedroom townhouses, with construction started in March 2025 and handover targeted for December 2027.
What Living in DIP 2 Means in Practice
Dubai Investment Park 2 sits in the southwest of Dubai. Emirates Road (E611) and Sheikh Mohammed bin Zayed Road (E311) run through the area, giving residents access to central Dubai, Abu Dhabi, and Jebel Ali without changing roads. The drive to Dubai Marina takes around 20 minutes without traffic. Downtown Dubai is roughly 30 kilometres away.
DIP is a mixed-use district. Residential areas share the zone with light industrial and commercial operations, which sets it apart from purely residential communities. Some families are unbothered by this. For others, the mix is a consideration when choosing where to live. Within DIP 2, the Riverside master community operates as a self-contained development, with its own amenity set that reduces daily reliance on the broader neighbourhood.
4-Bedroom and 5-Bedroom Townhouses
The project offers townhouses across two bedroom configurations. The 4-bedroom is available in two layout types: 2,297 sq ft or 2,420 sq ft. The 5-bedroom runs to 3,407 sq ft.
Both are townhouse format, meaning each unit has its own entrance and footprint rather than sharing a building core with dozens of other units. The 4-bedroom suits families with children who need separate rooms without taking on a very large property to manage. The 5-bedroom fits buyers who want extra space, whether for a home office, a dedicated guest suite, or extended family.
What the Amenities Tell You
| Category | Facilities |
|---|---|
| Wellness | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens |
| Dining | Restaurants |
| Family | Children's Play Area |
| Safety | CCTV Security |
The indoor swimming pool stands out among the six amenities. Outdoor pools in Dubai become impractical during summer months. An indoor pool gives residents year-round access, which changes the practical value of the facility compared to outdoor-only alternatives. The gymnasium alongside it covers daily fitness without leaving the community.
The on-site restaurants reduce the need to drive out for everyday meals. For families planning to live here, having dining within the development is a practical benefit that makes the community more self-sufficient.
The amenity list overall signals a family-oriented project: covered fitness facilities, a children's play area, and landscaped green space. Buyers planning to occupy or rent long-term to families will find the mix well-matched. Those targeting short-stay or holiday rentals would find fewer of these features relevant to that strategy.
Getting In for 20%
| Stage | Payment |
|---|---|
| Down payment | 20% |
| During construction | 50% |
| On handover | 30% |
20% is required at signing. The remaining 50% is paid in instalments during the construction period, which runs through December 2027. The final 30% falls due at handover. For buyers entering now, those construction instalments are distributed across the remaining 18 months of build progress before the handover balance lands. The structure front-loads commitment: 70% of the total purchase price is paid before keys are handed over.
December 2027 Handover: What It Means to Buy Now
Construction began in March 2025. The expected completion date is December 2027, approximately 18 months from today. Buyers entering now are purchasing mid-construction rather than at a pre-launch stage, so physical work is already underway on site. The remaining construction-period instalments track the build schedule, with the 30% handover payment landing at completion.