Capri 1 at DAMAC Riverside Views by DAMAC

Capri 1 at DAMAC Riverside Views is a release of 824 one and two bedroom apartments by DAMAC Properties in DAMAC Riverside, Dubai Investment Park 2. It is part of DAMAC Riverside Views, the apartment collection of the DAMAC Riverside master community, and its handover is expected in Q1 2029.

Capri 1 is in DAMAC Riverside, Dubai Investment Park 2. DAMAC's DAMAC Riverside Views factsheet gives community drive times of about 12 minutes to the Expo 2020 site, 12 minutes to Al Maktoum International Airport, 14 minutes to DAMAC Mall, 16 minutes to Global Village and 19 minutes to Dubai Outlet Mall. These are community figures, not times measured from Capri 1 itself.

Capri 1 offers 1 Bedroom Apartments from AED 1.00M ≈ USD 272K, sized 693 to 1,157 sq ft (64 to 107 sq m), and 2 Bedroom Apartments from AED 1.77M ≈ USD 482K, sized 1,364 to 1,481 sq ft (127 to 138 sq m). Units are available; pricing within each band depends on the size, floor and position of the unit as released by DAMAC.

DAMAC's DAMAC Riverside Views materials describe the one bedroom apartments with light-filled living areas, a planned kitchen, a walk-in closet and an oversized terrace, and the two bedroom apartments with an additional en-suite bedroom with walk-in closet, a foyer entrance, separated kitchen and living spaces and an extended terrace. These are collection-level descriptions; the exact layout and finishes of a Capri 1 unit are set out in its SPA.

DAMAC's project presentation plans the DAMAC Riverside Views amenities in three themes along a Green Vein and a Water Vein. Food and well-being includes the Portofino restaurant, an island restaurant, outdoor culinary classes, BBQ and live cooking stations and a hydroponic farm. Health and activity includes fitness by the water, a floating chess stage, calisthenics stations with an organic bar, a climbing wall that drops into water, a Zen spa and essential-oil lakes. Social and culture includes a floating opera stage, a floating cinema, peace rooms, a clubhouse with retail, an amphitheatre, an adults' games zone and a kids' adventure land. They are planned community amenities, subject to final design and approvals.

Handover of Capri 1 is expected in Q1 2029; the contractual completion date is the one set out in the SPA. At the Dubai Land Department inspection recorded on 22 September 2026, the project was in early-stage construction, with enabling works progressing and foundation and substructure works under way. Each dated inspection is tracked in the Capri 1 construction updates guide.

Capri 1 uses the DAMAC Riverside Views regular payment plan, an 80/20 structure: 20% on booking plus the 4% DLD registration fee, 60% in 40 instalments scheduled by months from booking (most at 1% of the price and four at 6%), and 20% on completion. This is DAMAC's regular payment plan for DAMAC Riverside Views, issued for a later release of the collection; confirm the Capri 1 schedule with DAMAC and in the SPA.

The main addition is the 4% DLD registration fee, paid at booking alongside the 20% deposit. On a 1 bedroom apartment at AED 1,000,000 it comes to AED 40,000 ≈ USD 11K, and on a 2 bedroom apartment at AED 1,770,000 it comes to AED 70,800 ≈ USD 19K. The fee is paid to the Dubai Land Department, not into the project escrow account.

The ownership terms of a Capri 1 apartment are those set out in the SPA and recorded on the Dubai Land Department register. While the project is under construction, the purchase is registered as an off-plan contract (Oqood) with the DLD; after completion and final payment, ownership is transferred to the buyer through a title deed.

At the listed prices, neither apartment type at Capri 1 reaches the AED 2M ≈ USD 545K property value threshold for the 10 year UAE Golden Visa on its own: the 1 bedroom starts at AED 1.00M and the 2 bedroom at AED 1.77M. The value that counts is the one recorded on the Oqood or title deed, and eligibility is decided by the UAE immigration authorities (ICP or GDRFA). The Capri 1 Golden Visa guide explains the threshold in detail.

Instalments for Capri 1 are paid into the project's DLD-registered escrow account, held with Mashreq Bank, and released to the developer only against verified construction progress, a framework regulated by the Dubai Land Department. The 4% DLD registration fee is paid to the DLD itself and is not held in escrow. The Capri 1 escrow account guide explains how the account works.

Yes. The full process, from reservation and booking to SPA signing and Oqood registration, can be completed remotely, and I manage it end to end with the developer on your behalf. Each stage of the remote purchase is documented in my Dubai real estate guide library.