Ivy at DAMAC Riverside by DAMAC Properties

Ivy at DAMAC Riverside is a cluster of 594 townhouses by DAMAC Properties within DAMAC Riverside, a community in Dubai Investment Park 2. It offers 4 Bedroom Townhouses from AED 2.55M ≈ USD 694K and 5 Bedroom Townhouses from AED 3.50M ≈ USD 953K, with handover scheduled for Q4 2027.

Ivy is part of DAMAC Riverside in Dubai Investment Park 2, close to Al Maktoum International Airport. DAMAC's brochure gives approximate drive times from the community of about 10 minutes to the Expo 2020 site (now Expo City Dubai), 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-level figures rather than times measured from Ivy.

Ivy offers two townhouse types. The 4 Bedroom Townhouses measure 2,297 to 2,420 sq ft (213 to 225 sq m) and start from AED 2.55M ≈ USD 694K. The 5 Bedroom Townhouses measure 3,407 sq ft (317 sq m) and start from AED 3.50M ≈ USD 953K. Availability is limited, and the price of an individual unit depends on its layout and position, because DAMAC controls each release and can revise pricing between releases.

According to DAMAC's brochure for DAMAC Riverside, the townhouses follow a modern architectural style, with clean facade lines softened by natural touches and interiors that combine warm wood tones, contemporary tiling and large windows facing green spaces. The 4 bedroom layouts are arranged over ground and first floors, and the 5 bedroom layout over ground, first and second floors. The interiors shown in renderings are illustrative.

DAMAC's brochure lists twelve community amenities for DAMAC Riverside: a clubhouse, Malibu Cove, an amphitheatre and lawn, Kidz Adventure Land, hydroponic farms, a games zone, calisthenic stations, BBQ and culinary classes, an essential oils lake, the Portofino Restaurant, a floating opera stage and a floating proposal deck. They are planned facilities of the wider community, shared by its residents rather than exclusive to Ivy, and remain subject to final design and approvals.

Handover is scheduled for Q4 2027. The project is currently under construction, and dated readings from the Dubai Land Department register are tracked month by month in the Ivy at DAMAC Riverside construction updates guide.

The plan is 20/55/25. Buyers pay 20% of the price on the booking date together with the 4% DLD registration fee, 55% during construction as scheduled in the SPA, and the final 25% on completion and handover. On a 4 Bedroom Townhouse at AED 2,550,000 that is AED 510,000 at booking, AED 1,402,500 during construction and AED 637,500 at handover.

The payment plan adds the 4% DLD registration fee to the price, payable on the booking date alongside the down payment. On the AED 2.55M starting price it comes to AED 102,000 ≈ USD 28K, and on a 5 Bedroom Townhouse at AED 3.50M it is AED 140,000 ≈ USD 38K. The fee is paid to the Dubai Land Department rather than into the project escrow account.

The ownership terms for each Ivy townhouse are the ones set out in the Sales and Purchase Agreement (SPA) with DAMAC and recorded against the unit by the Dubai Land Department. Buyers confirm the tenure stated in the SPA and on the DLD registration before signing, because these two documents define what is owned.

Both townhouse types are priced above the AED 2M ≈ USD 545K property value threshold used for the 10-year UAE Golden Visa: the 4 Bedroom Townhouses start at AED 2.55M and the 5 Bedroom Townhouses at AED 3.50M. Approval is decided by the UAE authorities when the application is made, not by the purchase itself. The Ivy at DAMAC Riverside Golden Visa guide explains the eligibility steps.

Payments toward the purchase price are made into the project's DLD-registered escrow account held with First Abu Dhabi Bank and released to the developer against verified construction progress, a framework regulated by the Dubai Land Department. The account and how to check it are covered in the Ivy at DAMAC Riverside escrow account guide.

Yes. Reservation, SPA signing and registration can all be completed remotely, and I manage the process end to end with DAMAC on your behalf. Each stage of a remote purchase is documented in my Dubai real estate guide library.