Dubai property market zooms as Damac floats iconic Riverside Views

Damac Properties, the UAE’s largest property developer with a global footprint, has announced the launch of Riverside Views, its first development of 2025, following an extraordinary year of achievements in 2024. Located within the newly launched DAMAC Riverside community, this project blends urban convenience with suburban charm, offering an unparalleled lifestyle experience. Amira Sajwani, Managing Director, Damac Properties and senior executives from Damac headlined the press and partner event held in Coca-Cola Arena, gathering key Damac officials, agent partners and brokers, and regional and local media members. Globally acclaimed celebrities and influencers, including Indian Bollywood superstar Shahrukh Khan, were present at the launch. Damac ran a month-long campaign for Riverside Views in the UAE and its key target markets, such as India, Japan, China, Russia, and the US.

Amira Sajwani, commented: “We are proud to continue listening to our customers’ feedback and bringing truly desired products to the market. Riverside Views introduces a collection of stylish one—and two-bedroom apartments housed within eight uniquely themed clusters: Teal, Azure, Marine, Indigo, Royal, Capri, Sun and Pacific. Designed to connect residents to nature and community, the project features a mix of greenery and water scenery, enhancing a sense of well-being and connection with the environment. We will continue to shape Dubai’s luxury real estate landscape and bring iconic products.”

A New Standard in Wellness-based Living

Situated around 15 minutes each from Expo 2020 and Al Maktoum International Airport, Riverside Views promises easy accessibility with world-class amenities. Five signature dining options will be available, including Portofino Italian Restaurant, a floating island restaurant, a Zen Spa, and a hydroponic farm providing fresh greens daily. With a focus on health and wellness, fitness facilities by the water and a floating chess stage will be accessible to residents, as well as a floating opera, essential oil lakes, and Peace Rooms designed to encourage mindfulness and creativity.

With 1-bedroom apartments starting at Dhs 888,000 and 2-bedroom apartments from Dhs 1,420,000, Riverside Views offers an attractive 70/30 payment plan. The project is scheduled for handover on the 31st of May 2028.

The unveiling of Riverside Views follows a record-breaking year for Damac Properties, marked by the launch of three major community developments: Sun City,Damac Islands, and the announcement of Damac Riverside. Building on this momentum, Damac plans to introduce new projects and deliver significant construction updates throughout 2025.

Damac Properties has been at the forefront of the Middle East’s real estate market since 2002, delivering award-winning residential, commercial and leisure properties internationally, including in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the United States, as well as the United Kingdom.

Since then, the company has delivered more than 47,000 homes with over 40,000 more in diverse planning and development phases. Joining forces with some of the world’s most eminent fashion and lifestyle brands to create tremendous living experiences, such as with Versace, Roberto Cavalli, or de GRISOGONO. With a consistent vision and momentum, Damac is building the next generation of luxury living across the globe.

Major Developers: Following the phenomenal success of Phase One, Major Developers unveiled today Phase Two of its flagship project, Manta Bay, located on the iconic Al Marjan Island.

Phase Two has been launched in response to heightened demand, with strong investor interest and expressions of interest (EOIs) already translating into multiple initial bookings. Units are selling fast, reflecting the unparalleled appeal of this unique luxury development.

Designed to cater to the preferences of a global investor base spanning over 25 nationalities, Phase Two offers innovative luxury living solutions. The buyers can also choose fully furnished units to enhance investment potential. Additionally, these units feature private jacuzzis and BBQ-equipped terraces, creating an exceptional lifestyle experience that distinguishes Manta Bay both in the UAE and worldwide.

Andrei Charapenak, CEO of Major Developers, said: “The overwhelming interest in Manta Bay Phase Two is a testament to the project’s appeal and the confidence investors have in our vision. With exclusive new units and its prime location on Al Marjan Island—home to transformative developments like the Wynn Al Marjan Island resort—this phase enhances the luxury living experience.”

He added: “We are thrilled to see strong momentum from both local and international buyers, with Phase Two already receiving bookings and EOIs from investors across 25 countries. This is a clear reflection of Manta Bay’s global appeal and its potential as a prime investment opportunity. To meet this growing demand, we have introduced a wider range of layouts designed to accommodate evolving investor and resident needs.”