Damac Riverside – Olive is a townhouse development in Dubai Investment Park 2, offering 4 and 5-bedroom units within a waterfront master community. The project is developed by Damac Properties, with completion scheduled for June 2028. Starting prices begin at AED 1,956,000.
Situated in DIP 2 within the Wadi Al Safa 5 area, Olive provides access to Sheikh Zayed Road and Al Khail Road. Dubai Marina is approximately 15 minutes by car, while Downtown Dubai is around 25 minutes away. The location combines residential calm with proximity to schools, healthcare facilities, shopping centers, and business districts.
The townhouses feature open-plan layouts with private gardens and modern kitchens. Master suites include en-suite bathrooms and walk-in closets. Large windows and sliding doors connect indoor spaces to outdoor areas. Finishes emphasize natural light and ventilation throughout.
Residents have access to waterfront promenades, swimming pools, fitness centers, sports courts, and landscaped gardens. The development includes retail outlets, community event spaces, and 24/7 security with monitoring systems. Children's play areas and dedicated parking are provided.
The payment plan requires 20% down payment, 60% during construction in installments, and 20% on handover. The property is sold on a freehold basis, granting full ownership rights.
Damac Riverside - Olive by Damac Properties in Dubai Investment Park, Dubai is scheduled for handover in Q2 2028 (April–June 2028). Construction is estimated at ~25% based on the developer's reported phase.
The headline payment plan for Damac Riverside - Olive is 20/60/20. See the full breakdown of booking, construction and post-handover instalments in the Financials tab.
Damac Riverside - Olive offers 2 unit types:
Estimated gross rental yield: 7% p.a., benchmarked against current Dubai Investment Park rental data.
~25% — estimated from construction phase.