on
Off-Plan
10
RIVA RESIDENCE BY VOKSON FIRST PROPERTIES IN MARITIME CITY
Riva Residence sounds like a promising investment opportunity! Here's a summary of the key points that might be attractive to potential investors:
Riva Residence Highlights:
Competitive Pricing: Square footage prices range from 2000 to 2350AED, which is lower compared to other developments in Dubai Maritime City (DMC) where prices start from 2600 to 3000AED per square foot.
Construction Progress: The project is progressing well, with 19 floors completed out of a total of 29. This includes the 4-floor podium parking and ground level.
Developer’s Reputation: The developer is renowned with over 50 years of experience in Dubai’s real estate market, offering credibility and reliability.
Payment Plan: 40% payment during construction and 60% upon handover. This plan suggests that the developer is funding the construction, which can be beneficial for resale value.
Rental Returns: High potential for rental income with expected returns of 8% to 9% for seafront view apartments, and up to 15% with short-term rentals like Airbnb.
Prime Location: Situated at the entrance of Maritime City, the location is advantageous compared to other projects in the area.
Nearby Amenities: Just a 5-minute walk to Rashid Marina & Yacht by Emaar, which is already operational.
Views and Attractions: Offers views of Port Rashid Dockyard, World Island, and Burj Khalifa. DMC is positioned as a future tourist hotspot, providing a unique sea view experience in Dubai.
Additional Selling Points:
Seafront Advantage: The only sea view area in Dubai where one can observe the ship dockyard, enhancing its appeal.
Future Development: Dubai Maritime City is anticipated to grow as a significant tourist destination, potentially increasing property values over time.
This combination of competitive pricing, reputable development, and attractive location with high rental yield potential makes Riva Residence a strong candidate for investors looking for capital appreciation in Dubai’s real estate market.
Riva Residence Highlights:
Competitive Pricing: Square footage prices range from 2000 to 2350AED, which is lower compared to other developments in Dubai Maritime City (DMC) where prices start from 2600 to 3000AED per square foot.
Construction Progress: The project is progressing well, with 19 floors completed out of a total of 29. This includes the 4-floor podium parking and ground level.
Developer’s Reputation: The developer is renowned with over 50 years of experience in Dubai’s real estate market, offering credibility and reliability.
Payment Plan: 40% payment during construction and 60% upon handover. This plan suggests that the developer is funding the construction, which can be beneficial for resale value.
Rental Returns: High potential for rental income with expected returns of 8% to 9% for seafront view apartments, and up to 15% with short-term rentals like Airbnb.
Prime Location: Situated at the entrance of Maritime City, the location is advantageous compared to other projects in the area.
Nearby Amenities: Just a 5-minute walk to Rashid Marina & Yacht by Emaar, which is already operational.
Views and Attractions: Offers views of Port Rashid Dockyard, World Island, and Burj Khalifa. DMC is positioned as a future tourist hotspot, providing a unique sea view experience in Dubai.
Additional Selling Points:
Seafront Advantage: The only sea view area in Dubai where one can observe the ship dockyard, enhancing its appeal.
Future Development: Dubai Maritime City is anticipated to grow as a significant tourist destination, potentially increasing property values over time.
This combination of competitive pricing, reputable development, and attractive location with high rental yield potential makes Riva Residence a strong candidate for investors looking for capital appreciation in Dubai’s real estate market.
Property Information
- TypeApartment
- PurposeFor Sale
- Reference no.Bayut - 100037-Gc8LZE
- CompletionOff-Plan
- FurnishingUnfurnished
- onon28 August 2024
- Added on28 August 2024
- Handover dateQ4 2025
Features / Amenities
Balcony or Terrace
Swimming Pool
Electricity Backup
Centrally Air-Conditioned
+ 12 more amenities
Trends
Mortgage
Location & Nearby
Location
Schools
Restaurants
Hospitals
Parks
