Adil Raza Khan | March 17, 2025
DAMAC Properties is a name to bank upon for luxury communities and residences at diverse price ranges. They are neither cheap nor unreasonably priced. From small apartments to lavish villas and mansions in luxurious gated communities– all you get from DAMAC Properties.
When you step on the land of Dubai, the logo of DAMAC will be a common sight at maximum stunning skyscrapers. Their popularity as one of the best real estate builders in Dubai is evident from this scenario only.
Dubai based properties have a huge global appeal because of their high investment potentiality. Curious to know why?
When you own a property in Dubai, you get to say- “I live where the world’s tallest observation deck/tower and the biggest shopping mall are”. This is a pride many would willingly pay for these days.
Like it was pointed out before, residences at DAMAC Riverside are not cheap but also not excessively expensive. They are priced reasonably.
These two are the primary reasons that DAMAC properties have impressive investment potential. The Capital Appreciation Value keeps increasing yearly and Rental scopes are super high round-the-year.
Starting prices of these luxury residential choices at the lavish community with world-class communities couldn’t be any more lesser.
We are not here to pass any judgement in favor or against the price structure. But, surely, as our team handles a lot many similar projects so we know what we are saying.
10% is the Down Payment and the remaining 90% property price balance is scheduled to be paid installment-wise over the duration of two years, up to 25 years (potentially). Handover is probably in Q4 2027. Dates may shift.
Property buyers (DAMAC Riverside or on any) always need to pay a Transfer Fee of 4% of the total Sales Price to the DLD (Dubai Land Department Fee). This 4% DLD Fee is equivalent to the ‘stamp duty’ in other countries. This is also called Property Registration Fees.
A fixed Trustee Office Fees is also applicable . In Dubai, it is AED 4,000 plus 5% VAT (AED 4,200) for properties that are priced for AED 500,000 or above. It is AED 2,000 plus 5% VAT (AED 2,100) for properties priced below AED 500,000.
This is when the actual transaction between the buyer and the seller happens legally, under the monitoring of the authorized real estate registration trustees.
Now, comes the Mortgage Registration Fees. It is applicable to you only if you are looking at mortgage options. You pay it to the Dubai Land Department. The fee is 0.25% of the mortgage value (the amount you borrowed from the bank).
PS: Non-residents (expatriates and also not residing anywhere in Dubai) are entitled to borrow 50% LTV of the property.
Service Charges Fees you need to pay to DAMAC Properties as community maintenance fees, at the time of purchase and recurrently after regular periods. If you are buying properties from other real estate developers, you pay this fee to that real estate company. Simple.
You pay it to keep enjoying your entitlement to the common amenities and areas within the community gate. It is an important cost you incur for property ownership in Dubai.
These are calculated based on the property's square footage and the property type and the location. DAMAC Riverside is at Dubai Investment Park, and the location is posh and well-connected so in great demand.
Insurance is not mandatory, but necessary. But if you have chosen to mortgage for the purchase, Mortgage Protection Insurance is Mandatory! Maximum UAE banks require it as a condition for granting a mortgage. It costs you somewhere between 0.30% - 0.60% of the outstanding mortgage amount per year.
Mortgage Protection Insurance is like a Life Insurance here in Dubai that is supposed to cover the mortgaged amount (borrowed loan amount) in case the borrower dies or becomes disabled.
Add to these, the Title Deeds Fees of around AED 500-600 for legally owning the property. It Makes the Buyer the Owner of the property, officially.
Other fees that add to the ownership cost besides property price are - Conveyance Fees, DEWA fees, Valuation fees, and Arrangement fees.
This pricing analysis here, hopefully, would help you make your calculation at ease. It lets you know how much you need to rightfully own a DAMAC Riverside townhouse or DAMAC Riverside View apartment. Exact property prices plus all these different fees and more will decide your total budget for becoming DAMAC Riverside property owner.
Do all these calculations or let us do it for you. In either case, Good Luck!
Do you know? Sheikh Khalifa Bin Zayed Street is among Abu Dhabi's most important and busiest thoroughfares right at its core.
If you have ever sped through the center of Abu Dhabi – you most likely found yourself on this thoroughfare in the city. This street is more than just a thorough road; it's a vivid snapshot of Abu Dhabi life.. Guess what? It is humming with everything from elevated homes to busy stores and little cafes.
Named for the late visionary Sheikh Khalifa Bin Zayed, this boulevard truly highlights the way the city combines modern living with legacy. So? Whether you live here, visit here, or are considering moving here, this spot is a place you should know about.
Dubai is ready to rewrite the history of world aviation, and DWC Airport Dubai, also known as Al Maktoum International Airport (DWC),is at the center of it all.
Originally designed to complement Dubai International Airport (DXB), this once-secondary hub is now the pillar of a $35 billion transformation meant to establish DWC as the largest and busiest airport in the world.
DWC will eventually oversee all commercial operations from DXB as part of Dubai's audacious new master plan, so centralizing global air travel, logistics, and innovation. Massive infrastructure renovations in progress will change the expectations of the globe from an international gateway.
The Falcon DWC Airport development is among the first significant private investments in this growth. Leader in aviation services, Falcon Aviation has committed $100 million to modernize its MRO (maintenance, repair, and overhaul) facilities and open a posh private jet terminal, underscoring DWC's increasing importance as a destination for business and executive travel.
The countdown has begun, and Al Maktoum International Airport (DWC) is ready to soar far beyond expectations.
Active living is one of the keys to unlocking holistic well-being and longevity. This knowledge seems to have inspired Aldar Properties to shape urban luxury living in their latest community, Athlon.
The Athlon off-plan community is under construction to equate aesthetics and athletic aspects of a gated community like never before. The main focus of Aldar has been to shape this gated community as an open and protected playground where the residents can stay active amidst daily life agendas.
Not just a revolutionary lifestyle destination for residents, Athlon by Aldar Properties Dubailand is investment-worthy in every possible sense.
Our team attempts to enlist and explain the exact reasons in this blog that you find sensible enough to consider.
