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!
Grand Mall Ajman is a local 5-storey shopping mall in the emirate of Ajman, by Aqaar Properties. It is a unique combo of a shopping mall and an apartment complex.
This shopping mall might not make headlines and turn heads at the very mention of it like other malls, but it has an identity of its own.
Dubai’s status as a global luxury shopping hub is cemented robustly with Q1 2025 retail records. It indicates shopping in Dubai is a luxurious experience that both the natives and expatriates enjoy.
Continuing the grand success of the Dubai Shopping Festival 2024-2025, shoppers and merrymakers have stepped into the Q2 2025 phase with an equally optimistic mood.
The city has several malls. And, Dubai Festival City Mall is getting smarter in retaining the year-round festive vibe of this megacity wonderfully.
In this blog, we will acquaint you with the interesting and useful information for an eventful experience on your trip to this beautiful mall in Dubai.
Been to Dubai but missed Dubai Hills Mall? Big mistake.
Dubai Hills Mall is a dynamic living centre right in the middle of the city, not only a place to shop. Developed by Emaar Properties, the mall boasts world-class retail, dining, and entertainment right within Dubai Hills Estate, not only another shopping destination.
This mall guarantees something for everyone, regardless of your interests—food, fashion, or thrill-seeker. Comprising more than 750 retail stores, the finest eateries, entertainment attractions, and the famous indoor roller coaster, the mall offers a unique journey!
It is quickly becoming a go-to location for both locals and visitors with its attractive design, family-friendly atmosphere, and easy access from main roads.
And you know what? From retail and entertainment to dining choices and recommendations on how to maximize your vacation, this thorough guide will lead you through all you need to know.
If you think all Dubai malls are the same — this mall proves you wrong.
