Azure 2 — DAMAC Riverside Views, Dubai Investment Park
Azure 2 is one cluster inside DAMAC Riverside, a masterplan the developer describes as Dubai’s first riverside community. That framing matters for the pricing: you are not buying a standalone tower, you are buying into a themed waterfront district with its own internal ecosystem of pools, farms and leisure venues shared across several clusters.
720 units across studio and one-bedroom apartments in Dubai Investment Park, with handover scheduled for Q1 2029.
Pricing
Current entry pricing on Xploon is AED 1,238,000 for a one-bedroom apartment at 874.46 sq ft, with a 13-month payment duration.
That is meaningfully above the launch figures still published elsewhere — studios from AED 628,000–748,000 and one-beds from AED 954,000–1.2 million. Studio stock at the entry price point appears to have sold through; current developer-listed inventory starts with the one-bedroom band. If you were expecting sub-AED 750,000 pricing based on the launch material, confirm what is actually available before assuming that figure still applies.
Add DLD 4% plus registration and trustee fees for all-in acquisition costs of roughly 7–8%.
Indicative pricing. Check xploon.com for current prices and availability.
The development
Azure 2 is a G+2P+8-storey waterfront tower within the wider Riverside Views collection, which spans eight clusters — Teal, Azure, Marine, Indigo, Royal, Capri, Sky and Pacific — totalling around 4,000 units. Studios run 385 to 544 sq ft; one-beds run 671 to 1,039 sq ft.
The amenity list reads more like a resort brochure than a standard mid-market tower: a Zen Spa, essential oil lakes, hydroponic farms, a floating cinema, a floating opera and an island restaurant. Whether that appeals is a matter of taste, but it is a genuinely different pitch from the pool-and-gym standard that most Dubai off-plan towers offer, and it is the reason entry pricing here sits above comparable studios in less thematically ambitious developments.
Location — Dubai Investment Park
Dubai Investment Park (DIP) sits in southern Dubai, an established mixed-use zone combining residential, industrial and commercial development.
From Azure 2
Approx.
Dubai Investments Park
10 min
Dubai Sports City / DAMAC Hills
11 min
Expo City Dubai
12 min
Al Maktoum (DWC)
15 min
Burj Al Arab
25 min
DXB Airport
30 min
DLD transaction data places average DIP 2 apartment sale prices around AED 601,769 with gross apartment yields at 9–10% — among the strongest yield figures in the Dubai market, reflecting the district’s affordable positioning relative to central Dubai.
The investment read
The district-level yield data is the strongest part of the case: 9–10% gross on DIP apartments generally is a genuinely high figure for Dubai. Whether Azure 2 specifically achieves that depends on whether the wellness-amenity premium built into the price is recovered in rent, which is a different question from the district average.
The masterplan scale is the factor to weigh honestly. Riverside Views totals roughly 4,000 units across eight clusters, several of which are releasing and completing around the same 2029 window. That is a substantial amount of comparable stock entering one rental market at a similar time. Unit position within Azure 2 — river-facing against amenity-facing — will matter more than it would in a smaller, standalone building.
A Q1 2029 handover is a long runway. It means more time for capital appreciation to accrue on the full property value while only part of the price is committed, and it also means you are underwriting where this corridor of DIP sits in three years rather than where it sits today.
Founded in 2002 by Hussain Sajwani, DAMAC is the largest private real estate developer in the UAE and the Middle East. The company has delivered more than 50,000 homes with over 54,000 units currently under construction, and in 2026 alone announced the handover of 8,800 residential units across its Dubai portfolio.
DAMAC listed on the Dubai Financial Market in 2015 and was taken private again by Sajwani in 2022. Beyond residential development, the group holds Roberto Cavalli and de GRISOGONO, and has partnered with Chelsea Football Club and Oracle Red Bull Racing on branded residential concepts — relevant context if you are also considering Chelsea Residences or Couture by Cavalli within the same developer’s current portfolio.
All off-plan payments are held under RERA escrow rules in a project-specific account, released against verified construction milestones.
Direct from DAMAC, no broker, no commission. Filter above for current availability, floor plans and payment terms.
Frequently asked questions
AED 1,238,000 for a 874.46 sq ft one-bedroom apartment, from current developer-listed inventory. Launch pricing was published from AED 628,000 for studios, but current availability starts in the one-bedroom band — studio stock at the entry price appears to have sold through. Use the filters above for live pricing.
Q1 2029, consistently cited across sources. The entry unit carries a 13-month payment duration.
A masterplanned waterfront collection of eight residential clusters — Teal, Azure, Marine, Indigo, Royal, Capri, Sky and Pacific — totalling around 4,000 units in Dubai Investment Park. Azure 2 is one cluster within it, and shares the wider development's wellness-themed amenities including a Zen Spa, hydroponic farms and a floating cinema.
DLD transaction data places gross apartment yields in DIP 2 at 9–10%, among the strongest in the Dubai market, reflecting the district's more affordable entry pricing relative to central areas. Net yield will be lower once service charges, management fees and maintenance are deducted.
