Olive
Olive Offered by Buy Dubai Off-Plan
Olive

Olive

by DAMAC in DAMAC Riverside View on map Under construction

Starting price
AED 3,680,000
Payment plan
75/25
Handover
Q2 2029

≈ € 883,000

Project details

Starting price AED 3,680,000 ≈ € 883,000 What will my monthly payments be?
Payment plan 75/25 75% during construction, 25% at handover
Handover Q2 2029 Under construction
Bedrooms 45
Property type
Townhouse
Developer
DAMAC
Location
DAMAC Riverside

About Olive

  • Spacious 4 and 5 bedroom townhouses within a gated community

  • Beautiful aqua-themed design and meticulously planned landscaping

  • Extensive wellness facilities including a Zen spa and calisthenics stations

  • Favourable payment plan with 75% payable during the construction phase

  • Strategic location in the sought-after Damac Riverside area with river views

Overview of Olive in Damac Riverside

Olive in Damac Riverside represents an exceptional opportunity to invest in a carefully designed residential community in the heart of Dubai. This off-plan project, developed by the renowned Damac Properties, is specifically designed for families seeking a harmonious lifestyle where modern amenities blend with the tranquillity of nature. The emphasis is on creating a serene, water-inspired retreat that exudes a beneficial and calming atmosphere. The project’s completion is scheduled for the second quarter of 2029, offering investors an attractive horizon for future capital appreciation. The entire concept is focused on fostering a sense of community and wellbeing, away from the city’s hustle and bustle, yet perfectly connected to all key amenities. The townhouses are clustered within a peaceful and screened environment, ensuring privacy and security for all residents. This project stands out due to its attention to detail and commitment to delivering a living experience that transcends everyday standards. It is a place where families can thrive, surrounded by like-minded neighbours and an abundance of green spaces. For international investors, Olive offers not only a luxury residence but also a sustainable investment in one of the world’s most dynamic property markets. We are ready to provide you with detailed information and guide you through every step of the purchasing process.

Property Types and Layouts at Olive

At Olive, you can expect exclusive townhouses, available only in spacious 4 and 5 bedroom layouts. These homes are designed with a strong focus on functionality, aesthetics, and maximising living space. The specific floor areas are available upon request, indicating a degree of customisation and exclusivity for the different units. The interiors are finished in neutral and earthy tones, creating a sense of warmth and calm, while the open floor plans provide a feeling of space and freedom. Each home features a spectacular living area that seamlessly flows into an open dining area and a modern kitchen equipped with high-quality appliances and fittings. Large windows allow for an abundance of natural light and offer breathtaking views of the surrounding landscapes, while resident privacy is maintained. The bedrooms feature walk-in wardrobes, contributing to an organised and luxurious living environment. One of the most prominent features is that each unit has its own terrace or balcony, where residents can begin the day by awakening to nature and a refreshing morning sun. This attention to detail in the layout ensures a home that is not only beautiful but also perfectly tailored to the needs of a modern family, with every square metre optimised.

Developer Damac and Construction Quality

The developer of Olive, Damac Properties, is an established name in Dubai’s real estate world and is synonymous with quality, innovation, and reliability. With an impressive track record of delivering iconic projects, Damac brings a wealth of experience to the development of Olive in Damac Riverside. Construction quality is a top priority, with a focus on sustainable materials and solid finishes, resulting in a project built for the future. Damac is known for its architecturally appealing and functionally strong designs, and Olive is no exception. The project reflects the developer’s vision of creating living communities that go beyond mere housing by offering complete lifestyles. The masterfully designed landscaping and shared amenities demonstrate a deep understanding of what modern residents desire. Confidence in a developer like Damac is a crucial element for investors, as it provides assurance of timely completion and a project that meets the highest international standards. For our clients, we act as the point of contact and ensure your interests are represented, from initial exploration to the final handover.

Location and Surroundings of Damac Riverside

The location of Olive within the Damac Riverside community is one of the most compelling arguments for an investment. This carefully planned district offers a perfect balance between the serenity of a water-inspired environment and the dynamism of city life. The townhouses are just a stone’s throw from the clear waters of the river, providing panoramic views and a constant sense of relaxation. The surroundings are designed as an oasis of calm, where residents can escape the hustle and bustle without compromising on convenience and accessibility. Proximity to major connecting roads ensures excellent accessibility to Dubai’s main landmarks and business districts. Within the community itself, amenities are plentiful, with a focus on health, wellness, and social interaction. These include hydroponic farms for fresh produce, culinary classes, and special BBQ zones for social gatherings. The environment encourages an active lifestyle, with spaces for recreation such as an amphitheatre, a games zone, and an adventure land for children. It is a location tailored for a high-quality standard of living, making it a highly sought-after destination for both local and international buyers.

Payment Plan for Investing in Olive

The payment plan for Olive is specifically designed to make investment accessible and manageable, which is particularly attractive for international buyers. The plan provides for 75 percent of the purchase price to be paid during the construction phase, with the remaining 25 percent due upon the project’s final completion. This phased approach allows investors to spread their financial commitments and offers a clear and transparent timeline for payments. The starting price for a townhouse in this exclusive project is AED 3,680,000 (approximately £802,000 / €935,000), a highly competitive price for a home of such size and quality in a reputable community like Damac Riverside. Such a payment plan significantly reduces the initial financial pressure and aligns seamlessly with the construction progress, further strengthening confidence in the project. It offers investors the opportunity to participate in Dubai’s growing real estate market with a relatively low initial investment. Our team can provide you with a detailed breakdown of the payment schedule and advise you on the best financing options. We guide you through the entire process, so you can invest in your future property in Dubai with peace of mind.

Amenities

Payment plan for Olive

75%25%
75%
During construction, in instalments
AED 2,760,000
≈ € 662,000
25%
After handover
AED 920,000
≈ € 221,000

Monthly payments and your own funds

How much do you need for Olive, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 4,655

≈ € 1,120 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 2,760,000≈ € 662,400
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 920,000≈ € 220,800
Purchase costs4% DLD fee and mortgage costs
AED 159,570≈ € 38,300
Total funds required
AED 2,919,570≈ € 700,700
Request finance guidance for Olive
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Location

Damac Riverside, Dubai Al Maktoum International Airport: 18 minutes · Dubai Marina: 22 minutes
Open in Google Maps

Travel times from Olive

  • Al Maktoum International Airport: 18 minutes
  • Dubai Marina: 22 minutes
  • Downtown Dubai: 28 minutes
  • Mall of the Emirates: 20 minutes
  • Burj Khalifa: 28 minutes

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

Similar projects

Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.