Off-plan · Freehold
Riva Residence
by Vakson First Property Development · handover Q1 2026
Riva Residence, in plain numbers.
Riva Residence is an off-plan residential project by Vakson First Property Development in Dubai Maritime City (Madinat Dubai Almelaheyah), Dubai. It is registered with the Dubai Land Department as project 3034, a b+g+4p+25 residential building & retails .the project designed to have a concrete structure and block with internal and external finishes. scheme, with works dated from November 2022 and 88.9% built at the last inspection. Handover is planned for Q1 2026. 155 units are registered, mostly one-bedroom homes of about 1,001 sq ft and 2-bedroom homes of about 1,518 sq ft. The register shows 115 sales since October 2025, 11 of them in the last twelve months, at a median of AED 2,264 per sq ft.
- 8% under ready resales in the area
- 11 registered sales in 12 months
- Keys this year
Registered projects only. Every project we show is registered with the Dubai Land Department; payments go into a RERA-supervised escrow account in the developer's name.
What is in Riva Residence.
Units by type from the Land Department's register, the prices they have sold at, and the developer’s price list on request.
| Type | Units in the project | Typical size | Registered sales, 2 years | Median price | AED / sq ft |
|---|---|---|---|---|---|
| 1 bedroom | 60 | 1,001 sq ft | 46 | AED 1,900,500 | 2,000 |
| 2 bedrooms | 52 | 1,518 sq ft | 38 | AED 2,884,000 | 2,075 |
| 3 bedrooms | 40 | 2,271 sq ft | 14 | AED 4,900,000 | 2,276 |
Matched to the Land Department project Riva (project no. 3034).
How you pay.
Ask us and you receive the current plan, the price list and the floor plans on WhatsApp, usually the same day.
Send me the payment planWhat Riva Residence actually sells for.
Registered sale prices, not the developer's list prices.
| Date | Bedrooms | Sq ft | Price | AED / sq ft | Stage |
|---|---|---|---|---|---|
| 24 Jul 2026 | 1 B/R | 406 | AED 1,000,000 | 2,465 | Ready |
| 15 Jun 2026 | 3 B/R | 3,426 | AED 6,700,000 | 1,956 | Ready |
| 20 Apr 2026 | 2 B/R | 1,555 | AED 3,660,000 | 2,354 | Ready |
| 20 Apr 2026 | 3 B/R | 2,335 | AED 5,193,000 | 2,224 | Ready |
| 18 Mar 2026 | 3 B/R | 2,081 | AED 4,995,000 | 2,401 | Ready |
| 9 Mar 2026 | 2 B/R | 1,548 | AED 3,900,000 | 2,520 | Ready |
| 24 Feb 2026 | 2 B/R | 1,555 | AED 3,350,000 | 2,154 | Ready |
| 22 Dec 2025 | 3 B/R | 2,126 | AED 4,900,000 | 2,305 | Off-plan |
Source: Dubai Land Department open data, matched by the registered project name. Unit numbers are never shown.
Where it is.
Dubai Maritime City, Dubai.
What it costs beyond the price.
- Land Department registration (Oqood): 4% of the price, usually paid with the booking instalment, plus the developer's small registration fee.
- No agency fee to you when you buy from the developer: the developer pays our commission.
- Your payments go into the project's escrow account, released to the developer as construction is certified.
- At handover: service charges start, and a mortgage can finance the final payment if the plan allows it.
General guidance; we confirm every fee for this project in writing before you reserve.
Questions people ask.
When is Riva Residence handed over?
The developer plans handover for Q1 2026; the Land Department recorded the project at 88.9% built. Launch dates can move, and we track the registered progress for you.
Who is the developer of Riva Residence?
Vakson First Property Development (registered as Vakson First Property Development L.L.C). The project is registered with the Dubai Land Department as number 3034.
What is the payment plan for Riva Residence?
The developer shares the current plan with the price list; message us and we send both, usually the same day.
What is the price per square foot in Riva Residence?
Registered sales over the last 12 months have a median of AED 2,264 per sq ft, against about AED 2,327 for ready homes in Madinat Dubai Almelaheyah.
Can foreigners buy in Riva Residence?
Yes. Riva Residence is freehold, so buyers of any nationality can own the property outright, registered in their own name with the Land Department.
Is buying off-plan safe?
Payments for a registered off-plan project go into a RERA-supervised escrow account, and your purchase is registered with the Land Department (Oqood). We check the developer's completed projects and the registered sales before we recommend a project.
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