
Damac unveils new phase at Dubai master community development
Located in Dubai Investments Park near Expo City Dubai, Damac Riverside Views is quietly central, providing easy access to key roads and major highways.
The new phase, Capri One at Damac Riverside Views, will include stylish one and two-bedroom apartments, said Damac in a statement.
The residences positioned on either side of the river will blend urban energy with stunning waterfront views and bring an extraordinary lifestyle for residents, it stated.
Speaking at the official launch, Amira Sajwani, Managing Director, Damac Properties, said: "As Dubai continues to evolve, so do we, shaping its skyline with homes that are not just iconic but intuitively designed for how people truly want to live. The community is in Dubai's next-generation residential hub."
"It is in perfect proximity to Al Maktoum International Airport, making it close enough for convenient travel, yet secluded enough to preserve a peaceful riverside lifestyle. Our new phase invites residents to slow down, reconnect, and rediscover the outdoors, with curated green spaces, thoughtful water features, and a soft rhythm of community life,." she stated.
According to her, the Riverside Views will boast world-class amenities including a clubhouse, a floating island restaurant, a Zen Spa, a Portofino Restaurant, and a hydroponic farm providing fresh greens daily.
"With a focus on health and wellness, fitness facilities by the water and a floating chess stage will be accessible to residents, as well as a floating opera, essential oil lakes, and Peace Rooms designed to encourage mindfulness and creativity," she stated.
Damac said this phase is a perfect opportunity for first-time home buyers, young couples and investors alike.
The one-bedroom units have been priced at AED993,000 onwards, while the two-bedroom unit starts from AED1.9 million onwards.
The new phase and launch from Damac comes after the resounding success of townhouses and apartments launched at Damac Riverside earlier, which were sold out, stated Sajwani.
As an introductory offer, Damac has unveiled attractive payment plans of 0.25% for the project.
"Under this, customers only need to pay an easy monthly payment of AED2,499 ($680.3 million) and they get to experience luxurious apartments and a community with fantastic amenities," she added.
Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Tahawul Tech
an hour ago
- Tahawul Tech
MBZUAI begins new academic year with largest-ever cohort of 400 plus students
Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has welcomed its largest cohort for its Fall 2025 intake, enrolling 403 new students. This includes its inaugural undergraduate class, new graduate cohorts in existing programmes in Computer Science, Computer Vision, Machine Learning, Natural Language Processing, and Robotics, and the first intakes into the Master of Science in Statistics & Data Science and Master in Applied Artificial Intelligence. This semester received more than 8,000 applications across the university's Bachelor and graduate programmes, yielding an acceptance rate of 5 per cent, and reinforcing the university's prestigious position and ability to attract the best talent in the UAE and from around the world. Timothy Baldwin, MBZUAI Provost and Professor of Natural Language Processing, said: 'This year, MBZUAI welcomes our largest cohort of graduate students alongside our inaugural undergraduate class. Artificial intelligence is transforming the world at a pace that vastly outstrips traditional education models. To realise its full global potential, MBZUAI invests heavily in reviewing and updating our programmes to reflect modern AI research methodology and workflows, based on our bleeding-edge AI research credentials and grounded in societal and industrial needs. As a young institution, MBZUAI has already earned a place among the world's top 10 AI universities based on our research credentials. 'With the introduction of our undergraduate and Master's in Applied AI programmes, we continue to build world-leading programmes aligned with the UAE's National Strategy for AI 2031 and supporting Abu Dhabi's rapidly growing AI ecosystem.' The newly launched Bachelor of Science in Artificial Intelligence programme offers two streams, AI for Business and AI for Engineering, combining technical rigor with leadership, hands-on entrepreneurship, and in-situ industry experience. The first class consists of 115 undergraduate students from more than 25 countries, over 25 per cent of which are UAE Nationals. Professor Baldwin said: 'The jobs of tomorrow are being shaped by AI today and we must ensure that future generations are equipped with the tools and skills to navigate that shift. Our extraordinarily talented students don't just learn about AI, but learn with it, through it, and for it. This is an extraordinary value proposition across all our programmes, but especially for our undergraduate students, who will be studying towards a bachelor's degree in AI that I believe sets a new global benchmark in terms of technical depth, real-world relevance, and the high-end AI job-readiness of the students.' The key highlights for the Fall 2025 intake includes MBZUAI's total student body totaling more than 700, representing over 47 nationalities. Nationalities represented in the undergraduate programmes are Bulgaria, China, Egypt, Georgia, Greece, India, Indonesia, Kazakhstan, the UAE and the UK. Postgraduate programmes bring together students from Canada, China, Egypt, France, India, Italy, Kazakhstan, Serbia, UAE, UK, USA and Vietnam. MBZUAI continues to attract exceptional students, with 151 of the incoming graduate students (27.5 per cent) holding degrees from the world's top 100 computer science universities (CSRankings), including Cornell University, Tsinghua University, the University of Edinburgh, and the University of California, San Diego. In welcoming the new students, MBZUAI has begun its immersive Orientation Week, introducing new students to the university's culture of academic excellence, AI-driven innovation, and community engagement. The programme combines academic sessions, mentorship activities, and cultural programming celebrating UAE heritage and life in Abu Dhabi. Highlights include the Orientation Mini Fair, where internal and external partners showcase resources for academic success, career development, and student life.


Gulf Business
an hour ago
- Gulf Business
Al Reem Island leads the pack: 38% price surge puts it at no 1 in Abu Dhabi
Image credit: Supplied Abu Dhabi's real estate market is witnessing unprecedented momentum in 2025, with Al Reem Island emerging as the standout performer in both investment and lifestyle offerings. According to MERED, the international award-winning real estate developer, Al Reem Island recorded a remarkable 38 per cent year-on-year increase in off-plan property weighted average prices during Q2 2025. Read- These figures, based on extensive transaction data from Quanta, underscore the island's appeal as a premium investment destination. In comparison, Khalifa City and Jubail Island saw notable, though more modest, price increases of 24 per cent and 20 per cent respectively, further confirming the overall resilience and upward trajectory of Abu Dhabi's property market. Image credit: Supplied In the rental segment, Residents of Al Reem Island benefit from a unique urban lifestyle that blends waterfront living, Grade-A office spaces, top-tier healthcare, expansive retail offerings, and the sprawling 1,000,000 square-foot Reem Central Park. Situated between Abu Dhabi's business core and the cultural hub of Saadiyat Island, the island embodies a modern 'live-work-play' ethos. Branded residences power luxury real estate growth Abu Dhabi's booming real estate sector isn't limited to just one location. The luxury and branded residences market is experiencing record growth in 2025, with branded property launches increasing fourfold compared to 2024, according to Metropolitan Capital Real Estate (MCRE). Fuelled by rising interest from high-net-worth individuals (HNWIs), international investors, and a growing pool of long-term residents, the capital's premium segment has seen a five per cent increase in transactions valued at Dhs7m and above, totaling Dhs6.3bn in the first four months of the year alone. More than half of these deals were in the Dhs10m and above bracket, signaling heightened investor confidence in Abu Dhabi's upscale real estate offerings. 'Abu Dhabi has firmly positioned itself as a premier destination for luxury and lifestyle-led investments,' said Evgeny Ratskevich, CEO of MCRE. 'Many investors who began with a single unit are expanding their portfolios, while long-term residents are choosing to buy rather than rent, reflecting a deep trust in the market's long-term potential.' One of the most significant drivers of this growth has been the surge in branded residence developments, particularly in hot spots like Saadiyat Island, Al Reem Island, and Mariah Island. With at least 25 new branded residences expected to launch in 2025, up from just a handful last year, Abu Dhabi is quickly becoming a hub for high-end, lifestyle-centric living. Notable launches this year include Jacob & Co Beachfront Residences, Brabus Residences by Cosmo, Waldorf Astoria Residences, Elie Saab Waterfront, SHA Wellness Residences, and Mandarin Oriental Residences. One standout transaction came from Nobu Residences, which made headlines with a record-breaking penthouse sale of Dhs137m, the highest ever residential sale in Abu Dhabi. New era for Al Reem Island and ADGM MERED is poised to further elevate Al Reem Island's profile with a new waterfront project that spans over 23,400 square meters within the Abu Dhabi Global Market (ADGM) jurisdiction. Designed in partnership with Pritzker Prize-winning architects, the project promises to redefine super-prime living in the capital, offering direct sea views, iconic design, and unmatched luxury. 'Al Reem Island has unequivocally established itself as Abu Dhabi's premier residential destination. Waterfront properties are now averaging over Dhs1,800 per square foot, with new launches exceeding those prices,' said Artemiy Marinin, Project Director at MERED. A major catalyst in Al Reem's ascent has been the expansion of ADGM's jurisdiction to the island in April 2023. Since then, more than 1,100 new businesses have joined, bringing the total to over 11,000 registered entities. This influx of professionals, executives, and entrepreneurs has added further depth to the island's luxury appeal and rental demand. As Abu Dhabi's urban landscape evolves, the combination of strong fundamentals, visionary developments, and branded living is setting a new benchmark for residential real estate. From record-breaking sales to design-driven innovation, Al Reem Island is leading the charge in the capital's transformation into a global real estate hotspot.


Khaleej Times
3 hours ago
- Khaleej Times
UAE: Emirates NBD to discontinue issuing some foreign currency demand drafts from Oct
Emirates NBD, a leading bank in the UAE, has informed customers that the bank will discontinue issuing some foreign currency demand drafts. In a communiqué on Saturday, the bank said that it will be discontinuing the service for some currencies, effective October 18, 2025. This is applicable to all customers of the bank, Khaleej Times has confirmed with a customer call representative. The last date that affected foreign currency demand drafts will be issued is October 17, 2025. The bank added that foreign currency demand drafts issued on or before October 17, 2025 "will remain valid and will be honored till the validity of the demand draft". The demand draft will be discontinued for the following currencies: USD (United States Dollar) GBP (British Pound Sterling) CAD (Canadian Dollar) EUR (Euro) AUD (Australian Dollar) SEK (Swedish Krona) NOK (Norwegian Krone) DKK (Danish Krone) HKD (Hong Kong Dollar) SGD (Singapore Dollar) CHF (Swiss Franc) JPY (Japanese Yen) In the notice, the bank recommended that customers make "the necessary arrangements well in advance to avoid any disruption". In June, Emirates NBD said that customers will be charged Dh26.25 (inclusive of VAT) for international transfers made via the app or online banking, including those done through DirectRemit. This, however, would remain free for India, Pakistan, Egypt, Sri Lanka, the Philippines, and the UK with a minimum transfer of Dh100 through the app via DirectRemit services.