Developer: Vakson Group · Maritime City

Riva Residence

Riva Residence is a residential project by Vakson Group in Maritime City, Dubai, with ready to move in, 156 units.

HandoverReady to move in
Units156

Layouts and sizes

TypeSize, sq.ft
1 Bedroom801–1 724
2 Bedroom1 322–3 181
3 Bedroom2 006–3 398

Payment plan 40/60

The purchase price is split into these stages.

120%Down payment
250%During construction
330%On handover

The exact schedule is confirmed in the sale agreement for the selected unit.

Construction progress

100%
  • StatusReady
  • Construction started2022-11-01
  • HandoverReady To Move in
  • Status date22.12.2025
  • Escrow bankUnited Bank Limited
  • DLD project number3034

Data from the Dubai Land Department project registry (updated 19.08.2026 09:55).

Construction progress 38
22 December 2025 100.00%
Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 1 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 2 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 3 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 4 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 5 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 6 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 7 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 8 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 9 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 10 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 11 of 12Riva Residence, Maritime City construction progress — 22 December 2025, 100.00% complete, photo 12 of 12

Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.

Recent transactions

DateTypeSize, m²Price, AED
04.08.20261 BR75.41 614 007
24.07.20261 BR37.71 000 000
15.06.20263 BR318.36 700 000
19.05.20263 BR209.15 150 000
20.04.20262 BR144.53 660 000
20.04.20263 BR216.95 193 000
18.03.20263 BR193.34 995 000
09.03.20262 BR143.83 900 000
24.02.20262 BR144.53 350 000
22.12.20253 BR197.54 900 000
17.11.20253 BR207.85 150 000
05.11.20253 BR197.54 900 000
04.11.20251 BR100.72 166 000
28.10.20251 BR89.01 916 000
27.10.20251 BR89.01 820 000
21.10.20251 BR88.32 201 600
21.10.20251 BR89.02 000 000
21.10.20251 BR88.32 201 600
07.10.20251 BR100.72 166 000
03.10.20251 BR89.01 915 000
Rentals — 13
DateTypeSize, m²Rent, AED/yr
1bed room+Hall88.970 000
2 bed rooms+hall124.3133 000
1bed room+Hall88.980 000
2 bed rooms+hall138.3135 000
2 bed rooms+hall130.4140 000
1bed room+Hall85.380 000
1bed room+Hall88.975 000
1bed room+Hall85.284 000
1bed room+Hall101.080 000
2 bed rooms+hall138.3120 000
2 bed rooms+hall144.5120 000
3 bed rooms+hall199.9200 000
1bed room+Hall85.380 000

Dubai Land Department transaction registry, updated 2026-08-18. Explore Dubai property transactions →

Registered transactions in Riva Residence

Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.

119deals since 2018
22 063AED per m², median
9%resale, the rest bought from the developer
+5%over the past year

The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved 0% over the same period, so the building grew faster.

What buyers actually paid

TypeSize, m²Price, AEDPer m²Deals
1 bedroom881 896 00021 54555
2 bedrooms1252 909 00023 27244
3 bedrooms1974 900 00024 87318

Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.

How the price per square metre moved

From 2024 to 2026 — +14% on the price per square metre in this building. The district moved +29% over the same period, so the building lagged the market.

21 5322024
22 0662025
24 6322026*

Top to bottom: purchase price per m², year, annual rent per m², gross yield.

All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.

* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.

Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.

Amenities

  • Indoor Swimming Pool
  • Well-being and Fitness
  • Landscaped Gardens
  • Shared Spa
  • Concierge
  • Children's Play Area
Riva Residence

About the project

Riva Residence is a residential development with retail space in Maritime City, Dubai. It was developed by Vakson Group as a single B+G+4P+25 building with 1-, 2- and 3-bedroom apartments. The project is finished, with a recorded completion date of 25 September 2025 and a 100.00% completion ratio.

The building

Riva Residence consists of one building configured as B+G+4P+25, with residential accommodation and retail space within the project. The building is designed with a concrete structure and block construction, together with internal and external finishes. Its recorded total project area is 22,223.09. Construction commenced on 1 November 2022. The development brings its residential and retail components together in Maritime City, on the peninsula between Port Rashid and Dubai Dry Docks.

Apartment collection

The residential collection at Riva Residence includes 1-, 2- and 3-bedroom apartments. The apartments are described as having furnished rooms, curated interiors and layouts with storage space. The project information identifies these one-, two- and three-bedroom formats as the available apartment categories. Retail space forms the non-residential component of the building, alongside the apartment collection.

Amenities and leisure facilities

Riva Residence includes an infinity pool, swimming pool, children’s pool, fitness centre and gymnasium. The amenity programme also includes indoor games, a children’s play area, kids’ nursery, yoga and meditation spaces, BBQ areas, parks and leisure areas, and jogging and cycling trails. Dining outlets, restaurants, retail outlets and housekeeping are also included. Further listed features include beach access, direct access to the Green Loop, a marina and yacht club, parking, and sea views.

Maritime City setting

Riva Residence is located in Maritime City, a purpose-built peninsula between Port Rashid and Dubai Dry Docks. The district was planned as a maritime-focused commercial and industrial zone with residential functions. Its masterplan identifies marine services, marine management, product marketing, marine research and education, recreation, and ship design and manufacturing as target sectors. Maritime City includes an operational Industrial Precinct and a developing Commercial Precinct. The Industrial Precinct contains ship lifts, ship repair plots, warehouses, workshops, retail and showrooms. In November 2021, it had 299 business partners and an occupancy rate of 82%.

Nearby places

Maritime City Park is 0.5 km from Riva Residence. Queen Elizabeth 2 is 1.1 km away, while Vox Cinema at City Centre Shindagh is 1.7 km away. Dubai Heritage Village is 2.0 km away and Dubai Museum is 2.7 km away. Port De La Mer Beach and Vox Cinemas at BurJuman Mall are each 3.5 km away. Jumeirah Garden City North Park 2 and Roxy Cinema at La Mer are each 4.2 km away. Dubai Creek Golf & Yacht Club is 7.0 km away, and Al Badia Golf Club is 10.9 km away.

Payment plan and completion

Riva Residence has a 40/60 payment plan with a 10% down payment. The stated handover period is Q4 2025. Construction began on 1 November 2022, and the project completion date is recorded as 25 September 2025. Riva Residence is finished, with a completion ratio of 100.00%. Its inspection date is recorded as 22 December 2025, and it is identified as project number 3034.

Frequent questions

Who is the developer of Riva Residence?
Riva Residence was developed by Vakson Group.
Where is Riva Residence located?
Riva Residence is located in Maritime City, Dubai, on the peninsula between Port Rashid and Dubai Dry Docks.
What apartment types are available at Riva Residence?
The project includes 1-, 2- and 3-bedroom apartments.
What is the payment plan for Riva Residence?
The payment plan is 40/60, with a 10% down payment.
When is the handover for Riva Residence?
The stated handover period is Q4 2025. The recorded project completion date is 25 September 2025.
What is the completion status of Riva Residence?
Riva Residence is finished and has a recorded completion ratio of 100.00%.
What amenities does Riva Residence offer?
Amenities include pools, a fitness centre, gymnasium, children’s facilities, BBQ areas, jogging and cycling trails, yoga and meditation spaces, dining and retail outlets, and beach access.
What is close to Riva Residence?
Maritime City Park is 0.5 km away, Queen Elizabeth 2 is 1.1 km away, and Dubai Heritage Village is 2.0 km away.
How can I buy an apartment in Riva Residence?
Submit an enquiry via the form on this page or message us on WhatsApp — a Continental Club Property broker (RERA 31933) will help you choose a unit and send the brochure and payment plan.

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Project data comes from the Dubai Land Department (DLD) registry.

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