Riva Residence

Riva Residence is a completed residential building by Vakson Development, situated within Dubai Maritime City and comprising 24 apartments across one, two and three-bedroom configurations. It reached practical completion in November 2025 and is available for immediate purchase.

# The tower and its position in Dubai Maritime City

Dubai Maritime City occupies a peninsula between Port Rashid and the older industrial waterfront south of Bur Dubai. It is a purpose-built district, conceived to consolidate the emirate's marine industry infrastructure, and it carries a character quite different from the more familiar residential corridors of Downtown or Dubai Marina. The area is mid-density, oriented toward the water, and still in the process of filling out its residential stock.

Riva Residence sits within that context as a boutique building. Twenty-four units across a single structure means the project is deliberately small, an unusual scale for Dubai, where most developers default to tower counts in the hundreds. That restraint shapes the ownership experience more than any individual finish detail.

# Residences, layouts and internal specification

The range runs from one-bedroom apartments at 958 sq ft up to three-bedroom homes extending to 3,091 sq ft. That upper figure is generous by any standard, and the two larger three-bedroom layouts, priced from AED 6.8 million, sit at a scale that functions practically as a full family home rather than a compact apartment.

# How the numbers break down

One-bedroom units come in at 958 sq ft and 1,055 sq ft, priced at AED 2.54 million and AED 2.9 million respectively. Two-bedroom layouts range from approximately 1,494 sq ft to 2,067 sq ft, with pricing between AED 3.6 million and AED 4.3 million depending on size and floor. Three-bedrooms span a wider band: the smaller configurations sit at around 2,000–2,235 sq ft and are priced from AED 5.1 million, while the largest units at roughly 3,086–3,091 sq ft are offered at AED 6.8 million.

All apartments are delivered semi-furnished. Kitchens are equipped. Service charges are set at AED 15 per sq ft annually.

# Amenities and shared facilities

The amenity list is focused rather than exhaustive. An infinity pool, fitness centre, kids' play area, BBQ area and a business lounge cover the main categories: recreation, family use and a degree of professional convenience. There is no spa, no cinema room, no concierge service listed, which reflects the boutique scale of the building rather than any gap in the brief.

For a 24-unit building, the provision is proportionate. Shared facilities in small buildings tend to feel less institutional and more usable than equivalent amenities in a 300-unit tower, where the gym queue and pool crowding are a known friction point.

# Location and connectivity

Maritime City's geographic position is close to the Dubai Creek waterfront and within reasonable reach of the key arterials connecting central Dubai to the airport and the southern business districts. The district does not yet have the retail and dining density of more established neighbourhoods, and buyers should factor that in. The surrounding area is functional rather than pedestrian-friendly in the way that, say, Jumeirah or the Marina are.

That said, the waterfront orientation and proximity to Port Rashid mean the location carries genuine long-term infrastructure logic. Dubai's continued maritime investment in the area supports the case for capital appreciation over a medium-term hold.

# Who this building suits and where it sits in the market

At AED 2.54 million for a one-bedroom and up to AED 6.8 million for the largest three-bedroom, Riva Residence occupies a mid-to-upper band of Dubai's completed residential market. The price per square foot across the range sits broadly in line with Maritime City's current secondary pricing, with the larger units representing the more compelling value on a per-square-foot basis.

The buyer profile is specific. Someone acquiring a 3,091 sq ft three-bedroom in a 24-unit building in Maritime City is not buying a status address. They are buying space, quiet, and direct water adjacency in a district that has not yet been fully priced. The building is completed and titled, which removes development risk entirely and allows for immediate occupation or letting. For international buyers seeking a Dubai foothold without the noise of a large-scale mixed-use development, that combination has a clear logic.