Riwa Property Development By Meraas Holding

Last Updated on: 20th November 2024, 08:56 am

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Riwa, a premier project developed by Meraas Holding, marks a new realm of luxury living within Dubai’s vibrant property market. This exceptional development epitomizes high-end real estate, attracting discerning buyers interested in exclusive real estate investments. The starting price for a 1-bedroom apartment in Riwa at Madinat Jumeirah Living is AED 2.35 million, with sizes varying from 724 sq ft for a 1-bedroom to an expansive 4,390 sq ft for a 4-bedroom¹. Meraas Holding, recognized as one of the top property developers in Dubai, brings a legacy of quality and innovation, ensuring that Riwa’s architectural design and planned amenities are nothing short of spectacular. The payment plan includes 20% on booking, 50% during construction, and the final 25% on handover¹. As Riwa prepares for its launch, it is projected to redefine the essence of premium living, coupled with strategic location benefits, such as being just a 2-minute drive to Sheikh Zayed Road and only 25 minutes from Dubai International Airport (DXB)¹. For more information on this upscale residential development, visit Riwa Property Development By Meraas Holding.

Key Takeaways

• Riwa is developed by leading property developer Meraas Holding.
• The project introduces luxury living spaces in Dubai’s competitive real estate market.
• A wide range of apartment sizes and pricing plans cater to diverse buyers.
• Prime location highlights enhance the attractiveness of the property.
• The project aims to redefine the premium living experience in Dubai.

Overview of Riwa and Meraas Holding

Meraas Holding stands as a prominent name among premium real estate developers in Dubai, delivering a commitment to excellence through innovative projects. This leading developer has shaped the skyline with meticulously designed properties that prioritize community-oriented living and luxury. With a diverse portfolio that reflects the vibrancy of Dubai’s real estate market, Meraas Holding continually transforms spaces into sophisticated living environments.

Introduction to Meraas Holding

Established as a major player in the region, Meraas Holding champions the integration of high-quality lifestyles within its developments. Each of the Meraas Holding projects showcases a blend of modern design and functionality tailored to meet the needs of today’s discerning urban dwellers. The company’s approach underscores its dedication to creating spaces that not only meet residential requirements but enhance the overall living experience.

Overview of Riwa Project

The Riwa Project emerges as a significant highlight in the Madinat Jumeirah Living community, offering a premium selection of luxury living spaces ranging from 1, 2, and 3-bedroom apartments to extraordinary 4-bedroom penthouses. Each residence features contemporary design and stunning views, particularly toward the iconic Burj Al Arab, setting a new standard in luxury real estate projects in Dubai.

Featuring various unit types, Riwa promises considerably larger living areas, with sizes from 727 to 4,390 square feet, making it an attractive option for potential homeowners and investors alike. Scheduled for completion in August 2027, buyers can take advantage of flexible payment plans that begin with a down payment of 20%, followed by structured installments during construction (source)² and culminating in a final payment upon handover. Rental yields also appear promising, with 2-bed apartments estimated to yield a 6% ROI.

In addition to its luxurious residences, the Riwa Project promises a comprehensive array of amenities, including swimming pools, gyms, children’s play areas, and landscaped gardens that contribute to an upscale lifestyle. Residents will enjoy seamless access to major city landmarks such as Sheikh Zayed Road and the Mall of the Emirates, enhancing the project’s allure for those seeking a blend of tranquility and urban vibrance.

Features and Amenities of Riwa

Riwa presents a remarkable selection of luxury living spaces designed to cater to the diverse needs of its residents. This upscale development features options ranging from cozy 1-bedroom apartments to lavish 4-bedroom penthouses. The sizes for these exquisite residences vary significantly, starting at approximately 741.85 sq ft for the 1-bedroom units and reaching an impressive 4,390.38 sq ft for the penthouses. The competitive starting price of AED 2,350,000 for these upscale residences reflects Riwa’s commitment to providing luxury living at attractive rates, making it one of the prominent choices in the Dubai property market. Residents can look forward to most units being available by August 2027, with handover following shortly thereafter³⁴.

Luxury Living Spaces

The Riwa development uniquely blends modern design with comfort and cultural heritage, appealing to those seeking an elegant yet practical living experience. Each unit has been meticulously crafted to ensure high-quality finishes and spacious layouts, embodying the essence of Meraas Holding properties. This meticulous attention to detail transforms Riwa into an interactive community that meets the desires of families and individuals alike.

World-Class Amenities

Residents of Riwa will enjoy a host of world-class amenities designed to enhance their lifestyle. The development features multiple swimming pools, fitness centers, daycare centers, and lush parks, all conducive to a vibrant community atmosphere. Not only does Riwa provide recreational facilities, but it also includes access to private beach areas, adding a luxurious touch to daily living. With amenities ideal for both relaxation and social engagement, residents will benefit from a lifestyle rich in experiences, embodying the principle of upscale residential developments⁴⁵.

Conclusion

Riwa, developed by Meraas Holding, represents a remarkable venture into the world of luxury real estate projects in Dubai. The project not only showcases an impressive range of luxurious living spaces but also offers an array of world-class amenities designed to elevate the lifestyle of its residents. As a premium real estate developer, Meraas Holding continues to set the standard for upscale residential developments, making Riwa a standout choice for anyone seeking a significant investment opportunity.

This project is strategically located, enabling potential homeowners to enjoy the magnificent surroundings while still being connected to Dubai’s vibrant urban life. Investing in properties like Riwa positions buyers at the forefront of Dubai’s flourishing real estate market, where property values are anticipated to grow steadily. The unmatched design and innovative approach adopted by Meraas reflect their unwavering commitment to quality, resonating well with investors looking for long-term returns.

In summary, Riwa not only emphasizes luxury and comfort but also illustrates the ongoing evolution of Dubai as a global hub for high-end living. For further insights on related narratives, one can explore this engaging read. As Meraas Holding continues to redefine luxury with their ambitious projects, Riwa undoubtedly stands as a symbol of excellence in the real estate market⁶.

Source Links

1. https://off-planproperties.ae/projects/riwa-madinat-jumeirah-living-mjl/
2. https://www.propertyfinder.ae/en/new-projects/meraas-holding/riwa
3. https://ioffplandubai.com/dubai-property/riwa-by-meraas/
4. https://www.bayut.com/mybayut/riwa/
5. https://www.binayah.com/dubai-projects/riwa-at-mjl-by-meraas/
6. https://www.riwa-rijn.org/en/publicatie/annual-report-2023-the-rhine/