Madinat Jumeirah Living – Riwa

Meraas introduces the Riwa collection of stylish apartments minutes away from several beaches and Burj Al Arab

Enjoy vibrant urban living in the new Riwa development by Meraas – an upscale neighbourhood close to beaches and iconic landmarks. This project will be the ninth phase of the popular Madinat Jumeirah Living community in Umm Suqeim.
The 3-building complex with contemporary architecture is surrounded by lush greenery. It features 1-4 bedroom apartments ranging in size from 725 sq. ft to 4,390 sq. ft, including balconies. Residences with 3 and 4 bedrooms additionally have maid’s rooms.

The apartments are bright and open and have been stylishly decorated. Residents can enjoy views of the green spaces and iconic sail-shaped Burj Al Arab hotel.

For Rent

Since Riwa is located a short drive away from beaches, the Burj Al Arab and popular entertainment options, properties there will be in high demand for both short- and long-term rentals. As of Q2 2024, the average return on investment in 1-bedroom apartments in Madinat Jumeirah Living is 6.7% and the starting rental price is AED 100K (USD 27K) per annum. Such high rates demonstrate the ability to earn a stable passive income if you decide to rent out your apartment in Riwa.

For Resale

The developer offers a 75/25 payment plan, which includes a 20% booking fee. Since the value of the property in Riwa will increase as construction progresses, you will be able to earn a profit from reselling the unit once the project is completed, or even earlier during the off-plan stage.