Transforming into Luxury
On May 22nd, 2024, Abu Dhabi-based Eagle Hills announced the official launch of a groundbreaking waterfront development in Latvia’s capital, Riga. This ambitious project, backed by an investment exceeding €3 billion ($3.25 billion), is set to transform 57 hectares of the historic old port neighborhood into a vibrant and luxurious urban hub.
Prime Location
The Riga Waterfront’s prime location offers unparalleled convenience—just a 10-minute walk from Riga’s UNESCO World Heritage-listed Old Town and the city center, and a 20-minute drive from Riga International Airport, with direct links to major hubs across Europe and the Middle East.
From the Developer of the Burj Khalifa
The project is spearheaded by Mohamed Alabbar, the visionary founder of Emaar Properties PJSC, the company behind Dubai’s iconic Burj Khalifa. With over 30 years of experience and a portfolio spanning 16 countries across Europe, Africa, and the Middle East, Eagle Hills is one of the most prominent Gulf developers. Alabbar emphasized the unique potential of Riga, stating, “Riga deserves a truly great waterfront development. My experience in real estate across 16 countries suggests that this is a unique place.”
Why Off-Plan Real Estate in Riga?
The Riga Waterfront project is poised to become a new landmark in Europe, combining luxury living, strategic investment opportunities, and an enviable lifestyle in one of the continent’s most charming capitals.
Early Investment: Invest in properties before completion and benefit from potential capital appreciation.
Customization: Tailor your home to your preferences by selecting from various layouts and finishes.
Prime Location:Get early access to the most premium projects.
Competitive Prices: Choose from a wide range of price categories, ensuring affordability for all.
European Golden Visa
EU Residency for Investors
A notable incentive for foreign investors is the opportunity to acquire a temporary residence permit in Latvia, known as the European Golden Visa, with a minimum investment of €250,000 in the Riga Waterfront project. Our agency experts are ready to assist you through the entire process, from property selection to application, making it easier to obtain EU residency through real estate investment in Latvia.
Luxury, Affordability and so much more
The Riga Waterfront development will seamlessly blend modern luxury with natural beauty, offering:
- 8,000 Contemporary Apartments: Designed to house up to 30,000 residents, these state-of-the-art living spaces will set new standards for urban living.
- Premium Hotels: With 1,000 rooms across several hotels, the area will cater to high-end tourists and business travelers alike.
- Marina and Passenger Terminal: A cutting-edge yacht marina and passenger terminal will enhance the waterfront’s allure.
- Shopping and Office Spaces: Home to the largest shopping center in the region and grade A office spaces, the area will also feature high-end retail outlets offering luxury brands.
- Recreational Areas: Expansive parks, waterfront promenades, and leisure facilities will create a vibrant community atmosphere.
